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Original Founder Buys Finelist Brands

Chris Swan has bought the Autela and Edmunds Walker brands of Finelist, the car parts group which went into administrative receivership last year. Swan was the founder of Finelist in 1991, leaving the company in March 2000. The two brands will complement Bulldog Express, Swan’s new parts venture formed earlier this year, and together they claim to be the third largest player in UK automotive parts distribution market, which is estimated to be worth four billion Pounds.

30th November 2001/by Tyrepress Editors

Diesel Cars To Take 35 Per Cent Of Market

A report from Frost & Sullivan predicts that diesel engines in cars will become ever-smaller. By the end of 2002, these ‘mini-diesels’ will make up 35 per cent of the western European car market, with engine capacities starting at 600cc.

30th November 2001/by Tyrepress Editors

New Managing Director For TecCom

TecCom (Munich), an internet wholesale platform for automotive accessories, has a new Managing Director. Jürgen Buchert (44) has worked as Sales Director for Western and Eastern Europe in the automotive aftermarket division of Bosch for the past five years. At the moment 21 European automotive part manufacturers – among them tyre producer Continental – support TecCom.

30th November 2001/by Tyrepress Editors

Car Sales In Western Europe To Fall

Automotive consulting firm Autopolis has produced a report which predicts that the western European car market is going through a decline at the moment. 1999 was a record year, with 15.1 million vehicles being sold, but last year the market dropped by 2% and Autopolis says that the fall will continue this year and next, with sales dropping to 13.4 million cars – a decline of 11% in three years.

30th November 2001/by Tyrepress Editors

Co-operation Between Michelin and Bosch

Robert Bosch GmbH (Stuttgart) and Michelin (Clermont-Ferrand) have announced a long-term strategical partnership in the development and distribution of integrated driving dynamic management systems. The co-operation covers the fields of research and development as well as the introduction of product to the market. Both companies have identified working areas for the basis of common developments and synergies.

30th November 2001/by Tyrepress Editors

Despite Sales Growth, Continental’s Profit Drops Significantly

The Continental Group is reporting a turnover of 2.578 bn Euro, compared with 2.426 bn Euro for the first quarter of 2000, and EBIT figures fell from 135 to 106 million Euro. Despite the fact that the Automotive Systems business unit showed a large increase in turnover from 749 million Euro (Q1 2000) to 879 million Euro, EBIT came down from 29 to 26 million Euro. Only ContiTech – which is up for sale – reported more or less unchanged figures. ContiTech’s turnover makes up 18.5 per cent of the group’s turnover, but 42 per cent of the group’s EBIT comes from ContiTech. The performance of the passenger car tyre division was quite good, with a growth in sales from 588 to 636 million Euro and an EBIT rising from 36 million Euro (Q1 2000) to 46 million Euro. The situation at General Tire North America, now named Continental North America, is dire. For the first quarter of last year, the company achieved an EBIT of 15 million Euro. For the same period this year, it reported a loss of 23 million Euro. At the moment, there are no signs of a turnaround for the tyre division in North America.

30th November 2001/by Tyrepress Editors

405 More Jobs To Go At Tenneco Automotive

Back in October, Tenneco Automotive announced that 285 jobs were to be cut in the USA, as part of a plan to reduce salaried staff by 700 by the end of this year. The company has announced another 405 salaried job losses worldwide, blamed on the state of the global automotive aftermarket and reduced vehicle production in the USA.

30th November 2001/by Tyrepress Editors

Quality Recognition For Hayes Lemmerz Facility

Hayes Lemmerz International, Inc., a leading global supplier to the automotive and commercial highway industries, announced that its Montague, Michigan Operations has been recognized for achieving a flawless quality rating from DaimlerChrysler Corporation. The facility received a 100-percent quality rating for the left and right exhaust manifolds it supplied to DaimlerChrysler during the 2000 production year. These components are used on a variety of light-truck V-10 engines.

30th November 2001/by Tyrepress Editors

Test Centre To Close, Says Smithers

Smithers Scientific Services, the research and consulting firm, has announced that it will close its tyre and automotive testing complex at Pecos, Texas, due to lack of demand. 31 staff are affected and will be offered equivalent jobs at other facilities. The closure comes despite attempts to broaden the client base. The 5,800 acre facility, which Smithers bought from Uniroyal-Goodrich Tire in 1987, will be put up for sale.

30th November 2001/by Tyrepress Editors

Co-operation Between Goodyear and Siemens VDO

Goodyear and Siemens VDO have announced plans to develop a progressive tyre pressure monitoring system which can be introduced to the market at an early date. The co-operation brings together Goodyear’s knowledge in the fields of tyre pressure control, sensors and interpretation of tyre temperature and pressure, with the know-how of Siemens VDO in electronics and common automotive systems.

30th November 2001/by Tyrepress Editors

CEO for Covisint Announced

Covisint, the motor manufacturer led on-line marketplace, has announced the appointment of Kevin English as its first Chief Executive Officer. English comes from Credit Suisse First Boston, where he held the post of managing director and CEO of e-commerce. The appointment should give Covisint the impetus and direction to attain its potential as the leading on-line marketplace for the automotive trade, in particular for the supply of OE equipment and services.

30th November 2001/by Tyrepress Editors

Internet Usage Inefficient

According to research from Deloitte & Touche, businesses are not making the best use of Internet trading facilities. Most, they say, concentrate only on the supply chain element of their e-trading. According to the Deloitte & Touche report a full integration of the demand chain and supply chain, from basic supplier to consumer, offers greater shareholder value, increasing profitability by up to 70 percent.

30th November 2001/by Tyrepress Editors

New Member of TecDoc

American automotive supplier Delphi has become the latest member of the TecDoc automotive parts information platform. With a turnover of 29 billion US-Dollars in 2000, Delphi Automotive Systems is the biggest automotive supplier in the world. Altogether 114 companies worldwide, representing 130 brands, now support the TecDoc platform, covering 100 percent of the European spare parts market.

30th November 2001/by Tyrepress Editors

Expansion In Eastern Europe For Tenneco

Tenneco Automotive has acquired a plant in Gliwice, south-west Poland, to produce shock absorbers for OE manufacturers based in Europe. The investment is $20 million and involves refurbishing the site and installation of new equipment. Production is scheduled to begin in the third quarter of this year. Richard Sloan, MD of Tenneco Automotive Europe, said that the low labour and operating costs, plus special investment conditions in the Katowice Special Economic Zone, made the decision to come to Poland “straightforward”.

30th November 2001/by Tyrepress Editors

EMT Runflat Tyres By Goodyear Are #1 Worldwide

Goodyear, supplying nearly 50 original equipment runflat tyre fitments to eight manufacturers, is the world leader in runflat tyres. The latest EMT (Extended Mobility Technology) fitment is on the Mini, a new product from the BMW Group which will have the Goodyear Eagle NCT5 EMT runflat tyres as an option. The company has runflat manufacturing capability in Fulda, Germany, and at plants in the USA.

30th November 2001/by Tyrepress Editors