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Peugeot Citroen Chairman to Retire

Jean-Martin Folz has informed Thierry Peugeot, chairman of the Supervisory Board of Peugeot S.A., that he wishes to retire at 60. He will turn 60 in January 2007. Mr Folz was appointed chairman of the managing board on 1 October 1997. Thierry Peugeot has put the Supervisory Board’s Compensation and Appointments Committee in charge of launching the selection process of the future chairman of the Group’s managing board who is to replace Jean-Martin Folz. The new chairman will take up his duties during the first quarter of 2007.

8th September 2006/by Tyrepress Editors

Bandag Adopts Shareholder Rights Plan

(Akron/Tire Review) Bandag Inc.’s board of directors adopted a shareholder rights plan ”designed to enable shareholders to realize the full long-term value of their investment and to provide for fair and equal treatment for all shareholders in the event that an unsolicited attempt is made to acquire the company,” Bandag said.

23rd August 2006/by Tyrepress Editors

Beru Reports Double-Digit EBIT Growth in First Half 2006

Beru AG increased its total sales revenues in the first half of the 2006 financial year by 10.4 per cent to 223 million euros. During the same period, operating profit (EBIT) increased by 23.2 per cent to 30.9 million euros. The Company, which has been listed on the Frankfurt Stock Exchange since the end of February 2006, generated a group net profit of 20.6 million euros.

15th August 2006/by Tyrepress Editors

Amerityre Gets New President

(Akron/Tire Review) Kenneth C. Johnsen has been named president of Amerityre Corp., effective 7 August. Richard Steinke, chairman and founder, made the announcement. Steinke, who had been serving as both president and CEO, will continue to serve as chairman and CEO, while Johnsen will assume executive responsibilities. Johnsen had been a member of the company’s board of directors since October 2005.

10th August 2006/by Tyrepress Editors

Samir Kumar Paul Appointed Dunlop India MD

Samir Kumar Paul has been appointed as the new managing director of Dunlop India. Following the acquisition of the company from the Chhabrias, company owner, Ruia, had brought Ashok Jajodia, Dipak Rudra, Narayan Prasad Agarwalla, and Sajid Khan onto its board. The company has taken steps to compile and reconcile accounts for 2001-02, after getting access to statutory and other relevant records from its erstwhile registered office at Dunlop House.

4th August 2006/by Tyrepress Editors

Pirelli Deal Still Being Considered, Say Reports

(Akron/Tire Review) Strong rumours continue to persist that Pirelli SpA will strike a deal to sell a 39% share in its global tyre operations to a consortium of banks. The deal is reportedly worth 750 million euros.

28th July 2006/by Tyrepress Editors

Double Celebration for New First Stop Dealership

York-based Moss Tyres is celebrating its 50th anniversary with a move to Bridgestone’s First Stop network of independent tyre dealerships. Managing director Richard Stow believes joining First Stop will enable his team to build on a successful base and continue upholding values of honesty, hard work and professionalism for many more years to come.

21st June 2006/by Tyrepress Editors

Pirelli Announces IPO Date, Sells Inter Milan Shares

The Board of Directors of Pirelli & C. S.p.A has announced it will begin its initial public offering for Pirelli Tyre S.p.A on 21 June. Pirelli Tyre S.p.A. gained Borsa Italiana approval for the listing on 12 June 2006. Banca Caboto, Capitalia, Goldman Sachs International, J.P. Morgan Securities, Mediobanca, Merrill Lynch International and Morgan Stanley, will act as Global Coordinators for the Global Offering.

16th June 2006/by Tyrepress Editors

Hayes Lemmerz Reports OP of $7.4 Million in 1Q 2006

Hayes Lemmerz International, Inc. has reported that sales for the fiscal first quarter ended 30 April 2006 totalled $572.8 million, down 2.8 per cent from $589.2 million a year earlier, with approximately 56 per cent of sales from international markets. Earnings from operations for the fiscal first quarter were $7.4 million, down from $13.2 million a year earlier.

13th June 2006/by Tyrepress Editors

Michel Rollier To Run Michelin Alone

During a Challenge Bibendum press conference in Paris on Saturday 10 June, Michel Rollier stressed that he is Michelin’s only managing partner at the moment and there are no current plans to name a second “gérant.” The executive board will remain as it is, news sources quoted Rollier as saying.

12th June 2006/by Tyrepress Editors

Taylor Gets Another Term at Titan Helm

(Akron/Tire Review) Morry Taylor was again elected chairman and CEO of holding company Titan International Inc. Stockholders re-elected Taylor and elected new board members at the company 18 May annual meeting, held at Titan’s recently acquired Freeport, Illinois agricultural tyre plant.

1st June 2006/by Tyrepress Editors

Apollo Tyres Plans Share Issue

The board of Indian tyre manufacturer Apollo Tyres Ltd. has approved a plan to raise 2 billion rupees (34 million euros) through a public issue of shares. Apollo also plans a rights issue, whereby company shareholders would get one share for every six held under the rights issue. The company would also allot one warrant for every four rights shares issued.

26th May 2006/by Tyrepress Editors

Pirelli’s Francesco Gori to be President of New Trade Association

Francesco Gori, General Manager Tyre Sector, Pirelli&C SpA, was nominated President of the European Tyre and Rubber Manufacturers Association (ETRMA) following the first Board meeting today in Brussels. The new non-profit association, the formation of which was announced today in Brussels, will replace the former rubber industries trade association (Bureau de Liaison des Industries du Caoutchouc “BLIC”) founded in 1959. The new association is designed to represent the tyre and general rubber goods industry with the European Union Institutions and other international organisations.

22nd May 2006/by Tyrepress Editors

Canadian Tire Shakes Up Top Management

(Akron/Tire Review) Tom Gauld has been named president and CEO and a director of Canadian Tire Corp. He succeeds Wayne Sales, who stepped down from the board and his position as president and CEO. Sales will stay on as vice chairman in an advisory capacity to Gauld. Gauld, the past president of Canadian Tire Financial Services, had retired from the company last year.

2nd May 2006/by Tyrepress Editors

Mytyres Welcomes 1,000th Fitting Partner in the UK

On-line tyre supplier Delticom welcomes the 1,000th fitting partner, Robert Henderson from Summerlea Garage in Glasgow, who has joined the company in the UK. He joins other companies in the UK who have become fitting partners at www.mytyres.co.uk , the online shop for purchasing tyres. Delticom has a well-developed network of service partners in Europe. There are more than 7,900 satisfied fitting partners across Europe enjoying working together with Delticom.

27th April 2006/by Tyrepress Editors