The World of Wheels
The large manufacturers of car wheels, especially those cast of aluminium, are growing ever larger. Business is booming worldwide, but the financial results of most manufacturers in this field of activity are well below those achieved in other industries. Wheel manufacturers, on the one hand, suffer from the low ratings stock exchanges accord to car manufacturers and their suppliers, and on the other, because their products are regarded as low tech. But all the time big changes are taking place in the world of wheels – in the form of new technologies and an optimisation of existing products. New wheel technologies, however, are not the only decisive factor, another considerable influence is the car manufacturers’ aggressive pricing, well beyond what many a supplier can bear. Some wheel manufacturers focus their activities on the original equipment market in the belief that it will allow them to operate more cost-effectively. Others like to commit themselves to the refit markets because they think they can thus keep their ears closer to the market and be well-placed to offer car manufacturers superior development capability. Which way is the right one, or whether both can succeed – that is something we shall only know in a few years’ time. Of course the starting position is different from wheel manufacturer to wheel manufacturer and from car producer to car producer. In the comprehensive report in this and the following (April) issues we shall outline the trends in detail.
Continue ReadingDTM Go With Dunlop And ATS
DTM (Deutsche Tourenwagen-Masters), the popular German racing series, will be revitalised this year. Dunlop is supplying all participating teams (Audi, Opel and Mercedes have confirmed their participation) with tyres. AMG-Mercedes teams, eight expected, will have wheels fitted by ATS.
Continue ReadingPopular as Ever – the Motorbike
The motorcycle industry started the millennium season on an optimistic note, when the MOTORRÄDER Fair at Dortmund opened on 1st March. Not only motorcycle manufacturers showed their new products for the year 2000, but on the total 409 stands in eight exhibition halls clothes, service and accessories were also represented. Figures produced by the German Motorcycle Manufacturers Association (IVM) confirm the abiding popularity of the motorised two-wheeler: The 187,192 new motorcycle registrations are equivalent to 6.4 p.c. growth over 1998. Not least among the accessories one must mention tyres – thus tyre manufacturers also had cause to rejoice. The industry was represented by Bridgestone, Cooper-Avon, Dunlop, Metzeler/Pirelli, Michelin and the Heidenau tyre factory showing their current products, but Continental was absent this time. Some old friends from the service sector had also turned up, among them several local companies but also Stinnes. Maybe old is not the right word for Stinnes. After its acquisition (together with Gummi Mayer) by the Danish Viborg group/the British Legal & General Ventures Ltd. the Stinnes/Mayer trade and service enterprises made their Fair début under the same corporate identity. News from the Dortmund show and more about motorbike related topics you can find in the April issue of NEUE REIFENZEITUNG.
Continue ReadingInvestments Up To 2 Thousand Billion Lire To Create e-Pirelli
New Internet linked initiatives and on-line transfer of all Pirelli company processes were announced today by the companys board of directors. The e-Pirelli project to has been assigned an investment of 2 billion lire for the period 2000-2002.
Continue ReadingMichelin Profits Forecast
Financial analysts are predicting that Michelins net profits for 1999 will be between 350 million and 661 million Euros. The reason for the unusually large spread is that no-one knows exactly what provisions will be made in the accounts to cover charges for restructuring.
Continue ReadingAlchemy Pulls Out Of Rover Deal
This morning the venture capitalist company Alchemy Partners pulled out of talks with BMW to buy the Rover Group, including the Longbridge plant. The deal was expected to be successfully concluded today. BMW has allowed one month for another buyer to come forward or the Longbridge plant will be shut down.
Continue ReadingMAST Raises Its Prices
Michelin Americas Small Tires (MAST) has announced an increase in price in the US replacement market for passenger and light truck tyres. Michelin, Uniroyal and BFGoodrich brands will all rise by 5%, along with private and associate brands.
Continue ReadingGerman Rubber Industry Growth
The German Rubber Association W.d.K. (Wirtschaftsverband der deutschen Kautschukindustrie) has announced that total sales of rubber goods increased 4.4 per cent in the first quarter of 2000. Sales of technical products rose 5.8 % and tyre sales increased 3.3 %. However, the W.d.K. continues to worry about increasing material costs (rubber, oil, carbon black).
Continue Reading“Snowprox S950” – Toyo’s New Winter Tyre
In the autumn Snowprox S950 will be available in 55/50/45/40-series. According to Toyo, which celebrates its 25th anniversary in Germany this year, the new winter tyre has (compared with its predecessor M+S 920) improved its performance dramatically.
Continue ReadingJoint Takeover Of Daewoo By Hyundai And DaimlerChrysler?
A spokesman for Hyundai said on 12th June that the company is considering a takeover of Daewoo, together with DaimlerChrysler
Continue ReadingJoint Venture Between Bridgestone And Japanese Partners
Bridgestone (tyres), Akebono (brakes) and Kayaba Ind. (shock absorbers) last week announced a joint venture to develop modules which include the above three products.
Continue ReadingLatest Truck Initiatives From Michelin
In June, Michelin UK appointed Thierry Martin as Commercial Director – Truck and, in an exclusive interview with TYRES & ACCESSORIES, he spelled out the latest efforts of Michelin to woo customers in the competitive truck tyre market. The emphasis has switched from merely supplying product to providing a comprehensive service for customers. A good example is the Michelin Euro Assist breakdown programme, where customers with tyre problems in any of 17 countries across Europe can dial one number for 24-hour help. Today’s service advisors aim to significantly cut costs for customers across the total package and double digit savings are not uncommon. Michelin’s technical advisors monitor maintenance and diagnose problems in order that the customer gets optimum usage from his tyres. Of course, in a fixed-price contract, increasing tyre life benefits the manufacturer too. The importance of the service element was underlined when Michelin won the contract to supply tyres to Transamerica Trailer Leasing (which has 21,000 trailers in its European fleet) for the next five years. The clinching argument was not the price, but the availability of service and back-up across Europe. Michelin has extended its Michelin Business Advantage (MBA) scheme, originally aimed at car tyre customers, to truck tyre buyers. MBA is a scheme whereby independent customers and Michelin sit down together to discuss how they can work together to improve the service on offer to customers, thereby benefiting all three parties. This leads to what Thierry Martin describes as a win, win, win situation.
Continue ReadingFord Award For Hankook
The Ford Motor Company in Dearborn has bestowed its Q1 award on Hankooks tyre plant in Taejon, which produces light truck tyres for Ford. The factory is located 130 km south of Seoul and produces 65,000 passenger car and light truck tyres daily.
Continue ReadingStatistics Query Firestone as Cause
According to the Washington Post, the Ford Explorer has a higher than average accident rate compared to other SUVs. The report was based on statistical analysis of national and Florida state crash statistics. The report suggests that there is evidence that there may be a vehicle related problem contributing to the accidents.
Continue ReadingHigh Brand Recognition For Goodyear During Recall
In a survey in the US, it seems that OE pull-through is an important factor and that the tyre recall has – according to Goodyear – stimulated interest in tyres. Before the recall, 36.7 per cent of respondents said they would choose Goodyear tyres and 21.4 per cent Firestones. During the recall, these figures changed to 55.2 per cent and 4.1 per cent respectively.
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