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3406

US Trade Gap Reaches Record Proportions

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The US’s total trade deficit reached a record $617.7 billion, Tire Review reports, citing the Commerce Department. In 2004 the gap widened by 24.4 per cent compare with the previous year, thanks to increased costs of crude oil and more purchases of finished goods. According to the report, purchases of cars and tyres reached all-time highs. The trade deficit even reached as far as farm products, with Americans buying more cheese, wine and food products that the US exported.

3407

Austrian Experts Test Off Road Tyres’ Winter Suitability

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The Austrian Automotive Club, ÖAMTC, has tested five winter, two all-season and one conventional off road tyre for winter performance. All products were size 215/65 R16. According to the automobile club, snow braking performance really “separated the wheat from the chaff.” At a speed of 40 km/h the all-season tyres had a substantially longer braking distance than winter tyres.

3408

Continental Results Break All Records

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Continental AG’s most recent financial results show that the company has broken all previous records, including the one billion euro EBIT barrier. Speaking to Tyres & Accessories, Continental chairman, Manfred Wennemer, explained that the company achieved the one billion euro mark, despite the costs incurred in the partial closure of the company’s Mayfield plant.

With regard to US business, Mr Wennemer said that while the company is still in deep water, the situation is considerably better than in recent years. The Continental chairman went on to speak of his belief that this area of business will break even by the end of the year, as has been suggested before.

As far as 2005 is concerned, Mr Wennemer is confident that Continental can top this year’s impressive results. Chief financial officer, Dr Alan Hippe, demonstrated this feeling of optimism when he pointed out that company debts had dropped to less than one billion euros. The company’s share value also has the potential to increase by 40 per cent in the next two years, he added. Continental shares are currently trading at 52.50 euros.

3409

NTDA Promotes ‘Cold Weather Tyres’

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In the last 12 months Tyres & Accessories has covered the ongoing winter tyre debate in some detail. Now, after the NTDA held a successful seminar alongside January’s Aftermarket Show, the topic is once again the subject of attention. The NTDA organised the seminar in response to demand from members who discussed the subject at the annual conference in Marbella. According to national chairman, Martin Rowlands, the subject of winter tyres was “by far the most popular topic,” along with the three millimetre replacement market and serving female customers.

3410

Ducati Bridgestone Test Tyres

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Ducati Corse CEO Claudio Domenicali has announced that it is to set-up a special tyre test team in collaboration with Bridgestone, reports MotoGP News.

The MotoGP project will see Japanese rider, Shinichi Itoh, become the official test-rider alongside a group of technicians, including a Ducati Corse engineer.

3411

Defective Tyres Rise on Leicestershire Roads

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Further results from the TIC’s 2004 tyre safety campaign show a four per cent increase, to 17 per cent, in the number of defective tyres in use on the roads of Leicestershire.

In 2003 Leicestershire recorded that 13 per cent of vehicles checked had at least one tyre at or below the 1.6mm legal requirement. The national average is 12 per cent.

Leicestershire Constabulary’s road safety officer, PC John Budulis said: “I am very disappointed that so many people put not only their own lives at risk, but many other people’s by driving about on defective tyres. It only takes a few seconds to check the condition of your tyres, but very few people take the time to do so. Leicestershire Police are committed to making our roads safer and will continue to enforce the tyre legislation.”

3412

Conti Gains Recognition in North America

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Continental has gained further recognition in the North American market as OE fitment to the newly declared North American Car of the Year and Truck of the Year, chosen at the North American International Auto Show currently being held in Detroit.

The Chrysler 300/300c and the Ford Escape Hybrid truck were chosen for their “innovation, value, safety, ride and handling,” reports an American news source.

3413

TIC Records Results

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Results from the North West England Tyre Safety Campaign held in October 2004 have shown “a substantial reduction in the number of danger tyres on vehicles on the roads,” according to the TIC.

Police checks identified that the number of tyres below the legal minimum tread depth had fallen by just over four per cent compared with the previous year’s campaign.

3414

Bridgestone sells tyres with unauthorized JIS mark

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Tyre manufacturer Bridgestone Corp. has sold some 130,000 tyres printed with the Japan Industrial Standards (JIS) mark even though they were not authorized to do so, Japanese media reported. The Ministry of Economy, Trade and Industry (METI) only allows industrial products to sell with the JIS title after they pass inspections from government officials. After agreeing with the Nagoya-based Inoue Rubber Co. to jointly manufacture tyres in 2000, Bridgestone reportedly invested in Inoue’s subsidiary in Thailand, IRCT, which began producing Bridgestone tyres in Thailand in August 2001.

3415

Record Numbers for Deldo

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Following last month’s reports of record sales, Deldo has released official figures, which it says are “even higher than expected.” In the month of October Deldo reports that it made a turnover of over 25,000,000 euros, selling 610,000 tyres as opposed to the 550,000 it originally estimated. The Belgian wholesaler says that the increased figures are a result of improved sales in its focused areas. These include winter and non-winter markets.

3416

Onkar S Kanwar Becomes New FICCI President

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Onkar S Kanwar has been named as president-elect of the Federation of Indian Chambers of Commerce and Industry (FICCI). Mr Kanwar, chairman and managing director of Apollo Tyres, will take over from current president YK Modi at the conclusion of the 77th annual session next month. Closely associated with leading national and international industry chambers and other business organisations, Kanwar is also past president of the International Chamber of Commerce – India (ICCI). As head of Apollo Tyres, Kanwar recently forged alliance with Michelin, the world’s number one tyre manufacturer with operations in over 170 countries.

3417

India’s Apollo Tyres’ Sales Jump

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Indian tyre Manufacturer, Apollo Tyres is expecting sales to increase 18 per cent, a company official has said. Last year the company recorded sales of 23.14 billion rupees and this year expects to see sales rise to almost 27.3 billion rupees, nearly £327.8 million.

“We will maintain 18 per cent growth in sales. It would be more than double of the projected industry growth rate of 8 percent,” Neeraj Kanwar, chief operating officer at Apollo, told a news conference. At the same time Mr Kanwar warned that the profit margins of tyre companies are under pressure due to spiralling costs of raw materials.

3418

Scottish Tyre Safety gets Record Airtime

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A record number of radio stations are taking part in this year’s Scottish tyre safety campaign. 18 local and national Scottish radio stations are supporting this year’s tyre safety initiative by echoing the TIC’s tyre safety messages as part of a “down the line” radio promotion.

3419

Deldo Reports Record Sales

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Deldo Autobanden has announced record sales figures. In September sales increased by more than 30 per cent compared with the same time in 2003, the company says. The new record now stands at more than 500,000 units.

3420

Watts Tyres to Supply Continental

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Watts Industrial Tyres Plc has signed an agreement with Continental AG to supply solid industrial tyres to its industrial tyres business unit. Continental is going to use the tyres to develop the US and Asian markets. The tyres will be manufactured to Continental’s specification at Eu-Retec (Pvt) Ltd in Sri Lanka.

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