Europe Archives - Page 49 of 179 - Tyrepress

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European tyre makers achieve 47 billion euro turnover in 2011, production up 6.6%

During 2011, some 4.8 million tonnes of tyres were manufactured in Europe, a figure representing 24 per cent of the global total. Overall tyre production levels within the region were 6.6 per cent higher than in 2010. European replacement market sales totaled 301.7 million units during the year, an increase of 4.41 per cent over 2010 levels; replacement passenger car and light commercial vehicle tyre sales came to 289 million units, up 4.21 per cent, and replacement commercial vehicle tyre sales amounted to 12.6 million units, a 9.1 per cent year-on-year increase.

28th August 2012/by Tyrepress Editors

Redundancies at Cooper’s Melksham plant confirmed

Cooper Tire & Rubber Europe Ltd says “difficult market conditions in Europe” are behind the recently-announced redundancies at its Melksham site. The tyre maker has confirmed some 50 redundancies in the plant’s manufacturing operations area.

24th August 2012/by Tyrepress Editors

Europe automotive market declines in July, UK on the up

The British passenger vehicle market was the only car parc in Europe to increase registrations in July. According to analysis produced by Jato Dynamics, Europe’s new car sales declined by 8.2 per cent in July, and 4.9 per cent year-to-date compared to last year. Great Britain grew 3.5 per cent. Meanwhile Italy and Spain recorded the greatest drops in July unit sales. Volkswagen’s Golf maintained its position as Europe’s top performing model.

20th August 2012/by Tyrepress Editors

Schumaker named new Cooper Tire Europe sales and marketing director

Cooper Tire & Rubber Company Europe Ltd. has appointed Jeff Schumaker as sales and marketing director. Schumaker will be based in Melksham, UK, and will report to Cooper Tire Europe vice president and general manager Julian Baldwin.

16th August 2012/by Tyrepress Editors

HiQ scores 100% satisfaction in June

Fast fit network HiQ has achieved a first in June’s round of satisfaction surveys: a 100 per cent rate of satisfaction. During the month more than 750 drivers who took their vehicles into HiQ centres completed “mirror hanger” satisfaction surveys. Since being launched in November 2009, the HiQ Mirror Hanger campaign has targeted thousands of customers and has been replicated at around 4,000 retail outlets across Europe. The latest results follow on from 99, 98 and 99 per cent satisfaction scores in March, April and May 2012 respectively. All these results are independently audited, HiQ says.

15th August 2012/by Tyrepress Editors

Infinity introduces 30-day passenger car tyre warranty

Infinity Tyres has announced the introduction of a new UK car tyre warranty backed with a 30-day exchange guarantee. The warranty is being introduced in co-operation with its authorised partner, Bond International, and will be honoured at any authorised Infinity dealership in the UK. The brand says it expects to increase further the public’s confidence in the Infinity product, since it also covers the tyres for accidental damage occurrences.

14th August 2012/by Tyrepress Editors

MG redevelopment plans continue

MG Motor UK is doubling the size of the design centre. According to the company, the latest stage of the rebirth of Longbridge will see substantial investments in the design studio, the engine test centre and the factory. Meanwhile, the firm is recruiting new engineers and designers to work on the next generation of MG cars as the firm prepares to hit the export trail to mainland Europe within two years.

14th August 2012/by Tyrepress Editors

Bridgestone OP beats analysts expectations

With Bridgestone having announced that first half operating profits grew 43 per cent year-on-year to 133.8 billion yen, the tyre manufacturer has upped its full-year operating profit guidance. Bridgestone had predicted that it would achieve 118 billion yen by this measure, with Deutsche Bank estimating nearer 136 billion yen. As a result the financial analysts now report that the company has lifted its full-year operating profit projections and is now looking at 50 per cent year-on-year growth to 287 billion yen (previous predictions were 269 billion yen, with Deutsche Bank expecting 316 billion yen).

13th August 2012/by Tyrepress Editors

Terms agreed for Titan Europe share offer

News of Titan International’s moves to acquire Titan Europe PLC has been public for about a month now, but to fulfil Rule 2.7 of the Takeover Code, the company announced on 10 August its formal acquisition offer. In a statement, Titan International reports that agreement has been reached between the board of Titan International and the independent directors of Titan Europe on the terms of a recommended share offer for Titan Europe’s entire issued and to be issued share capital.

13th August 2012/by Tyrepress Editors

Infinity launches UK Dealer Reward Programme

Infinity Tyres has announced the launch of a new retail programme to reward top sellers of the brand on the UK market. The scheme has been introduced in conjunction with the brand’s authorised UK distributor Bond International. The company explains that the new reward programme is based on a simple structure: the more tyres purchased, the more points gathered. Infinity says its reward packages are “simply outstanding”.

9th August 2012/by Tyrepress Editors

Giti Tire makes key European financial appointment

GiTi Tire has appointed Gillian MacRae as finance controller – Europe. The company says that the McRae’s appointment will strengthen its management team. She will be responsible for the planning, monitoring and management of company business plans, with an initial focus on UK and German markets, across all four main brands: GT Radial, Primewell, Runway and Dextero.

9th August 2012/by Tyrepress Editors

Stamford enters winter market

Singapore’s Stamford Tyres announced the entry onto the winter tyre market of its Firenza brand, introducing the company's initial sizes of its Nu Ice Firenza winter tyre range. Stamford Sport Wheels (SSW), a subsidiary partner of the Stamford Tyres Group, used its portion of the Stamford stand to display a new alloy wheel collection. SSW launched its latest range of Soleil alloy wheels in Europe for cars, 4×4/SUV's and light trucks.

8th August 2012/by Tyrepress Editors

SD International launches winter brands

SD International used the platform of Reifen 2012 to launch its new winter patterns in both its Pace and Zeta brands, along with the European introduction of the company's PCR range in the Briland brand. The company also communicated with customers about tyre labelling.

8th August 2012/by Tyrepress Editors

Bridgestone: Risk of guidance overshoot, says analyst

Commenting on Bridgestone’s second quarter financials, particularly the operating profit of 133.8 billion yen outstripping guidance of 118 billion yen and expectations of 50 per cent year-on-year growth, Deutsche Bank analyst Takashi Moriwaki says the bank sees “risk for a guidance overshoot as profitability is on an uptrend thanks to stable selling prices and declining raw material costs.”

8th August 2012/by Tyrepress Editors

Fiege to operate Toyo B2B e-commerce platform

International News, News

Supported by German logistics provider Fiege, Toyo Tires Europe is now distributing tyres to its business clientele via an internet-based B2B platform. The platform has already been rolled out in Germany, Italy, the Benelux countries and, most recently, the UK.

8th August 2012/by Tyrepress Editors