Michelin Subsiduary Reduces Workforce In Poland
Michelin subsiduary Stomil-Olsztyn has announced that it will be reducing ist workforce by 120 people during this year. At the same time, a further 70 full time employees have reverted to part-time. Stomil-Olsztyn are located in the regions of Warmia and Mazury in northern Poland and employ around 4.000 workers who produce passenger, truck, light truck and agricultural tyres as well as tyre fabrics and curing moulds.
Continue ReadingNew Industrial Tyre Innovation From Continental
Continental has announced the development of a new concept for industrial tyres which combines the benefits of both solid and pneumatic tyres. It will be produced under the brand name of SFR 3000.
Continue ReadingReifen-Köhrich becomes Bridgestone Partner
Reifen Köhrich, the dealer which has ten outlets in Berlin, has chosen to become Bridgestones partner in the First Stop programme. The contract runs for ten years and was signed 14th March.
Continue ReadingMixed Fortunes For BMW In UK
Perhaps as a backlash following the BMW/Rover situation, and aided by lower prices for Mercedes and Audi, UK sales of BMW cars fell 20% in April. Sales of Rover cars rose 500% as Rover and its dealers acted to clear stocks because of the uncertain situation.
Continue ReadingB2B E-Commerce not a Revolutionary Subject for Michelin
Evolution for sure, revolution not at all. Thats Michelins opinion regarding the B2B E-Commerce initiative of leading global tyre producers which was announced recently.
Continue ReadingFixed Prices For Fast Fit At Renault
Renault has introduced a fast-fit and system check for cars three years and older. The check includes tyres and shock absorbers and will be extended to other Renault models shortly.
Continue ReadingPhoenix And BMW Sign Contract
The Phoenix consortium and BMW have signed a deal to sell Rover to Phoenix. BMW has contributed £500 million to the deal and additional finance has been obtained by American company Burdale Financial. It is expected that 2,000 jobs will be lost, which is fewer than would have been lost under the plan of Alchemy Partners who had pulled out of talks with BMW recently.
Continue ReadingNewlife From Empobor
Empobor (Pombal, Portugal) – own brand Borvul – roduces the value for money tread pattern Newlife, part of Michelins cold process retreading program Recamic.
Continue ReadingAnother Electronic Platform
Continental AG and Robert Bosch GmbH, together with a number of other companies, intend to create an electronic communication and transaction exchange. The reason is to simplify and speed up business transactions between automotive companies and their suppliers.
Continue ReadingMichelin In Chinese Joint Venture?
There are reports that Michelin is on the verge of forming a joint venture with Chinese tyre maker Shanghai Huayi Group Corporation (SHGC). Michelin would not comment, but SHGC has been quoted locally as saying that the deal has been done and is waiting formal government approval.
Continue ReadingBlack Figures Are General Tire’s Aim
Sales are up in the year 2000 and profits have gone like snow in the sun. That, in short, describes the present situation of Continental General Tire in North America. But red figures are not an option. Bernd Frangenberg (59) President and CEO of CGT, vigorously denied the possibility that he could be forced to inform the parent company about red figures at the end of the year. All the necessary actions have been taken to make sure that CGT remains profitable even in a difficult climate, Frangenberg declared Tyres & Accessories. Continental General Tire employs 9000 people and runs 5 factories in the US and 2 in Mexico. Last year’s turnover was about 1.5 bn Euro.
Continue ReadingThyssenKrupp Group Stopped At Stock Exchange
ThyssenKrupp is not able to bring its subsidiary steel company to the stock exchange for a reasonable price, due to current weak circumstances. Institutional investors were not sufficiently interested in the shares. The group calculated up to 4 bn Euros for the steel company. It is now unlikely that ThyssenKrupp could start a raid on Continental. The management made clear that it is streamlining the whole business and focusing, among other things, on the automotive field.
Continue ReadingNew Goodyear Polymer Plant Begins Production
Production has started at a new Goodyear Chemical polymer plant in Beaumont, Texas. The plant cost US$ 144 million and has an annual capacity of 240 million pounds of synthetic rubber and speciality polymers. It is Goodyear Chemicals fourth facility in Texas.
Continue ReadingNew President And COO For Goodyear
Goodyear Tire & Rubber has appointed Robert J. Keegan (53) as president, chief operating officer and director of the company, effective Oct 1st. Currently president, consumer imaging of Eastman Kodak, Keegans appointment reinforces Goodyears intention to focus more on the consumer, says the company.
Continue ReadingIntelligent Tyre From Nokian Links To Driver’s Mobile Phone
Nokian Tyres has developed an intelligent tyre technology system that sends real-time data on tyre pressures and temperature to the drivers mobile phone. No extra display is required inside the vehicle.
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