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Alcoa and UAW Reach Agreement

Alcoa and the UAW have formalised their agreement to end the two-month strike affecting some 830 workers at Alcoa’s Cleveland wheel manufacturing facility. UAW affiliated employees returned to work on January 2 after ratification of a new four-year labour agreement that addresses the issues of greatest importance to both parties.

The agreement covers workers at the Cleveland plant where forged aluminium wheels are produced for the heavy duty truck and automotive markets, as well as forged products for the aerospace (including the Airbus A380) and industrial markets. It is claimed that the agreement will improve the plant’s competitiveness while preserving employee living standards.

3rd January 2007/by Tyrepress Editors

Goodyear Finalises Sale of Tyre Fabric Operations

While most of us were struggling to get over Christmas, the Goodyear Tire & Rubber Company were busy finalising the sale of its tyre fabric operations to South Korea’s Hyosung Corporation. The deal was closed on December 29, pending post-closing adjustments and the sale of its operation in Americana, Brazil.

3rd January 2007/by Tyrepress Editors

Back to Business at Goodyear

With the USW strike now just an unpleasant memory for Goodyear, the tyremaker is boosting production to make up for any shortfalls in supply. The eleven week strike, which affected approximately 15,000 workers across North America, came to an end on December 22 after an agreement was reached between Goodyear and the United Steelworkers union. Workers began returning to work on January 2.

Goodyear has planned for a full supply of tyres to become available soon after the return of their hourly workers, with Jon Rich, president of Goodyear’s North American tyre unit stating “I have no doubt our associates will quickly return to their normal high levels of performance and productivity.”

3rd January 2007/by Tyrepress Editors

UAW Members Return to Alcoa While Negotiations Continue

A tentative agreement has been reached between Alcoa and United Auto Workers Local 1050, subject to a membership vote, to return to work at Alcoa’s Cleveland wheel manufacturing plant on January 2nd under the terms of the company’s 2001 labour agreement. Negotiations between the company and union are ongoing, with more meeting scheduled. Both parties aim to reach a new collective bargaining agreement

21st December 2006/by Tyrepress Editors

Mitas Confirms OE Deal with Fendt

Continental agricultural tyres will be fitted as standard equipment to Fendt’s 300 Vario and 900 Vario (models up to 305hp) tractor ranges as of January, according to Mitas a.s. and the CGS Group. The tractors will be fitted with the upmarket SuperVolumeTyre and the ContriContract AC 65.

15th December 2006/by Tyrepress Editors

Hankook Signs Audi China Deal

South Korean tyremaking giant Hankook have announced details of an agreement to supply its tyres to Audi as of mid 2007. The agreement signed with the German manufacturer will see Hankook’s high performance Ventus S1 Evo tyres fitted to the Chinese market Audi A4 and A6L, the long wheelbase version of the A6 starting in June.

15th December 2006/by Tyrepress Editors

US Military Opens Up New Front in Goodyear Strike

The chairman of the House Armed Services Committee has asked the heads of Goodyear and the United Steelworkers union to come to a partial agreement to allow 200 workers at the tyremaker’s Topeka, Kansas plant to return to work. The request comes as the US Military has raised concerns about a potential shortage of tyres used on military vehicles, Deutsche Bank analysts report. Because of the 9-week-old strike, production of Goodyear tyres for Humvees has fallen to 10,500 per month from a US Army requirement of 20,000. The US military is reportedly considering invoking a law that forbids workers from abandoning jobs that are vital to US national security.

14th December 2006/by Tyrepress Editors

Michelin to Extend Use of TPMS

Oxfordshire based Transense Technologies PLC has announced that it has entered into an agreement with Honeywell International Inc to extend the use of Transense’s Tyre Pressure Monitoring System (TPMS).

12th December 2006/by Tyrepress Editors

Union Plays Santa with Christmas Cash

The twelve thousand Goodyear workers now entering their third month of strike action are receiving an early Christmas bonus from their union. The Pittsburgh based United Steelworkers union announced on Tuesday that it will give a $100 Christmas bonus to the striking Goodyear workers and to the approximately nine hundred other workers striking or locked out from other companies.

7th December 2006/by Tyrepress Editors

Pirelli Acquires Fioravanti Licence for Cyber Tyre Development

Pirelli Tyres and Fioravanti have announced plans to work together to develop Pirelli’s patented Cyber Tyre concept. Pirelli Tyres has agreed to acquire the rights to the Fioravanti patent for “a method and system of monitoring the tyre footprints of a motor vehicle, particularly for automatically optimising the behaviour of the motor vehicle.”

1st December 2006/by Tyrepress Editors

China, US Groups Sign MOU on Technology, Brand Development

(Akron/Tire Review) The Automotive Industry Action Group (AIAG) and the Society of Automotive Engineers (SAE) of China signed a memorandum of understanding (MOU) in Beijing to promote dialogue and collaboration between the North American and Chinese automotive industries in the areas of technology, management and standards development, AIAG said.

The agreement establishes a foundation for both associations to work together in support of their members’ needs for standardised processes in quality, materials management, logistics and e-commerce, the statement added. The MOU will initially focus on channels of communications for sharing information between AIAG and China’s SAE.

28th November 2006/by Tyrepress Editors

SmarTire Full-Year Revenue up 136 per cent

SmarTire reported record revenue in 2006 of $3.5 million, compared to $1.46 million in 2005. Net loss for the year totalled $29.4 million, compared with $16.1 million a year ago. Losses for the year increased significantly primarily due to non-cash interest charges of $23.2 million in 2006, compared to $3.6 million in 2005.

1st November 2006/by Tyrepress Editors

Hayes Lemmerz Sells Components Machining Plant

Hayes Lemmerz International, Inc. has announced the sale of its Southfield, Michigan iron suspension components machining plant to Whitebox Advisors, LLC and the management team who had previously purchased the Company’s Cadillac, Michigan ductile iron foundry in December 2005.

17th October 2006/by Tyrepress Editors

Michelin Germany to Introduce 40-Hour Week

Michelin is planning to phase-in a 40-hour week to workers at the company’s five German production plants. The news affects 5,750 workers who previously worked 37.5 hours each week. They proposals suggest workers will earn the same weekly rate as before, effectively decreasing their hourly wages, the Frankfurter Allgemeine Zeitung (FAZ) reported. Discussions between Michelin and workers are set to take place in November, with spring 2007 the target date for a resolution. “The pressure from the competitive situation and our customers is enormous. We cannot wait any longer. We need an agreement,” Michelin Germany director, Juergen Eitel told FAZ.

13th October 2006/by Tyrepress Editors

Credential and EMR Sign £400,000 Tyre Deal

Newton Aycliffe-based Credential Environmental and European Metal Recycling Ltd have signed an exclusive agreement for the processing of scrap tyres, in line with this summer’s start of the landfill tyre ban. Under the 12-month contract, car tyres on and off rim will be transferred from EMR sites to Credential Environmental tyre processing centres. An extension clause is included in the agreement, subject to approval by both parties.

11th October 2006/by Tyrepress Editors