December Archives - Page 26 of 35 - Tyrepress

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Goodyear Announces Senior Notes Offering

The Goodyear Tire & Rubber Company said that it intends to commence an offering of approximately $1 billion aggregate principal amount of three-year and five-year senior notes subject to market and other customary conditions. The notes will be senior unsecured obligations of the company. Goodyear intends to use the net proceeds from this offering to repay at maturity $515 million principal amount of its existing notes due December 1, 2006, and March 1, 2007. The company will use the remaining cash for general corporate purposes, which may include addressing the continuing strike by the United Steelworkers union.

16th November 2006/by Tyrepress Editors

Cooper Announces Dividend

Cooper Tire & Rubber will pay out a quarterly dividend of 10.5 cents per share on common stock (payable 29 December 2006) to stockholders of record at the close of business 1 December 2006. This will mark the 139th consecutive quarterly dividend paid by Cooper Tire & Rubber Company.

13th November 2006/by Tyrepress Editors

Michelin Raising OTR, Industrial Tyre Prices

Michelin North America will increase prices by up to 6 per cent on all of its earthmover and industrial replacement tyres sold in North America. The increase will take effect 1 December. Michelin said that backorders will be re-priced and shipped at the new prices.

3rd November 2006/by Tyrepress Editors

Trade Angry at MOT Fee Delay

A long-awaited £6.20 increase in the MoT test fee has been put back more than six weeks by the Department for Transport. Testers expected the increase to be brought in on 1 October, but have now learned it has been put back until 24 November. Some now fear this deadline will slip even further back into December, the NTDA website reported. The traditional date for an MoT fee increase is 1 August.

31st October 2006/by Tyrepress Editors

Good Garage Scheme Launches Second Phase

The Good Garage Scheme has launched the second phase of its marketing campaign to attract older car owners and female drivers to the scheme. Throughout November and December a programme of leaflet drops, editorial coverage and radio and vehicle advertising is aiming to further raise the awareness of the Good Garage Scheme and its portal – www.goodgaragescheme.com – to millions of motorists throughout the North East Region, the first region on the scheme. There are now 810 Good Garage Scheme members in the UK. The latest marketing campaign is seen as a prelude to taking the scheme to a National level in March 2007.

30th October 2006/by Tyrepress Editors

New Interstate Tyres On The Way

The Interstate passenger car tyre range consists of 29 sizes, in two different patterns; the Interstate Touring IST-1 and the Interstate Sport IXT-1. This covers a large part of the European replacement market for passenger car tyres.

24th 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

Brian Smith to Leave Continental

Brian Smith is to leave Continental Tyre Group Ltd at the end of December, after 13 years as managing director. Since he joined in 1993, Continental’s UK turnover has more than doubled to £250 million and profit has reportedly reached record levels. His successor as managing director of the Continental Tyre Group will be announced before the end of 2006.

16th October 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

Sibur-Russian Tyres Opens Credit Line

Sibur-Russian Tyres Company, the leading manufacturer of truck and agricultural tyres in Russia, has obtained a credit line worth $300 million from Evrofinance Mosnarbank. The loan’s fixed interest rate is 8.5 per cent per annum.

13th September 2006/by Tyrepress Editors

New Sizes Added to Interstate Range

As part of its continuing size updating programme, Interstate Tires is introducing two new popular sizes. From December 2006 Interstate Sport IXT-1 will be available in 225/55R16 RF (reinforced) 99W, while the Interstate Sport IXT-1 will also come in 235/45R17 RF 97W. The Sport IXT-1 is described as an Ultra High Performance tyre with a directional pattern. The Sport IXT-1 boasts a special performance compound and tread pattern, for “incredible road holding in all conditions, especially in wet.” The programme runs from 13 to 18 inches and is available up to W-speed-rating and lots of XL load indexes.

13th September 2006/by Tyrepress Editors

‘You Have Been Seen Driving While Using Your Mobile’

Police in the Gosport area are looking for a vigilante who has slashed the tyres of at least 20 people accused of driving while talking on cell phones. According to reports, the overnight attacks have been taking place for several weeks, and each one is accompanied by a warning made from words cut out of newspapers. “Warning. You have been seen driving while using your mobile phone,” the messages say.

15th August 2006/by Tyrepress Editors

Bridgestone OP down 8.7 per cent

Bridgestone Corp. has reported that first half operating profit fell 8.7 per cent to 84.11 billion yen (£382 million) on account of raw material costs. Net profit dropped 67.7 per cent to 32.82 billion yen (£146.6 million), partly due to a one-off pension-related gain of 80.8 billion yen in the year-earlier period.

9th August 2006/by Tyrepress Editors

Alliance Tire Wins $4 million Caterpillar Contract

Alliance Tire Co. ltd. has signed a supply contract with Caterpillar Inc., the world’s largest manufacturer of heavy engineering equipment. Alliance Tire expects the contract to generate $4 million revenue through December 2007. According to Alliance, the relationship could create other business opportunities for the company and help it penetrate new markets.

14th July 2006/by Tyrepress Editors

Ultimate Driving Experience for Millennium Winners

Viking International is pleased to announce the winners of its recent Millennium competition. The Ultra High Performance Millennium tyre range, launched at the beginning of the year, was introduced alongside a competition for trade customers with the chance to win an all expenses paid motorsport day courtesy of Viking International.

21st June 2006/by Tyrepress Editors