“Sam” Gibara Joins SRI Board
Samir G. Gibara (61), chairman and chief executive officer of The Goodyear Tire & Rubber Company, has been elected to the board of directors of Sumitomo Rubber Industries Ltd. in Kobe, Japan. Gibaras election is in conjunction with Goodyears 10 percent ownership of SRI, following the companies global alliance, completed in September 1999. This ownership makes Goodyear SRIs second-largest shareholder. SRI holds 1.4 percent of Goodyears common stock.
Continue ReadingOriginal Founder Buys Finelist Brands
Chris Swan has bought the Autela and Edmunds Walker brands of Finelist, the car parts group which went into administrative receivership last year. Swan was the founder of Finelist in 1991, leaving the company in March 2000. The two brands will complement Bulldog Express, Swans new parts venture formed earlier this year, and together they claim to be the third largest player in UK automotive parts distribution market, which is estimated to be worth four billion Pounds.
Continue ReadingOE Success For Yokohama
The Super Sport Car V 12 Vanquish will be fitted by Aston Martin with Yokohama tyres AVS Sport in 255/40 ZR 19 (front) and 285/40 ZR 19 (rear). Yokohama has added the exclusive logo AML on the sidewall for the tyres delivered to Aston Martin.
Continue ReadingCommercial Truck Steel Wheels From ArvinMeritor
ArvinMeritors expansion at its San Luis Potosi (Mexico) manufacturing facility includes the production facility and machinery to produce steel wheels up to 22.5 inches in diameter. The addition of steel truck wheels augments its wide range of steel wheels currently produced for passenger and light truck OEMs.
Continue ReadingConfidence In Bridgestone And Firestone
John Lampe has spent all his working life with Firestone and then Bridgestone/Firestone. He has recently been put in charge of the Bridgestone groups largest subsidiary, Bridgestone/Firestone Inc. in the USA. In addition – and this is a first for Bridgestone and very rare for large Japanese businesses – Lampe sits on the board. This illustrates how highly he is thought of in what are difficult times for the company. In our exclusive interview, he talks of the relationship between Bridgestone/Firestone Inc. and Ford. However, since the interview, this attitude changed dramatically, with Bridgestone/Firestone Inc. ending its business relationship with Ford. Our follow-up article after the Lampe interview traces this change in attitude and the increasingly-bitter war of words as the companies try to pin the blame on each other.
Continue ReadingTyre Hearing Claims Disputed By Goodyear
Goodyear has disputed data cited at the congressional hearing into the Ford/Firestone dispute. The company claims to have submitted its own safety data and is questioning the committees interpretation of the data they have already received. According to Goodyear the Ford data of damage claims of five parts per million is based on a Ford standard and that a damage claim does not reflect a defect. Goodyear added that the use of relevant data and comparisons by the committee will remedy any consumer confusion of fears.
Continue ReadingApproval For Continental By Jaguar
Continental Tyres has gained approval for fitment of its ContiSportContact and CH95 tyres for the new Jaguar X-Type. The sizes are 225/45 R17 V (ContiSportContact) and 205/55 R16 (CH95).
Continue ReadingJittery Ford Drop General Ameri*550 AS
Ford has reacted quickly to the NHTSA defect investigation into the General Ameri* 550 by dropping the brand from its replacement campaign. The General Ameri*550 was one of the brands being used to replace the recalled Firestone Wilderness ATs which have been deemed unsafe by Ford. However, Ford stated that the tyre was performing well on the F-series pick up, where it is fitted as original equipment.
Continue ReadingMcLaren Considering Changing Tyres
Although happy with the performance of Bridgestone tyres, McLaren are said to be considering switching to Michelin next season. The Michelins have performed well for competing team Williams, but are said to need further development. McLaren feel that any improvement in performance from the Michelins could put them at an advantage against arch-rivals Ferrari.
Continue ReadingMore Difficulties For Ford In The US
First came the second tyre recall with costs up to 3 bn $-US, secondly the extended guarantee due to problems with ignition systems, and thirdly many quality-related recalls of new car models, all of which have cost Ford a lot of its expected profit. Therefore the management has announced early retirement for up to 5000 white collar workers in the US. This is seen as the first step in a major restructuring in North America, where Ford has announced about 13 p.c. fewer new registrations compared with the same time last year, whereas the market in general shows only about 5p.c. fewer registrations of new cars. Analysts from Wall Street have already greeted Fords latest decision positively.
Continue ReadingOne Million EMT Sales In 2002
Goodyears EMT (Extended Mobility Technology) tyres are the most popular run-flat tyres sold as original equipment. For next year, Goodyear is expecting new record sales of one million EMT tyres to car manufacturers.
Continue ReadingCo-operation Between Michelin and Bosch
Robert Bosch GmbH (Stuttgart) and Michelin (Clermont-Ferrand) have announced a long-term strategical partnership in the development and distribution of integrated driving dynamic management systems. The co-operation covers the fields of research and development as well as the introduction of product to the market. Both companies have identified working areas for the basis of common developments and synergies.
Continue ReadingThird Quarter Sales And Earnings Down For Bandag
Bandag Inc. has announced falls in sales and net earnings for the third quarter, compared to the same period last year. Turnover fell 3 per cent to $261.7 million and earnings were down 18 per cent at $14.6 million. Chairman and CEO Martin Carver blamed the economic downturn in truck tyre markets worldwide for declining volumes. Despite this, Bandag maintained its margins, with the exception of the ultra-competitive European market. Carver does not foresee recovery in the truck tyre business any earlier than the second half of next year.
Continue ReadingHow Kraiburg Regards the Future Of Retreading
Even before the dramatic changes in the worldwide economy after September 11th, the retreading business, as well as its suppliers, was facing hard times. Reduced demand, increased competition and price pressure characterised the depressed market. It was not unusual for material suppliers to experience a decrease in their third quarter results of around 20 percent. Uncertainty, pessimism and negative forecasts represented the collective mood in wide areas of the business. But Kraiburg, the Geretsberg (Austria)-based retreading supplier, is swimming against the stream and reports stable economic results and new strategic activities to meet future market challenges. Kraiburgs turnover in 2001, up till end October, is just half a percent below the companys performance for the first ten months last year. In addition, an agreement for a joint venture with the Bulgarian company Zebra was finalised in October. Since 1997 the Sofia based company Zebra has produced thin and light tread patterns which would have been uneconomic to produce in Austria. Kraiburg has invested around one million Euro in Zebras tread pattern production and 95 percent of the joint venture shares belong to Kraiburg. Within the next two years the Bulgarian production will be increased from 800 to 1,800 tons per year – using the same machinery and equipment.
Continue ReadingAgritechnica 2001
Agritechnica is the largest agricultural exhibition in Europe and the 2001 event was held in Hanover from 13th to 17th November. This year’s show area has increased by 4% to a total of 196,000 square metres and more than 1,300 exhibitors from 30 countries showed their goods and services. The exhibition showcases the latest advances in technology for modern agriculture, including tractors, other agricultural machinery, accessories and spare parts. Included in these are tyre manufacturers who offer agricultural tyres, with such famous names as Continental, Goodyear, Michelin, TWS and Vredestein, among others. Agritechnica usually proves a great draw for those involved in agriculture; this year with 247,000 visitors 9.5% more came through the doors than two years ago, 34,000 of these coming from 100 countries outside Germany, and similar levels were expected this time around. The November date for the show is well-timed, as this is the time of year when many farmers are planning their investments for the coming season.
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