Kaizaki Dismisses Bankruptcy Rumours
At a press conference, Bridgestone president Yoichiro Kaizaki dismissed rumours that claims for damages in the USA could force Bridgestone/Firestone Inc. into bankruptcy. The company has set aside $450 million to cover claims and any extra needed could come from the US companys reserves, estimated at $2.3 billion. Despite the reassurance, Bridgestone shares fell by over 13 per cent in Tokyo.
Continue ReadingGeneral Manager For Goodyear US Retreading Operations
Armond Boyes has been appointed general manager of Goodyears North American retreading operations. Boyes is responsible for overseeing Goodyears Next-Tred retreading program, including the design, development and sales of Next-Tred products and the installation of retread plants throughout North America.
Continue ReadingGoodyear Supply Problems Continue
Goodyears fill rates in the USA remain low. Dealers are very unsatisfied and are making their opinions strongly known.
Continue ReadingPirelli: Investments In Telecommunications And Internet
According to Italian financial analysts Pirelli will use the US$ 2.15 bn received from the purchase by Cisco of their Terrestrial Optical Networking Systems for investments in telecommunications and the Internet.
Continue ReadingFocus Named ‘Car of the Year 2000’ In USA
Journalists at the Detroit Motor Show have voted the Ford Focus Car of the Year 2000. The Focus is produced in Germany, Spain and the USA.
Continue ReadingIs Goodyear Ignoring European Rules?
The Italian Goodyear factory should close in March. EU officials have criticized the American company for not considering the rights of the employees involved.
Continue ReadingEDI Connects Tyre Retailers And Industry
At the beginning of February, German tyre dealers and the tyre industry signed an agreement that will introduce EDI (Electronic Data Interchange) as the uniformed system of electronic communication between the two business partners throughout the country.
Continue ReadingThailand Investment By Michelin
Michelin and its local joint-venture partner Siam Cement has announced an investment of THB 3,82 billion in their Laem Chabang production plant near Bangkok. The development will double the capacity to 6.12 million passenger and light truck tyres a year. Michelin Siam also operate an additional two plants in Thailand providing production of truck, earthmover and motorcycle tyres.
Continue ReadingContinental Profit Figures Continue To Improve
Continentals profit figures have improved for the sixth time running. Group turnover was 9.13 billion Euros (including Continental Teves business for the first time). EBIT rose to 511 million Euros.
Continue ReadingCASCAR Supplied By Goodyear
Goodyear announced that it is to be the official tyre supplier to the Canadian CASCAR Castrol Super Series, underlining the companys commitment to stock car racing. Special Eagle tyres were developed in Akron and manufactured at the companys racing tyre plant in Chile.
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 ReadingGeneral Motors Award For ContiTech
After last years success, Continentals business unit ContiTech has again been awarded Supplier Of The Year by the American General Motors Corporation. ContiTech Vibration Control won the prize for supplying damping elements for the engines of Opels Astra, Omega and Vectra.
Continue Reading“Only Over My Dead Body” – Goodyear And Dunlop Brands Remain In Competition
Sylvain G. Valensi (58), who has 34 years service with Goodyear, latterly as Vice President Goodyear Europe, has, since the joint venture with Sumitomo Rubber Industries (SRI), assumed the role of Vice President of Goodyear Dunlop Tires Europe. Talking to this magazine during the recent Reifen 2000 exhibition in Essen, he stressed that the major brands Goodyear and Dunlop will remain independent and will almost be in competition with each other.
Continue ReadingJoint Venture For PAX and EMT Formed By Goodyear And Michelin
Tyre giants Michelin and Goodyear are to work together in the future on their run-flat systems PAX and EMT. A joint venture company has been formed, based in the Netherlands.
Continue ReadingMontinex In Administrative Receivership
On Friday 4th August, the Montinex tyre retail group went into Administrative Receivership. Discussions with potential purchaser Stapletons Tyre Services broke down last month. The parts of the Montinex group in Receivership are Chessington Tyres, Malvern Tyres, Northway Tyres and Charlie Browns Autocentres, totalling some 144 retail outlets. It is hoped to sell these as a going concern. Fleet Tyre Management is not in Receivership and is continuing to trade. Montinex turns over £86m annually and employs 840.
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