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15324 search results for: eco tyres

15121

SRI Plans Price Increase

Sumitomo Rubber Industries has announced its intention to increase prices from three to five per cent in the second half of the year. These increases will apply to Sumitomo brand passenger, light truck, truck and bus tyres in Asia, Middle East, Latin America and Africa and they will vary according to country and product line. The increase is necessary, says SRI, because of increasing raw material costs and follows a similar price increase introduced in January this year.

15122

Michelin keeps the splash on the road

Every professional truck driver or motorist knows about the problem arising from wet roads. Especially overtaking a truck in the wet, which can be compared to a leap in the dark with a high level of risk when the rainwater is being splashed aside by the steer axle tyres. It’s this dangerous splash Michelin aims to counteract with a world-first: the patented Anti-Splash tread pattern. With the introduction of a deflector into the tyre’s design, comprising a small horizontal rib on the shoulder between the sidewall and the tread of the tyre, the splash will be deflected back down towards the road surface. The bow wave effect, which is responsible for the visibility, and thus the safety, of the truck and the car drivers, will be minimised.

15123

Firestone and Ford go their separate ways in North America

One of the ugliest corporate feuds in the United States has quietly come to an end. After 97 years of business and even close relations between the two families, Bridgestone-Firestone delivered its last batch of tyres to the Ford Motor Co.’s Kansas City assembly plant on the first of April. This final delivery marks the ending of one of the biggest and most expensive tyre recalls – accompanied by a lot of finger pointing and heated rhetoric – ever recorded in automotive history. The trigger for this disastrous story was a number of car accidents at the end of the last decade. Accidents that were supposedly caused by deficient car tyres, produced by Bridgestone-Firestone.

15124

Bridgestone Wins GM Supplier Award

The Bridgestone group has received a Supplier of the Year award from General Motors for the eighth year running. This is in recognition of products (both Bridgestone and Firestone brand tyres) and services provided globally to GM by Bridgestone. The award was accepted by Bridgestone Corporation executive vice president Keisuke Suzuki at a ceremony held in the Miracle Theatre in Miami recently. Said GM’s vice president, worldwide purchasing production control and logistics, Bo Andersson: “The Bridgestone Group’s performance and contributions have been instrumental in helping GM to become the industry’s low-cost producer of high-quality vehicles. They serve as a role model for other suppliers.”

15125

First Quarter Loss For Goodyear

Goodyear Tire & Rubber has posted a first quarter 2003 net loss of $163.3 million, compared to a 1Q loss last year of $63.2 million. Turnover for the period was up 7.1 per cent to $3.5 billion ($3.3 bn 1Q 2002), due largely to currency translation and the loss before taxes was $135 million ($85.6 m). International tyre sales were generally good, but the tyre business in North America continued to struggle. President and CEO Robert Keegan was optimistic, however, saying that Goodyear was “aggressively cutting costs to make the business competitive.” He added: “We have much work left to do, but our turnaround is on track”.

15126

Currencies Affect Michelin 1Q Sales

Michelin’s first quarter sales fell 4.9 per cent year on year to 3.655 billion Euros. This was due to a strong negative effect (-10 per cent) due to the weakness of currencies in North and South America versus the Euro. Sales volumes rose, but income fell in passenger car/light truck (-4.9 per cent), heavy truck (-0.9 per cent) and other segments (-5.4 per cent). Despite these figures and a predicted decline in markets, financial analysts regard Michelin as well positioned to make progress, although lower profits for 2003 are forecast.

15127

Sunny outlook for Group Tyre

Group Tyre has successfully negotiated with Deldo to become the exclusive UK distributor for the Sunny brand; a tyre for which Deldo has exclusive European rights. Sunny tyres are available in 17 sizes, for wheels up to 17″, with new sizes being added as the brand develops. It joins Group’s other exclusive offerings of Stunner, Trayal and Eurotour tyres. Deldo’s decision to choose Group Tyre underlines the latter’s performance as a national distributor, furthermore, one who has the strength and ability to establish the brand in the UK.

15128

Pirelli OE On New Dodge Ram SRT-10

The new Dodge Ram SRT-10 is the latest and largest in pick-up trucks, with an 8.3 litre engine and 500 horsepower. The new pick-up will be shod with Pirelli Scorpion Zero tyres, size 305/40 22, made in Pirelli’s MIRS factory at Rome, Georgia. The SRT-10 will accelerate to 60 mph in five seconds and has a top speed of 150 mph.

15129

Cooper Tire Buys Mickey Thompson

Cooper Tire & Rubber has purchased Max Trac Tire Co, which is better known as Mickey Thompson. Max Trac leased locations in Stow (Ohio) and Temecula (California) where it distribues tyres for specialist racing applications and off road use. Cooper acquires two tyre brands with the purchase – Mickey Thompson and Dick Cepek. Cooper Tire has supplied Mickey Thompson for a number of years, providing tyres under the Mickey Thompson and Dick Cepek names. In addition, Mickey Thompson has distributed and provided trackside assistance for Cooper’s Avon racing tyres, which are produced in Melksham, England. There are no anticipated changes in Mickey Thompson’s current relationship with suppliers of tyres, wheels or other accessories.

15130

China To Deflate Rubber

Chinese government departments plan to curb the rising price of rubber on the domestic market in an effort to ease the pressure on manufacturing enterprises. The measures include proposed include; directly selling large quantities of the country’s natural rubber reserve to tyre producers, seeking possible increase of the import quota of natural rubber and avoiding the possibility of an increased import quota entering the futures market for speculation.

15131

Deldo And Group Tyre Outlook Sunny

Group Tyre has successfully negotiated with Deldo to become the exclusive UK distributor for the Sunny brand, which will be available in seventeen sizes up to 17 inch, with new sizes being added as the brand develops. Deldo, who have exclusive European rights on Sunny, took the decision to partner with Group Tyre based on their proven credibility as a national distributor. The addition of Sunny to Group Tyres’ existing exclusive brands, Stunner, Trayal & Eurotour, is another positive step forward in their continued expansion programme and further enhances their reputation as one of the UK’s leading independent distributors to the fast fit industry.

15132

Ex-Pirelli Man Proposed As Fiat Chief Executive

Giuseppe Morchio, a former executive at Pirelli Tyres, has been invited to become the new chief executive of Fiat. This follows the appointment of Umberto Agnelli as chairman, taking over after the death of his brother Gianni last month.

15133

Michelin management optimistic for future profits

Although turnover decreased by 0.8 per cent in 2002, compared with previous year, the Michelin group outperformed even analysts highest expectations with an operating income of 1.225 billion Euros (which is 7.8 per cent of turnover, and 18 per cent more than 2001). Net profit more than doubled to 614 million Euros. At the same time, management succeeded in reducing the debt mountain by more than one billion Euros – all within one year. Consequently, Michelin continues to be the best-earning tyre company worldwide.

15134

Bridgestone Profits Doubled In 2002

Japanese tyre giant Bridgestone Corporation has reported a strong rise in net profit for the year ended December 31, 2002, and predicts a gain for 2003 as well, even though it warns that business conditions are getting tougher. Bridgestone’s group net profit more than doubled to US$378 million, from US$145 million, on brisk overseas sales. Group sales climbed 5.3 per cent to US$18,700 million, with pre-tax profit jumping 99 per cent to US$1,233 million. For the year to December 2003, the company said it expects group net profit to come to US$584 million, the same mark it initially set for 2002. It forecasts pre-tax profit to shrink to US$1,042 million and sales to slip to US$18,682 million. Bridgestone is boosting its capital spending in 2003 by more than 60 per cent to US$1.6 billion. The company’s president, Shigeo Watanabe, said the investment is aimed at boosting output capacity in Thailand and Poland, as well as upgrading each plant in Japan.

15135

Pirelli Preliminary Results Show Mixed Picture

Pirelli has released details of its unaudited results for 2002. Group revenue was 6.3 billion Euros, 11 per cent down. This was attributed entirely to the crisis in world telecoms market. The Energy Cables and Systems sector showed a drop in sales to 3 bn Euros (2001: 3.52 bn). The Tyres sector continued to grow, up 9 per cent to 2.85 bn Euros. The Telecoms sector showed a fall to 460 million Euros (2001: 1.2 bn). Group consolidated EBIT was 117 million Euros (2001: 295 m).

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