If you are not happy with the results below please do another search
The US Government has asked Firestone to recall another 3.5 million tyres. Shigeo Watanabe, president of Bridgestone stressed that this was not a recall, but a replacement programme as Bridgestone Firestone had not admitted any defects. The tyres being exchanged are P235/75R15 and P255/70R16 fitted to Ford Explorers and Mercury Mountaineer SUVs up to 1998.
Nokian Tyres has reported its Q2 results, which proved better than analysts expected. While sales were as forecast (up 11.7 per cent to 95 million Euro), operating income was much higher than predicted at 8.5 million Euro, with an operating margin of 8.9 per cent (last year, 3.5 per cent). Results were helped by the 1.9 million Euro operating profit recorded by the Vianor retail chain. Analysts are cautious about the outlook for the second half of the year, with much depending on winter tyre sales.
Just Tyres Holdings, the group consisting of the Just Tyres retail chain, the Southam Tyres wholesale business, Autostop and Autostop fleet network, has called in the Administrative Receiver. 40 of the 90 Just Tyres depots were closed down immediately, resulting in 100 job losses, or one third of the total group workforce. Autostop Fleet has also closed down. The Receiver is looking for buyers, either for the group as a whole or its component divisions separately and reports “considerable interest”.
Formula 1 Champion Michael Schumacher believes that the secret of the Williams-BMW team lies in the Michelin tyres. Michelin seems to have done a good job so that Williams-BMW has become competitive, the Ferrari driver told La Gazzetta dello Sport, during team testing in Mugello. “I would have thought that Bridgestone’s advantage would have lasted longer”, said the German, who has Bridgestone tyres on his Ferrari, whereas brother Ralf uses Michelin tyres on the Williams-BMW.
Last year’s miserable winter tyre business has had a marked effect on many market players. Only a small number of dealers in very few regions of Germany could report a normal winter tyre business. In most parts of the country the snow came too late. If it does not snow until the beginning of November it becomes increasingly harder day by day to convince the end users to fit their cars with winter tyres. November is absolutely the most important month for retailer‘s winter tyre business. In late summer and early autumn of 2000 the tyre manufacturers were very happy about their sales to the dealers, which reached record levels. But of course the managers of the tyre industry are not so naive as to regard the lack of sales to the end users later on in the season as a problem only for the dealerships. This problem comes back to the manufacturers in two ways. First of all dealers experienced a lack of financial liquidity and there were problems in paying invoices. Secondly, having tyres in stock affects the willingness to order for next year – in this case 2001 – at the same level as before. Because merely listing the troubles would be pointless and unproductive, we tried another approach: we spoke to a lot of market players in order to form an overview of opinion and compared this with some hard figures.
For so-called run-flat tyres (meaning tyres that can be driven even at zero air pressure) in Europe and North America huge sales increases are on the horizon. Run-flats will replace conventional tyres now in use. This can happen only step by step because there is a lack of production facilities for a number of years. Another effect: if the new tyres become standard original equipment, the market for tyres will reduce by twenty percent, because a car fitted with run-flat tyres does not need a spare wheel. Is the development of such products an example of the tyre business shooting itself in the foot? Of course not because it is never possible to stop technical developments like these. And it should be noted that run-flat tyres are more sophisticated than conventional tyres, which compensates for the lack of every fifth tyre in oe. Because tyre pressure warning systems will, in the future, become mandatory on new cars, they need suitable tyres. Run-flat tyres without tyre pressure systems are not practical; the driver might not realise that he is driving at zero pressure at high speed. The reverse situation is possible – indeed already a reality in some models – as the car is fitted with a tyre pressure monitoring system but on conventional tyres. Nowadays, run-flat tyres have moved from the arena of the laboratory and testing and are on the way to becoming a growing part of the market. As with other new technologies, if a new standard replaces an old one, the race is on among new systems (for example which tyre pressure monitoring system is the best), materials (for example which reinforcements should be used for the carcasses) and other developments for the transition period (tyre repair sets).
In the first half of the year 2000, tyre business accounted for 40 per cent of Pirelli’s turnover, but this has now fallen to only 37 per cent, whereas cables/systems/communications increased to 63 per cent. There was an improvement in tyre business figures for the first six months, but this could not match the results of the other business units. The main reason was the economic problems in Turkey and America, which are very important markets for Pirelli.
During a press conference held in Milan, Pirelli boss Tronchetti Provera did not give much away and remained vague. The company’s strategy will focus more on high technology and telecommunications in the future, but Tronchetti Provera stressed that he could not be more precise until he has made up his mind and seen all there is to see in Telecom Italiana. He said that he would focus on debt reductions as quickly as possible. Some parts of Pirelli are now for sale; a small part of the cables and the truck tyre division, for which Pirelli hopes to collect around 2 billion Euro. The passenger car and motorbike tyre division is not for sale. There are rumours that Pirelli is in talks with Michelin and Bridgestone. Of the two remaining major manufacturers, Continental may not have the money, as the group is already planning other take-overs, and Goodyear already has sufficient production capacity.
In 1997, Avon Tyres, a British-owned rubber goods and tyre manufacturer for over 120 years, was taken over by the American manufacturer Cooper Tire & Rubber Company. The subsequent three years or so have been among the most eventful in Avon’s long history; fears that the British company (annual turnover in excess of 100 million Pounds) would be absorbed by its new parent (annual turnover approaching $4 billion) proved to be groundless. This came as a relief to locals, as Avon was (and still is) the town of Melksham’s largest employer and plays an important part in community life. On the contrary, Cooper has invested heavily in its first manufacturing base outside the USA and Avon has reorganised, rethought its product offering and, in an uncertain economic climate, prospered. Our article examines how the company has changed and examines its prospects for the future. Managing Director Ron Shield and Marketing Director Julian Baldwin outline the events since the takeover and the way that the Cooper-Avon relationship has developed.
Michelin has committed 24 hour support and tyres towards keeping the recovery efforts in New York moving. Specifically an On-Site Service truck in the disaster area 24 hours a day, seven days per week to service emergency vehicles; 250,000 US Dollars (270,338 Euro) worth of Michelin tyres and an on-site technical expert to assist in mobility issues. Additionally, Michelin Group has contributed 1M US Dollars (1,081,775 Euro) to the American Red Cross Disaster Fund. A Michelin Relief Fund has been opened to all 128,000 Michelin employees who may wish to make further donations.
Vredestein boss Rob Oudshoorn is interested in making the Vredestein brand – already well-known in Europe – a global brand. In Asia, T-Trac and Protrac tyres are produced by sister company Elangperdana Indonesia for use in the Asia region of Indonesia, Malaysia, Taiwan, Hong Kong, China etc. The Importer Tyreland is the business partner at the other end of the world in New Zealand. This has been learned from the latest company brochure News Flashes which is distributed to the trade. At the moment it is not easy to cover Vredestein stories due to the fact that there is obviously no press office in the Dutch company.
Cooper-Avon has introduced another two new tyres to its range of products available in Europe. First of these is the Lifeliner Touring SLE (Sport Luxury Edition) and it is the first premium touring tyre from Cooper to be available in three speed ratings; T, H and V. The second product is the Discoverer M+S, which is a winter tyre made in Findlay Ohio, but designed for European roads. It features a number of pin holes for those countries where studded tyres are acceptable.
The governor of Rio de Janeiro has announced the intention of Michelin to open a second tyre plant in the city. The new plant will complement and duplicate the existing 1.5 million production facility. The new facility is required to meet demand for Michelin tyres in South America, the Caribbean and Cuba.
With an average consumption of 3.18 litres Diesel per 100 kilometres, a series Seat Arosa 1.4 TDI completed the 6,367 kilometres distance from Nordkap to Tarifa in the south of Spain. “Across Europe In 100 hours, For 200 Euro” was the target of the fuel saving ride, made on ContiEcoContact EP tyres with an insignificantly higher-than usual pressure (2.8 bar) and at an average speed of 83 km/h.
Following the recent shake-up of its UK truck tyre operations, Continental has announced a “strategic agreement” with wholesaler Kings Road Tyres, whereby KRT will become the sole distributor of Uniroyal truck tyres in the UK and Ireland, effective September 1st. The new business will be separate from KRT’s wholesale operation and will be called “Uniroyal Truck Tyres.” Uniroyal car and van tyres are unaffected by the agreement and will still be managed by Continental.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.