Canadian TPMS specialist SmarTire Systems Inc. has announced that its revenue for the first quarter of the 2007 fiscal year has increased by 44% to $851,770 (£436,476), up from $592,866 (£303,805) in the first quarter of the 2006 fiscal year. At the same time net loss for the quarter decreased to $5.3 million (£2.7 million), or $0,02 per share, for the fiscal year’s first quarter, down from $17.8 million (£9.1 million) or $0.06 a year earlier.
A unique partnership with publisher Octane Media Ltd at the recent Classic Car Show held at Birmingham’s NEC, signalled Marangoni’s commitment to the UK historic vehicle movement, now worth £3.2 billion annually. The publisher’s stand featured both Octane and MG Enthusiast Magazine, with the MGF project car – the subject of a free-to-enter Prize Draw competition – shod with Marangoni Zeta Linea tyres.
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A1GP World Cup of Motorsport has significantly expanded its television reach by signing an exclusive broadcast deal with Channel Five in the UK. Across the UK, Sky Sports’ live race coverage will now be supported by a Channel Five highlights package, scheduled to be shown mid-week after each event. The partnership with the free-to-air terrestrial channel will mean that over 90 per cent of UK households can now support their national race team in the A1GP World Cup of Motorsport. The announcement is likely to please Cooper bosses who have put significant funding into the race series through its position of control tyre supplier.
After eighteen strongly contested races Fernando Alonso, driving his Michelin-shod Renault, secured both Formula One world championship titles for 2006. Defending F1 world champion Renault began the defence of its title with a win in the season’s opening race in Bahrain. After placing second in Malaysia Alonso found himself back on the winner’s podium in Australia. This win was followed by subsequent victories in Barcelona, Monte Carlo, Silverstone, Canada and Suzuka.
Autodata has entered into a partnership with the Trading Standards Institute to supply information to its members. Autodata is providing Trading Standards officers with access to its CD1 service information to assist them in identifying and prosecuting the minority of rogue operators that remain in the industry.
This partnership forms part of Autodata’s ongoing commitment to improve standards in the garage industry and prevent the few rogue operators tarnishing the image of the industry as a whole. This initiative is part of a concerted effort to drive up industry standards and goes alongside its relationship with the Retail Motor Industry Federation and support of the Institute of the Motor Industry’s ATA scheme.
Derbyshire-based Pneu-Logic has introduced a new wireless and paperless fleet data recording system. The company has gone into partnership with Goodyear Dunlop to market and promote the system. Pneu-Inspector is a hand held, easy-to-use, tyre tread depth combined pressure gauge which collects accurate tyre data and uses Bluetooth technology to communicate with a hand-held mobile computer. The result is real-time information, allowing fleet managers to view data about their tyres within seconds of them being inspected.
Fast Fit Plus, on Bromsgrove Road, has joined Bridgestone’s First Stop network of tyre dealerships, a move that company representatives say will enable the business to retain its independent status while benefiting from the kudos and support of a direct association with the leading manufacturer.
“Joining the First Stop network offers the best of both worlds for Fast Fit Plus,“ explained Jason Thoms, who runs the dealership with fellow director Colin Anderson. “We have the freedom to run the business as we choose on a day-to-day basis, safe in the knowledge that there is a network of support available in terms of training, merchandising, customer relations and promotions should we need it. It’s a great position to be in, and the move provides the perfect foundation for us to take the business forward.”
National Tyres and Autocare has signed up to Tyre Identifier, a unique service recently launched by Experian, the global information solutions company, in partnership with DriveRight, the global supplier of wheel and tyre data. Serving over one million customers every year as well as the UK’s largest car and van fleets from its network of over 200 branches across the UK, National has launched a new-look website incorporating Tyre Identifier, to provide its customers with a quicker and more accurate tyre identification service.
Bosch, a leader in the supply of diagnostic and emissions test equipment and Maha, the world’s largest manufacturer of safety and service test lanes for both the car and truck workshops, have decided to enter into a European partnership. The Maha/Bosch team can offer complete workshop design and planning using AutoCAD, obtain any approvals required and supply and install the equipment including two and four post lifts, full test lanes, emission analysers, diagnostic systems and oil monitoring systems, with “state of the art” equipment. Bosch and Maha made the following joint statement: “We have every confidence that this new partnership will ensure that we can offer our present and future customers a quality product range that will meet all of their needs with low whole life costs.”
(Las Vegas/Tire Review) Cooper Tire & Rubber Co. announced a partnership with Electronic Arts on the latest version of EA’s popular Need for Speed video game series. Cooper will have an in-game presence in the form of decals, branded billboards and storefronts in the new Need For Speed Carbon game. Additionally, the Cooper Zeon 2XS will be prominently featured in the game’s only drift track. Need for Speed Carbon, which features both city street and canyon racing, is available worldwide as of 1 November.
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(Las Vegas/Tire Review) Pirelli Tire North America announced that it will become the exclusive tyre supplier to Foose Design. Foose Design founder Chip Foose, according to Pirelli, “has almost single-handedly brought the pleasures of creative automotive design to the American public through his regular TV appearances.” The first fruits of the partnership are all over the SEMA Show floor – some 30 Pirelli shod Foose vehicles are on display at the Las Vegas Convention Center.
SmarTire reported record revenue in 2006 of $3.5 million, compared to $1.46 million in 2005. Net loss for the year totalled $29.4 million, compared with $16.1 million a year ago. Losses for the year increased significantly primarily due to non-cash interest charges of $23.2 million in 2006, compared to $3.6 million in 2005.
Cooper has given details of a new motorsports partnership with the Champ Car Atlantic Series. “The Cooper/Champ Atlantic partnership is mutually beneficial. We have conducted extensive testing with the newly-designed Swift 016.a chassis and have been able to provide a tyre that allows for the best possible setup for optimal performance of both the car and tyre. The Cooper Tire racing slick allows for more adjustments in the mid-range, giving teams and drivers more scope overall. We are confident that the tyres will meet and exceed the teams’ expectations, resulting in high level competitive racing,” said Julian Baldwin, as vice president, European Operations, and managing director, Cooper Tire & Rubber Company Europe.
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(Las Vegas/Tire Review) Continental Tire North America said it will continue its unique joint marketing partnership with Wholesale Tire and Wheel Corp. (WTW), marketer of the Giovanna wheel brand. The joint marketing deal was announced at last year’s SEMA Show, and saw the launch of two Continental-produced Giovanna edition tyres. This year’s SEMA Show will see the addition of nine performance and two light truck/SUV tyres to the collection.
At the end of the 2006 season, Italian tyre manufacturer Marangoni had good reason to break out the champagne for the third successive year with a second win in the Italian Hill Climb Championship, following previous success in 2004 and additional success in the European Hill Climb Championship of 2005. Champion Simone Faggioli totally dominated the series throughout the season, exclusively using Marangoni Zeta Linea racing tyres on his way to his fourth major Italian title in his Facetti-built Osella PA21S.
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