competition Archives - Page 6 of 49 - Tyrepress

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EC to investigate anticompetitive practices in automotive exhaust sector

Company News, International News

Only days after five companies were fined a total of €953 million for participating in a cartel within the automotive bearing market, the European Commission has reported its concerns that a number of companies in the automotive exhaust systems segment may have violated EU antitrust rules that prohibit cartels, restrictive business practices and/or abuse of a dominant market position. On 25 March, officials from the European Commission undertook unannounced inspections at the premises of companies active in this sector. The Commission officials were accompanied by their counterparts from the relevant national competition authorities.

27th March 2014/by Tyrepress Editors

VMI Group expands following strong sales growth

International News

Leading tyre building machinery maker VMI Group is planning to “significantly expand” its operations. This means a new factory building will be constructed in Epe, The Netherlands and current buildings will be restructured to enhance lean production. A new R&D and engineering office will also be built. In China, VMI reports that it is working with authorities to expand its facilities there. According to the company, the expansions follow “strongly increased turnover” at VMI.

26th March 2014/by Tyrepress Editors

Lanxess post results for “challenging” 2013

German specialty chemicals company Lanxess AG reports that its sales decreased 8.7 per cent year-on-year in 2013, to €9.1 billion, and it says this decline is primarily attributable to lower selling prices in its Performance Polymers business segment due to lower raw material prices, and to the “challenging competitive situation.” On the back of increasing production-related costs and negative currency effects, EBITDA pre-exceptionals decreased 39.9 per cent year on year to €735 million, which was within Lanxess’ guidance range of €710 million to €760 million. Lanxess says a slight increase in volumes was unable to compensate for the decline in earnings. The Group’s EBITDA margin pre exceptionals fell to 8.9 per cent from 13.4 per cent in 2012.

25th March 2014/by Tyrepress Editors

Pirelli to extend Star Driver Scheme

Pirelli has announced the expansion of its Star Driver Scheme, which has previously helped up-and-coming talent such as Elfyn Evans reach the top of world rallying. In a change to the previous on-event selection process, the 2014 MSA British Rally Championship’s Pirelli Star Driver nominations will be awarded to each of the BRC’s five category champions at the end of the season.

28th February 2014/by Andrew

Maxxis support for off-road event

Maxxis International is to sponsor the 2014 edition of the Welsh X-Trem off-road challenge, following on from its support for the 2013 event. The event will take place on 8-9 March across the 2,500 acre Walter’s Arena near Glyn Neath and organisers say they have spent many hours ensuring vehicles and their tyres will not […]

21st February 2014/by Andrew

Over 1412 students sign up for Valeo Challenge

International News

Over 1412 students around the world are participating in the Valeo Innovation Challenge. According to the company, a total of 969 teams of engineering students from 55 countries and representing 455 universities have submitted their projects, with the goal of winning the €100,000 first prize.

20th February 2014/by Tyrepress Editors

New finish for Calibre Motion 2 Wheel

Wheelwright has released details of the first new addition to their 2014 collection: a superb new finish on their ever-popular Calibre Motion 2.

10th February 2014/by Tyrepress Editors

2.5 million uninsured cars on UK roads

There are now 2.5 million uninsured on UK roads, according to the new Private Motor Insurance Market Report, published by Lake Market Research. The report also suggests that 84 per cent of motorists want car insurance to be more tightly regulated and only 49 per cent of motorists completely trust the price comparison websites.

30th January 2014/by Tyrepress Editors

Micheldever announces Falken Tyres’ national VW up! competition winner

Micheldever and Falken Tyre Europe, have announced the result of their nationwide competition. Thomas Clarke from the Forest of Dean, Gloucestershire, won the Volkswagen up! after entering the competition when he bought some tyres from the Coleford Five Acres Garage in November. Clarke said: “I always like to support my local businesses, so when Fives […]

24th January 2014/by Andrew

Bandag sues transport company for trademark infringement

International News

Bridgestone America’s retreading operation is suing a van-transport company for trademark infringement, reports indicate. In a suit filed this week in the US District Court for Middle Tennessee, Bridgestone Bandag Tire Solutions says the newly-designed logo used by Bandago, a California-based company that provides van rentals primarily for touring musical acts, may cause consumer confusion.

22nd January 2014/by Tyrepress Editors

Falken offers chance to win tyres in online racing sim

Falken Tyre Europe is giving players of the free-to-play racing simulator, RaceRoom Racing Experience the chance to win a new set of Falken UHP tyres. The tyre brand has created the Falken Track Test Competition together with game developer SimBin, as a free extension to the simulator. Players drive a Falken-liveried RUF RT12R, and drivers […]

13th January 2014/by Andrew

Pirelli unveils new WRC range at Autosport

Pirelli has launched its new range of four rally tyres ahead of its reintroduction to the World Rally Championship. Exhibited at Autosport International, the Italian manufacturer has designed a new RK in size 235/40R18 with hard and soft compound options and Sottozero studded and studless models for Monte Carlo in size 235/40R18 for asphalt; a […]

10th January 2014/by Andrew

Formula E tyres to feature RFID

Michelin says it is working on a ‘communicating’ tyre for the Spark-Renault SRT_01E car that will be used by all teams during the first year of the new FIA Formula E Championship. The announcement was made during a demonstration run by the electric single-seat race car at the 2014 Consumer Electronics Show (CES) in Las Vegas, USA.

7th January 2014/by Tyrepress Editors

Top independent Grouptyre customers claim New York reward

Grouptyre’s top independent customers claimed a trip to New York City in early December as part of the 2013 Grouptyre Rewards programme. The dealers earned a place for themselves and a partner by purchasing volumes of exclusive brands Evergreen, Federal and Goodride tyres from the wholesaler during 2013.

19th December 2013/by Andrew

Micheldever wins training and customer service awards

Just a week after being named Tyre Retailer of the Year at the TyreSafe Awards, Micheldever Tyre Services Limited and its retail arm Protyre, have picked up two more industry awards. This time for customer service and staff training. Both awards were judged by an independent panel of experts organised by Training Journal magazine. Nominations came from all sectors of UK industry. According to the company, Training Journal is the UK’s leading training publications and their annual awards. The scheme attracts entries from major and international companies and this year submissions were up by 30 per cent.

19th December 2013/by Tyrepress Editors