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Aeolus Tyre Profits Surge 1076%

Aeolus Tyre Co Ltd net profit attributable to shareholders grew 1076.26 per cent year-on-year to 124.85 million yuan (£11.033 million; 12.242 million euros; US$18.284 million) in the third quarter. In the first three quarters the company’s net profits are said to have jumped 170 per cent to 254.4 million yuan (£22.4 million; 24.943 million euros; $37.265 million). Shanghai-listed Aeolus put the exponential growth in net profits down to a significant decline in production costs.

21st October 2009/by Tyrepress Editors

German Hillclimb Championship won on Avon Tyres

Osella BMW PA20/S driver, Joerg Weidinger has clinched the German Hillclimb title for the 2009 season on Avon tyres, finishing third at the final race of the season in Mickausen. Weidinger said, “I am delighted to win the title and I want to thank Avon Tyres and all who have been involved in the 2009 season. The tyres were brilliant and thank you for developing such great tyres for my race. It has been of great satisfaction to myself and my team.” Avon Tyres are the chosen racing tyre of 250 motorsport champions across Europe every year, in categories as diverse as the British GT Championship, FIA European Rallycross Championship, Formula Ford and historic racing.

19th October 2009/by Tyrepress Editors

Hankook Tire Seeking Engineers for ETC

Hankook Tire has announced plans to top up the talent pool at its Europe Technical Center (ETC) in Germany. The Korean tyre maker intends to take on three new engineers before the end of the year, increasing the number of developmental team specialists at the Langenhagen site near Hanover to 36. These new additions follow three other new appointments at the centre this year; in total, the developmental team will grow by more than 16 per cent during 2009 – a growth rate, as Hankook notes, that meets the company’s economic growth.

19th October 2009/by Tyrepress Editors

Passenger Car Registrations Up in September

European passenger car registrations in September received a boost from markets with government sponsored scrappage schemes in place, particular those countries where the schemes are winding up. The whole European market rose 6.6 per cent and the Western European by 9.6 per cent during the month compared with September 2008, the largest leap since 1999. In absolute figures, however, September 2009 registrations stayed below the levels reached since 2002.

16th October 2009/by Tyrepress Editors

Government Aid to Secure Vauxhall Jobs

The UK automotive industry gained a boost on October 13 when Lord Mandelson’s persuaded Vauxhall’s new owner to back down on redundancy plans that could have cost 5,000 workers their jobs. Magna International made a commitment to the long-term future of Vauxhall’s Ellesmere Port and Luton plants in exchange for concessions including a two-year salary freeze. Mandelson will now commence final talks with the German Government over how much Britain will contribute to the £4.1 billion state loan the Germans have committed to back the Canadian company’s takeover of General Motors Europe.

14th October 2009/by Tyrepress Editors

Tyre Soled African Trainers Proving Popular in Europe

Bless the AFP for bringing us news of an Ethiopian shoemaker who’d like to give Nike a run for its money with the footwear she produces from recycled tyres and traditional woven fabric. Bethlehem Tilahun Alemu, the news service reports, sees her eco-friendly "SoleRebels" shoes as Africa’s answer to the ‘just do it’ brand, and in her Addis Ababa (or should that be Adidas Ababa?) workshop 40 cobblers can be found at work on the product, turning out up to 200 pairs of shoes per day – solely for export.

12th October 2009/by Tyrepress Editors

Hamburg SV to Receive Maxxis Sponsorship

Following its agreements to sponsor Barclays Premier League clubs Liverpool, Aston Villa and Sunderland, Maxxis International has moved into another of Europe’s major footballing nations, becoming a sponsorship partner of Germany’s Hamburg SV. The new package runs throughout the 2009/10 season and includes advertising on the pitchside LED panel for the club’s home matches in the Bundesliga, Germany’s top football league.

9th October 2009/by Tyrepress Editors

Market Recovery Mixed, Says Michelin Executive

Comments made during the launch of Michelin’s first global marketing campaign point towards a mixed outlook for the tyre market. Reuters reports Claire Dorland-Clauzel, head of communications and brands and a member of the group's management board as saying demand for passenger car and light commercial vehicle tyres is improving in Europe and the United State, while signs of an upturn in the commercial vehicle tyre market are yet to be seen.

9th October 2009/by Tyrepress Editors

Toyo Proxes R30 OE on 3rd Gen Prius

Toyo’s Proxes range has been chosen as original equipment for the new, third generation Toyota Prius in a number of European markets. According to Toyo Tire Europe GmbH, the OE arrangement will see the Proxes R30 in size 215/45R17 87W fitted to the Prius.

7th October 2009/by Tyrepress Editors

Bridgestone’s Arakawa Honoured for Contribution to Belgium

On October 7, Shoshi Arakawa, chairman of the Board, CEO and president of Bridgestone Corporation, was presented with Commander of the Order of Leopold of the Kingdom of Belgium. Commenting on the significance of this occasion, Bridgestone notes that the Order of Leopold is the most prestigious order that can be bestowed upon an individual for his or her contribution to the development of Belgium. The ceremony was held at the official residence of Mr. Johan Maricou, Ambassador of H.M. the King of the Belgians to Japan, who presented the award.

7th October 2009/by Tyrepress Editors

Bond International and International Tyres Helping Sumo Firenza UK Growth

The Sumo Firenza brand of car, high performance and truck tyres reports that it continues to gain strength in Europe and that the UK continues to be a very important market for the company. Manufactured in the Far East incorporating Japanese technology, distribution of the brand is the exclusive preserve of North Yorkshire’s Bond International (passenger car high performance range) and West Midlands-based International Tyres (truck sector), both of whom are said to be helping the Sumo Firenza brand’s growth in the UK.

6th October 2009/by Tyrepress Editors

Dutch Student Wins 2009 Bridgestone Journalism Contest

Dutch student Tim Biesbrouck has been selected overall winner of the 2009 Bridgestone e-reporter contest. Biesbrouck, aged 21, was one of eleven finalists this year. He was given the opportunity to show the world, and Bridgestone, his reportage skills at the Hungarian Grand Prix in late July, and his “natural flair for journalism” sufficiently impressed the media and motorsport representatives making up this year’s judging panel.

6th October 2009/by Tyrepress Editors

Question of the Month: October 2009

tyrepress.com has a new question of the month – visit the homepage at www.tyrepress.com to join the debate: What do you think will be the direct result of President Obama’s Chinese-manufactured tyre tariffs? 1) The European market will take the excess product and prices in the budget segment will fall 2) Nothing except more Chinese-made tyres coming to Europe 3) The market will remain the same

5th October 2009/by Tyrepress Editors

Maxxis-Sponsored Driver Wins British Drift Championship

Maxxis has been heavily involved in the spectacular sport of drifting in the UK this year, so it must be gratifying for the manufacturer to have experienced the success of Steve Biagioni from Maxxis-sponsored Team Japspeed, who was crowned British Drift Champion for 2009.

5th October 2009/by Tyrepress Editors

Cooper Tire Europe Appoints New Export Sales Manager

Cooper Tire & Rubber Company Europe has appointed Tom Edwards as its new Export Sales Manager for North Africa, the Mediterranean and Scandinavia. Edwards, 29, moves into Cooper Tire’s sales department from the marketing sector in which he was, until earlier this month, European and EMEA Marketing Manager.

2nd October 2009/by Tyrepress Editors