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Superior Industries’ Q2 net income 56% lower

Wheel manufacturer Superior Industries International has reported a net income of US$6.4 million for the second quarter of 2012. This result for the three months to 30 June represents a 56.4 per cent year-on-year drop in net income despite a three per cent increase in consolidated net sales to US215.1 million. Unit shipments increased 14 per cent to 3.3 million from 2.9 million in last year’s second quarter, while gross profit was $15.7 million, or seven per cent of net sales, compared with $19.5 million, or nine per cent of net sales, in the comparable period a year ago.

6th August 2012/by Tyrepress Editors

Infineon receives Denso award for TPMS sensors

On 30 July, Infineon Technologies reported its receipt of a 2011 Technical Development Award from the automotive system supplier Denso Corporation. Denso recognised Infineon for its development of a specific tyre pressure sensor chip that enables Denso to realise a more cost effective system and which supports built-in autolocation. Infineon’s TPMS sensors support direct systems, where the tyre pressure is measured inside the tyre and the pressure value is transmitted via RF to the receiving unit of the car. In this regard, autolocation means that the system automatically correlates the four received pressure signals with the appropriate four tyre positions.

3rd August 2012/by Tyrepress Editors

Saab Parts UK to launch national brokerage service

Saab Parts UK hopes to ensure a consistent supply of used Saabs on forecourts following the 2011 demise of the company by launching a new national broker service for their pricing and placement on 1 August, 2012. The facility for Saab trade enquiries will be administered by a dedicated and highly experienced Saab used car expert based at Saab Parts UK’s HQ in Cranfield. The parts company’s move into vehicle brokerage is inspired by the 188,000 Saabs on UK roads.

23rd July 2012/by Tyrepress Editors

ATS Euromaster aiming to double CV wheel market share with MWS partnership

Tyre specialist ATS Euromaster has signed a two year deal with independent wheel distributor Motor Wheel Service (MWS) aimed at more than doubling ATS Euromaster’s share of the UK commercial vehicle wheel market by the end of 2013.

23rd July 2012/by Tyrepress Editors

Hankook staff raise £6,600 through Cycle Madagascar Challenge

Two Hankook Tyre UK employees, product and pricing analyst Mike Olsen and customer service advisor Ben Thompson, have completed the Cycle Madagascar Challenge, and in doing so raised £6,600 for the international development charity, Transaid. Mike and Ben returned from Madagascar – the island off the coast of Africa, not the animated film – after completing a gruelling cycle of almost 500 kilometres across the country’s varied landscapes.

12th July 2012/by Tyrepress Editors

Goodyear’s German tyre stores to use e-paper solution

The Goodyear Tyre and Rubber Company’s ‘Quick Reifendiscount’ stores in Germany have given e-paper manufacturer ZBD a “significant contract” to roll out its large format displays. Working alongside installation partner Aha Trade Marketing Concepts, ZBD will provide its e-paper displays to Quick stores over the next few months. With tyre labelling mandatory in November, tyre retail stores continue to search for the best ways to display information. It seems that a flexible system such as e-paper could allow companies to integrate the new label into current product pricing displays effectively.

11th July 2012/by Tyrepress Editors

May figures show continued downward trend in Europe

Market figures released by Pirelli yesterday show Europe continues to be at home to lackluster tyre sales. According to the Italian manufacturer’s data, original equipment passenger car tyre market volumes in May 2012 declined 13 per cent year-on-year, while the replacement segment experienced a ten per cent year-on-year drop. Year to date, volumes in the original equipment and replacement markets have declined seven per cent and 13 per cent respectively. Pirelli’s May figures support data released by Michelin on 13 June; the French tyre maker reported that Europe’s original equipment passenger car tyre market sank 12.2 per cent during May, while the replacement market declined 6.8 per cent.

22nd June 2012/by Tyrepress Editors

R&D investment aids quality and technology within Hankook range

Hankook reports that five per cent of its annual revenue is directed towards research and development, an investment it says allows the development and production of the very latest in market-specific tyre solutions. Such investment is considered by the Korean manufacturer as key to ensuring optimum quality and technology within its high performance portfolio – a range it says is specifically designed to suit all types of motorists.

7th June 2012/by Tyrepress Editors

Moody’s upgrades Michelin

Moody’s Investor Service has upgraded Compagnie Générale des Etablissements Michelin's long-term credit rating to Baa1 from Baa2, with a stable outlook. Michelin’s P-2 short-term rating remains unchanged.

26th April 2012/by Tyrepress Editors

Nizhnekamskshina begins three-year AvtoVAZ OE supply deal

Russian car maker AvtoVAZ, manufacturer of the Lada brand, has announced its entry into a three-year strategic partnership agreement with tyre maker Nizhnekamskshina. The deal was signed by Damir Kashapov, vice-president of procurements at AvtoVAZ and Nail Maganov, first deputy general director of Nizhnekamskshina’s parent company OAO Tatneft; it provides for delivery of up to nine million tyres from 2012 to 2014.

21st March 2012/by Tyrepress Editors

Best opportunity: Midas CEO comments on TBC deal

Following news that Midas will be acquired for an estimated US$310 million, company CEO Alan Feldman described the deal with TBC Corporation as being “the best opportunity for Midas to go forward.” Speaking to the Chicago Tribune newspaper, Feldman described the acquisition as a “strategic, compelling marriage of two leading brands in the automotive repair aftermarket.

15th March 2012/by Tyrepress Editors

Toyo Canada price rise announced

Escalating raw material costs are behind Toyo Tire Canada’s decision to increase prices for winter passenger car and light truck tyres by up to 3.5 per cent. The new pricing will take effect 1 April 2012.

5th March 2012/by Tyrepress Editors

Dunlop Motorsport announces new manager

Richard Johnson has been appointed Dunlop Motorsport’s sales and product manager, Motorcycle Tyres. The role will cover product management, pricing and strategic planning for its motorcycle range. Steve Male, manager, Motorcycle Motorsport Europe stated: “We are delighted that Richard is able to progress into this role. His appointment brings the knowledge gained in some of the world’s most competitive racing environments and gives us the opportunity to benefit from his vast experience as we grow our motorsport business.”

28th February 2012/by Tyrepress Editors

Diesel price hits record high

Bad news for hauliers, as the price of diesel has hit a record high having rocketed by 10 pence per litre (ppl) in just 12 months – an inflation-busting 7 per cent rise – reports RMI Petrol.

The increase leaves diesel at 143.05 pence per litre (ppl), a level that could derail Government plans to curb inflation, is a disaster for motorists, and puts the livelihoods of hundreds of fuel retailers at further risk says RMI Petrol Chairman Brian Madderson.

21st February 2012/by Tyrepress Editors

Bosch appoints braking product specialist

Edmond Kelleher has joined Bosch Automotive Aftermarket as product specialist for braking systems following his predecessor Dominik Jedrzejak’s move to the position of Bosch product manager for wipers in Singapore. Kelleher brings with him a long list of automotive industry experience, including posts at Ford and Hyundai in Germany, in which his roles included working in product definition, product planning and customer relationship management. His role at Bosch involves responsibility for braking systems in the Automotive Aftermarket, including product management, marketing, cataloguing and pricing.

20th February 2012/by Tyrepress Editors