No News Would Be Good News
The Wall Street Journal questioned whether Goodyear acted too slowly, or put cost before safety regarding the tyre problems in the USA. Samir Gibara, for Goodyear stated, Our engineers determined that the tyres were not defective, so there was no recall. The outcome of the case could have a serious effect on the way in which manufacturers introduce quality improvements to their ranges in future.
Continue ReadingFirestone/Ford Issue Hits Courts
Lawyers from both plaintiffs and defendants argued in front of a panel of federal judges in Washington as they tried to decide how to deal with the 200 pending lawsuits. The judges will decide within two weeks whether to combine all the evidence and gather all the suits in one process. Ford, Firestone and lawyers for some plaintiffs argued for consolidation, saying it would simplify the process. Others say it might drag out the process unnecessarily. The multi-district panel hearing has caused the postponement of a hearing scheduled for 16th October. This latter case being sought by the Center for Auto Safety (Ralph Nadars organisation), seeks to widen the recall of Bridgestone/Firestone tyres. The alleged death toll has risen to 119, with injuries increasing to 500, according to the National Highway Traffic Safety Administration.
Continue ReadingNew Developments At Nokian
Nokian Tyres introduced its new intelligent tyre technology system to the press in Essen. It will communicate directly with the drivers mobile phone, sending real time data on tyre pressures without the need to install any extra equipment in the vehicle. Furthermore two new tyres that will be available next spring were presented: The NRZi with speed index W and an asymmetric and directional tread pattern is designed to meet the demands of high-performance cars. The van tyre family will get a new member with the NRC2, the tread profile of which will be 10 per cent wider than that of its predecessor.
Continue ReadingBusiness As Usual At Cooper Tire
US-tyre manufacturer Cooper increased turnover during the first nine month by 17 % compared with the same period in 1999 to 1.3 bn $. This figure includes 123 million $ coming from Oliver, the retreading company which was purchased some months ago. It is said that Oliver has lost its biggest customer, forcing the company to search aggressively for new opportunities. Surprisingly or not: Cooper again managed an Operating Profit in the Tire Division of 10.4 % (last year 11.5 %) but there is the need for some restructuring in the non-tyre field.
Continue Reading3.8 Million New Car Registrations
The association VDA has calculated that 3.8 million new cars were registered 1999 in Germany; 2% more than in 1998. The association is expecting a decline in registrations for the year 2000 of between 2 and 5%.
Continue ReadingFinelist In Bid Rumours
There are rumours that an unnamed rival from continental Europe is to make a takeover bid for Finelist, the UK-based distributor of car components. Finelist has 40,000 trade customers and, during the last financial year, made pre-tax profits of £26.3 m (Euro 43.6 m) on a turnover of £483 m (Euro 801 m).
Continue ReadingGlobal Car or Not?
Opinions differ: In many of their components American and European cars - as can be seen at the Detroit Motor Show – seem to be becoming more like each other. The advance in pick-ups and vans in the USA and the boom in the small(est) cars in Europe, but much more in Japan, however, leaves room for doubt that the recurring theme of the global car is a real possibility mid-term.
Continue ReadingNissan’s Xterra is US “Truck of The Year 2000”
Spokesmen of The Big Three expect auto sales this year to be about 16.5 to 17 million vehicles.
Continue ReadingCooper-Avon Adjust UK Production
Cooper-Avon Tyres has announced that it is to phase out the production of medium sized truck and bus tyres at its Melksham, UK plant. The company intends to concentrate on passenger, light truck, motorcycle and racing tyres.
Continue ReadingNew Record in Winter Tyres Sales
Never before so many winter tyres were sold in Germany. The dealers association BRV estimated 17 million units (= +15.3%) for 1999. Also the aftermarket in summer tyres was in plus (+0.9%) with 23 million in total.
Continue ReadingBad News For British OE Suppliers
The bad news for British oe suppliers continues. It is still uncertain what will happen to Rover Cars; Honda wants to cut production by more than 50 per cent, and there are rumours that Ford plans to close its Dagenham plant as a result of European overcapacity.
Continue ReadingNew Pirelli Germany Finance Chief
Michael Schwöbel (37), who has been with Pirelli since 1982, has been appointed to the board of Deutsche Pirelli Reifen Holding GmbH, with immediate effect, responsible for finance and control. His predecessor, Claudio de Conto, has been appointed Director of Planning and Controlling at the parent company in Milan.
Continue ReadingIndian Tyre Manufacturer To Be Acquired By Pirelli
As reported by the Indian magazine Rubber Asia, Pirelli has sought the expertise of Citybank for a cost evaluation of the Birla Tyre company, which has a 15 per cent share of the Indian truck and automotive tyre market. The deal, if everything goes well, is likely to be struck sometime this month.
Continue ReadingPrototype Wheel By Bridgestone And Topy
Tyre producer Bridgestone and wheel producer Topy Industries (both Japan) have announced the development of a prototype wheel for automobiles that contains a special rubber between wheel rim and disc to reduce noise and increase comfort.
Continue ReadingA New Factory For Marangoni Tyre
The May issue of TYRES & ACCESSORIES contains an interview with Andrea Vassura, managing director of Marangoni Tyre. Speaking at the launch of Marangoni’s extended range of high performance tyres, Mr. Vassura revealed that the company was planning to build a new factory with an annual capacity of 4.5 million tyres. The existing plant at Anagni, which can produce three million tyres a year, is currently running at 90% capacity. The site of the plant has yet to be decided but the choice seems to be between Southern Italy or somewhere in Eastern Europe. There are substantial grants on offer from the Italian government for those who invest in the area, but Mr. Vassura says that no decision will be made until later on in the Summer. Marangoni Tyre had been offered the Cisterna di Latina factory, recently shut down by Goodyear, but it did not meet the company’s requirements. As a profitable tyre manufacturer, would Marangoni Tyres make a tempting takeover target in these days of consolidation? Mr. Vassura has no fears about this, as the sheer size and diversity of the parent group offers sufficient protection, he believes. On the other hand, Marangoni Tyre is small enough to be flexible and allow Mr. Vassura to make decisions quickly.
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