New Pressure Monitoring Agreement for Goodyear
Goodyear has developed an agreement with Phase IV Engineering of Boulder, Colorado aimed at fully developing a tyre pressure monitoring system. After the recent agreements with Michelin and Cycloid Systems this is the third such agreement Goodyear has completed. The long term aim of this strategy is not only to develop a fully operational system, but to extend Goodyear beyond the automotive tyre field.
Continue Reading33rd Essen-Motor-Show International
From the 1st till the 10th of December the 33rd Essen-Motor-Show-International opened its gates. For ten days, more than 550 exhibitors in 18 exhibition halls were showing the whole range of individual vehicle models for the world market and the broad palette of vehicle accessories. The Essen-Motor-Show enjoys the international reputation of being the biggest and most comprehensive show for automobile tuners. The tuning business is booming in Europe. Whereas the German passenger car market has decline by more than ten per cent this year, the tuning companies are reporting increasing turnovers. After 7.8 billion DM in the previous year it is expected that the eight billion DM benchmark is going to to be reached this year. But the tuning business guarantees not only high net earnings, it guarantees jobs as well. In 1999 the sector employed 18.000 people. For the car tuners the Essen-Motor-Show is traditionally the most important platform for presenting their products. The exhibitors have shown numerous world premieres in Essen. A review on this event is features in the December edition of NEUE REIFENZEITUNG.
Continue ReadingProfit Warning Announced By Vredestein
In a reversal of a previous prognosis, Vredestein NV this year will be facing substantially lower profits and a weaker cash flow situation than in 1999. However, the board declared that losses are not expected.
Continue ReadingGoodyear Top Management Under Pressure
The sharp drop in prices of Goodyear shares over the past three months has put extreme pressure on Goodyears top management. Possible reasons for the drop include increased raw material costs and apprehension among shareholders that the Dunlop acquisition could have a negative impact on results in the year 2000.
Continue ReadingJames Fish becomes Goodyear’s Vice President Global Human Resources
Effective today, W. James Fish, formerly executive director of human resources customer operations at the Ford Motor Company, becomes Goodyears senior vice president, global human resources, reporting to Sam Gibara, chairman, chief executive officer and president
Continue ReadingEUROC for the Chop?
After the STW race series, the new European Roadster Challenge (EUROC) is also under threat. As it seems that the German Touring Car Championship (Deutsche Tourenwagen Meisterschaft) will be successfully revived this year, well-known drivers anticipated to take part in EUROC have begun to look elsewhere at the last minute. Who will be equipping the Touring Car Championship teams with tyres is also not yet clear, although an exclusive contract is talked of, with auto motor und sport magazine already naming Dunlop. On the other hand the involvement of the Michelin subsidiary BFGoodrich in the EUROC series seems to have come to nothing even before the first race, unless Bernie Ecclestone can be persuaded to allow these cars, in which immense sums have already been invested, to take part in the Formula One circus.
Continue ReadingMercedes and Vergölst
Especially for Mercedes-Benz customers buying new commercial vehicles Vergölst offers a breakdown service all through the night for a fixed price.
Continue ReadingKiekert and Phoenix Stay In German MDAX
Contrary to rumours, Kiekert and Phoenix, two German automotive suppliers, will remain among the top 110 German companies in the MDAX.
Continue ReadingVredestein To Produce Bicycle Tyres In Malaysia
Vredestein BV has announced an imminent joint venture with Fung Keong Rubber Manufactory in Malaysia, for the production of bicycle tyres. Production will take place at a new local site. Ian Wilson, Managing Director, Vredestein UK informed TYRES & ACCESSORIES The new venture with Fung Keong represents a step forward in the right direction and highlights our policy of continually exploiting lucrative market opportunities.
Continue ReadingA New Force In UK Tyre Distribution
Two Continental-owned UK wholesalers, Viking Express and Birkenshaw International, have merged to form Viking International. The new company is one of the UK’s largest wholesalers and will operate from twelve warehouses across the country. In charge is Alan Revie, who was MD of Birkenshaw, and he will be assisted by Grahame Rooke, who held a similar role with Viking. There will be no redundancies among the 260-strong workforce. The decision to merge was taken by Continental in Germany and was implemented very quickly, although the two companies have experience of working together, for example as suppliers to the tyre expert programme. Alan Revie is keen to point out that the merger is not the result of panic, nor is it a defensive measure, as both companies were successful in their own right. Instead it is a conscious attempt to create a single force to give a better service to customers. The merger is effective immediately, although it will obviously take time to sort out new livery and new signage. More details are available in the April issue of TYRES & ACCESSORIES.
Continue ReadingVan den Ban Acquires Majority Shareholding In Reedijk Banden
Under the terms of the agreement Reedijk Banden Import will operate autonomously and current managing director, Marcus Reedijk will retain responsibility for the day to day running of the company. The Van den Ban group expects to realise a much stronger market position for its wholesale tyre activities. As a result of the acquisition the turnover of Van den Ban Autobanden B.V. is expected to rise to Euro 160 million.
Continue ReadingTitan Sells Assets
Titan International (Quincy, Illinois) has sold its OE business in lawn, garden and ATV wheels and tyres to the Carlisle Corporation for approximately $ 95 million.
Continue ReadingPirelli Hold Truck Tyre Day In Cairo
Pirellis Truck Tyre Day 2000 took place last weekend in Cairo, Egypt. Managers of Pirellis truck tyre division met with around 100 trade press journalists.
Continue ReadingRisers And Fallers In May
Goodyear, Toyo and Cooper were the losers in mid May, although Toyo shares – like those of Pirelli – had increased in the beginning of the month. In the automotive industry, BMW, Mitsubishi and Volkswagen were the heaviest losers. But the shares of DaimlerChrysler, General Motors, Honda and Toyota lost as well. DaimlerChrysler, Fiat and Volvo even fell to an all year low.
Continue ReadingStock Exchange: Goodyear Is The Loser
In the first week of July Goodyear shares were down, while Bridgestone, Michelin and Toyo Tires were all winners. Only a short time before, at the end of June Goodyear and Michelin shares had gone down as well as car manufacturers Mazda, General Motors, Volkswagen and BMW lost drastically. Mid June almost the same situation: Goodyear going down (this time Bridgestone and Cooper too) leaving only Yokohama as a winner.
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