record Archives - Page 26 of 30 - Tyrepress

Posts

Titan Wheel Corporation Employees see Record Summer Bonus

Employees of Titan Wheel Corporation of Illinois, a subsidiary of Titan International, Inc., will receive a record summer bonus.

The supplier of mounted wheels and tyre systems will pay out an average of approximately $2,500 per employee. A bonus of $2.20 per hour versus the previous record of $1.45 per hour paid in 1998.

Titan president and CEO Maurice Taylor Jr, stated: “I would like to congratulate all the Quincy employees – there is not a better team anywhere. Every night the talking heads on TV say that manufacturing is dead in the US, but the Quincy Titan employees have proven that hard work can build a successful company.”

6th July 2004/by Tyrepress Editors

Management Reshuffle as CVC and Permira Buy AA

Private equity firms Permira and CVC Capital Partners (CVC) have announced their acquisition of the AA. The companies have agreed to pay £1.75 billion, subject to regulatory approvals, for one of Britain’s best known motoring organisations.

1st July 2004/by Tyrepress Editors

Round Eight “THINK” British Superbike Championship

Fife sees the eighth round of the British Superbike Championship this weekend, which will be held at the Knockhill Circuit. After a disappointing seventh round, Dunlop Motorsport believes to be “well prepared for all eventualities.”

30th June 2004/by Tyrepress Editors

Round Seven of the British Superbike Championship.

At the halfway stage of the 2004 series, Dunlop shod machines continue their success as they lead the British Championship class on the BSB calendar.

Once again Dunlop will endeavour to maintain this racing success rate at Brands Hatch Grand Prix circuit this coming weekend.

18th June 2004/by Tyrepress Editors

Reifen 2004 the Most International Yet

This year’s Reifen 2004 exhibition was the most international yet. Exhibitors and visitors alike are already looking forward to the next show, which will take place from 23 to 26 May 2006.

15th June 2004/by Tyrepress Editors

Porsche to reach record earnings

Order intake and volumes of the current Porsche 911 versions have developed far better than the company expected. The company highlights the strong mix and the positive impact on margins, also Cayenne volumes are running strong. New 911 Carrera and 911 Carrera S 911 will come to the market mid July at the same time. Porsche is on track to reach record earnings this year, and analysts are confident to see another strong increase in earnings next year.

28th May 2004/by Tyrepress Editors

Goodyear reports record sales and continuing high losses

Goodyear has announced record sales of US$ 15.1 billion for 2003 and a net loss of US$ 802 million. Turnover in 2002 was $13.9 billion and the net loss $1.227 billion. $750 million of the increase in turnover came from favourable currency exchange rates. The company’s performance in Europe (both east and West) was satisfactory and, while Goodyear chief Keegan was very optimistic during a conference with analysts, but he had to admit that the much-needed turnaround in North America had not taken place as expected. In 2002 the corporation had to pay $241 million in interest and this sum escalated to 293.6 million last year.

19th May 2004/by Tyrepress Editors

UK Growth For Cooper-Avon

Cooper-Avon Tyres Ltd has achieved record sales results in the first quarter of 2004. Four years ago the company implemented a new strategy to help safeguard its future. As part of this, the company has seen substantial investment in new processes and products in recent years and is growing at a rate of some 10 – 12% per annum. It is anticipated that this trend is set to continue in the foreseeable future.

11th May 2004/by Tyrepress Editors

Electric Car Speed Record Attempt

On 9th June, the Primetime Engineering team will make an attempt on the 245 mph World Electric Land Speed record in their „ABBe=motion“ car on the Chott-el-Jerid salt flats in southern Tunisia. According to a computer simulation, the car should be capable of 304 mph and it has already achieved 146 mph in 1,000 yards (the longest distance available to the team in the UK). „ABB e=motion“ is powered by 58 Exide Technologies/CMP Orbital Series 800 batteries, delivering more than 600 volts and 2300 amps. The car runs on 25“ tall Goodyear Landspeed tyres and the final drive to these is via a bespoke belt and pulley system.

5th May 2004/by Tyrepress Editors

Record Sales For TBC

The TBC Corporation has turned in a strong financial performance for the first quarter of the year. Net sales were up by 69 per cent to $433.8 million (1Q 2003: $256.5 m) while net income rose by more than nine per cent to $6 million ($5.5 m). In volume terms, tyre sales rose by 32 per cent. Both wholesale and retail divisions performed well and TBC expects annual earnings to be better than originally forecast.

30th April 2004/by Tyrepress Editors

11th Director For Goodyear

Shirley D. Peterson (62) has been elected to the Board of Directors of the Goodyear Tire & Rubber Co. She is the 11th member of the board, 10 of whom are independent. Peterson spent 20 years as an attorney then, in 1989, was appointed Assistant Attorney General, Tax Division at the U.S. Department of Justice. In 1992 she was appointed Commissioner of the Internal Revenue Service by President George Bush. In 1995, Peterson was named president of Hood College in Frederick, Maryland. Goodyear’s chairman and CEO Robert Keegan praised Peterson’s record in business, government and academia, saying: “She will make important contributions to our board.”

14th April 2004/by Tyrepress Editors

Bandag Declares Quarterly Dividend

The Board of Directors of Bandag, Incorporated, has declared a regular quarterly dividend of 0.325 US dollars per share on the Common Stock, Class A Common Stock and Class B Common Stock of the Company payable April 19, 2004 to shareholders of record at the close of business on March 19, 2004.

10th March 2004/by Tyrepress Editors

Special praise for Michelin’s track record

Michelin has been praised for giving Northern Ireland’s manufacturing sector a much-needed lift. The French company, which employs over 1,200 people at a plant in Ballymena, has a long-standing partnership with North-East Institute of Further and Higher Education. But it increased its involvement with the official opening of a new technical training centre at the Ballymena-based institute’s Farm Lodge campus. The centre, which was given the seal of approval by Employment and Learning Minister Jane Kennedy, has been established to act as a focal point for manufacturing and maintenance engineering training and practices. Specific training in engineering maintenance is delivered within the Michelin Technical Training Centre by Michelin staff, complementing the work of institute lecturers.

5th March 2004/by Tyrepress Editors

Pirelli-Shod Dodge Ram SRT-10 Sets Guinness Record

A Dodge Ram SRT-10 has taken its place in the Guinness Book of World Records as the “World’s Fastest Production Pickup Truck”. Unmodified for additional power or enhanced aerodynamics, and using its original equipment Pirelli Scorpion Zero tyres, the Dodge Ram SRT-10 posted a two-lap, both-directions average speed of 154.587 mph over a “flying kilometer” on the 4.71-mile oval at the DaimlerChrysler Proving Grounds in Chelsea, Michigan. The record run by the Dodge Ram SRT-10 was certified by Guinness World Records and the Sports Car Club of America (SCCA). Filling the Ram SRT-10’s wheel wells for the record runs were production 305/40ZR22 XL 114W Pirelli Scorpion Zeros mounted on standard 10 x 22 inch alloy rims. These tyres have a maximum speed rating of 186 mph and are manufactured in Pirelli’s new factory near Atlanta, Georgia.

2nd March 2004/by Tyrepress Editors

Cooper will focus on HP, UHP this year

Cooper Tire & Rubber Co. plans to substantially boost its high performance and ultra-high performance tyre market share in 2004, Cooper Chairman, CEO and President Tom Dattilo told analysts. The 2003 figure of 2 per cent market share is a half per cent ahead of 2002 and the company is said to be selling out of its Zeon UHP product. Meeting demand will depend upon increased reliance on Asian partners, but a 32 million dollar investment in the three USA plants will also contribute to meeting demand. Sales for the last quarter were a record 967 million dollars and tyre Group sales were up 6 per cent on the previous year.

13th February 2004/by Tyrepress Editors