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SmarTire And Pirelli Agree On TPMS

Pirelli has reached an agreement with SmarTire for the application of tyre pressure monitoring systems. The system will be marketed under the brand X-Pressure and should be commercially available across key European markets. Francesco Gori, Head of Pirelli Tyre Division says, “This agreement opens a new phase in the evolution of Pirelli which integrates the tyre with the vehicle. It may come that the tyre will have dialogues with the vehicle’s control systems.”

17th October 2002/by Tyrepress Editors

Goodyear GB Sells Wolverhampton Site

Goodyear Great Britain has sold its Wolverhampton manufacturing site to Birmingham-based St. Modwen Developments Limited and entered into a 10-year, extendable lease-back agreement which will enable production to continue. Financial details were not revealed. Wolverhampton was Goodyear’s first factory outside North America, opened in 1927. Production has fallen due to lack of competitiveness and clerical jobs have been relocated to the new HQ at Tyrefort in Birmingham. The sale/lease arrangement allows production to continue and for Goodyear to release value from the 88.6 acre site.

8th October 2002/by Tyrepress Editors

Return To Bias-Ply Racing Tyres At Goodyear

Goodyear is planning to return bias ply race tyre manufacture to Akron after moving the work to South America five years ago. This will see the employment of 65 new workers (the move away cost 115 jobs). The good news for American employees is tainted by the news that the deal involves an agreement by the Unions to allow contracting out of some housekeeping services to lower paid workers.

1st October 2002/by Tyrepress Editors

Metro Tyres To Make Conti Two-Wheeler Tyres

Indian company Metro Tyres has signed an agreement with Continental to manufacture two-wheeler tyres for the German company. Said Metro Tyres Managing Director Rummy Chhabra: “We will be shortly producing motorcycle, scooter and moped tyres for Continental under the ‘Continental’ brand name. The move will give us access to manufacturers like Yamaha, Honda and Kawasaki among others.”

25th September 2002/by Tyrepress Editors

Continental To Build Moscow Plant

In a joint venture with Moscow Tyre Plant, Continental has signed an agreement to build a new production facility in Moscow. Continental is the majority shareholder and will produce tyres for passenger cars and light trucks. The predicted investment will be in the region of 30 million Euros over three years. The plant is expected to produce 1.5 million tyres per year when it opens in 2003 and will generate 3.4 million tyres for Continental and Barum, largely destined for the local market. The new plant in Moscow will help Continental avoid the 70 per cent import tax on new tyres.

13th September 2002/by Tyrepress Editors

Continental Shows Interest In Sime Darby

Malaysian conglomerate, Sime Darby Berhad is to concentrate its tyre businesses and float it independently from the parent company (sales of around 3.2 billion US dollars). Key elements of these companies are tyre maker DMIB Berhad with a factory in Selangor and Sime Tyres Int. with factories in Alor Setah and Kedah. A spokesman for Continental confirmed that the German tyre giant wishes to buy 30 per cent of the tyre business, and signed a letter of intent with Sime Darby Berhad on the 26th June. Continental will have the opportunity to increase its share at a later date. This follows an earlier agreement in January between Continental and DMIB and Sime Tyres to share technical support. A former agreement between the Malaysian manufacturers and Sumitomo Rubber Industries had at that point concluded.

27th June 2002/by Tyrepress Editors

Possible Closure For Goodyear Mould Factory

There is uncertainty over the future of Goodyear’s mould factory at Stow, in the Akron area. The plant has been operating at around 30 per cent capacity, producing mainly moulds for experimental and motorsports tyres. There are 117 hourly-paid workers at Stow, who have been notified that the plant is likely to close. Goodyear has upped mould production to lower wage-earning factories in order to cut costs. Talks between management and unions last week broke up without agreement.

17th June 2002/by Tyrepress Editors

Settlement Reached In Bandag/Michelin Litigation

Michelin North America, Inc., Michelin Retread Technologies, Inc., and Bandag, Incorporated, announced that they have reached a settlement in their ongoing litigation. As a result of the agreement all parties have been dismissed from the litigation. Michelin and Bandag have agreed to dismiss all financial claims against all parties. This agreement brings to a close the trial in the United States District Court in Des Moines, Iowa, that began May 13, 2002.

22nd May 2002/by Tyrepress Editors

Superior Wheels For GM

Superior announced the award of several new and replacement programs under the previously announced long term supply agreement which has now been finalized and signed with General Motors Corporation. The first of these programs will begin production in the Spring of 2002 and include the Saturn vehicle name plate; a first for Superior Industries. “These recent business awards demonstrate the value of this unprecedented year contract to both General Motors and Superior Industries because it was based on long term performance in delivering the highest quality, technology and service at competitive prices,” said Louis L. Borick, President and Chairman of Superior Industries.

24th January 2002/by Tyrepress Editors

Regenerative Brakes For 2003

TRW Chassis Systems has entered an agreement with a major vehicle manufacturer to develop and supply regenerative braking systems based on electro-hydraulic brake technology. TRW Chassis Systems claims that 5 per cent improvement in braking can be gained through the new brake-by-wire technology involved. It is estimated that the system will be launched on the market in 2003.

23rd January 2002/by Tyrepress Editors

Bridgestone And Continental Cooperate In Run-flat Tyre Systems

Bridgestone Corporation and Continental AG signed a technical agreement on January 21, 2002 in Tokyo. It provides two companies to cooperate in creating global standard systems in run-flat tyre systems for installation on standard wheels for passenger cars and light trucks. Under this agreement, Bridgestone will furnish technology and grant license to Continental on its Self Supporting Runflat Tyre (SSR), which has earned high regard and multiple fitments from leading automakers globally. At the same time, Continental will furnish technology and grant license on its original technology on the ContiSafetyRing run-flat system (CSR) to Bridgestone.

22nd January 2002/by Tyrepress Editors

Co-operation between Van den Ban and Inter-Sprint

Shortly before Christmas, it was announced that the two Dutch wholesalers, Intersprint and Van den Ban, were to co-operate in areas such as logistics, warehousing and transport. Under the agreement, Intersprint will purchase a number of shares from Van den Ban and it is possible that Van den Ban will buy a small amount of Intersprint’s shares. The founder of Van den Ban, Mr. Arie van den Ban, stressed that the amount of shares to be purchased by Intersprint has not yet been determined, but it will be less than fifty per cent. The two companies share up to 70 per cent of customers but want to continue to act independently in the market. Van den Ban’s managing director Simon Klapwijk and commercial director Henk van Dijk will leave the company this week; a parting which was described as “amicable” by both sides.

8th January 2002/by Tyrepress Editors

Reconciliation Talks Between Ford And Bridgestone

Press reports in Japan say that talks have been held between Ford and Bridgestone, regarding the resumption of business relations. The two companies confirmed that talks have taken place but would not comment on whether or not any agreement had been finalised. Further discussions are expected later this month.

7th January 2002/by Tyrepress Editors

Alcoa Signs Agreement to Acquire Dooray Air Metal’s Extrusion Business

Alcoa Inc. and Dooray Air Metal Co. Ltd. have announced that they have signed a definitive asset purchase agreement for Alcoa to acquire Dooray’s aluminium extrusion assets, located in Changwon, Korea. The two companies signed a memorandum of understanding in spring 2001 for Alcoa to acquire the Dooray assets. The Changwon facility produces hard alloy extrusions, rod and bar, extruded shape and tubing for use primarily in industrial, transportation, defence and aerospace applications. The aluminium car wheel business, in which Dooray is the market leader in Korea and Alcoa is one of the biggest oe suppliers in North America, is not affected.

4th January 2002/by Tyrepress Editors

Ford Jr.: Not Just For Sentimental Reasons

Two weeks ago William “Bill” Ford (44) played his part in the fall of Jacques Nasser and took on the responsibility for the company himself. Since then he has taken every opportunity to emphasise that he is very interested in repairing the ruined relationship between Ford and Firestone. Many newspapers stressed that his two great grandfathers were the founders of Ford and Firestone and his mother was born a Firestone. But sentimentality alone is not sufficient motivation. Almost single-handedly the now-resigned Ford boss Nasser ordered the additional recall of 12 million Firestone tyres that will burden the company’s balance sheet with a figure in excess of two billion US-Dollars. This has been regarded as completely unnecessary by Firestone and the tyre manufacturer has rejected any responsibility for this act. After the US safety administration (NHTSA) and Firestone had agreed on a voluntary recall of some hundred thousand tyres, costing the tyre manufacturer a two-figure million Dollar amount of money, Firestone regards its attitude as justified. Ford wanted to present the bill to Bridgestone/Firestone at the right time. This may not be possible, in legal terms, the car producer might have no grounds against Firestone. It is possible that a voluntary agreement could provide a way not to lose the face in front of the shareholders. If Bridgestone/Firestone were to resume its old position as a key supplier, settlements to accounts could be presented in a plausible way, as has already happened for example in the case of General Motors and Volkswagen in the “Lopez Affair”.

28th December 2001/by Tyrepress Editors