automotive Archives - Page 16 of 143 - Tyrepress

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BMW and Toyota sign collaboration agreement

BMW Group and Toyota Motor Corporation (TMC) are pursuing their successful strategic long-term cooperation in the field of sustainable mobility by signing binding agreements aimed at long-term collaboration between the two companies for the joint development of a fuel cell system, joint development of architecture and components for a sports vehicle, and joint research and development of lightweight technologies. These agreements follow a memorandum of understanding signed in June 2012.

24th January 2013/by Tyrepress Editors

Theme for Michelin Challenge Design 2014 announced

The Michelin Challenge Design is now in its twelfth year and once again it invites aspiring designers from around the world to focus on design relating to a theme or an emerging trend in the automotive industry. For the 2014 competition, Michelin has chosen the theme “Driven/Undriven: The Duality of Tomorrow’s Automobiles.” Under this topic, participants are asked to explore the human connection to a vehicle and address the potential of autonomous motoring, as it opens new possibilities in automotive design. Specifically, participants in the 2014 Michelin Challenge Design are encouraged to design a vehicle with features and capabilities to engage drivers both in an “Undriven” autonomous mode and a “Driven” driver-controlled mode.

24th January 2013/by Tyrepress Editors

Voith buys Thyssenkrupp Services in UK

International News, News, UK News

Voith Industrial Services has strengthened its position in the UK automotive industry by acquiring ThyssenKrupp Services Ltd. According to the company, the acquisition will create a combined business with a workforce of over 2,000 employees at 35 locations. The parties have agreed not to disclose the purchase price.

23rd January 2013/by Tyrepress Editors

Conti outlines new loan agreement

German tyre maker and automotive supplier Continental has improved its debt maturity profile through the signing of a new syndicated loan agreement. Committed to by approximately 30 domestic and international banks, the credit amount has been reduced slightly. It now totals 4.5 billion euros and is split up into two tranches of differing duration – a 1.5 billion euro loan with a term of three years, and a five-year, 3 billion euro revolving credit line. For the new syndicated loan, Continental has been able to obtain the release of the asset collateral previously put up for financing and has also implemented “further simplifications” with regards to the documentation.

23rd January 2013/by Tyrepress Editors

New Kumho aftermarket, dealer managers for Germany

At the start of this year, Kumho Tire Europe GmbH appointed a new executive sales director and car dealer key account manager for the German market. Thomas Schlich has taken on the position of executive sales director and in this role he is responsible for the replacement car and truck tyre market business relating to tyre and car dealers throughout Germany. The 47-year old has been employed in the automotive industry for more than 16 years, including nine years in various positions with Bridgestone.

22nd January 2013/by Tyrepress Editors

Conti battery JV firm enters operation

The joint venture lithium-ion battery systems company formed by Continental and Korea’s SK Innovation, SK Continental E-motion, officially commenced operations earlier this month after gaining approval from the relevant authorities. Continental reports that “all relevant authorities have given unrestricted approval to the antitrust application submitted by the two companies” and that all provisions of the agreement signed with SK Innovation on 23 July 2012 have come into force.

21st January 2013/by Tyrepress Editors

BEN reveals Motorcycle Rally 2013 route

Following the enormous success of last year's inaugural event, BEN has revealed details of the route for its 2013 motorcycle rally. Between the 22nd and 25th June, entrants will embark on a ride through four countries to reach the second highest road pass in the Alps and one of the most challenging routes in the world – the Stelvio Pass in Italy.

17th January 2013/by Tyrepress Editors

Snap-on launches Verus Pro hand-held diagnostic tool

Snap-on Diagnostics has introduced the new Snap-on Verus Pro hand-held diagnostic tool for workshop technicians. The company says the latest addition to its hand-held diagnostic range offers a complete solution for UK garages and bodyshops. The Verus Pro is fast, powerful and portable, providing access to required information sources, scanner, components test metre, scope readings and car-fix information. Snap-on Diagnostics says the range-topping device has been designed to allow the technician to manage the complete job from start to finish.

16th January 2013/by Tyrepress Editors

Goodyear supplying OE tyres to NAIAS award winners

Goodyear is supplying some of the most vaunted vehicles at this week’s North American International Auto Show (NAIAS) in Detroit. The 2013 Ram 1500 and the Tesla Model S have been honoured in two very different categories, though Goodyear supplies the standard tyres on both models.

15th January 2013/by Tyrepress Editors

2012 a record year for Continental

Continental AG reports that 2012 was another record year for the automotive supplier. Despite slumping auto markets in Europe, the corporation reports in preliminary figures that it boosted 2012 sales by more than 7 per cent to approximately 32.7 billion euros. At around 10.7 per cent, the adjusted EBIT margin topped the previous year's figure of 10.1 per cent.

14th January 2013/by Tyrepress Editors

Bosal goes into administration

Company News, Product News, UK News

Bosal UK, which is best known as an exhaust manufacturer but also makes roof racks and towbards, has entered administration. Various news sources report that calling in the administrators follows the recent confirmation of a contract to supply Land Rover with the exhaust systems for its popular Evoque model.

On 11 January 2013, the company issued a statement appointing Phillip Duffy and David Whitehouse of Duff & Phelps Ltd, Manchester as administrators in a move that follows “a decade of strong support for Bosal UK from its owners in the face of a mix of factors which over time increasingly impacted on its viability”.

14th January 2013/by Tyrepress Editors

Halfords Autocentres planning fleet growth

Six months after appointing Andrew Huntly as business development director, Halfords Autocentres is continuing to drive its fleet and affiliate business with the addition of two further BDMs. The new appointments bring Halfords Autocentres’ fleet account handling complement to six, demonstrating the business’ willingness to invest in the sector as part of ambitious growth targets.

14th January 2013/by Tyrepress Editors

Search for best company car driver

A new competition promoting fleet driver safety has been launched today in a bid to find the UK's best Company Car Driver. The ‘Fleet Driver of the Year' award starts in earnest today, with the launch of the entry website at www.fdoty.com. This unique competition is being organised by vehicle leasing company ALD Automotive, in association with Fleet World magazine, and event partners Peak Performance and Toyota & Lexus Fleet Services.

11th January 2013/by Tyrepress Editors

BEN Scotland Ball date

BEN has announced the date for its 2013 BEN Scotland Ball. An acknowledged highlight of the Scottish automotive calendar, the Ball is now in its 15th year and is returning to the prestigious Crowne Plaza Hotel Glasgow on Saturday 2nd March 2013. The Ball is a key fundraising event for BEN which, thanks to activities such as a charity auction, traditionally raises a substantial sum for the charity.

11th January 2013/by Tyrepress Editors

Remy introduces new steering pumps, racks

Remy Automotive UK Ltd has introduced 25 new steering pumps and five new steering racks for popular vehicle applications to its range of parts, which now totals well over 2,000, covering more than 20,000 car applications. These are said to be the first of many new steering references which Remy plans to develop during the course of this year.

9th January 2013/by Tyrepress Editors