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While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.
A new agreement has expanded Bridgestone Corporation’s involvement in international sport. The tyre maker and rubber manufacturer has become a Worldwide Paralympic Partner; it is the seventh entity to associate itself with the International Paralympic Committee (IPC) in this capacity.
A month after its credit rating was downgraded, American Tire Distributors, Inc. (ATD), the largest tyre wholesaler not only in the USA, but in the entire NAFTA region, filed for Chapter 11 bankruptcy protection in the District of Delaware on 4 October. At the time, the company announced that it had entered into a definitive agreement with approximately 75 per cent of its bondholders on the terms of a recapitalization that would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing transformation
As of November, Bridgestone will make its proprietary DriveGuard RFT (run-flat technology) available on its main product lines for the aftermarket. Specifically, the Turanza, Blizzak and Weather Control tyre ranges will gain DriveGuard fitments.
Hankook Tire’s recently-released electric vehicle tyre has already snapped up its first award. At last month’s International Design Excellence Awards (IDEA), the Hankook Kinergy AS EV was honoured in the automotive and transportation category. This is the first time Hankook Tire has received an IDEA award for a production model, having previously only gained this distinction with concept tyres, such as its ‘climate change’ concepts in 2015 and its ‘Birth On Nature’ (BON) tyre two years later.
Bridgestone has introduced an all-inclusive monthly subscription service for tyres called Mobox. According to the company, Mobox subscription offers “new tyres, full warranty and other premium vehicle-related services, and all at an affordable price per month”.
Shire Aggregates has specified Michelin tyres as original equipment across 12 new MAN 32-tonne 8×4 tippers and adopted a Michelin policy as standard for future tyre purchases. The decision came after a trial set of Michelin X Works tyres demonstrated potential savings of “more than £26,000 a year” in running costs, the company states.
The AMD World Championship of Custom Bike Building Freestyle class, supported by official sponsor Avon tyres, has been won by Russian customiser, Zillers Garage. In the Cafe Racer class, Italian outfit FMW Motorcycles with its Avon-shod ‘Hurakan’.
The inaugural TCR UK Championship, backed by tyre supplier Yokohama, has been won by WestCoast Racing’s Daniel Lloyd following a thrilling climax in challenging weather conditions at Donington Park.
When Michelin acquired truck tyre supplier and service provider Tructyre almost a year ago, it gained one of the UK’s most successful independent commercial vehicle tyre management groups. It now intends to evolve this asset into Britain’s largest national heavy tyre business by merging Tructyre with the heavy tyre operation currently belonging to ATS Euromaster.
A third-place finish at the Hockenheimring in Germany yesterday sufficed for Gary Paffett to clinch his second DTM title. The British driver ended the season with 255 points, four points ahead of last year’s champion René Rast. This year’s victory in the touring car championship comes 13 years after Paffett won his first DTM title.
We’ve got a winter tyre test in front of us, and for a change a Continental tyre hasn’t finished first. Auto Bild Sportscars evaluated ten size 245/45 R18 V tyres and crowned the Vredestein Wintrac Pro its winner.
Roy Croft, who was managing director of Stapleton’s for most of the second half of the twentieth century, died with family at his side at the age of 89 on Sunday 7 October following a short battle with cancer. He is survived by his wife Jean.
Cooper Tire Europe is to enter a 10 month consultation period to decide the future of light vehicle tyre production at its Melksham, Wiltshire facility. News sources suggest that light vehicle tyre production currently in Melksham would be shifted to its factory in Serbia, pending the outcome of the consultation. The company states that the proposed change is a result of the “cost-competitive, globalised environment.” It adds that the Melksham facility “in its present form is not competitive within the Cooper global manufacturing network or the tyre industry at large.” It is Cooper Tire Europe’s highest cost production facility, and the company adds that it considers expanding or updating the facility to meet its light vehicle tyre needs to be “not economically feasible.”
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