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Cooper Tire says it is “outraged” at the implication in recent press reports that there may be an investigation into its tyres. The company says that it has not been contacted by the National Highway Traffic Safety Administration and there are no reasons for a recall. Furthermore, Cooper says it would be pleased to furnish the NHTSA with its records and data if required, and these data would confirm that the company’s tyres are safe.
In February Reifen Gundlach GmbH organised the “GT-Radial Tour 2000”, a trip to GT-Radial’s country of origin. The name is a brand of radial tyres (car summer/winter, van, light truck, off-road) produced by the Indonesian tyre manufacturer Gajah Tunggal. Under the brand name “Gajah Tunggal” the company also produces cross-ply tyres for trucks and buses as well as industrial tyres and motorcycle tyres under brand names “Nitto Tyre” and “IRC”. In Germany GT-Radial tyres have been sold exclusively by wholesaler Reifen Gundlach (part of the Japanese Itochu group) for about six years. During the event the tyre manufacturer presented (among others) two new tyres, “Preciro” (available from May, eleven sizes, series 60 and 65) and “Classiro” (QIII/2000, seven sizes, series 70). The current range of products has also been enlarged by new sizes/versions and the Indonesians also become increasingly interested in the small transporter and van segment. When Gajah Tunggal speaks of the intention to enter the radial truck tyre business, the company is probably taking the long view. Further volume growth in the winter car tyre segment is targeted, too. Especially in Germany, one of the most important markets for the company anyway. The export business (80 to 90 p.c.) in GT-Radial tyres is (more than) vital for the manufacturer, since sales figures in the non-radial tyre segment have fallen sharply due to the Asian crisis.
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.
The tyre can no longer be regarded as an isolated part of a car but is integrated into an increasingly complicated network or system. Progress in electronics especially has been revolutionary and has enormous influence on the work of tyre technicians. The engineers have to think in systems and integrate the tyre into all parts of the motive power of the car. Between the two corners “tyre wheel system” and the engine, is a wide field which the car makers and their suppliers are exploiting step by step. Immediately next to the tyres are modules such as brakes, shock absorbers and axles. Around the tyre is the “chassis”. The producers of certain of these elements in the past developed their own product without contacting the producers of neighbouring chassis parts. They were driven by their customers in the car industry, who gave information about the performance of the product with the target that all the parts should be compatible. As development progresses, this becomes harder and harder. In the future the suppliers will be forced to cooperate one with another, in order to make the best possible technology available for the car.
New Internet linked initiatives and on-line transfer of all Pirelli company processes were announced today by the company’s board of directors. The e-Pirelli project to has been assigned an investment of 2 billion lire for the period 2000-2002.
Bridgestone/Firestone has announced that it is to recall 62,000 tyres sold in the Venezuelan market at an estimated cost of US$ 6.4 m. The tyres have been linked with 60 deaths in the country. The consumer protection agency is recommending investigation into charges of possible criminal negligence against Ford and Bridgestone/Firestone, plus a number of civil law suits are planned.
From the spring of 2000 the new ContiPremiumContact will gradually replace the ContiEcoContact CP as the tyre for top-class cars. With this new summer tyre Hanover expects a significant increase in the replacement and the original equipment business in tyres with speed categories of 190 km/h and above during the next few years. The new tyre was presented to the international trade press in mid-February. A study undertaken by the development/consultancy “Institut für Sensorikforschung und Innovationsberatung” has established that the first and foremost user requirement of a tyre is safety. By which he means aquaplaning protection, short brake distances, steering precision, roadholding and tracking stability. With three construction specifications – an innovative bionic contour emulating a cat’s paw that extends in width when the brakes are applied, an asymmetric tread pattern and a third-generation silica compound – the PremiumContact wants to fulfil these requirements. Continental is seeking a total of 37 original equipment approvals from 14 vehicle manufacturers with the PremiumContact – available in eleven different 16 and 17 inch sizes. In the replacement business the ContiPremiumContact will initially be launched in 13 sizes, a 75 p.c. market coverage, according to the manufacturer. The new tyre will be positioned at the same price level as its predecessor.
The Michelin brand is strong in tyres, maps, tourist, hotel and restaurant guides. The Michelin brand name is an asset in itself, so together with The Licensing Company (TALC, London) the tyre maker will target other consumer goods’ markets through a licensing programme using the brand name and also Bibendum, the Michelin Man.
Analysts are recommending investment in GM rather than Ford. Ford is under the public microscope and the focus of analysts. This week, the shares have fallen 13%, representing damage to the group of more than US$ 10 bn. The management is accused of having known about the problems – which have led to the voluntary recall of Firestone tyres – for around two years. Consumer groups and official authorities want an answer to the question whether Ford has worked (ie changed or improved) on the suspension of its vehicles in Venezuela in order to overcome the problems there. The reaction at the stock exchange has probably gone far too far, as, even if the company had to mount a vehicle recall, the figure of US$ 10 bn is too high. The real costs, if any, would be in the region of US$ 1 bn or less.
This news is not brand new, but it has far-reaching consequences for the German tyre retail business. Tyre brand obligations which are usually signed in the vehicle documents are without legal force since this February and from now on will be regarded as recommendations. This means that on the one hand the owner of the car is responsible for the legally correct set of tyres on his car but on the other hand the tyre retailer is also responsible: if he makes a wrong recommendation which leads to an accident, he could be held liable, at least in part.
Even more so than the original symbol of tyre maker Goodyear – the “Wingfoot” – the Goodyear Blimp has become a corporate icon. In June 1925 the “Pilgrim”, first of what was to be hundreds of Blimps, was launched at Wingfoot Lake airship facility near Akron, still headquarters of the world’s # 1 in tyres.
The Cooper Tire & Rubber Co. has reorganised its Tire Group, naming three divisional presidents. Mark Armstrong is president of the North American Tire Division. D. Richard Stephens is president of the International Tire Division and Larry Enders is president, Commercial Products Division.
Following an increase in turnover from US$ 3 billion to US$ 3.5 billion, which incorporates US$ 577 from acquired Dunlop activities, Goodyear has reported a net income of US$ 63.6 million for the first quarter of 2000. The company sold 54.8 million tyres during this period, which is 9.1million more than in the corresponding quarter last year. 8.9 million of this total were manufactured by Dunlop. And as result of this quite impressive report anticipated by the market Goodyear shares have recovered recently.
Michelin has released its financial results for the first half of the year, confirming the disappointing message given earlier. Turnover was 7,377 m Euro (first half of 1999: 6,488) and operating profit 540 m Euro (596). Increased raw material costs and a weak Euro were blamed as contributing factors, but Michelin says that the results do not fully reflect progress made in increasing competitiveness.
Avon Tyres’ new Azaro II motorcycle tyre performed well in a series of tests conducted by Motor Cycle News, the UK’s leading bike newspaper. Seven brands were tested on six different motorcycles and the Azaro was placed first or second in these.
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