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Pirelli “Super Single” For Light Trucks At SEMA

Many in the US tyre business were expecting Pirelli to come to SEMA 2006 with a 32″ Scorpion Zero tyre, following its success with the 30″ version first shown at the New York Auto Show this year. Not so, as Pirelli decided to think more laterally (in every sense of the word). What Pirelli has brought to this year’s SEMA show in a world “first” is a 405/25R24 Scorpion Zero Asimmetrico, a trend setting idea for a ‘Super Single’ tyre for light trucks.

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  1. Pirelli Becomes the Exclusive Tyre for Carlsson
  2. SEMA goes hip-hop?
  3. Pirelli to Compete in One Lap of America
  4. Revolution Revised
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Yokohama Improve Results Prediction

Yokohama Rubber Co., Ltd. has revised its consolidated and non-consolidated forecasts for the first half of fiscal 2007 (1 April 2006 to September 30 2006). The current revised consolidated forecast includes 222 billion yen for net sales (just under £1 billion), a 0.9 per cent increase over the previous forecast, 3 billion yen for ordinary profit, a 172.7 per cent increase compared to same, and 3.3 billion yen (£14.75 million) for net income, a 450 per cent increase.

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  1. Sales Up, Earnings Down at Yokohama Rubber
  2. Yokohama Q1 Results ‘Stronger than Expected’
  3. Yokohama’s Income Decreases
  4. Yokohama Reports Positive Annual Results
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TRIB Writes Protest Letter to BMW

TRIB managing director, Harvey Brodsky, has written an open letter to BMW North America’s management after remarks against retreads were published in the BMW owners manual. According to TRIB, in the Tire Replacement section, Page 131 of the BMW Owners Manual, BMW wrote: “BMW advises against using retreaded tyres, since driving safety may be impaired. This is due to the possible variations in casing structures and, in some cases to their extreme age, which can lead to a decrease in their durability.” “We ask that this statement be removed from future printings because it is simply not true. The failure rate of retreaded tyres parallels that of the best new tyres and there is ample evidence to back up this statement,” Brodsky replied in his letter. TRIB sent a copy of the letter to all its members.

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  1. TRIB Appoints Associate Director
  2. TRIB Makes Poster Available Free
  3. TRIB Publishes Retreading Statistics
  4. Bridgestone to Supply Dueler to US BMW Models
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Michelin Records Increased 3Q Revenues

Michelin has reported a 4.9 per cent rise in third-quarter revenues as a result of charging increased prices. Revenue rose to 4.08 billion euros ($5.12 billion) for the three months ended 30 September from 3.89 billion euros a year earlier. The latest figure was slightly above analysts’ expectations of approximately 4.04 billion euros ($5.07 billion). The recent decline in raw material prices will have only a small impact on full-year earnings, the company said. It said there is a three- to five-month lag before changes in raw material prices affect final sales of tyres.

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Related news:

  1. European Tyre Volumes Remain Weak
  2. Goodyear Fires 700 In Akron (Update)
  3. Conti’s Losses Continue in North America
  4. New Year Price Rise for Michelin North America
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Pirelli Promotes Three Vice Presidents

Three managers involved in the growth of Pirelli Tire North America over the past four years were honoured recently with promotion to vice president. Steve Carpino has been named head of R&D and product development; John Hagan is in charge of original equipment; and Andrew Kearton is responsible for manufacturing.

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Related news:

  1. Pirelli Receives Fourth Consecutive Safety Award
  2. Pirelli Releases 9-Month Figures, Considering Tyre Buyback
  3. Pirelli Earns Fifth RMA Award
  4. Kramer Elected Goodyear CEO & President
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Goodyear Names New OE Tyre Leader

Goodyear Tire & Rubber Company has named Johann Finkelmeier vice president and general manager of original equipment tyres in the company’s North American tyre unit. Finkelmeier will report to Larry Mason, Goodyear’s North American president of consumer tyres. Finkelmeier most recently served at Akebono North America as executive vice president, global strategy and business development OE/OES sales. Prior to that post he was president of ThyssenKrupp Steel North America, in Detroit.

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  1. Cavanaugh to Lead Goodyear’s Off-Highway Business
  2. Goodyear Appoints de Bok President of its EU Business
  3. Goodyear Expands Dunlop Direzza Brand
  4. Retiring Hercules Chief Looks Back
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Michelin Marks 35 Years In Nova Scotia

Michelin North America (Canada) Inc. has reached a significant milestone in Nova Scotia with the celebration of 35 years of manufacturing. It was back in 1971 when the Pictou County facility produced its first tyre and the Bridgewater plant its first steel cord product. Two years later, Bridgewater produced its first passenger tyre. Then, in 1982 Michelin Waterville began producing tyres for the heavy-weight market.

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  1. Michelin Produces 100 Millionth Tyre in Bridgewater, Canada
  2. Ex-Michelin America Executive Dies
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  4. Marangoni System a ‘Reliable Alternative’ to Delocalisation
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Union Ratifies Continental’s Severance Agreement

United Steelworkers of America members have ratified an agreement providing severance packages and lump-sum payments involving Continental Tire North America’s decision to close its tyre plant in Mayfield, Kentucky, within the next few months.

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  1. Continental Americas in the Black
  2. Continental Tire: Break even will be reached in 2005
  3. CTNA Announces Serious Charlotte Cuts
  4. Titan and Continental in Asset Acquisition Talks
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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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Related news:

  1. New Bandag Dealers In Egypt and Romania
  2. Expansion for Swedish Retreader
  3. Bandag Delivers Strong Reifen Essen Presence in Golden Jubilee Year
  4. Retreading Special – Increasing Polarisation of the Market
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Bridgestone Firestone Begins Dayton Plant Closure Programme

Back in April, Bridgestone Firestone North America gave notice that the Dayton plant in Oklahoma City would be closed down by the end of the year. The first tranche of layoffs has begun, with around 400 of the 1,400-strong workforce being told that they will lose their jobs by the end of this month.

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  1. End of an Era in Oklahoma City
  2. BFNA Closes Warehouse
  3. Firestone Tyre Takes Top Honours in Emergency Services Test
  4. Bridgestone Heads onto the Field as Official NFL Tyre
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Goodyear Borrows $1 Billion As Precaution Against Prolonged Strike

The Goodyear Tire & Rubber Company has significantly enhanced its cash position by borrowing nearly $1 billion under an existing revolving credit facility. The company said it borrowed approximately $675 million on October 13 and $300 million on October 5 under its $1.5 billion U.S. First Lien Credit Facility. Thus, this particular facility is almost fully drawn, when including its $500 million deposit-funded facility.

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  1. Three More Years for the Turnaround
  2. Goodyear Names Laura Thompson as VP of Business Development
  3. Keegan: Goodyear is an ‘Aggressive Marketing Company’
  4. Lots of Rumours, No Movement as Strike Continues
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Lots of Rumours, No Movement as Strike Continues

(Akron/Tire Review) There has been more talk than talking as the United Steelworkers’ strike against 16 Goodyear plants reached its sixth day yesterday. Formal talks between the tyremaker and the union have not resumed, and while both sides say they are ready to restart negotiations when the other party is ready, neither side seems to be in a hurry to get back to the bargaining table.

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Related news:

  1. Titan Buyout Deal Surprises USW
  2. Goodyear Borrows $1 Billion As Precaution Against Prolonged Strike
  3. Goodyear Revises Union Offer, Gets Blasted For Tyler Closing
  4. Goodyear to Publish Contract Offer
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Goodyear Seeking Truck-Driving Heroes

A North American search is on for unsung heroes of the highway – truck drivers who keep the nation’s economy moving and who come to the rescue of fellow motorists. Nominations for Goodyear’s 24th annual North America Highway Hero programme will be accepted up till 30 November 2006.

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Related news:

  1. Bad Winter Forecast In USA
  2. Goodyear Seeks Silver Anniversary Highway Hero
  3. Four Drivers Named Finalists for 25th Goodyear Highway Hero Award
  4. Sales, Income Up at Goodyear
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Michelin Looking to Cut Production Costs by 20 per cent

(Akron/Tire Review – FT) Groupe Michelin is aiming to lower its production costs in Europe and North America by an estimated 20 per cent as it clamps down on inefficient development and manufacturing processes ahead of next year’s expected sharp downturn in the global truck market.

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Related news:

  1. Morgan Stanley ‘Double Downgrades’ Michelin
  2. More Cuts At Goodyear
  3. Galaxy, Dynamic Merger Completed
  4. Rolling Strong
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Chinese Manufacturers Focus on OTR Tyres

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Chinese manufacturers want to and, in fact, already are benefiting from strong international demand for OTR tyres. One company that follows these lines very closely is the China Noble OTR Tyre Co., Ltd. When at the turn of the century it was becoming more evident that there was going to be a strong growth on the profitable OTR tyre market, Noble Tyre decided to jump on the bandwagon. The company’s co-founder Sky Zhuang said in an interview with Tyres & Accessories that this was the time when Noble decided to change its production plans. The company used to produce truck tyres and then changed over to the production of OTR tyres and thus invested considerable amounts of money from 2001 onwards.

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