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Gould Wins Pirelli Star Driver Award

Following two days of hard-fought competition in Cumbria, 21-year old Bristol driver Adam Gould has become the recipient of the Pirelli Star Driver Award. This honour was gained through winning the Pirelli Star Driver Shootout competition, held on December 11 and 12. In order to win, Gould participated in a range of tests that extended beyond his driving prowess; the judging panel also examined the contenders’ fitness, interview presentation skills and knowledge of the sport. Gould finished the weekend ahead of seven other hopefuls, and in addition to the kudos attached to the distinction of winning, Gould’s prize covers a full funding in the 2009 British Rally Championship.

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  1. Search on for Pirelli ‘Star Driver’
  2. Pirelli Offers Welsh Drivers Tyre Pressure Checks
  3. No Control Tyre for Australian Rally Championship in 2009
  4. Pirelli Scorpion Ready for Rally d’Italia Sardegna
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Conti Gets Two M-B Fitments

Continental AG has earned two fitments on 2009 Mercedes-Benz models. The new 2009 Mercedes-Benz S-Class sedan will carry Continental ContiProContact radials in the U.S. market. The tyres will be fitted in size 255/45R18 99H or 255/40R19 100V XL all around, or in staggered combinations 255/45R18 99H (front) and 275/45R18 103H (rear) or 255/40R19 100V XL (front) and 275/40R19 101V (rear). The Mercedes-Benz ML63 AMG will feature Continental CrossContact UHP in size 295/35R21 107Y XL. (Tire Review/Akron)

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  1. Cup Teams to Ride on Conti Tyres
  2. Continental Extends DaimlerChrysler Supply
  3. Yokohama Advan Sport OE for 3 AMG Models
  4. Conti Produces One-Off OE Tyres for Concept Cars
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Suzuki Withdraws WRC Team

Japanese manufacturer Suzuki has announced that it will not take part in next year’s World Rally Championship including its Junior counterpart, having competed in each of the last seven series. The company says that business concerns “caused by recent global economic turmoil” have caused it to review its financial commitment to the tournament.

A company statement said that “the organisation reviews every aspect of the operations and decided to focus on the core business functions such as the manufacturing system, environment technologies, and development of new-generation powertrains for cars. As a result, Suzuki concluded to suspend the WRC activities from 2009.” The team’s sponsors, which include Italian tyre giant Pirelli among their number, have agreed to end their current deals with the team.

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  1. Musical Chairs in WRC
  2. Pirelli Star Driver for Asia-Pacific Region Selected
  3. Loeb Claims 49th Career Win on Pirelli’s New Sottozero
  4. Pirelli “Home” WRC Leg a Formidable Challenge for Tyres
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Is Schaeffler Walking Out on Continental Investment Agreement?

Schaeffler Group has signalled that it is willing to consider abandoning the investment restrictions it agreed earlier this year to pacify its hostile takeover of Continental – much to the annoyance of Conti executives. Schaeffler sources told Financial Times that the investment agreement had become obsolete “as it was constructed at a time when the world was very different.” The agreement limits the ball-bearing maker to a 49.99 per cent stockholding in Continental and upholds the tyre and automotive supplier’s independence as a legally separate entity.

Schaeffler initially said it was only interested in holding a minority stake in Conti, however, as it stands the company holds the rights to more than 90 per cent of the shares. In addition, on 14 December Frankfurter Allgemeine Zeitung’s Sunday edition printed an interview with Maria-Elisabeth Schaeffler and company chief executive officer Juergen Geissinger, in which the executives revealed they are seeking four seats on Continental’s supervisory board. According to Reuters, Schaeffler would like the four seats it is seeking to be occupied by company CEO Juergen Geissinger, CFO Thomas Hetmann, Maria-Elisabeth Schaeffler and her son Georg.

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Related news:

  1. Schaeffler May Sell a Quarter of Conti
  2. Professor: Schaeffler’s Creeping Takeover Illegal
  3. Conti: Statement Regarding Schaeffler Takeover
  4. Wennemer Set to Become Opel Advisor
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Ingersoll Rand Makes Its Mark At Dakar 2009

Ingersoll Rand, which has been involved in the Dakar rally race for the last three years, will team up with the Euromaster, Mitsubishi and Toyota teams in 2009. It will offer them portable tools, including the new IQv range of impact wrenches. These wrenches can release torques up to 500Nm and will last three times longer than similar products on the market. IQv tools are also lighter and more compact than rival products, says Ingersoll Rand, characteristics particularly appreciated by race competitors.

Ingersoll Rand’s main partner is the Euromaster Team and has provided official team support at Dakar since 2006.

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  1. Pirelli Sweeps Baja Truck Category
  2. Matador Supports British Off-Road Championship
  3. Kumho 18-inch Nemesis Tyres Complete Maiden Rally Raid
  4. First Student Team in History of Le Mans to fit Yokohama Tyres
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Toyo Proxes to Use Recycled Polyester Tyre Cord Technology

A new tyre launched onto the Japanese market on December 11 utilises the world’s first recycled polyester tyre cord product. The Toyo Proxes Ne features tyre cord manufactured using a substance produced by Teijin Fibers Limited, part of Japan’s Teijin Group. The chemically recycled Ecopet Plus polyester fibres are manufactured through a Teijin developed closed-loop recycling system known as ‘Eco Circle’, and are used in carcass of the environmentally oriented tyre. This is, comments Teijin Fibers, the first time a recycled material has been able to meet the strict requirements necessary for tyre carcass fabric.

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Related news:

  1. Union Asks Continental to Reconsider Mayfield Closure
  2. Strong Sales Increase Toyo’s Income in 2005
  3. Production Ends At Tyler
  4. Michelin Halts Silvania Zalau Production
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Flat Tyre a Favourite Excuse

The new book from author Tracey Turner, whose previous works include ‘The Disgusting Dictionary’ and ‘The YUK Factor’, details “excuses for every occasion” including the revelation that having a flat tyre is a favoured pretext for missing an exam. However, also included is the cautionary tale of a group of undergraduates in the USA sitting an assessment a day late on account of deflated rubber. Smelling a rat, the students’ professor changed the second question on the paper to, “Which Tyre?”

‘The Big Book of Excuses’ is available now from booksellers.

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  1. Goodyear Faces Federal Discrimination Suit, Says Report
  2. New Bearings Reduce Maintenance Costs for Sapphire
  3. Ceat Sri Lanka to Make Most of Lower Rubber Prices
  4. State Funds to Help Goodyear Headquarters Project
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New 3-Year Contract for Cooper’s Texarkana Plant Ratified

On December 15 Cooper Tire & Rubber gave word that the United Steelworkers of America Local 752L, the chapter representing workers at the company’s Texarkana, Arkansas facility, has ratified a new three-year contract with Cooper after workers voted ‘overwhelmingly’ in favour of it on December 13.

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  1. Cooper Makes Tender Offer to Buy Back Debt Notes
  2. Cooper Announces Dividend
  3. Cooper Continues Dividend Run
  4. Cooper Tire Agreement with Findlay USW Union Ratified
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Thorite’s Biggest Ever Catalogue Goes ‘Lite’

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Thorite, the pneumatics supplier, has launched its latest annual catalogue. At an impressive 1,460 pages and listing products from almost 200 manufacturers, the catalogue is the company’s biggest to date. In order to increase ease of use the format is slightly smaller than the previous A4 versions, as well as being printed on lighter paper. New ranges featured for the first time include the latest Hydrovane compressors, Festo pneumatics, Gast air motors and Wade compression fittings. Other noteworthy products from Norgren, CP Redipower, Redashe, John Guest, Wade, Wika and dozens of other leading manufacturers are well represented.

A page of 12 discount vouchers encourage customers to use one per month to receive discounts of up to 30 per cent on a range of products – on top of Thorite’s already ultra-competitive prices. Thorite’s specialist pneumatics expertise, which encompasses Customer Training Courses, Design, Engineering, Installation and Repair is also covered.

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  2. The ‘Market Leading’ CV Show and ATS
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Goodyear Pausing Production at Fayetteville Plant

Goodyear will stop production at its Fayetteville, US factory between December 24 and January 2, reports the Fayetteville Observer. According to the newspaper, the week and a half pause was officially announced on 5th December, although it hardly came as a surprise. We’ve known it was coming,” the paper quotes Daryl Jackson, president of United Steelworkers Local 959, as saying.

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  1. Striking Workers Offer to Supply Military
  2. Back to Business at Goodyear
  3. Goodyear US Starting Pay Reduced to $13 an Hour
  4. Goodyear to Suspend Gadsden Production a Third Time
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GAU Endorses Dickies Workwear

Group Auto Union (GAU), has adopted Dickies as its principal workwear and corporate wear supplier. The GAU membership can now stock a wide range of workwear and PPE (Personal Protective Equipment) for the workshop including coveralls and safety footwear, along with a selection of high visibility garments designed specifically for the vehicle rescue and recovery industry. Workwear manufacturers since 1922, Dickies products combine traditional materials and manufacturing techniques with the latest developments in fabric technology has resulted in a workwear range that will meet the demands of the automotive industry.

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  1. Auto Shanghai attracts 200,000
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  4. Talk of Redundancies at Mount Vernon Mere Rumours, Says CTNA
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GEA Assesses Lift Engineers

The Garage Equipment Association (GEA) is aiming to raise standards in its industry by assessing vehicle lift installation and service engineers. The computer-based knowledge assessment is conducted at the GEA offices in Daventry and comprises of questions relating to the UK’s Lifting Standards and Regulations. Engineers achieve accreditation when they answer 70 per cent or more of the ‘closed book’ test questions correctly.

Gary Shepherd, president of the GEA, commented: “Knowledge of Health and Safety, British Standards and the Lifting Equipment Regulations together with product training from the lift manufacturer leads to the competence required to work as a professional vehicle lift engineer”. It’s our intention to raise the standards within our industry. Vehicle lifts must be installed and maintained correctly by a competent person and this assessment is the first step in measuring an engineer’s competence”.

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  1. Maywood Recruits ‘Leader in His Field’
  2. Majorlift Goes for Compac
  3. GEA Appoints New President
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Conti CSEasy Wins Industrial Tyre Comparison Test

A DEKRA certified test in Germany shows that the Continental CSEasy SC20 is between 3.7 and 12.8 per cent more economical than its competitors. Six competitor tyres were examined alongside the CSEasy including: Bergougnan Elite XP, Solideal Magnum, Watts Premia, Marangoni Eltor 5, Gumasol Softy NP80 and Trelleborg Rota VP15.

Hans-Jürgen Sauerwald, head of testing at Continental’s Industrial Tyres business unit, commented: “The lower rolling resistance means a saving of between 257 and 900 euros per year for each fork lift in use for 6,000 hours annually.”

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Related news:

  1. CSEasy Does it from Continental
  2. Continental Says CSEasy is the Future
  3. ContiTread Range Ready, says Marangoni
  4. Industrial Tyre Association Makes Best Practice Plea
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Report: Schaeffler Needs up to 7 billlion Euros Share Capital

Schaeffler Group needs somewhere between 4 and 7 billion euros of new share capital, Germany’s Handelsblatt newspaper reported on Friday 12 December. According to a Perella Weinberg study presented to Continental’s supervisory board, Schaeffler has net debt of around 11 billion euros (six times annual EBITDA), Handelblatt reported. The newspaper’s banking sources said at the end of November no changes would be made to Schaeffler’s 16.1 billion euro syndicated loan before 2009.

At the same time as Handelblatt published its story, Wall Street Journal Europe reported that Continental is in talks to restructure the multi billion euro loans it arranged for the purchase of Siemens VDO Automotive. However, Reuters reported that Continental is not trying to restructure these “at this stage.” Quoting a source familiar with the matter, the newswire said it may have to do so next year if Schaeffler increases its stake to a majority shareholding or if the economic environment worsens dramatically.

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Related news:

  1. ContiTech Given Approval for UK Acquisition
  2. Conti May Eliminate 2,000 VDO Jobs
  3. Schaeffler Appeals for Investment
  4. Conti to Buy Parts of Schaeffler?
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Nokian Tyres Anticipating Lower Net Sales and Operating Profit

Nokian Tyres reports that its fourth quarter sales have been “weaker than expected” and the company’s operating profit will be lower than the set target. The company says it will not reach its previously communicated sales target for 2008 of 1,150-1,200 million euros. This downward revised estimate comes in spite of an anticipated five per cent growth in group net sales during 2008, and operating profit that is estimated to be on the previous year’s level.

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  1. Nokian’s Leningrad Factory Due to Open in July/August
  2. Nokian Sales Grow 18.3 per cent, pre-tax profits down 10.8 per cent
  3. Nokian Signs JV Agreement in Kazakhstan
  4. Nokian Begins Job Cut Talks
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