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Motor Manufacturers Step Back From Firestone

General Motors, which currently uses Firestone tyres as OE equipment on some 14 different models will be changing some cars and trucks to other Bridgestone brands this summer. Nissan will be dropping Firestone from its US Altima saloon when it relaunches in September. Both manufacturers stressed that the tyres they use were not connected with the Ford/Firestone recall troubles. However, GM’s Terry Rhadigan says,” We want our customers to have peace of mind.”

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  1. Tyre Recall Ends In Divorce
  2. Court Decision Welcomed By Ford And Firestone
  3. Settlement In Lawsuit Case
  4. Alliance Tire USA Names Two Key Positions
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Now It’s Official: Carlos Ghosn Is CEO Of Nissan

The former high-ranking Michelin manager Carlos Ghosn has been officially appointed CEO of Nissan. De facto Ghosn has already been playing this role for months. The move is seen as an attempt to bind Ghosn to Nissan.

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  1. Stephan Kessel, Continental’s CEO: A Separation On Friendly Terms
  2. Analysts: Conti Doing Extremely Well in Tyre Operations
  3. Analysts Increase Michelin Share Price Target Following Second Half Results
  4. Michelin 9-month Sales up 20%
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Contract Between Nissan and Hayes Lemmerz

Hayes Lemmerz International has been awarded a contract from Nissan Japan for cast aluminum wheels. The wheels are currently being produced at the Hayes Lemmerz’ Antwerp, Belgium manufacturing facility for export shipment to Nissan Motor, in Japan. The contract is valued at an estimated $11 million.

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  1. Stamford Earns Certifications
  2. Stamford Sport Wheels: Swift Growth in Asia
  3. KYB working with Nissan on ‘next generation steering technology’
  4. 3.2 x 10-4 mbar x 1/s: Von der Heyde (VDH) ensures safe aluminium cast wheels.
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Recall For Nissan Too

Nissan has recalled 24,000 Japanese produced four-door Almeras which may be subject to a tyre mounting fault. During the mounting of the tyres on the wheels there may have been insufficient mounting paste used, resulting in damage to the tyre bead. The cars were produced between March and December 2000. In Germany the tyres will be tested and replaced on up to 1,470 Almeras.

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  1. Alcoa Launches Eight New Cast Aluminium Wheels
  2. Sherbrook To Market Kosei Alloy Wheels
  3. Stamford Has Changes at the Top
  4. Bridgestone North American OE for Nissan 370Z
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Financial Markets Advise Care With Automotive Shares

There is unanimity amongst financial institutes that anyone with investments in automotive shares should be very careful of their investments. The coming quarter does not look too promising; BMW, Peugeot/Citroën, Porsche and Renault (particularly thanks to Nissan’s better than expected results), should hold their position, but there seems to be no end in sight to the decline at DaimlerChrysler.

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  1. Continental and Renault Share Prices Boom
  2. Analysts: Continental ‘can still surprise’
  3. Analysts Rate Goodyear Shares A “Buy”
  4. Schrader Awarded TPMS Contract
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Renault On The Expansion Trail

Renault is negotiating with Samsung Motors, of South Korea, to buy the latter’s Pusan plant (production capacity 200,000) for Euro 400 million. Renault’s daughter company RVI, made an offer to Daewoo to buy its truck operation (production capacity 20,000) and bus operations (production capacity 6,000 units) for Euro 700 million. Renault has already bought a 37% stake in Nissan for around Euro 5 billion and the new plans will bring the company’s investment in Asia to more than Euro 6 bn.

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OE Contracts For Bridgestone

Nissan has chosen Bridgestone Potenza RE040 tyres for the limited edition (200 for sale in the UK only) R34 version of its Skyline GTR. The Skyline was the first production car to lap the 14-mile Nurburgring circuit in under eight minutes. Bridgestone has also been chosen as exclusive OE for the six-litre Aston Martin DB7 Vantage Coupe and Vantage Volante cars. The tyre in question is the Bridgestone S-02.

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  1. Bridgestone Supports Children in Need
  2. Bridgestone Run-Flats OE for New Nissan GT-R
  3. Toyota Decreases UK Plant Production
  4. Shearings Group Chooses Bridgestone Tyres
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Carlos Ghosn Becomes Nissan President

Carlos Ghosn, once top man of Michelin in the USA will become President of Nissan, effective 1st April 2000, in addition to his post as Chief Operating Officer. Ghosn is interested in speeding up the Nissan Revival Plan, implemented in October last year.

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  1. Nissan Plans To Close Four Factories in Japan
  2. Ghosn’s gone
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Talks On Future Of Nissan UK Factory

The future of Nissan’s plant at Sunderland, UK will be decided by the company in. It hinges on whether the plant is chosen to build the new Micra, but Chief Operating Officer and President Carlos Ghosn has hinted that costs may force the group to make the car in France or Spain.

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  1. Announcement Secures Future Of Nissan Plant In UK
  2. Kwik-Fit “No Comment” On Rumours
  3. Ban HGVs on Sundays, says IHE president
  4. European CV registrations down 10.6 per cent in January
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Japanese Car Output Rises

Toyota, Nissan, and other Japanese motor manufacturers are reporting strong growth in global production for the first half of the year. This comes amid massive restructuring of the industry as European and American manufacturers take shares in Japanese businesses. However, the growth figures are tempered by across the board decreased in production in September, suggesting signs of a slowdown in the market.

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  1. New Aluminium Casting Plant Inaugurated in Turkey
  2. Titan International Announces Stock Split
  3. Toyota Decreases UK Plant Production
  4. Titan International no Longer Wants European Shares
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Nissan Plans To Close Four Factories in Japan

Nissan has confirmed that it is currently producing 1.35 million cars, which is 10 per cent less than last year. This amounts to the company’s seventh recorded loss in the past eight years. C.O.E. Carlos Ghosn, who engineered the turnaround for Michelin in North America, is currently preparing a restructuring plan which will entail the loss of 21,000 jobs, or 14% of its worldwide workforce, by the year 2003. In the US, 1,000 jobs (10%) will go by March 2001, while in Japan, there are plans to close four factories.

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Related news:

  1. More Cuts At Goodyear
  2. Michelin North America Offered Norwood Incentives
  3. Michelin unveiling first tyre at new OTR plant
  4. Ghosn’s gone
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