Wegmann automotive has appointed Esteban Urgel as its new sales manager for the Iberian region. The company says the appointment represents an increase in its efforts to spur “rapid growth in European countries outside Germany”. Urgel took up his post, covering Spain and Portugal, in February.
Ahead of the European tyre labelling laws that will be implemented from the middle of this year, Bandvulc has developed a new tyre labelling system of its own which it will be demonstrating at this year’s CV show.
ATS Euromaster says it is ducking to meet the finish line of its preparations for the London Olympics in late-July through to 9 September, when the Paralympic Games close. The company has been introducing measures to ensure its ability to support customers in areas affected by the Olympic and Paralympic Games. With three centres located within six miles of the Olympic Park in Stratford (Bow, Leyton and Camden), the company has special reason to make special plans, though ATS-E says it is taking into account all of its 15 centres within the M25, those close to Olympic venues outside London and centres near major airports, where traffic is expected to reach record levels on 13 August (the day after the Olympic Games closing ceremony).
The Titan International Board of Directors has approved a quarterly cash dividend of US$.005 per common share for the first quarter of 2012. The cash dividend is payable 16 April 2012, to stockholders of record on 30 March, 2012.
The latest new motorcycle and scooter figures show sales overall were up 1.4 per cent against February 2011. Under 50cc scooter sales were down 15.8 per cent in February, while over 50cc motorcycle sales have increased six per cent.
The Goodyear Tire & Rubber Company has declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The payout represents an annual rate of $2.9375 per share.
Tyre manufacturer Maxxis was among the first to offer congratulations to Liverpool FC after it won the Carling Cup yesterday (26 February), to establish a record eight victories in the League Cup competition.
The battle of the supercars in the Dunlop Dubai 24 hour race is made possible by the frenetic activities of tyre-fitters in the pit lane, which the headline sponsor and tyre supplier calls “the world’s busiest fast fit centre”. During the 24 hour race, the Dunlop team fitted over 3500 racing tyres. At peak times, during the opening stages of the race when all the cars were competing, the team was fitting, inflating and balancing a Dunlop tyre every 15 seconds.
Continental AG’s management is confident enough that its fourth quarter revenue will beat the third quarter to tell analyst of the upgrade. According to Morgan Stanley, this implies a slight upgrade to consensus numbers which following 7.7 billion euros for the third quarter currently stand at 7.6 billion for the final quarter of the year.
Vacu-Lug Traction Tyres Limited is one of the latest group of successful companies to join a leading edge scheme, designed to help industry improve its safety record. The Grantham, Lincolnshire-based firm recently received accreditation from SAFEcontractor, a programme which recognises high standards of health and safety practice amongst UK contractors.
Goodyear Tire & Rubber’s directors have declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The dividend is payable 1 January 2012, to shareholders of record on 15 December 2011. The payout represents an annual rate of US$2.9375 per share, the tyre maker comments.
The number of visitors attending the first day of this year's Reifen China exhibition in Shanghai is said to have set a new record, with around 5 per cent more attending the show than in 2010. According to exhibition organisers Messe Essen, combined initial figures for both Reifen China and RubberTech, which is run in parallel in neighbouring halls, show that 5512 visitors attended the opening day of the show compared with 4300 in 2010. More than a fifth were said to have been “international” visitors.
The Tire Industry Association (TIA) has reported the “huge success” of its Global Tire Expo, held in conjunction with the US-based SEMA trade show. According to the TIA, this year’s event attracted a record number of attendees and exhibitors, with more than 132,000 people attending the co-located exhibitions and 61,000 buyers in attendance. This, the association adds, signifies the value that the Global Tire Expo and SEMA have for the wholesaler and manufacturing community.
The Goodyear Tire & Rubber Company has carded an all-time record for quarterly sales and earnings in the third quarter, going past the $6 billion mark in sales for the first time. “I’m very pleased with our performace,” said Richard J. Kramer, chairman and chief executive officer. “Our third quarter results are another step on the path toward our 2013 targets and especially meaningful given the challenging market conditions in much of the world,” he added.
Portland-based independent tyre dealer group Tire Factory has announced record comparable-store sales growth through the third quarter of 2011, reports Tire Review. According to CEO John Kreidel, comparable-store (those stores that have been a member for at last one year) sales were up more than 15 per cent and member purchases were up some 37 per cent year-over-year through three quarters.
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