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Heavyweight Performance Tyres

During the course of 2006 Singapore based wholesaler/distributor Sumo Tyres has aimed to increase its sales presence and media impact in the UK and Europe, marketing its Sumo range as a new brand alternative in the high performance and ultra high performance sectors.

Sumo tyres are available in a range of size and pattern styles, spanning a number of different sectors of the international tyre market. It is the high performance range that the company has specifically targeted for future sales growth through their recently introduced Sumo Firenza range.

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Cooper Posts $25 million 3Q Net Loss

Cooper Tire & Rubber Co. reported a $25 million net loss in the third quarter of 2006 despite quarterly sales improving 28 per cent to $716 million. Through the first nine months of 2006, Cooper posted a net loss of $51 million against sales of $1.9 billion, up 22 per cent versus the same period of 2005. Sales at Cooper Europe reached $80 million, up more than 14 per cent compared to the same period last year. The increase in European sales is said to have been the result of approximately 3 per cent higher unit volume, the impact of prices increases and favourable exchange rates.

Cooper said the quarterly loss was due to a number of factors, including costs associated with North American inventory adjustments; $5 million in severance paid to former chairman, president and CEO Tom Dattilo; expenses related to closing its Athens, Georgia, plant; and the restructuring of its European operations.

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  1. Cooper Idles All Four US Plants
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New Slogans For BFNAT

Bridgestone Firestone North American Tire (BFNAT) used its dealer meeting, run in parallel with the SEMA Show in Las Vegas, to unveil new slogans for its Bridgestone and Firestone tyre brands. “It’s Bridgestone or Nothing” is the new tagline for the Bridgestone brand, while the Firestone brand will be tagged with “A Tradition of Innovation.” Bridgestone UK and Europe representatives told Tyres & Accessories that there are no current plans to transfer the new slogans to markets on this side of the Atlantic.

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Cooper Announces Champ Atlantic Deal at SEMA

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Cooper has given details of a new motorsports partnership with the Champ Car Atlantic Series. “The Cooper/Champ Atlantic partnership is mutually beneficial. We have conducted extensive testing with the newly-designed Swift 016.a chassis and have been able to provide a tyre that allows for the best possible setup for optimal performance of both the car and tyre. The Cooper Tire racing slick allows for more adjustments in the mid-range, giving teams and drivers more scope overall. We are confident that the tyres will meet and exceed the teams’ expectations, resulting in high level competitive racing,” said Julian Baldwin, as vice president, European Operations, and managing director, Cooper Tire & Rubber Company Europe.

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SEMA Show 2006: Conti Launches New ContiSportContact 3

(Las Vegas/Tire Review) Continental Tire North America is using the SEMA Show to launch the ContiSportContact 3 performance tyre line. Released in Europe earlier this year, the tyre makes its North American debut this week in Las Vegas. Already OE on the Audi TT and A6, the ContiSportContact 3 was developed for high performance vehicles and provides shorter braking distances, enhanced handling characteristics and superior grip on wet roads, according to CTNA.

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Pirelli Price Increase

Pirelli & Co SpA has announced it will increase the price of its passenger car, light truck and SUV by an average 5 per cent across Europe and export markets by the end of 2006. All brands within the Pirelli group will be affected by the increase.

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AIRP to Take Action Against Non-ECE-Certified Retreaders

There has not been any seismic shifts in the market since the UN-ECE regulations 108 and 109 were made mandatory in Europe on 13 September 2006. Many retreaders were already working according to these new regulations voluntary. Now, four week after the regulations came into effect, the Italian Tyre Retreaders Association AIRP has discussed ways of dealing with the black sheep in the Italien retreading industry and whether legel steps should be taken. There are currently 66 truck and passenger car tyre retreading plants in Italy which are operated by AIRP members.

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New President & CEO For SmarTire

The board of directors of SmarTire Systems Inc. has promoted Vice President of Sales and Marketing, David Warkentin to President & Chief Executive Officer of SmarTire. Prior to joining SmarTire in August 2005, Warkentin was the vice president of sales for Intrinsyc Software International, Inc., a Canadian public company that provides engineering services to wireless mobile device makers and licensable software for the wireless telephone handset market.

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Bandag’s Third Quarter Figures: Europe Remains the Problem

Bandag, Inc. was able to increase its turnover in the third quarter to $260.2 million; up by 5.2 per cent compared to the second quarter of this year and reaching a new record high. Compared to the same quarter last year turnover grew by 6.1 per cent. However, net income plummeted by 50.8 per cent. Bandag, Inc. based in Muscatine, Iowa, only achieved a net income of $9.2 million compared to $18.7 million for the same quarter last year. This net income equals a 3.5 per cent margin on Bandag’s turnover. Compared to the previous quarter the net income only fell by 12.4 per cent from $10.5 million. Obviously Europe remains the problem, as can be read up in Bandag’s current quarter report.

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Alcoa Wheels Keep Action Cancer Big Bus Rolling

Alcoa Wheel Products has a policy of contributing to the communities in which it operates and a good example is the company’s support of Action Cancer, Northern Ireland’s leading cancer charity, with the donation of a set of Alcoa Dura-Bright wheels. The charity recently made a substantial investment in a new high tech “state of the art” purpose built vehicle called Big Bus. This mobile unit was constructed by Browns Coach Works in Northern Ireland and is pulled by a new Volvo FH 400, the first Euro 5 in Europe. This unit was supported by Volvo GB and supplied by Volvo’s Northern Ireland dealer Dennison Commercials. Alcoa’s donation of Dura-Bright wheels will help keep the Big Bus looking good and easy to clean.

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China’s Vehicle Imports Up 72 per cent

Vehicle imports into China totalled 147,000 units in the first eight months of this year, the Xinhua news agency has reported. This is up almost 72 per cent on a year earlier. The imports were worth US$4.84 billoin and most came from Europe, South Korea and the US. Luxury cars and SUVs with engines of over three litres accounted for 49,000 of the vehicles imported. This was up 110 per cent on a year ago. The main buyers of SUVs were described by China’s General Administration of Customs as private mine owners, real estate developers and owners of private entertainment businesses. China lowered import tariffs on cars, cross-country vehicles and mini-buses from 28 per cent to 25 per cent on 1 July.

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Investments Boost Rockingham’s Success

Since Corby Developments Limited acquired the majority shareholding in the Rockingham racing circuit in late 2005, it has implemented a £5 million development plan to give the circuit a major makeover. Billing itself as “Europe’s fastest motor racing circuit” – a claim based on the fact that in 2001 Tony Kanaan went round Rockingham’s 1.5 mile oval in 24.719 seconds in his Ford/Lola Champ car – the scope of the facilities now available at Rockingham has attracted a number of events. This year the circuit has already hosted the Avon-sponsored British GT, 2006 Pickup Truck Racing Championship, SCSA Third Round and the Rockingham VSR Championship.

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Sava Tires Moves Within Goodyear

Goodyear-owned tyre maker Sava Tires, one of Slovenia’ largest exporters, has become part of a new organisational structure of 11 Central and Eastern European countries. The move has reportedly been made to make the company more responsive and does not entail moving production away from Kranj, Sava Tires said in a press release on 2 October.

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Michelin Alpin Recommended by ADAC

The new Michelin Alpin cold weather tyre has been awarded the highest rating – ‘highly recommendable’ in a comparative test conducted by ADAC, the German Automobile Association and Europe’s largest automobile club. ADAC, together with its Austrian and Swiss counterparts—Österreischischer Automobil Motorrad und Touring Club (ÖAMTC) and Touring Club Suisse (TCS)—compared nineteen 185/60 R14 cold weather tyres.

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Advan Named as Control Tyre for New Series

Yokohama has announced that it will supply an Advan branded control tyre for a new race series that will form part of the support package for the Advan-equipped 2007 FIA World Touring Car Championship. Currently called Formula S2000, the new series will feature identical single-seater chassis powered by a 250bhp four-cylinder engine and running on control Yokohama Advan tyres.

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