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Marangoni outlines 2013 North America highlights

While the North American tyre market struggled to create demand for additional volume in 2013, Bill Sweatman, president of Marangoni Tread North America, announced the company managed to achieve a 70,000 unit sales increase for the year. “Growing faster than the market is a key indicator that we continue to collectively provide our customers with best-in-class products, service, support and the best network of independent dealers in the industry,” he said.

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  1. Marangoni Taps Rizzi to Lead Sales
  2. Latest Ringtread Technology Shown off at Opening of New Plant
  3. SmartWay approval for Ringtread pair
  4. Marangoni Meccanica ‘Black Dragon’ behind 2013 mould cure growth
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Chinese TPMS market worth 1.5 billion yuan in 2013

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The TPMS market was worth 1.4 billion yuan in 2012, according to research published in 2013. According to Huidian Research, this number is expected to exceed 1.5 billion yuan in 2013. Although China’s TPMS market has maintained rapid growth in recent years in parallel with a booming automotive and following tyre sector, the market scale is still relatively small compared with other automotive electronics products (such as EMS, ABS, automotive audio, airbags and auto instruments) and this industry is still described as being “in the initial stage of development”.

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  1. Diesel Cars To Take 35 Per Cent Of Market
  2. European Truck Market to Fall 20.7% in 2009
  3. OE deals driving strong Nexen growth in China
  4. Li-ion research paves way for longer lasting EV batteries
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Apollo share price hits all-time high

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While shares in Cooper Tire & Rubber have begun 2014 at roughly the same price they traded for a year earlier after climbing as high as $34.79 and dipping to $20.55 in between, former prospective purchaser Apollo Tyres’ share price has risen to an all-time high following the breakup of negotiations between the two companies […]

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  1. Cooper uncertainty good for Apollo share price
  2. Separate Cooper contracts required before Apollo deal proceeds
  3. Chengshan wanted to acquire Cooper Tire, court hears
  4. Court dismisses Cooper appeal
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Titan appoints Cowger to board

On 1 January 2014, Gary L. Cowger joined Titan International’s Board of Directors, replacing Mitchell Quain, who retired from the board on 31 December 2013 following a tenure of 17 years. Cowger is the chairman and CEO of GLC Ventures, LLC, a management consultancy on business, manufacturing and technology strategy and global organisational structures and implementation. He is also immediate past chairman of the Board of Trustees at KetteringUniversity (formally General Motors Institute) and he serves on the Board of Directors of Delphi Automotive and Tecumseh Products, as well as the Detroit Symphony and the College for Creative Studies.

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  1. Titan Reports Record Third Quarter Sales and Net Income
  2. Alcoa celebrates 125 years of modern aluminium
  3. Titan CEO: ‘markets are going higher’
  4. 2011 a ‘record year’ for Titan
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Binder elected chairman of Delticom’s Supervisory Board

Rainer Binder, one of the two founders of online tyre dealer Delticom AG, was appointed to the company’s Supervisory Board, effective 1 January 2014, by the district court (Amtsgericht) in Hanover, Germany. At its meeting on the following day, the Delticom Supervisory Board elected Binder its chairman. He has swapped roles with Andreas Prüfer, who on 1 January 2014 rejoined the company’s Management Board and was appointed co-CEO.

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  1. Karlheinz Haupt new head of the Advanced Driver Assistance at Conti
  2. Heitmann leaving Lanxess – former CFO filling his shoes
  3. Klaus Deller named next Schaeffler CEO
  4. Tirendo brings Delticom its first-ever negative result
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UK vehicle production figures released

The latest batch of UK vehicle production statistics covering the month of November 2013 was released by the Society of Motor Manufacturers and Traders (SMMT) just before Christmas.

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Related news:

  1. Return to 1.5 million mark expected for UK car manufacturing in 2013
  2. UK Car Production Rises in November
  3. UK car manufacturing grows 1.1% in 2013 H1
  4. Strong van registrations counter Euro-6 truck dip in February
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Return to 1.5 million mark expected for UK car manufacturing in 2013

UK car production rose 4.5 per cent in first 11 months of year to 1,424,023 units, the SMMT reports. This means that output looks set to pass 1.5 million units in 2013, the first time this has occurred in six years.

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Related news:

  1. UK vehicle production figures released
  2. Strong van registrations counter Euro-6 truck dip in February
  3. UK car production continues to boom in June
  4. UK commercial vehicle production falls in April
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Bekaert wins EIPM Excellence award

The European Institute of Purchasing Management (EIPM) has granted the 2013 EIPM Peter Kraljic Excellence Award for ‘Value Creation – Extended Enterprise’ to steel cord manufacturer Bekaert during the 2013 annual EIPM Purchasing Conference in Geneva, Switzerland.

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  1. Planned Bekaert Facility to Meet Russian Tyremakers’ Needs
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  3. Cutting carbon, cutting costs – at LCRS conference
  4. Apollo Vredestein a top Dutch employer
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Australian distributor selected for Radar brand

Singapore-based Omni United has appointed Tyre & Tube Australia (TTA) as the official Australian market distributor of its Radar Tires brand. The company says TTA began distributing Radar tyres to its network of around 150 tyre dealers on 1 October 2013.

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  1. Treadsetters Aiming to Increase Durun Sales 400%
  2. Grouptyre Announces Federal Promotion Red Letter Winners
  3. Signal Extraprise Opens New Europe Office
  4. Groupe Massa becomes Infinity Tyres’ French distributor
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Goodyear announces changes to finance leadership

Goodyear Tire & Rubber’s Board of Directors has elected two members of the company’s finance leadership team to new roles. Scott Honnold, vice-president and treasurer, was elected vice-president, Business Development. Tom Kaczynski, vice-president, Investor Relations, was elected vice-president, Treasurer & Investor Relations. The changes take effect 1 January 2014.

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  1. Goodyear Added to JPMorgan SMid Money List
  2. Kramer Takes Over as Goodyear President and CEO
  3. Goodyear's Laura Thompson “Outstanding Woman In Finance”
  4. Palmore elected to Goodyear Board
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Michelin reports capital reduction

Pursuant to the decision made by its chief executive officer on 9 December and the second resolution of the company’s 17 May 2013 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 1,809,260 treasury shares, representing 0.97 per cent of its total outstanding shares. The effective date of the resulting capital reduction is 12 December, 2013.

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  1. Michelin makes notes repurchase
  2. Michelin announces employee share offer
  3. Goodyear to issue dividend on 5.875% preferred stock
  4. Up to a million shares to be acquired in Michelin buyback
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Titan announces Q4 dividend

The Board of Directors of Titan International has approved a quarterly cash dividend of US$.005 (one half cent) per common share for the fourth quarter of 2013. The cash dividend is payable 15 January 2014, to stockholders of record on 31 December 2013.

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  1. Titan Int approves Q4 dividend
  2. Titan International Announces Q4 Dividend
  3. Titan International Announces Q4 Cash Dividend
  4. Titan announces dividend, increases notes offer
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Dunlop to sponsor Dantec Husqvarna UK motocross team

Dunlop says it is delighted to announce the sponsorship of Dantec Husqvarna UK for the 2014 motocross season. The former Evotech Stevens KTM team is the official Husqvarna MX1 and MX2 team for the UK with a three rider line-up; the team has retained Steven Lenoir to compete in the MX2 class and has announced the signing of 19 year-old Nathan Watson for MX1, as well as 17 year-old MXY2 rider Tony Saunders to complete the squad. All three will ride on Dunlop’s latest Geomax MX32 and MX52 tyres.

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  1. GoldenTyre Takes Over as SuperMoto World Championship Tyre Supplier
  2. Pirelli to Sponsor & Service Red Bull Pro National MX Series
  3. Falken emphasises motorsport youth development
  4. Bridgestone renews 16-year-old’s motocross sponsorship
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ACEA elects new president

The European Automobile Manufacturers’ Association (ACEA) has elected PSA Peugeot Citroën CEO Philippe Varin as its new president. Varin’s appointment to the role was made following an ACEA Board of Directors meeting on 6 December; he will lead the ACEA until the end of his mandate as CEO of PSA Peugeot Citroën. The Board will announce Varin’s successor at that time.

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  1. Snap-On’s Pinchuk Takes on Third Office
  2. Dr Wee Appointed Stamford Tyres Director, Committee Member
  3. Marchionne continues as ACEA President
  4. Binder elected chairman of Delticom’s Supervisory Board
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