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New OE Aluminium Casting Wheel Manufacturer

Only two years after its foundation, Cevher Alloy Wheels (Izmir, Turkey) has achieved the impressive feat of becoming an original equipment (OE) manufacturer of aluminium casting wheels. The company’s first assignment will be producing wheels for the Volkswagen T5, followed by a contract to work with Ford in the company’s Turkish car plant. In a promising development for the company, there have also been discussions with BMW. The acceptance of the company into the OE ‘circle’ is down to years of OE experience producing a range of other aluminium car parts says group president and CEO, Haluk Oezyavuz.

8th September 2004/by Tyrepress Editors

Toyo Forms New Chinese Subsidiary

Toyo Tire & Rubber Co has announced that it has set up a wholly owned subsidiary in Guangzhou, southern China.

7th September 2004/by Tyrepress Editors

BMW Motorsport Director Concerned About F1 Tyres

Dr Mario Theissen, BMW Motorsport director, has raised concerns about the increasing amount of tyre damage that is taking place on the Grand Prix circuit.

31st August 2004/by Tyrepress Editors

Cooper’s Numbers Look Good

Analysts have reported that Cooper’s 2nd quarter results were better than they expected. The good results are said to be mainly due to improved performance from the Cooper tyre division. This is good news for the company because it is due to sell its Auto Parts division, making tyre production its core business.

23rd July 2004/by Tyrepress Editors

Euro Car Parts Takes 800 Customers on Safari

In a bid to reward loyalty, UK based Euro Car Parts has sent more than 800 garage owners, specialist repairers and workshops on an African Safari.

The promotion, sponsored by Lion Batteries, targeted more than 10,000 UK customers operating in the car aftermarket sector.

Individual sales targets were set over a six-month period with the incentive of winning a trip for two to Kenya. The holiday included safari to the Masai Mara game reserve and five star accommodation, all courtesy of the independent supplier of car parts.

Chris Barella, group marketing manager at Euro Car Parts, said: “We have built up long term working relationships with customers across the UK, based on trust and quality of service and wanted to reward the loyalty of our customers by offering them something extra special. From the feedback we’ve had it looks like we achieved this.”

30th June 2004/by Tyrepress Editors

Goodyear Win Innovation Award

Goodyear’s Two-Piece Assembly was has won a Nortech Innovation Award at the 2004 award. The ceremony, held 8 June was sponsored by the Northeast Ohio Technology Coalition. Nortech’s annual innovation awards recognise companies, non-profit organisations and individuals that have been responsible for creating, developing or implementing new ideas.

17th June 2004/by Tyrepress Editors

The Aftermarket Show 2005

The Aftermarket Show returns to the NEC from 13-16 January 2005. Organiser Haymarket Exhibitions says the event will give a high profile to suppliers from the tyre, wheel, accessory, consumables, parts, electrics and garage equipment sectors.

Last January’s inaugural show attracted more than 24,500 dedicated trade visitors, part of a combined total of 91,000 business and motorsport enthusiasts who visited the show and sister attraction Autosport International.

The Tyre Industry Council (TIC) will again sponsor the tyre sector of the show, which will aim to attract interest from a broad cross section of manufacturers, wholesalers, equipment and services suppliers. Dutch manufacturer Vredestein has already confirmed its return in 2005.

TIC secretary Peter Taylor said: “We are working with Haymarket to develop a number of innovative concepts that will appeal to specific sectors of the industry. The response to the first show in January was very encouraging, which makes 2005 a real opportunity to create an exhibition that delivers something new, exciting and valuable to the trade.”

The Aftermarket Show – Exhibitor Contacts: Tel: +44 (0)207 267 8300 www.theaftermarketshow.com

15th June 2004/by Tyrepress Editors

Pirelli Prices To Rise In North America

Pirelli Tire North America is to increase prices of passenger car and light truck tyres from 1st June. All Pirelli branded tyres will be affected by the increase, which will vary by product offering but will average three per cent. PTNA President and CEO Guy Mannino blamed raw material costs for the increase, but added that they were lower than in other parts of the world because of manufacturing efficiencies made by PTNA.

28th April 2004/by Tyrepress Editors

Kleber Assistance Offers Peace Of Mind

Kleber has launched a new roadside assistance service for buyers of any car tyre from its range. Kleber Assistance is available free to drivers who purchase Kleber tyres. It offers three years free cover against tyre-related breakdowns and includes vandalism, punctures or any other type of accidental damage. The service operates 24 hours a day, seven days a week and assistance is provided within one hour, anywhere in Europe. If the tyre cannot be repaired at the roadside and the spare wheel is unusable, the vehicle will be taken free of charge to the nearest garage where the tyre can be replaced at the driver’s expense. In the event of no garage being open the vehicle and occupants will be taken to a place of safety such as a hotel or the driver’s home if nearer. Although new to the UK, Kleber Assistance has been running in parts of Europe for some time.

15th April 2004/by Tyrepress Editors

Cooper wants to sell auto group

Cooper Tire & Rubber Co. is reported to want to sell off its automotive group. The automotive parts division accounted for almost half of last years sales. Cooper-Standard Automotive, based in Michigan, had revenues of about 1.66 billion US dollars in 2003. Cooper said it could use money gained from selling the auto unit to reduce debt or invest in tyre operations. Chairman Thomas Dattilo said the company may be better off concentrating on its tyre business and expanding overseas.

25th March 2004/by Tyrepress Editors

Daekyung signs up Cooper Tire & Rubber

Daekyung Chemical Corp. has agreed to a contract to Cooper Tire and Rubber Co.’s automotive parts group. Cooper-Standard Automotive will help design and support engineering development for engine mounting systems for future Kia and and Hyundai vehicles.

19th February 2004/by Tyrepress Editors

Wheels

One of the few parts of the car to be regarded as a fashion accessory, the numbers and types of wheel design is constantly growing and changing. We take a look at what is on offer in the way of latest styles for the fashion-conscious motorist.

4th September 2003/by Tyrepress Editors

CVC propose 350 million US Dollar investment in Federal-Mogul

Federal-Mogul Corporation has advised the U.S. Bankruptcy Court for the District of Delaware that it has approached Citigroup Venture Capital Equity Partners, which has expressed an interest in making an equity investment of 350 million US dollars in the company. CVC has requested that Federal-Mogul agree to an exclusive 90-day negotiating period with CVC and to reimburse CVC for necessary fees and expenses incurred by it in connection with the due diligence review of the company’s business and negotiation of the possible investment.

Chip McClure, Federal-Mogul chief executive officer and president says, “An investment of the type CVC is proposing, if consummated, would create value for the long term by strengthening the balance sheet and enhancing liquidity, while helping ensure that we will continue to deliver innovative products and services to our customers.”

An infusion of new capital will reduce Federal-Mogul’s long-term debt and significantly enhance its liquidity, thus strengthening the company’s ability to compete and succeed in the increasingly competitive global auto parts market.

28th August 2003/by Tyrepress Editors

Car Manufacturers Urging Suppliers To Head East

In North America, Ford and GM are encouraging their suppliers to produce more parts in China, not only to support locally-made vehicles, but to enable them to match a “world price”, based on a Chinese price. The companies offer a deal where, if a supplier builds a factory in China, it can sell to Ford and GM factories in North America. GM Europe denied that it was pressurising suppliers to re-locate, although if a supplier asked GM how he could cut costs, he might be advised to move to China or Korea.

1st July 2003/by Tyrepress Editors

Visteon Moves To China

Car parts producer Visteon is moving its Asian HQ from Tokyo to Shanghai in order to capitalise on the growth in demand for vehicles in China. Visteon has five joint ventures in China, all supplying the domestic industry, and last year they turned over $550 million, compared with $350 million from Japan.

25th June 2003/by Tyrepress Editors