Sainsbury’s, Asda and truck tyre tariffs
At the end of April the UK’s second largest supermarket Sainsbury’s announced that it is merging with the Walmart-owned Asda supermarket. The goal? To push first-placed Tesco off the top-spot and to give the newly combined chain better access to different geographic areas and consumers. Strange as it may seem at first glance, this story can be read across to the tyre market in general and the truck tyre segment in particular (click here for complete coverage on developments associated with the recently initiated European anti-Chinese truck tyre import tariffs).
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‘Motorists who lease their vehicle could be falling foul of the law when driving overseas’ – LeasePlan
According to a recent Co-op survey, over 37 per cent of Brits who take their cars abroad worry about driving on the wrong side of the road and misunderstanding road signs has resulted in almost 860,000 avoidable road crashes.
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TBR tariffs: Giti displays two commercial tyres ‘Made in Indonesia’ at The Tire Cologne
Giti Tire has given its first indication of the measures it is taking to shore up its European position in light of the EU tariffs introduced on commercial vehicle tyre produced in China. Presenting two of its most popular tyres, including the Giti GTR955 Combi Road, with “Made in Indonesia” highlighted on their sidewalls, the manufacturer is showing it is capable of shifting European truck tyre production to its Tangerang manufacturing complex in Jakarta, following a development completed in late 2016.
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Hankook: ‘We are not affected’ by truck tyre tariffs
South Korea-based tyre manufacturer Hankook, which is a leading player in the UK truck tyre market in terms of unit volumes, has stated that it is not affected by the recently introduced European anti-Chinese truck tyre import tariffs. Commenting as part of a statement on the company’s current and ongoing exhibition plans, Tony Lee, Hankook Tire Europe vice president for marketing and sales said:
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Truck tyre tariffs to cause shortages
On 7 May the European Commission announced that it is implementing provisional anti-dumping duties of between 52.85 euros and 82.17 euros per tyre on new and retreaded tyres imported into Europe from China. It is a landmark move that is already having a huge impact on truck tyre markets across Europe. Tyres & Accessories spoke with TYM International managing director, Steve Eke and Triangle Tyres general manager for Europe, Corrado Moglia (representative examples of affected importers and manufacturers respectively) in order to find out more.
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IAAF supports coalition’s call for EU Commission digitalisation opportunities action
The Independent Automotive Aftermarket Federation (IAAF) has lent its voice to a broad industry coalition, including automotive industry and mobility services operators, insurers, motorist consumers and SMEs, calling upon the EU Commission for fair and equal access to in-vehicle data and resources.
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Truck tyre tariffs to end Chinese import tsunami
The EU’s decision to implement import tariffs on Chinese-produced truck tyres marks a sea-change in both the truck tyre market in general and European governments’ approach to the subject in particular. As of the 8 May 2018, truck tyres produced in China and imported into the UK have become between 52.85 euros and 82.17 euros per tyre more expensive than before. And what’s more, with product registration having begun back in February 2018, such charges look likely to be backdated to February on tyres already sold. This cannot fail to have an enormous impact, but what exactly will it mean for the truck tyre sector?
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Michelin partners with Vans to produce limited edition skate shoes
In the US, Vans has team up with Michelin to produce a limited-edition range of the shoemaker’s Sk8-Hi and Old Skool models. Both boast a blue and white checkerboard print upper featuring Bibendum’s face in the white cells, as well as “bright yellow accents at the tongue tab, inner lining and foxing”.
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