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In an exciting weekend of action in the British GT Championship, 37 supercars – 14 GT3s and 23 GT4s – raced around the full Grand Prix layout at Brands Hatch in the penultimate round of the season.
General Motors has announced that it is equipping the new 2020 Camaro range with its Tire Fill Alert System.
Yokohama returned to its racing roots during the last weekend in July as the official tyre partner to the Silverstone Classic. Already billed as the world’s largest classic motor racing festival, this year’s Silverstone Classic attracted record crowds of more than 109,000, a substantial increase on previous years, giving Yokohama a significant boost to its brand profile among motor racing and classic car fans alike.
Indian logistics firm Rivigo has partnered with JK Tyre & Industries Ltd to introduce a patented Tyre Pressure Monitoring System (TPMS) that sends live tyre condition data every few seconds. The Rivigo-originated system – called TREEL – uses algorithms for predictive analysis and features demounting and anti-theft alerts.
In reporting its financial results for the second quarter and first half of 2019, Hankook Tire notes that the six months to 30 June were punctuated by uncertainty within the global tyre market. Challenges faced by many tyre makers include declining vehicle sales, anti-dumping duties and uncertainty caused by US-China trade tensions. Hankook specifically battled high fixed costs during a low demand cycle, a relatively high dependency on China for both production and sales, and issues with stabilisation at its 2017-opened plant in the USA.
The 2019 Pirelli UK Student Awards recently took place, recognising the hard work of talented individuals on their placement year.
In the preamble to its financial results for the first half of 2019, Pirelli notes that car production around the world was 6.7 per cent lower during the six-month period than in the first half of last year. It adds that lower vehicle production impacted the tyre market, with lower shipments to carmakers driving a 7.3 per cent contraction of the global tyre market in the first half of the year. Many tyre makers diverted production to the less profitable replacement segment, a move that affected their pricing.
Univergomma recently completed the acquisition of 100 per cent of Overgom’s shares. Overgom, founded in 1977 by Arenzo Girardi as a regional wholesaler, has grown over the years to become a leading tyre distributor in Italy and abroad.
Buckinghamshire-based Energy Generator Hire has become the first customer in the UK to specify Michelin’s CrossGrip tyre, fitting nine JCB telehandlers with the new multi-purpose fitment that is designed for operation on roads, grass and in the snow. The company provides specialist generator equipment for outdoor events, with past clients including BBC Hyde Park and the Wilderness Festival. It saw the potential for Michelin’s new 400/80 R24 CrossGrip tyres to help ensure grass remains in pristine condition on sites where its telehandlers are working, having Exelagri dealer Farol Tyres convert its fleet from their existing competitor fitments.
Carlisle-based tyre sales operation Technology Sinon UK Limited, the name of D Mack Global Limited since 19 December 2018, has entered administration with debts totalling more than £14 million pounds, according to its administrator Leonard Curtis. The company, which operated within the DMACK group of companies, was a supplier of tyres to the World Rally Championship from 2011, running its own team in the championship in association with M-Sport, until 2017. Shares in Technology Sinon UK are split between director Dick Cormack (70 per cent), a former Pirelli manager who set up the business in 2011, MEMW Management Limited (25 per cent), and Glenn Paterson (5 per cent), who has left the company after holding a variety of roles within the firm. The administrator reports that, as of 14 May, Technology Sinon UK owed just over £13 million to its list of creditors. Dmack brand rally tyres continue to be manufactured by DMack Srl, formed by Dick Cormack in 2018 when a deal was struck with Marangoni for operations to begin at the Italian tyre manufacturer’s plant in Rovereto.
As we all now know, Boris Johnson became the United Kingdom’s new Prime Minister on 24 July. The first thing he did was replace almost the entire cabinet, with a reshuffle of unprecedented proportions. Next, he gave his maiden speech on the steps of 10 Downing Street, with an address that sought to build a platform for economic and political optimism against the recent backdrop of Brexit stagnation. Not only will we leave the EU by 31 October, we are going to do it in style, he effectively said. In doing so, Boris – as he is affectionately known – revealed as much about the changing nature of the automotive manufacturing industry and its suppliers as he did about British politics.
There’s little good news to be found in the latest financial results from Goodyear Tire & Rubber. Sales and unit volumes were lower in the first half of this year, respectively dropping 5.7 per cent to US$7.2 billion and 3.3 per cent to 75.4 million units. The tyre maker also reported a net loss of US$7 million for the six months to 30 June 2019, a contrast to the net income of $232 million announced a year earlier; this result includes several significant items, most notably $107 million in rationalisation charges that are primarily related to modernisation plans and layoffs at two tyre plants in Germany.
Weaker demand from vehicle manufacturers put the brakes on Michelin’s business in Europe in the first half of 2019. The company attributes the slackening of original equipment demand to a number of factors.
Japanese tyre manufacturer, Yokohama, returns to the Silverstone Classic for its second year as the official tyre partner. Over 100,000 people are expected to attend the motorsport and classic car event from 26–28 July.
Bridgestone Americas says it is honoured to be one of FCA’s Supplier of the Year awardees in the North America region. The tyre maker was one of 19 supplier partners acknowledged at the 2019 annual Supplier Conference and Award Ceremony in Detroit.
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