Deldo Reports Record Sales
Deldo Autobanden has announced record sales figures. In September sales increased by more than 30 per cent compared with the same time in 2003, the company says. The new record now stands at more than 500,000 units.
Continue ReadingPilot Power Triumphs
Triumph Motorcycles has chosen the Michelin Pilot Power as the sole OE fitment for its 2005 Speed Triple. The tyre was chosen as the best option for the 1050cc machine following extensive tests. It is described as combining “aggressive streetfighter looks” with “high quality chassis components.”
Continue ReadingCooper Reports ‘Exciting Quarter’
Cooper Tire and Rubber has reported a 6 per cent year-on-year increase in its net sales, breaking its previous record for tyre operations.
Continue ReadingWatts Tyres to Supply Continental
Watts Industrial Tyres Plc has signed an agreement with Continental AG to supply solid industrial tyres to its industrial tyres business unit. Continental is going to use the tyres to develop the US and Asian markets. The tyres will be manufactured to Continentals specification at Eu-Retec (Pvt) Ltd in Sri Lanka.
Continue ReadingMichelin Drops ‘Infringement’ Case
Michelin has ended its attempts to sue a 78-year-old pamphleteer. Shimon Tzavbar, who faced bankruptcy as a result of the legal proceedings, agreed not to use the firm’s name on an unofficial guide to Israeli jails.Michelin also withdrew a demand for Mr Tzabar to pay any of its legal costs. Givign evidence the writer had said: In order to make a satire that will catch the public eye, one has to use a name or symbol that is famous. The same way that the artist Andy Warhol used the famous Campbell soup name and logo to change the consumerism of society, so did I use the famous Michelin name to spread awareness of a great human tragedy, a tragedy that the Jews in Israel should know all about. The company had said his depiction of the Michelin man, with one arm raised and a tyre in his other hand, infringed its trademark rights.
Continue ReadingDana Reports 33 per cent Drop in Income
Dana Corporation has released third-quarter results that show a 33 per cent drop in net income. The corporation received $40 million compared with $61 million in the same part of 2003. The company achieved third-quarter sales of $2.1 billion, compared to $1.9 billion the year before.
Continue ReadingGoodyear Top Autocar Tyre Tests
Autocar magazine has published its annual tyre tests this week, with Goodyear dominating the results. The independent tyre test compared five leading tyre brands in the UK, across two categories of car.
Continue ReadingMSA British Rallycross Championship
The final round of the MSA British Rallycross Championship to be held at Brands Hatch, 31 October, will see Dermot Carnegie squaring up to the largest Supercar entry of the year. Ireland’s former rally champion Andrew Nesbitt will make his first appearance in the sport and the Ford RS200 Group B car will say farewell to the event. Dermot Carnegie commented: I can go to the final round and be free to race without thinking that a finish in the points is better than winning, that will be fun. And I want to have a go with Andrew Nesbitt, he said. Steve Mundy, Andy Grant and Kevin McCann are eager to end the year on a high, as is Will Gollop who won the first round of the championship but who has been out of action for much of the year after suffering an engine failure in his Ford Focus.
Continue ReadingRedmer to Distribute SmarTire
SmarTire Systems Inc has announced that Redmer Industries has become a distributor of SmarTire’s tyre pressure monitoring system.
Continue ReadingDunlop Treads on British Lifestyle
Dunlop is launching a new lifestyle supplement called Tread, to be featured in Saturday’s Independent.
Continue ReadingBridgestone to Produce Ultra-Thin Display Devices
Bridgestone has announced that it will enter the display device market. The Japanese tyre maker says it has developed “ultra-thin electronic price tags” and is aiming to achieve sales of 1 billion yen (£5.1 million) in two to three years.
Continue ReadingBandag Reports 12 per cent Sales Rise
Banday has announced an increase in third quarter revenues of 12 per cent. The company says that higher international sales, favourable exchange rates and revenue generated from the acquisition of Speedco were behind the increase.
Continue ReadingToyo Tire Launches US Construction Project
Toyo Tire & Rubber Co officially “broke ground” this week for its new manufacturing plant and warehousing facility in Bartow County, Georgia. State officials and local dignitaries witnessed the event which marks the official start of construction of the company’s first wholly owned North American tyre manufacturing facility. The 1.03 million square feet building will be built on a 150-acre site and will initially be able to produce 2 million passenger, light truck and SUV tyres annually. Toyo has invested $150 million into the products so far.
Continue ReadingPirelli to Raise Prices
The AFX financial news agency has reported that Pirelli will increase its prices by between three and five per cent. The price increase is expected to be enforced by the end of the year and will affect all of the company’s Europe wide operations. Exactly how much prices will increase will be decided by each national Pirelli organisation individually. Pirelli says the price hikes are a result of the increasing raw material and energy costs that are affecting the tyre business.
Continue ReadingDelphi Shows Signs of Cash Flow
Automotive supplier, Delphi Corp has reported third quarter revenues of $6.65 billion and a net loss of $114 million (20 cents per share). When this is compared with net losses of $353 million (63 cents per share) last year, this figure shows signs that the company’s cash is flowing again.
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