November Archives - Page 30 of 34 - Tyrepress

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Goodyear Appears to be on The Right Track

Rivals Bridgestone, Michelin and Continental published turnover and earnings figures last week, something that could only serve to put pressure on Goodyear. The US tyre manufacturer will publish its third quarter figures on 9 November, but unofficially the management signalled that the company had again made a small profit after a profitable second quarter.

For Goodyear, any profits are very welcome. After three catastrophic years with losses totalling more than $2 billion, it is expected that Goodyear will reach “a red zero” at the end of the year. But, it is painful to see that Goodyear, after having paid well over $100 million in fees for the restatements of 1999 to 2003, is in trouble again regarding accounting irregularities. Analysts agree that it is “unnerving” that Goodyear has been unable to overcome these problems.

8th November 2004/by Tyrepress Editors

Win tickets to Max Power London

Max Power London is back, offering a weekend of modified motors, stunt driving action and in-car-entertainment. On the 27th and 28th November thousands of car enthusiasts will be making their way to the Dockland’s ExCeL Centre to catch a glimpse of the six best modified motors in the world that will be on display at this year’s show.

Models including Victoria Sivlstedt, Lucy Pinder, Michelle Marsh and Kerri Parker will also be there to meet fans and autograph pictures.

Max Power London will be open from 9.00am – 06.30pm on Saturday and Sunday.

Tyres & Accessories has five pairs of tickets to give away. If you fancy winning a pair of free tickets along with a copy of the show DVD then answer this question…

What is the maximum speed category, in mph/kmh, of a V rated tyre?

Email your answers to info@77.237.250.82. Mark MAX POWER clearly in the subject header of your emails, and include your full contact details. The competition deadline is the 15th November.

8th November 2004/by Tyrepress Editors

ArvinMeritor to Divest Businesses Units

Arvinmeritor has announced that it will divest the company’s Light Vehicle Aftermarket (LVA) business group and take a “non-cash goodwill impairment charge” of $190 million (£103 million) in its fourth quarter budget. In addition, the company announced its plan to divest its Roll Coater coil coating business, a wholly owned subsidiary.

3rd November 2004/by Tyrepress Editors

Amcast Vice President Resigns

Francis J Drew, vice president of finance and chief financial officer, has advised Amcast that he will resign his position as of 5 November, 2004. Mr Drew has informed the company that he will make himself available on a consulting basis for as long as necessary to ensure a smooth transition.

2nd November 2004/by Tyrepress Editors

Win tickets to Max Power London

Max Power London is back, offering a weekend of modified motors, stunt driving action and in-car-entertainment. On the 27th and 28th November thousands of car enthusiasts will be making their way to the Dockland’s ExCeL Centre to catch a glimpse of the six best modified motors in the world that will be on display at this year’s show.

For a chance to win tickets click ‘more’

29th October 2004/by Tyrepress Editors

Dana Reports 33 per cent Drop in Income

Dana Corporation has released third-quarter results that show a 33 per cent drop in net income. The corporation received $40 million compared with $61 million in the same part of 2003. The company achieved third-quarter sales of $2.1 billion, compared to $1.9 billion the year before.

21st October 2004/by Tyrepress Editors

Hayes Lemmerz Announces Senior Management Changes

Hayes Lemmerz has announced that company vice president, James Stegemiller has decided to retire.

15th October 2004/by Tyrepress Editors

Ford’s Harley-Davidson Truck to use Goodyear Wranglers

The Goodyear Tire & Rubber Company has announced that it has been chosen as the exclusive tyre supplier for the 2005 Ford Harley-Davidson F-Series Super Duty, a truck that becomes available in November. The four-wheel drive truck features 20 inch Goodyear Wrangler AT/S tyres, along with an optional 6.8-litre V-10 or 6-litre diesel V-8 engine.

“Supplying the tyres for one of the toughest, most popular trucks on the road is a job Goodyear is proud to claim,” said Mike Parnell, Goodyear’s vice president, original equipment. “This truck is an eye-catcher, and we want the tyres to play an important role in that appeal.” The truck will use Wrangler AT/S tyres in the LT275/65R20 size.

13th October 2004/by Tyrepress Editors

Treadway Gets a New Name

Treadway Exports Limited, one of the largest tyre wholesaling companies in North America, has announced that it will be changing its name. From 1 November the company will be known as Hercules International. According to Treadway, the name change is designed to align the parent company with its export division.

8th October 2004/by Tyrepress Editors

New European Transport Event

Plans for a new UK based European trade show have been announced by the Confederation of Passenger Transport (CPT); the UK’s trade association for the bus, coach and light rail industry. Euro Bus Expo is scheduled to take place for the first time on 7-9 November 2006, at the NEC Birmingham.

Expo Management, will support the organisation of the trade event, which the company says is designed to build on the success of the Coach & Bus show brand, the existing biennial event for the UK industry.

As the third largest market for road based public transport vehicles in Europe, the events UK location should work well to attract international exhibitors and visitors.

22nd September 2004/by Tyrepress Editors

Bridgestone/Firestone Truck Hero Sought

Bridgestone/Firestone Canada Inc. is searching the highways for a driver worthy of the 50th Bridgestone/Firestone Canadian Truck Hero Award. The 2004 campaign was launched this week and will recognize a commercial truck driver who exhibits courage, quick thinking and integrity in the face of an emergency. Nominations must be received by October 15, 2004, writes Today’s Trucking from Canada.

17th September 2004/by Tyrepress Editors

SmarTire to Supply Aston Martin

SmarTire Systems Inc has signed a deal to supply tyre pressure monitoring systems for Aston Martin, the company said yesterday.

Details of the contract have not been released. “We are extremely proud and delighted to be expanding our supply relationship with such a progressive company as Aston Martin that has placed the highest priority on advanced vehicle technology,” SmarTire vice-president John Taylor-Wilson said.

Aston Martin first selected SmarTire’s system in November 2000 for use in its V-12 Vanquish.

16th September 2004/by Tyrepress Editors

Tyre Choice to be Key to GB Rally

World Rally Championship leader Sebastien Loeb has told journalists that he is expecting an eventful Welsh Rally GB this weekend. Although the race, which traditionally runs in November, is likely to be drier, there is still a good chance of rain.

Citreon driver Loeb sees the changeable conditions as a challenge for those making the tyre choice decisions. “Following the date switch, this event is likely to be the most complicated gravel rally of the calendar on the tyre front. Part of the rally will be played out on Monday when we nominate our tyre choices. The conditions stand to vary from dry and hard to cold, damp, muddy or even pouring rain. To be sure of having the ideal tyre for each situation, we could nominate a bit of everything, from ultra-soft rubber to hard compounds. But, in that case, we will only have a limited quantity of each, and we will end up running short if the conditions are consistent. The alternative, riskier solution will be to go without certain products.”

14th September 2004/by Tyrepress Editors

Cooper Down Grade Inner Tube Production

Due to a decline in demand Cooper Tire & Rubber has decided to end production of inner tubes at its Clarksdale, Mississippi, plant by 12 November.

The company has confirmed that most of the facility’s 159 workers will be made redundant. About 30 of the workers are expected to remain at the plant to produce curing bladders and operate the rubber mixing unit, which produces rubber for internal consumption at the company’s other plants.

In an official statement the company explained that employees have been notified of the redundancy and will receive outplacement assistance. Cooper is also said to have notified its customers about the inner tube decision and is provided recommendations for alternative sources.

The phase-out is expected to cost about $9 million (£5 million), which will be needed to cover the write-down of assets and the impacts of severance and other benefits. The company will record a charge of approximately $7 million during the third quarter of 2004 as a result of this decision.
Cooper maintains that the decision supports its strategy to “dedicate resources to those product categories that will help the business grow globally and provide shareholder value.” cma

10th September 2004/by Tyrepress Editors

PSA Peugeot Citroën’s Stop and Start System

PSA Peugeot Citroën unveiled its new Stop and Start system at a ceremony in Paris earlier this week.

With the new system, the engine is automatically turned off and is in standby mode, when the vehicle stops at traffic lights and traffic jams. The engine instantly starts up again when the brake pedal is released, with the vehicle pulling away once the accelerator is pressed.

The Citroën C3 1.4i 16V Stop and Start, will feature Michelin tyres when it is rolled out in early November, and will be the first mass-produced car equipped with this environmentally conscious system. It will also be combined with SensoDrive technology; an electronically controlled manual gearbox. The new system is expected to be gradually extended to other Citroën and Peugeot vehicles.

The Group claims that the system has reduced fuel consumption by 10 per cent for city driving, six per cent in a standard combined cycle and up to 15 per cent in heavy traffic. CO2 emissions are said to be reduced by a similar proportion.

10th September 2004/by Tyrepress Editors