On 6 January REE Automotive announced the appointment of David Goldberg as the company’s chief financial officer (CFO). Effective Feb 2022, Goldberg joins REE from Magna International, one of the world’s largest automotive suppliers, where he is currently senior vice president of corporate development, following a role as vice president of finance and corporate development at the company.
Vesevo has been awarded Hardware Innovation of the Year in the Automotive Testing Technology International Awards. According to the company, the VESevo system won thanks to its hardware which offers detailed analysis of the quality of tyres and predicts their interaction with the vehicle – offering advantages, above all, in safety, performance, and quality control.
Continental today announced a voluntary tyre replacement program for 67,128 ContiEcoContact 5 tyres in size 235/55 R 17 103 H XL across Europe. However, the number of tyres being voluntarily recalled in the UK is far lower, with just 477 ContiEcoContact 5 tyres sold in the UK replacement market covered by the announcement. The reason for the recall? “In rare cases, if the affected tyres are used over a longer or repeated period of time, with heavy loading or possible overloading, a sudden loss of air may occur.”
An aquaplaning measuring solution devised by Tread Ltd founder Ray Collier has won the prestigious Autocar Drivers of Change Digital Award. According to the award citation, Collier’s one-box solution offers a unique way of reducing the R&D costs associated with car and light truck/van tyres.
Pirelli is raising its full-year 2021 sales forecast off the back of better-than-expected performance in the third quarter of 2021, a trend that was particularly driven by performance in the so-called “high value” tyre segment. According to the Italian tyre manufacturer’s nine-month figures, which were published on the evening of 11 November, sales rose 28.6 per cent to almost 4 billion euros. At the same time, Pirelli more than doubled its earnings and can now report a pre-tax profit margin (EBIT) of 15 per cent.
The Goodyear Tire & Rubber Company has published figures that show its third-quarter 2021 sales were $4.9 billion, up 42 per cent compared with a year ago. Of course, much of this increase was driven by the company’s acquisition of Cooper Tire, but growth still came in at 16 per cent with the benefits of the Cooper merger excluded. At the same time, Goodyear executives also reported that the company now expects circa 50 per cent greater Cooper merger-related synergies than before. Specifically, this means a benefit of $250 million in run-rate synergies by mid-2023 up from an initial forecast of $165 million. And what’s more, the company expects to realize approximately $20 million of these savings in 2021. No estimates for 2022 synergies are being released until at least the end of 2021 and more likely February 2022 when full-year 2021 data has been processed.
Recently, Bridgestone Vietnam Tire Trading Co., Ltd and Bridgestone Tire Manufacturing Vietnam Co., Ltd (Bridgestone Vietnam) received the Best Supplier award in 2020 at the Toyota Motor Vietnam (Toyota Vietnam) annual conference.
Yokohama Rubber Co. Ltd.’s Advan Sport V105 tyres have been selected by Volkswagen of America for its Atlas Cross Sport GT Concept, which was unveiled in July. The car is fitted with 285/35ZR22 106Y size V105 tyres.
Electric Vehicle (EV) tyres currently represent 11 per cent of Bridgestone EMIA’s total passenger car OE tyre line-up – almost three-times what it was in 2019. Now the company says that figure will reach 20 per cent by 2024. According to the company, Bridgestone is developing a growing number of original tyre fitments specifically engineered for EVs. EV tyres may currently represent 11 per cent of Bridgestone EMIA’s total original equipment (OE) line-up for passenger cars (up from just 4 per cent in 2019), but the company says this figure will be over 20 per cent in 2024.
Camso Japan has received the President’s Award from Toyota Industries Corporation. Presented to the top company among the Supplier Award recipients in each division, the President’s Award follows a recent Supplier Award from Toyota L&F Company, the materials handling equipment division of Toyota Industries. Camso was recognized for its outstanding performance and the very high standards of its materials handling tyres and assembly supply.
In 2015, Michelin disrupted the all-season tyre market with the launch of the CrossClimate – a tyre that approached year-round performance from a different direction. Now, following the launch its successor (the CrossClimate 2) in the US at the end of 2020, the world’s largest tyremaker has released a new European market-orientated version which builds on the already impressive performance of the first generation and tunes the concept demonstrated by the US edition for the European market. For example, according to Michelin, the Cross Climate 2 “delivers a 10% reduction in rolling resistance when compared to its best-selling predecessor thanks to a Cool Running Sidewall designed to improve fuel efficiency or electric vehicle battery range…” amongst other enhancements.
Following the news that Hankook Tire America Corporation is recalling up to 7,026 Kinergy GT H436 235/50 R19H tyres manufactured between 30 January 2021 and 6 February 2021, company representatives based on this side of the Atlantic have confirmed that none of the affected tyres have ever been sold in the UK or indeed Europe as a whole.
Hankook Tire America Corporation is recalling up to 7,026 Kinergy GT H436 235/50 R19H tyres manufactured between 30 January 2021 and 6 February 2021. The recall was implemented after the discovery of “a small batch of passenger tyres produced as original equipment tyres for the Chevrolet Equinox and the GMC Terrain were manufactured with sub-tread rubber with an insufficient amount of curative agent”, according to documents filed with the US National Highway Traffic Safety Administration.
Kumho’s Crugen HP71 tyres are original equipment (OE) on the 2021 Nissan Pathfinder SUV. Specifically, new Nissan Pathfinders will leave the production line shod with 255/60 R18 products.
Avon Tyres has been selected as Original Equipment (OE) by New York-based electric motorcycle manufacturer Tarform. Under the arrangement, Tarform will equip its new Luna Racer model with the Avon Spirit ST tyre.
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REE; Jason Cipparrone
Vesevo; Megaride
Continental
Tread Ltd
Goodyear
Vietnam Business Forum
VW; Yokohama
Bridgestone
Camso
Michelin
NHTSA
Kumho
Tarform