Nokian’s New Records
The Finnish tyre manufacturer, Nokian, is reporting new record figures. The company’s turnover increased by 15 per cent to 39.8 million euros in the first nine months of 2004. Operating profit was also on the up and increased by 57 per cent compared with the first nine months of last year to reach 6.2 million euros. Management confirmed that they had significantly outperformed last year’s record results.
Continue ReadingFurther Success for Michelin
A second win for Markko Märtin has clinched both runner-up honours for Ford-Michelin in the 2004 Manufacturers World Championship and has promoted the Estonian to within three points of Petter Solberg in the competition for the silver medal in the Drivers classification.
Continue ReadingTitan’s Promising Third Quarter
Titan International has reported net sales of $116.5 million for the third quarter ended 30 September. Sales were up 47 per cent from $79.2 million recorded in the third quarter of 2003.
Continue ReadingBorgWarner’s Beru Announcement
BorgWarner Germany, Heidelberg, a subsidiary of BorgWarner, US, has announced a voluntary public tender offer for Beru AG of 67.50 euro a share. A share purchase agreement of 62.21 per cent from major shareholders and a share purchase option agreement for 0.82 per cent has already been signed. All that is left to be approved by the relevant authorities is the closing of the share purchase agreement and the finalisation of the share purchase option agreement.
Continue ReadingMatador Gains Strength in the OE Market.
Matador has completed a majority share purchase agreement with joint-stock company Pal-Inalfa from Vrable, Slovakia. The acquisition will now provide the group with access to the suppliers and producers segment of the car industry.
Continue ReadingMAM Aids MPD’s Expansion
MAM Software has signed a deal to supply its Autowork software to Motor Parts Direct Limited (MPD) for use in their garage programme.
Continue ReadingLassa to Release New Sizes
Lassa has announced that it will release a number of new size references for its Impetus Sport range in the new year.
Continue ReadingMichelin and Elyo agree 15-year Contract
Michelin Italiano Spa and Elyo Italia have agreed a 400 million euro contract to build and manage a cogeneration unit at the Michelin Italiana plant in Cuneo, northern Italy. The 50 MW facility will supply all the electrical and thermal power required by Michelin’s largest plant in Italy. The companies say that the 15-year contract will conform to the most stringent European and national energy efficiency regulations. According to the Elyo, “the electric and thermal power cogeneration production system will help to significantly reduce polluting emissions (carbon dioxide and nitrogen oxide) into the atmosphere. The acoustic impact, both inside and outside the Michelin plant, will also be extremely limited.”
Continue ReadingWin tickets to Max Power London
Max Power London is back, offering a weekend of modified motors, stunt driving action and in-car-entertainment. On the 27th and 28th November thousands of car enthusiasts will be making their way to the Dockland’s ExCeL Centre to catch a glimpse of the six best modified motors in the world that will be on display at this year’s show. For a chance to win tickets click more
Continue ReadingESC Saves Lives and Money
A report by the US Insurance Institute for Highway Safety (IIHS) has found that the use of ESC systems can reduce the risk of fatal crashes by 34 per cent, the risk of single-vehicle fatal crashes by 56 per cent and thereby save thousands of lives a year.
Continue ReadingATS Branch Receives Royal Approval
ATS Euromaster’s Holt centre has be granted a Royal Warrant. For the last five years the fast fit centre has supplied tyres for cars and lawnmowers at the Queen’s Sandringham residence.
Continue ReadingCounty Contractors Choose TSUK
As the trading image of Tyre Shredders UK (TSUK) continues to flourish in the UK market, yet another established tyre reprocessor has recently acquired one of the company’s machines.
Continue ReadingBMTR Group Make New Board Appointments
Birmingham based tyre wholesaler and distributor BMTR Group has announced the appointment of Gary Hickman as director and general manager. Mr Hickman will be based at the group’s Perry Barr site.
Continue ReadingWeak Third Quarter for Superior Industries
Analysts have suggested Superior is taking a “last man standing approach” while the company reports relatively weak third quarter results.
Continue ReadingBandag to Supply Volvo Fleets
Bandag has announced that Volvo has selected it as its pan-European tyre-retreading partner. Under the new agreement, Bandag will supply retreads to Volvo Trucks workshops.
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