Administrative Receivers Appointed For Finelist PLC
Administrative Receivers have been appointed to Finelist plc and its trading subsidiaries, which includes Motorworld. Finelist produces motor components and has a turnover of 500 million Pounds. The company employs almost 5,500 people in 600 UK locations. The receivers hope to sell the business as a going concern.
Continue ReadingClosure Of Bridgestone US Factory “Cannot Be Ruled Out”
Quoted in the Asian Wall Street Journal, Bridgestone President Yoichiro Kaizaki said that the companys factory in Decatur could be temporarily closed, should improvements need to be made. Mr. Kaizaki also said that permanent closure of the plant could not be ruled out.
Continue ReadingNo Production Problems at Firestone
Investigations at Bridgestone/Firestone plants in the US have revealed no major production process problems, according to Yochiro Kaizaki, company president. He also admitted that there may not have been up to standard and that, the probability of low safety tyres may be higher. Speaking of the alleged tyre related accidents, Mr. Kaizaki added that, even with experts involved, it is hard to determine whether it is design, production, driving or car related. If we are asked if the tyres are defective, we can say that legally there are no defects. In spite of this statement there are signs that Bridgestone/Firestone are preparing to make out of court settlements with alleged victims.
Continue ReadingTyres In Motorsport
For companies such as Michelin, motorsport plays a very important role in the development of the tyres eventually sold to the public – even if they are very different from those used on the track. Involvement in motorsport has two obvious benefits; publicity and proving technological superiority. There are other benefits though; it offers an extreme training ground for skilled engineers, developing team skills and experience at the limits of tyre technology, and knowledge which cannot be gained elsewhere. Products developed for the race track will never find their way directly on to road-going vehicles. However, many elements of motorsport tyres have found their way into commercial tyre products – compounds, Kevlar and Aramid fibres – whilst rally events supply information about tread design, puncture resistance, rubber hardness and thermal resistance. Motorsport also offers a test bed for simulation procedures. Development is tried out on the virtual test bed and trial tested in the most extreme conditions imaginable. From a tyre manufacturers point of view motorsport is about getting a set of tyres to complete the race and cross the line in first place – the rest of the car is only a means to that end. The tyre must be designed to last for the duration of the race. It therefore can and will have a completely different set of design criteria from a road tyre, which has to undergo 25,000 miles and more of driver abuse, function in many weather and road conditions, and give warning when approaching their limits. The race tyre is designed to carry out a single race at maximum power for the duration of its working life. Read more about this topic in the December issues of NEUE REIFENZEITUNG or TYRES & ACCESSORIES.
Continue ReadingShare Movements In The Tyre Industry
In the last few months Michelin, and to a lesser extent, Goodyear, have seen a growth in shareholders, although this has not helped to boost their share prices. The clear winner in terms of price gain was Pirelli. The shares of Continental, Bridgestone and Cooper were not in demand – surprisingly in Coopers case, as the company made a profit like in the year before.
Continue ReadingShare Prices At A Low Point
With the exception of Peugeot, Porsche and Beru, other share prices from automobile and tyre companies have fallen to an all-year low. Companies in this category include DaimlerChrysler, Volkswagen, Kiekert, Delco Remy, Delphi, Phoenix and Johnson Controls, as well as Continental, Cooper, Yokohama, Toyo and Goodyear.
Continue ReadingBridgestone Links Up With French Antivibration Specialist
Bridgestone has announced the formation of a strategic alliance in antivibration automotive components with Paulstra, the automotive antivibration sector of Hutchinson, a subsidiary of TotalFina in France. The objective of the alliance is for both companies to jointly develop new antivibration products at both the companies manufacturing plants around the world.
Continue ReadingMichelin Out Of The CAC 40?
There is speculation among analysts that Michelin and Valeo could be dropped from the CAC 40. Continental has been ousted from the DAX Index and Goodyear from the Dow Jones Index recently.
Continue ReadingWOCO Michelin AVS
Michelin AVS (49%) and WOCO AVS (51%) have founded a joint-venture group for cooperation in the field of car vibrations. The combined turnover of the new company is around 250m Euro.
Continue ReadingBridgestone/Firestone Price Increases
Similar to other tyre manufacturers, on 1st January 2000 Bridgestone/Firestone officially announced price increases of 3% for passenger car tyres and 2% for commercial tyres. The effects of this increase are now visible in the German replacement market.
Continue Reading“Product Range 2000” of Marangoni
At the beginning of April Marangoni, the Italian tyre manufacturer, broadened its tyre range in the high-performance sector by seven new sizes within the product programme 2000. Top of the summer tyre series is the Zeta ESC, a low-profile tyre with a directional tread pattern approved for speeds up to 270 km/h, which had five new 17-inch sizes added. Two more sizes were introduced to the second product line, Heron, making a total of 25 sizes in aspect ratios 65, 60, 55 and 50 and speed indices from H to W. On the occasion of these new introductions Marangoni invited the European trade press to Rapallo on the Italian Riviera, where questions were answered not only about the latest additions but also about the past, present and future of Marangoni Tyre S.p.A. When all is said and done, Marangoni is a kind of outsider in tyre production matters, hoping to raise the degree of international awareness and acceptance by its presentation. The production of new tyres (the Marangoni and Stunner brands) for cars, trucks and small transporters is one of the business units of Marangoni Holding, best known for its divisions Marangoni Tread (production of materials and technology for retreading) and Marangoni Pneumatici (retreaded tyres),which last year generated a turnover of 400 billion lire. The Marangoni Tyre share of the consolidated annual turnover of the group of companies is a quarter, according to Andrea Vassura, managing director and board member of Marangoni Tyre S.p.A.
Continue ReadingBridgestone OE Success At Ferrari
The Bridgestone Potenza S-02 is the oe tyre for the new Ferrari 360 Modena. The sizes are 215/40 ZR 18 (front) and 275/40 ZR 18 (rear).
Continue ReadingRecord Results For Hayes Lemmerz
Hayes Lemmerz, the worlds leading supplier of wheels, has announced record 1999 fourth quarter and full year figures in both earnings and sales. The strong expansion of the wheel business (especially aluminium wheels) and the acquisition of CMI are the main reasons for the good results. Hayes Lemmerz also announced the contract for its sixth wheel/tire assembly facility: for BMW in Munich.
Continue ReadingNo Re-arrangement Of Continental/Michelin JV
Continental spokesman Peter Schwerdtmann has denied reports that Continental and Michelin are planning to re-arrange or discontinue their two-year-old joint venture which includes combined purchasing of raw materials and Michelins share of Barum. The teamwork between both companies is excellent, he said, and the joint venture will continue. Terms to form the basis of a new settlement would have caused problems because of the brand rights for Uniroyal, owned by Michelin, but produced in Europe by Continental, under licence.
Continue ReadingGoodyear File Impressive First Quarter Figures For 2000
Following an increase in turnover from US$ 3 billion to US$ 3.5 billion, which incorporates US$ 577 from acquired Dunlop activities, Goodyear has reported a net income of US$ 63.6 million for the first quarter of 2000. The company sold 54.8 million tyres during this period, which is 9.1million more than in the corresponding quarter last year. 8.9 million of this total were manufactured by Dunlop. And as result of this quite impressive report anticipated by the market Goodyear shares have recovered recently.
Continue Reading
