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73% of eBay Van Tyres “Potentially Unsafe”

A Continental Tyre Group survey of van tyres bought online has found that the vast majority of sampled tyres were either poorly marked or potentially unsafe. Peter Robb, Continental product manager explained the process: “Through an outside agency we randomly purchased 15 tyres over a period of 3 months. We were very conscious that the test be as fair as possible so the tyres are representative of 7 manufacturers, including Continental and were bought from different areas of the country and for different tyre sizes appropriate to vans”.

Once purchased the tyres were examined by Continental’s technical tyre consultants, entyrety, The findings showed that whilst each of the tyres were within legal limit for tread depth in other respects they did not comply with the regulations which came into force in June 1995 and many of the tyres were in poor condition.

9th July 2008/by Tyrepress Editors

Pirelli Complete Speed Acquisition

Financial news sources report that Pirelli have acquired the 19.19 per cent of Speed SpA necessary to complete the full purchase of the company.

Speed owns a 38.9 per cent stake in Pirelli – the only stake not already owned by the Italian manufacturer itself. The acquisition of Speed for the grand sum of 835.5 million euros – as announced back in March – therefore completes the repurchase of shares in Pirelli Tyre.

9th July 2008/by Tyrepress Editors

Tyrespot Changes Logo, Joins Pirelli in Rally Promo

Tyrespot – the north-eastern England tyre retail and fitting business – has unveiled its new corporate image at the company’s depot in Washington, Tyne and Wear. In the ensuing months, the new “Autocentre” brand will adorn each of the company’s retail sites, in an attempt to draw attention to its tagline, “More Than Just Tyres”.

2nd July 2008/by Tyrepress Editors

HiQ Offers 5% Online Discount to BTCC Fans

HiQ is offering British Touring Car Championship fans a 5 per cent discount for BTCC fans that buy and book their tyres online at www.hiqonline.co.uk. The savings are in addition to the existing offers that always apply whenever online purchases are made.

HiQ’s commercial manager Farrell Dolan said: “Not only are our online prices highly competitive, we’re also offering an additional five per cent off to the fans of the BTCC, who turn up in their thousands at every race weekend. Our sponsorship of the BTCC is in its first year of a three year deal, and we have all been amazed by the fans’ dedication and passion so far.

26th June 2008/by Tyrepress Editors

Goodyear Refunds Customers After “Unsubstantiated” Claims

Goodyear Tyres has issued an apology and offered refunds to Australian customers who purchased the company’s Eagle LS2000 range, following the manufacturer’s unsubstantiated claims about the tyres’ environmental friendliness. The Australian Competition and Consumer Commission had investigated and found misleading or deceptive the company’s claims that the range was “environmentally friendly”, had “minimal environmental impact”, could “improve fuel economy” and that its production process resulted in “reduced carbon dioxide emissions.

26th June 2008/by Tyrepress Editors

Retreading Plant & Chinese Sales Key to Greater Goodway Earnings

Goodway Integrated Industries views its recent venture into China and the purchase of a plant in the Malaysian city of Shah Alam as key to greater future earnings, reports Malaysia’s The Star newspaper. The company, which was caught off-guard by a sharp increase in rubber prices during the first quarter, expects improved performance in the coming months following a review of its selling prices.

“We are able to pass down some of the price increases to our customers, which should help improve our profits for the rest of the year,” group CEO Tai Boon Wee said after the group’s June 24 AGM.

25th June 2008/by Tyrepress Editors

JK Tyre Acquires Mexican Firm Tornel

Indian tyre firm JK Tyre & Industries has completed the purchase of a 100 per cent stake in Mexican manufacturer Tornel. The company reportedly spent 2.7 billion Rupees in bringing Tornel under its control. The move adds a 290 tonne production capacity in Mexico to JK’s domestic capacity of 650 tonnes.

In a statement from JK Tyre, the reasons cited behind the acquisition included the desire to increase the global impact of the firm, while the location of Mexico was particularly important in opening access to the North American Free Trade Agreement and the developing territories in Central and South America.

24th June 2008/by Tyrepress Editors

American Tire Corporation to Hold Goodyear Acquisition Lectures

It appears American Tire Corporation (ATC) still holds a strong interest in acquiring the Goodyear OTR tyre facility in Kansas, USA. To follow on from the letter sent to Goodyear regarding this on April 21, ATC is organising a number of information events and has invited a number of senior Goodyear exports to speak at these. These speeches are due to be held at the ATC facility in California on June 23 and “thereafter”, a press release from ATC states.

23rd June 2008/by Tyrepress Editors

Thorite Publish “Demystifying” Air Supply Brochure

The mist is set to lift from the eyes of companies with the task of installing an “effective and efficient workshop compressed air supply”, as Bradford-based supplier of pneumatic products and process systems, Thorite have published a 16-page guide to the job.

‘Pipe Up!’ delivers a complete illustrated step-by-step guide to installing compressed air systems: “All the different components required to complete an efficient air distribution system are fully detailed and the brochure’s illustrations are linked by keys to the main Thorite product catalogue, for easy identification and purchase.”

19th June 2008/by Tyrepress Editors

BBS to Acquire Certain Hayes Lemmerz Assets in Europe and US

German developer and producer of lightweight wheels for premium segment vehicles, BBS International GmbH, a division of Punch International nv, has announced the acquisition of the Hoboken, Belgium subsidiary of Hayes Lemmerz International, Inc. Under the terms of the agreement announced on June 16, BBS has acquired all of the outstanding shares of Hayes Lemmerz Belgie B.V.B.A., including its factory based in Hoboken, near Antwerp. The Hoboken factory produces cast aluminium wheels for passenger cars and currently employs approximately 315 people.

In addition, Punch Property International nv, the Punch group’s property investment company, has entered into a definitive agreement with Hayes Lemmerz International – Georgia, Inc. to purchase the real estate and certain equipment associated with the Hayes Lemmerz subsidiary located in Gainesville, Georgia, USA. This acquisition is expected to be completed following Hayes Lemmerz’ cessation of production at the Gainesville factory. On May 12, Hayes Lemmerz announced it would close the factory by the end of December 2008. The Gainesville factory is situated less than 15 miles from the BBS factory in Braselton, and BBS will use the facility to support its non-OEM activities in the USA.

16th June 2008/by Tyrepress Editors

Michelin Extends TBWA Advertising Relationship to US

Michelin has announced the selection of the advertising agency TBWA\Chiat\Day New York to represent its Michelin brand passenger car and light truck replacement tyre business in the United States, effective immediately. TBWA currently represents Michelin’s passenger car and light truck replacement tire business in Europe and Asia, and the company has chosen to extend its partnership with the US agency network of TBWA to allow ‘greater global synergies for the brand’ including productivity, speed of operations and operational efficiency.

“TBWA will draw upon their experience with the Michelin brand in other countries,” said Claire Dorland Clauzel, senior vice president Michelin Communication & Brands, member of the Group Executive Council. “Our vision is to continually enhance the effectiveness of our communications and the addition of TBWA will help us achieve that goal,” added Scott Clark, COO, Michelin Americas Small Tires. “With this decision, we have a unique opportunity to expand the integration of our communications teams and energise a new, powerful agency team capable of reaching consumers in ground-breaking, creative ways to drive brand preference and purchase intent for the Michelin brand.”

13th June 2008/by Tyrepress Editors

Russian Antimonopoly Body Studying Amtel-Vredestein Submission

Amtel-Vredestein has approached Russia’s Federal Antimonopoly Service, requesting permission to buy 100 per cent of Sibur Russian Tyres. Consent from the antimonopoly office would permit the two companies to progress with their plans to join together. While Amtel-Vredestein would initially purchase the assets of Sibur Russian Tyres, the Russian company would then buy sufficient shares in Amtel-Vredestein to give it control.

The Federal Antimonopoly Service said on June 3 it requires additional time to study the application.

9th June 2008/by Tyrepress Editors

Michelin Guarantees its Radials Last 2x as Long as Solid Tyres

Michelin is so confident in the performance of its XZM radial tyres that it is offering forklift truck operators a money-back-guarantee if they do not last at least twice as long as solid or cross-ply tyres. The manufacturer is also offering a 90-day satisfaction warranty.

“If you haven’t experienced the benefits of pneumatic tyres over solid, now is the time to try,” says Darren Lindsey, Head of Michelin Earthmover and Industrial Tyres at Michelin Tyre plc. “We are so confident in the performance of the Michelin XZM that if, for example, your solid or crossply tyres currently last 1,000 hours, we will guarantee that under the same conditions of use the XZM tyre will last 2,000 hours. If they fail to reach 2,000 hours, Michelin will reimburse you the difference – a promise valid for two years from the date of purchase.”

3rd June 2008/by Tyrepress Editors

Potential Scam Targets SEMA Members, Exhibitors

(SEMA eNews) The International Association of Exhibitions and Events (IAEE) has reason to believe that www.expo-guide.com, a company operating out of Mexico, is targeting SEMA Show exhibitors and SEMA members to purchase a three-year commitment of advertising that is cleverly disguised as an offer of a free directory listing.

2nd June 2008/by Tyrepress Editors

Michelin Ranked No.1 in J.D. Power Winter Tyre Survey

For the fifth year in a row J.D. Power Asia Pacific has ranked Michelin the top brand for Japanese motorists in terms of winter tyre product satisfaction. The J.D. Power Asia Pacific 2008 Japan Winter Tire Customer Satisfaction Index Study is also itself now in its fifth year and measures customer satisfaction in five key areas: performance on snow covered roads, icy roads and regular roads, as well as tyre appearance and quality/durability. The overall index score is calculated based on customer evaluations and scored on a 1,000-point scale.

Average customer satisfaction for all brands is 592 points, up ten points since 2006. Industry-wide, the survey has shown tyre performance in icy and regular road conditions to have improved during the past three years. However, performance on icy road conditions has consistently received low ratings during the past three years, and according to the survey results continues to be an area for improvement for the industry.

2nd June 2008/by Tyrepress Editors