You are here: / Search results for "eco tyres"

New Search

If you are not happy with the results below please do another search

15325 search results for: eco tyres

496

Nokian Tyres: 116.2-million-euro loss down to Russian car tyre production gap

/in ,

Nokian Tyres reports that its fourth-quarter 2022 net sales totalled 411.3 million euros, down 19.8 per cent from 512.6 million euros in October–December 2021. Operating profit was 13.5 million euros (Q4 2022: 88.0 million). Despite that, the company’s full-year 2022 net sales grew 3.6 per cent to 1,776.1 million euros (2021: 1,714.1 million euros). However, that wasn’t enough to prevent a full-year 2022 loss of 116.2 million euros (2021: 268.2 million euros profit). Executives put the fourth-quarter declines down to “lower passenger car tyre supply volumes…”, something that is a veiled reference to the fact that the company is wrestling with a serious passenger car tyre production gap.

497

‘Huge opportunity’ for mid-range, quality tyres – Davanti sales director

/in , ,

Building on its 2015 foundation, the UK-owned Davanti Tyres brand has developed a comprehensive range of products for the car and light truck segments while increasing its penetration via distribution partners in international markets. With its products produced in East Asia and its sister distribution company Oak Tyres handling UK distribution, the brand can offer an informed perspective on current car tyre market trends. Tyres & Accessories talked to Davanti Tyres sales director for UK and Ireland, Sean Maddocks about tyre imports, car parc evolution, and the latest Davanti products.

498

Higher rim size car tyre sales rising in UK’s stratified recovery – GfK

/in , , ,

Challenging trading conditions persist in the UK thanks to various interlocking crises, though 2022’s replacement tyre market demonstrates the way some segments resisted the strong headwinds better than others. While overall tyre sales (units) were basically flat versus 2021, any anticipated surging recovery from a pandemic induced nadir was, broadly speaking, put off for another year. Contrastingly, the value of the overall market surged, though this effect was more due to inflation and increasing prices than a switch towards higher-value products. Having said this, the picture painted by analyst GfK’s data, based on the company’s “panelmarket” of tyre retail sell-out sources from January to December, is also one of stratification.

The rest of this article is for subscribers only:
Log inSubscribe
500

Apollo Tyres’ 9M revenue up 19%

/in

Apollo Tyres Ltd. maintained its market share within Europe’s passenger car and light truck (PCLT) market in the three months to 31 December 2022 (Q3 FY2023) despite declining approximately 14 per cent year-on-year in this market. The tyre maker primarily attributes this negative growth to high channel inventory, a mild winter and the economic slowdown.

501

Chinese truck tyres: EEC closes dumping loophole

/in

Russia and its friends within the Eurasian Economic Union (EAEU) will soon extend the scope of anti-dumping duties applied to truck tyres from China to counter instances of duty avoidance. The EAEU’s Eurasian Economic Commission (EEC) issued an announcement to this effect on 1 February 2023.

502

Hankook Tire: Record sales in 2022

/1 Comment/in

Announcing its 2022 financial results, Hankook Tire & Technology (Hankook Tire) shares that its consolidated global sales reached an “all time high” last year. Sales increased 17.5% to KRW 8,394.2 billion (£5.6 billion, $6.9 billion). Operating profit rose 9.9% YoY, to KRW 705.7 billion (£468.2 million, $576.7 million).

503

Britishvolt, UK car manufacturing and OE tyres

/in , ,

In May-2020, we needed a lift. We’d all been through the first and arguably harshest lockdown and Prime Minister Boris Johnson modified the COVID-19 message from “stay at home, protect the NHS, save lives” to “stay alert, control the virus, save lives”. In other words, not knowing that further lockdowns would follow, the PM was working towards easing restrictions and reopening the economy. Within the automotive sector many tyre specialists, garages and fast-fits had closed along with OEM factories and car dealerships. One result of the latter was that car production figures fell to post-war lows. What better time to back a British electric vehicle battery manufacturing gigafactory? Several projects came to the fore. There was even talk of Elon Musk considering a Tesla gigafactory in the UK. But it was BritishVolt that Boris Johnson put his name to.

504

Tyres & Accessories Magazine January 2023

In this issue Retaining traction – Agricultural Tyres While other sectors have struggled in the face of high raw material costs combined with pressures on European production capacity, the agricultural tyre sector has managed to retain market traction for two main reasons: Firstly, we all still need to eat and the world’s population continues to […]

505

Apollo Tyres (UK) awarded ‘Top Employer’ accolade

/in

Apollo Tyres (UK) Holdings Ltd, a subsidiary of Apollo Tyres Ltd, has been recognised as one of the Top Employers in the UK. The certification, awarded by the Top Employer Institute, a global authority on HR excellence, was based on an in-depth survey of Apollo Tyres Ltd’s London staff. The firm has an annual revenue of $2.8 billion. Its London team work in areas such as finance, digital and US trade growth.

507

Pirelli P Zero Elect tyres for BMW i4 M50

/in

BMW M has selected Pirelli P Zero Elect tyres for the new BMW i4 M50, the first fully electric car developed by the brand’s high-performance division. Pirelli is supplying this original equipment tyre in the front axle size 255/35R20 97Y XL P-ZERO(*) elt and the rear axle dimension 285/30R20 99Y XL P-ZERO(*) elt.

508

Haulier marks gold anniversary on Michelin tyres

/in ,

Banffshire-based haulage contractor, Ian S Roger, marked the company’s 50th anniversary in style with a new gold liveried Volvo FH 540 6×2 tractor unit, fitted with Michelin X Multi Z and X Works D tyres as original equipment. The eye-catching FH joins a mix of MAN, Renault, Scania and Volvo trucks as part of a 32-strong fleet of vehicles used for a variety of agricultural-based haulage work. Almost the entire fleet now runs on Michelin tyres.

510

Extending first MOT deadline ‘will increase defective vehicles, tyres’ – TyreSafe

/in ,

Road safety charity TyreSafe has joined a growing chorus of automotive industry opposition to the latest proposal to extend the intervals of the MOT test. The organisation, which has members from all spheres of the UK tyre business sector as well as councils and emergency services, said that plans to require a first MOT after four rather than three years would increase the number of defective tyres and vehicles on the country’s roads. It explained that while new vehicles are often safer than ever, the advanced safety systems they incorporate often rely on the roadworthiness of tyres. Research by TyreSafe and its members suggests that putting more responsibility for ensuring tyres’ roadworthiness on UK motorists could lead to illegal and unsafe tyres remaining fitted to vehicles for longer, as many motorists do not check their tyres frequently enough.

We see you are visiting us from China.

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.