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15381 search results for: eco tyres

8626

Nokian handed additional tax bill

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A famous saying posits that nothing is certain except for death and taxes, but Nokian Tyres may argue that taxes and then further taxes are more certain. Following on from the reassessment and €26.9 million bill received in December for the 2007 financial year, Nokian Tyres announced on 21 January that Finland’s Tax Administration has also reassessed Nokian’s tax for the years 2008 to 2010. According to this reassessment, the tyre maker must pay an extra €73.3 million tax and interest (€51.0 million of which is tax) for these three years. Payment must be made in February 2014.

8627

Hankook investing to expand Indonesia plant

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On 17 January, the board of Hankook Tire resolved to invest KRW 380.2 billion (£215.7) in the second stage expansion of the company’s factory in Indonesia. In a statement filed with the Korea Exchange (KRX), the tyre maker said the period of investment would extend until the end of 2015 and involve an 11.8 per cent ratio to equity capital.

8628

Petlas aiming to be a top 50 exporter in Turkey

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Tyre manufacturer Petlas Tire Corporation has been listed amongst the top 100 export businesses in the growing Turkish economy. According to the company, Petlas has been exporting to more than 110 countries from all over the world and thereby increasing its market share. The goal is now to be in the top 50.

8629

Micheldever extends GT Radial Exclusive Distribution Agreement

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Giti Tire and Micheldever Tyre Services have renewed their Exclusive Distribution Agreement (EDA), extending the wholesaler’s sole UK supply rights for GT Radial passenger car, 4x4 and light truck tyres for the next three years. Under the terms of the agreement, which began in 2010, Micheldever will continue to develop the GT Radial Performance Centres (GTPCs) network as a priority while utilising the product offering to expand other wholesale and VMA business.

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8630

Report: Automotive growth pumping up tyre market

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The apparent UK tyre market is estimated to have grown by 3 per cent in 2013 at the behest of growing automotive market, according to Tyre Industry, a new market Report from market intelligence provider Key Note. Read a little further and there are suggestions that the 2014 – 2018 period could be some of the UK tyre market’s best years yet.

8631

ETRMA: 2013 tyre replacement market stabilised

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The European Tyre and Rubber Manufacturers Association (ETRMA) suggest the 2013 tyre replacement market stabilised in 2013 after a shaky start to the year. According to figures published 16 January, the car segment contracted 1 per cent to 192.699 million units in 2013. Total truck tyre sales were put at 8.849 million.

8632

Kenda, Iberian association join ITMA

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In January, the Imported Tyre Manufacturers’ Association has welcomed two new members. Kenda has become the latest tyre maker to come on board, and is joined in the ITMA ranks by the Madrid-based National Association of Tyre Importers and Distributors (ADINE).

8633

Weather woe inflates the need for tyre safety checks

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Following the worst winter storms to hit Britain for two decades, TyreSafe is reminding drivers about the need for more regular tyre checks. With its potential to cause aquaplaning, standing water remains a major hazard in many parts of the UK, while damaged road surfaces also presents a different tyre related challenge. However, by taking just a few minutes to inspect your tyres regularly, TyreSafe advises that the impact of these issues can be reduced.

8634

Detroit show launch for Michelin tyre that grips as it wears

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The latest Michelin tyre for the North American market has been designed to maintain high traction over its entire working life, a level of performance it achieves through choice of compound, groove geometry and the inclusion of added grooves that appear when a certain level of wear is reached. This whole-life gripper, the all-season Michelin Premier A/S, debuted at the North American International Auto Show on 14 January ahead of its April 2014 market launch.

8635

Dunlop makes case for indirect TPMS at Tire Technology Expo

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Roughly 18 months ago as part of our 2012 TPMS feature, Tyres & Accessories asked if there was a long-term future for indirect TPMS. In conversation with one of the two biggest suppliers of this technology, Swedish firm NIRA Dynamics, we examined the case for so-called iTPMS. This year we flip things around and ahead of his forthcoming speaking engagement at Tire Technology Expo, in Cologne on 11 February, Bernd Schuchhardt, general director at Dunlop Tech GmbH (the other large indirect TPMS producer) presents the case for this technology.

8636

Cooper not yet ready to resume financial reporting

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Although production of Cooper brand tyres at the Cooper Chengshan (Shandong) Tire joint venture facility will soon recommence, Cooper Tire & Rubber has cautioned that returning to normal financial reporting may take a little longer.

8637

Retention of Chinese tyre tariffs a “good outcome”, says US union

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Commenting on the U.S. International Trade Commission’s extension of the antidumping and countervailing duty orders on certain off-the-road tyres produced in China, the United Steelworkers union says the decision to continue with the 2008-introduced tariffs is a “good outcome to provide job security for the hundreds of tyre workers who make these same tyre products at Titan Bridgestone-Firestone and Goodyear factories in Iowa, Illinois, Ohio, Kansas and New York.”

8638

Conti extends 3G commercial range to goods haulage sector

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Last year, Continental introduced the first tyres in its third generation commercial vehicle range. These initial products, the HA3 Conti Coach, Conti CityPlus and the Conti Urban, catered to passenger transport, and now the manufacturer has followed up with the launch of its first 3G tyre for the goods sector, the Continental EcoPlus HT3 trailer tyre.

8639

Evergreen marketing extends motorsport involvement

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Motorsport’s popularity as a conduit for tyre manufacturers’ marketing spend continues to thrive as aspirational brands from the far east seek to increase brand recognition and the perception of quality. The Evergreen brand, a relative newcomer to the tyre scene having gone into production at the Jinyu PCR factory in 2009, has become the latest to announce a move into the UK motorsport scene, tying up a sponsorship deal with car racing debutant Dan Zelos in the Ginetta Junior Championship. Evergreen says it is seeking to accelerate its expansion by following in the wheel tracks of some of its commercial rivals by taking its first steps into the high-octane world of motorsport through the partnership with promising Norfolk-based teenager.

8640

Goodyear appoints ex-CIA man to board

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The Goodyear Tire & Rubber Company has appointed Michael J. Morell, a retired deputy director of the Central Intelligence Agency to its board of directors. The election brings the size of Goodyear’s board to 13 members.

Morell served as deputy director of the CIA from May 2010 to August 2013. A career officer, he held a variety of senior leadership positions with the agency, including serving as acting director twice, director of intelligence and executive director. He also served as a deputy director at the National Counterterrorism Center.

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