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Cooper Names New CEO

Cooper Tire & Rubber Co. have announced their appointment of Roy V. Armes as company president, chief executive and a member of Cooper’s board of directors. Armes, 54, steps into his new role on January 1, replacing Byron O. Pond, who has served as Cooper’s interim CEO since August.

Pond has voiced his support for Armes, saying “We are extremely pleased to have Roy taking the lead at Cooper at this critical time, He has all the qualities we were searching for and the leadership capabilities to continue and successfully execute the company’s plans for profitability. He has the complete confidence of the board and will fit in well with our management team.”

20th 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

From Cats’ Paws to Elephant Legs

Continental reports that it is constantly seeking to improve tread pattern design on both passenger tyres and truck tyre products. What you may not know is that many of their new developments are based on a bionic approach. Don’t worry this doesn’t have anything to do with the $6 million dollar man – instead it is all about applying the “perfect methods and systems found in nature…to modern technology.” The design of the ContiPremiumContact, for example, is based on the principle of the cat’s paw. It has a narrow contour when rolling, and a wider contour when braking which is said to give it better grip on the road.

22nd November 2006/by Tyrepress Editors

New Vice Presidents Named at BEN

Motor industry figures, Freddie Aldous, Honorary Life President of the BVRLA, and Sarah Sillars, Chief Executive of the IMI have been elected by BEN’s Board of Trustees as Vice Presidents for the financial year 2006/2007. BEN’s Chief Executive, Gerard Barclay, was delighted to announce these appointments stating: “Whilst last year was successful financially for BEN, the first 6 months of this financial year are proving more challenging. I am therefore delighted that we have enlisted the support of two such eminent individuals from different sectors of our industry and I feel this goes to show the breadth of support that could be available for BEN.”

10th November 2006/by Tyrepress Editors

Dispute Over Power Bill Shuts Dunlop India Factory

A mere two months after Dunlop India’s Ambattur factory restarted production, a cut in power supply has halted work yet again. The plant had recently reopened after eight years when the Ruia Group acquired the ailing tyre company. The Tamil Nadu Electricity Board (TNEB) cut supply to the plant at the end of October as current consumption charges for September were unpaid, thus halting production at the factory.

8th November 2006/by Tyrepress Editors

New Tyre Pressure Sensor From Infineon

Infineon Technologies has introduced the SP35 Tyre Pressure Sensor, said to be the first device to incorporate all the major active functions of a wheel-mounted Tyre Pressure Monitoring System (TPMS) module into a single package. The highly integrated device, which is mounted on a PCB (printed circuit board) with a battery and antenna to form a complete TPMS module, enables automotive industry suppliers to cost-effectively meet the requirements of U.S. safety regulations, and to address the growing worldwide demand for TPMS in new passenger cars and light trucks.

18th October 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

TIA Launches Internet Job Posting Service

(Akron/Tire Review) TIA has launched a new industry job board – Tire Industry JobNet. TIA partnered with JobTarget.com, a large provider of Internet-based job posting services, to develop the project. “Our members expressed a strong interest in this type of service,” said TIA Executive Vice President Roy Littlefield. “There is such a need for and scarcity of qualified employees in today’s marketplace. We are pleased to be able to offer this service, not only to our members, but to all companies in the industry.”

16th October 2006/by Tyrepress Editors

Apollo Tyres to Raise 2.5 billion Rupees

Apollo Tyres has received approval from shareholders for raising 2.5 billion rupees through the issue of equity shares. The shareholders also gave approval for the board to allot up to 400,000 warrants on a preferential basis in one or more “tranches to promoter group companies,” Apollo Tyres informed the Bombay Stock Exchange.

10th October 2006/by Tyrepress Editors

TRIB Board Meeting Time Changes

(Akron/Tire Review) TRIB will hold its annual board of directors meeting during the upcoming SEMA Show in Las Vegas. The meeting will be held on Monday, 30 October, from 16:00 to 18:00 at Caesars Palace. TRIB notes that the exact room location for the meeting will be announced later. The time of the meeting has also changed from its previously announced time.

3rd October 2006/by Tyrepress Editors

TIA Names Board of Directors

The Tire Industry Association (TIA) has announced the winners of the recent board of directors elections. The TIA membership voted in open elections to place ten individuals onto the TIA Board for three-year terms. The 10 winners in alphabetical order are:

28th September 2006/by Tyrepress Editors

Cynthia Feldmann Appointed to Hayes Lemmerz’ Board of Directors

Hayes Lemmerz has announced that Cynthia Feldmann has been appointed to the Company’s board of directors. With the addition of Ms. Feldmann, the Board now consists of seven members. Ms. Feldmann has also been appointed as the Chairperson of the Audit Committee and a member of the Nominating and Corporate Governance Committee.

21st September 2006/by Tyrepress Editors

Continental AG Takeover Bid Mutually Terminated

Continental AG’s executive board and “a private equity investor” have mutually halted a public takeover bid. “The Continental Executive Board has decided to make the termination of this process public to dismiss any rumours on the capital market. Continental AG did not enter into any material commitments in connection with this process,” an official company statement read. According to a Financial Times report, Bain Capital LLC led a group of private equity firms that offered to pay more than Continental’s 13 billion euro market value.

20th September 2006/by Tyrepress Editors

Telecom Italia: Tronchetti Provera Resigns

Following the public dispute initiated by Italian Prime Minister Romano Prodi, Marco Tronchetti Provera has now resigned from his position as boss of Telecom Italia. Although Tronchetti Provera always claimed the acquisition of the Italian Mobile Telephone Company TIM and its integration into Telecom Italia was an excellent strategic move, last week he revealed that a split into two separate companies again would be even better.

18th September 2006/by Tyrepress Editors

Scania Rejects MAN Bid

Scania has rejected MAN’s takeover offer. The news follows speculation and then confirmation that German truck and bus maker MAN launched an unsolicited bid worth 9.6 billion (£6.5 billion) for its Swedish rival Scania. Volkswagen and Investor, a Wallenberg family firm, each own major blocks of Scania shares and the Financial Times suggested Investor may reject the offer. The FT also hinted at possible counter bids from other firms, including Paccar. Swedish truck maker Scania says its board met on Sunday 17 September and “unanimously decided not to support the proposals” from MAN AG.

18th September 2006/by Tyrepress Editors