Michelin Is Determined To Become Number Two In Asia
At a shareholders meeting Michelin Chairman Edouard Michelin announced that the French tyre maker is determined to become number two in Asia before 2005.
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 ReadingEarnings Of Hayes Lemmerz Impacted By US Truck Production
Hayes Lemmerz International has announced results for the first six months of 2000. Sales were $1,138 million ($1,132), diluted earnings per share were $ 0.73 ($ 0.93). Business was impacted primarily by the drop in heavy truck production in the United States, coupled with the devaluation of the Euro against the Dollar.
Continue ReadingAvon Builds World’s Biggest Bike Tyre
Avon has produced the biggest motorcycle tyre ever made. It is a 250/40 - 18, nearly ten inches wide and does not fit any known motorcycle. Avon says it wants to inspire custom designers to create a bike which will take the tyre.
Continue ReadingNow Continental General Tire Responsible For 18 Deaths?
Tyre failures of the product General 52 S for the Ford Bronco are responsible for the deaths of 18 people, say lawyers in the USA who have filed a law suit against the Group. The lawyers also claim that Continental has deliberately covered up safety faults. Continental rejects all accusations and claims that it has cooperated fully with the NHTSA at all times.
Continue ReadingInterview With Edouard Michelin
There is hardly any international group, that has managed such drastic changes within such a short time, as Michelin. Not least, thanks to the world-wide success of radial tyres, François Michelin (74) was able to make the French tyre manufacturer a global player. His single-mindedness, with which he backed the product and its technical superiority, has resulted in a product- or manufacturer-driven group. It doesn’t matter therefore, if this group is No 1 or only 2 in today’s ranking of the world’s biggest tyre companies, considering that ranking can change quickly. Handing the leadership of the group over to his son Edouard (37), a process started years ago and now finished, has meant more for the company than just a change from old to young, from one generation to another. In keeping best with the group’s company philosophy and its assets, Edouard Michelin has been successful in creating and establishing his company as a market-driven business. At the end of September, Edouard Michelin made himself available to TYRES & ACCESSORIES for a detailed interview in Paris. The article featured in our November issue can be downloaded in full length as PDF file (size: 209 kbyte, Adobe Acrobat Reader required).
Continue ReadingRedundancies And Closures At Finelist
There are reports of redundancies and closures at car parts group Finelist, which went into administrative receivership. Rumours that 120 staff had been made redundant and that 50 Motor World car accessory shops had been closed down, were not confirmed by receivers. It is believed that over 100 companies have expressed an interest in buying parts of Finelist, with ten or so willing to buy the group as a whole.
Continue ReadingKaizaki 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 ReadingManagement Changes At Yokohama GmbH
Junichi Okishima, who has been managing director of Yokohama Germany for five years, is returning to Tokyo at the end of this year to take up new challenges within the group. His successor will be Noria Karashima.
Continue ReadingVredestein; Wider And Faster
The Dutch manufacturer has announced the introduction of a new Z and W-rated tyre later this year, aimed at sportscars and luxury cars.
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.
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