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Michelin-Venturi Electric Vehicle to be Unveiled at Paris Show

On September 12 Michelin announced that it is working together with Monaco based Venturi Automobiles on the production of a new generation electric vehicle. The partnership, says Venturi, enables Michelin to demonstrate the capabilities of its latest innovations on a high-performance vehicle, while enabling the automotive manufacturer to produce a vehicle featuring unprecedented architecture, dynamic qualities and overall technological excellence.

15th September 2008/by Tyrepress Editors

RAC Holds Recycling Conference

The Rubber Association of Canada is hosting the biennial Rubber Recycling Symposium, with the help of host sponsor Tire Stewardship British Columbia and the Rubber Manufacturers Association. The event will be held in Vancouver, B.C., on Oct. 29-31 at the Four Seasons’ Hotel.

The Rubber Recycling program was developed for recycling entrepreneurs, as well as those from the government, academia, industry consultants, environmentalists and rubber product manufacturers. For more information, visit www.rubberrecycling.ca. (Tire Review/Akron)

22nd August 2008/by Tyrepress Editors

US-Mexico Border Tyre Removal Agreement Signed

On August 15 environmental officials from ten states along both sides of the border between the USA and Mexico signed the Tire Initiative Letter of Understanding, a document committing the states to combat the issue of scrap tyres in the interest of public health. The agreement, signed during the annual Border Governors Conference in Los Angeles, is a joint partnership between the US Environmental Protection Agency (EPA) and the Mexican Ministry of Environment and Natural Resources.

19th August 2008/by Tyrepress Editors

Goodyear Presentation to be on the Web

Goodyear Tire & Rubber Co. officials will be presenting at the upcoming 11th annual JP Morgan Harbour Auto Conference, to be held in Dearborn, Michigan. on 14 August. The tyremaker’s presentation, which will discuss its future plans, will be web cast live at 10:45 am EST on the company’s investor relations Web site: http://investor.goodyear.com.

13th August 2008/by Tyrepress Editors

Bridgestone Expecting Deflated PCR Sales in North America

Declining sales of new cars in North America is expected to be reflected in lower passenger car tyre sales, says Bridgestone. The tyre major expects North America sales in this segment to fall 5 per cent this year. Company CFO Koki Takahashi added that the company expects OE tyre sales in North America to fall 14 per cent in 2008 and those in Europe to fall 3 per cent.

12th August 2008/by Tyrepress Editors

Bekaert Warns of Price Increases

Steel cord and wire manufacturer Bekaert has stated that anticipated increased raw material costs would lead to price increases for its products, including those employed in the tyre production process. These increases are expected to be implemented before the end of 2008.

Chief executive Bert de Graeve told a news conference on August 1 that “Price increases will have to be passed on to customers,”

1st August 2008/by Tyrepress Editors

Conti’s Rearguard Action Takes Shape

As an increasing number of voices speak out in favour of the proposed Conti/Schaeffler merger, Continental AG executives have called in a number of high profile investment banks to advise it on how best to defend its position. The most recent addition to this team is Deutsche Bank, which joins Goldman Sachs and JPMorgan as advisors.

The strategy behind the defensive manoeuvre appears to have two key objectives: to wrest complete control out of the clutches of the rapidly advancing Schaeffler; and to raise the suitor’s bid. Germany’s Handelsblatt reported that Conti chief executive, Manfred Wennemer told board members 89.74 euros per share (roughly 30% higher than the Schaeffler’s current 70.12 euros per share bid) is a ‘fair market price,’ for the tyre and automotive supplier. Other sources quote board members as saying 90 to 100 euros a share would be better. Could this be the target level the defence team will be seeking to achieve? And if so, how can Conti defend its position?

29th July 2008/by Tyrepress Editors

Bridgestone Research Head to Speak at Asia Tire Conference

The Director of Bridgestone’s tyre research division has been confirmed as a guest speaker at the Asia Tire Conference. Dr. Yukio Nakajima, who has been with the Japanese manufacturer for 25 years, is responsible for tire research, tire indoor testing, and advanced tire technology. After graduating from Kyoto University and receiving a PhD in Mechanical Engineering from the University of Akron, Nakajima has contributed significantly to research on tyre noise, snow traction, tyre-related Computer-Aided Engineering, durability, manoeuvrability, the reduction of vehicle noise and wear. He has published papers and presented at conferences regularly, in addition to completing 17 patent applications.

The Asia Tire Conference will take place at the San Want Hotel in Shanghai, China on 18-19 September, 2008 and will also include The 2nd China Tire Market Development Strategy Seminar. The latest forecasts show that Asia will own a quarter automobile of the world in 2015. With the sustained rise of China’s automobile sector, the country has become the world’s fastest-growing market. This makes the conference an important and potentially enlightening event in the tyre industry’s calendar.

21st July 2008/by Tyrepress Editors

Goodyear to Report Second Quarter Earnings

Goodyear will report their financial results from the second quarter 2008 before markets open on 31 July on its investor website. After the announcement, the company will host an investor conference call at 10.30, with CEO Robert J. Keegan, CFO W. Mark Schmitz and senior vice president, finance and strategy Darren R. Wells participating.

The call can be accessed by members of the media and interested parties on the day live, or with a taped replay to be posted at 15.00.

15th July 2008/by Tyrepress Editors

Pirelli to Invest $100 million in Doubling China Tyre Capacity

Pirelli & C has announced that it will invest $100 million in expanding the capacity of its Chinese tyre production operation over the next two years. The investment is designed to double the company’s passenger car tyre production capacity by 2011, while also increasing truck tyre output. According to the Reuters news agency, the expanded capacity could double Pirelli’s share of China’s market to 10 per cent within five years.

The investment would mean Pirelli’s total Chinese tyre capacity would rise to 11 million passenger car and truck tyres and could help China become Pirelli’s second largest global market within five years, Reuters quoted Pirelli chairman, Marco Tronchetti Provera as saying.

10th July 2008/by Tyrepress Editors

Infinity Partners Visit Dubai

With an increasing number of distributors joining the Infinity partners scheme, the brand is reportedly gaining “steady momentum” in the competitive price passenger car and truck sectors. According to company representatives, partners have been appointed in 25 countries across Europe during the past 12 months.

At the end of April, parent company – The Al Dobowi Group in conjunction with its European subsidiary – Goldspark Trading Ltd, organised a special three-day dealership event in Dubai entitled ‘Infinity Partners Day’. The appointed Infinity distributors in Europe, the UK and Ireland were invited to be the guests of Al Dobowi’s Chairman, Surender Singh Kandhari and his family for a combination of business and pleasure in the United Arab Emirates staying at the very impressive luxury hotel complex – Al Murooj Rotana Hotel in Dubai.

8th July 2008/by Tyrepress Editors

TIA Appoints New Treasurer and Sectretary

At its annual conference between 11 and 13 June, the Tire Industry Association (TIA) elected Tom Formanek as the new Board treasurer, and Michael Berra, Jr. as the new secretary. Both Formanek and Berra will assume their new roles effective 3 November, 2008.

Formanek is the manager of Tire Service Products with Stellar Industries, based in Garner, IA. He has served as a TIA Board member since 2002 and was a Tire Association of North America (TANA) and National Tire Dealer & Retreader Association (NTDRA) Board Member since 1992.

2nd July 2008/by Tyrepress Editors

Hybrid & Electric Vehicles Gaining Recognition – But Slowly in the UK

A survey of 8,000 motorists Conducted on behalf of Continental in eight major international markets indicates that electric and hybrid drive vehicles are currently the subject of “remarkable” interest amongst motorists. At the start of 2008 the market research company TNS/Infratest surveyed approximately 1,000 motorists each in China, Germany, France, UK, Japan, Austria, Switzerland and the USA, asking a series of questions focused upon their current knowledge and opinions of hybrid drive systems, driving styles and battery powered cars. The feedback received showed that 36.0 per cent of those surveyed were willing to buy a hybrid drive car and a surprising 45.8 per cent expressed an interest in purchasing an electric car. “This trend holds great potential for us as an automotive supplier and provider of environmentally-friendly drive technologies,” said Dr. Karl-Thomas Neumann, Conti Executive Board member and chief technology officer, at a press conference in Austria.

30th June 2008/by Tyrepress Editors

Nokian Tyres Named a Candidate for Nordic Environment Price

Finland’s Nokian Tyres is one of 37 candidates competing for the Nordic Council’s Nature and Environment Prize 2008. The regional environmental prize is contested by companies throughout the region, and this year sees entries from Sweden, Finland, Denmark, Norway, Iceland and the hard-to-spot-in-the-atlas autonomous island of Åland

The theme for this year’s Nature and Environment Prize is lower energy consumption with better tools. The prize will be awarded to a Nordic product, invention or service that helps to reduce people’s energy consumption. To be eligible, a product, invention or service must be potentially applicable to all of the Nordic countries and make a significant impact. It can be anything from a single object to a major system.

13th June 2008/by Tyrepress Editors

Bridgestone Outlines Plan to ‘Make Cars Green’

June 5 was World Environment Day, and Bridgestone chose the occasion to announce its action plan for “Make Cars Green”, an initiative that seeks to raise awareness of the need for greener motoring around the world. During a parliamentary conference in Wellington, New Zealand, host city for World Environment Day this year, Mr. Shoshi Arakawa, chairman of the Board, CEO and president of Bridgestone Corporation, and Mr. David Ward, director general of the Federation Internationale de l’Automobile (FIA) Foundation, made the announcement that the Bridgestone Group will promote the initiative on a worldwide scale as a global partner of the FIA.

9th June 2008/by Tyrepress Editors