Speaking at the signing ceremony of Shandong Linglong Tire’s agreement with German football club VfL Wolfsburg, the tyre maker’s CEO spoke of the “first class exposure” and substantially increased brand awareness the partnership will bring. He also discussed Linglong Tire’s growth ambitions and the role Europe will play in achieving these.
Mild weather is responsible for far fewer winter tyres being sold in the European market in October, reports Michelin. Statistics released by the tyre maker show a seven per cent year-on-year decline in replacement market passenger car and light truck tyres in Europe (including Russia and Turkey). This drop in sales follows year-on-year growth of one per cent in the third quarter of the 2014 and was not reflected in the original equipment market, which enjoyed a three per cent year-on-year increase in November. Between the start of the year and 31 October, the original equipment and replacement markets are respectively four per cent and two per cent higher year-on-year.
Shandong Linglong is opening an office for its new US company, Linglong Americas in Ohio. The site in Medina was formally announced by Wang Feng, CEO and
president of Linglong Tire during an event at the recent SEMA Show in Las Vegas. According to at least two online news sources, the establishment of Linglong Tire’s US company forms part of a broader expansion plan.
Registrations of new passenger cars within the European Union were up for the thirteenth month in a row in September. Information published by the ACEA (European Automobile Manufacturers Association) shows a 6.1 per cent year-on-year increase in registrations for the month across the combined EU28 and EFTA regions, and a 5.7 per cent rise for the EU15 and EFTA regions.
Unit sales for tyre makers belonging to the European Tyre and Rubber Manufacturers Association were stable in on-road segments during the third quarter of 2014, while the agricultural segment experienced a year-on-year decline. Unit sales of passenger car tyres increased 1.4 per cent to 58,409,000 pieces, a development the ETRMA attributes to a growth in new car registrations. Commercial vehicle tyre unit sales remained relatively flat, declining only 0.23 per cent to 2,552,000 pieces, while two-wheeler tyre sales were up 0.90 per cent to 1,797,000 units. The only area of the market where ETRMA members saw major movement was in the agricultural segment, and this was movement of the unwelcome variety, as unit sales dropped 8.97 per cent to 386,000 pieces.
Half a dozen new SUV lines have entered Nokian Tyres’ summer tyre portfolio, and the Finnish manufacturer also reports that it has added to its van tyre range.
A new tyre testing facility has been added to Kumho’s European Technical Centre (KETC) in Papenburg, Germany. The 1,000 square metre premises will facilitate the upwards of 3,000 tyres that the KETC tests a year and it houses a nine-strong test team along with all the required tyres and wheel rims. Kumho says the adjacent proving ground has been particularly designed to encompass subjective handling, wet handling characteristics, aquaplaning, driving comfort, interior/exterior noise and braking on all surfaces. These activities are supported by GPS-based measurement systems and digital evaluation of the tyre footprints.
It isn’t just European tyre markets that were up in the first half of 2014 – UK-based automotive intelligence supplier JATO Dynamics states that the European new car market grew 5.8 per cent year-on-year in the period from January to June. Sales growth of 4.3 per cent in June means that year-on-year sales increased for the tenth consecutive month. Great Britain recorded the biggest year-to-date increase in units sold – over 120,000 more than the first half of 2013, a 10.6 per cent increase. Overall, 24 of the 30 countries analysed recorded year-to-date increases in volumes compared to the same period last year, including Europe’s five largest markets – France, Germany, Great Britain, Italy and Spain.
An all-new Mini entered the market this year, and it’s longer and wider than the previous model – 107 mm longer and 44 mm wider in hatchback form, to be precise. But not everything has changed; Hankook remains original equipment supplier for the Mini, and is providing four tyre lines for the new-generation car. All original equipment tyres for the Mini are produced at Hankook’s factory in Hungary.
Mid-way through the Essen Show, the people behind one of the largest plots in hall three (home to the Infinity, Westlake and Linglong brands) announced that they are changing their corporate identity. And while this did mean the unveiling of a Zenises logo and a new range of Z branded tyres, speaking to chief executive officer Harjeev Kandhari reveals that the concept goes far further than this.
The IAAF is asking suppliers and motor factors to give their views and experiences on accessing vehicle assemblers’ parts data. Research group Ricardo has issued its questionnaire for parts suppliers and wholesalers, having been appointed by the European Commission to collect and assess market experience in obtaining repair & maintenance information data for repairing and servicing vehicles.
China-based Triangle Group Co. Ltd. may already be the world’s 15th largest tyre manufacturer, according to Tyres & Accessories’ latest global tyre manufacturer ranking, but it is clear that the company is intending to go far further than this. Rhetoric to this effect is not uncommon amongst Far Eastern businesses, but as is always the case, actions speak louder than words. With its latest appearance in Essen Triangle has begun fleshing out its plans to take the company from being a Chinese manufacturer with export sales to being a large international manufacturer with global reach.
At this month’s Reifen 2014 show in Essen, Germany, Hankook Tire will occupy more than 300 square metres of exhibition space at in Hall 3.0 (stand 3A32). At this, the 11th occasion the tyre maker has exhibited at the trade fair, Hankook will display an extended UHP line-up and will highlight its recent original equipment segment activities.
During the first quarter of fiscal 2014, Bridgestone achieved net sales of 863.6 billion yen (£5.0 billion), an 8.7 per cent year-on-year increase on the 1 January to 31 March 2013 quarter. Operating income was 116.3 billion yen (£677.1 million), up 56.3 per cent year-on-year, while operating margin rose from 9.4 per cent a year ago to 13.5 per cent in the first quarter of 2014. Net income increased 66.9 per cent year-on-year to 71.9 billion yen (£418.6 million).
The Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has elected Carlos Ghosn, chairman and CEO of Renault, as its new president. Ghosn takes over from Philippe Varin, former chairman of the Board of Management of PSA Peugeot Citroën. This change is effective immediately.
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