The latest generation of low rolling resistance tyres can pat themselves on the back – they have played a role in enabling the UK car parc to reach, and pass, the 2015 EU-wide average emission target of 130g/km CO2. According to the ‘New Car CO2 Report 2014’ published by the Society of Motor Manufacturers and Traders (SMMT) today, the average new car in the UK now emits 128.3g/km CO2 – a 3.6 per cent decrease over last year.
The Freight Transport Association has welcomed the Government’s decision to offer local highway authorities £80 million to fix the roads most damaged by severe weather. However, with the possibility that we will see more occasions when severe weather will affect our road network, highway authorities must look at their whole life maintenance plans to build and maintain more reliable, resilient roads.
Wheelmaker Uniwheel has released a new Rial-brand alloy wheel aimed leisure vehicles, vans and small trucks. Available in five and six spoke designs, the Transporter (as it is known) is available in a “polar-silver” finish in a variety of 15 – 17 inch sizes.
In the previous financial year, Nexen Tire only managed to slightly increase its global turnover. The third-largest Korean tyre maker reported a 2013 turnover of KRW 1.73 trillion (£973.38 million), just 1.3 per cent higher than in 2012. Income also came under pressure. While operating profit amounted to KRW 177 billion (£99.38 million) and lay 1.9 per cent below the previous year’s result, net profit decreased 7.8 per cent to KRW 124 billion (£69.63 million).
The AA’s flood rescue team, AA Special Operations, is calling for a review of road signage around flooding and warning drivers of the penalties for ignoring them. Since 1 December, the AA has attended around 3,200 flood-stricken vehicles, many of which were the result of drivers wilfully ignoring or misunderstanding road closure signs. Previous research […]
Sumitomo Rubber Industries appears to have contested Goodyear Tire & Rubber Company’s claims of “anti-competitive behaviour” on the part of the Japanese tyre manufacturer. Following the news that the two companies are in arbitration regarding the dissolution of their joint ventures and international alliances, Sumitomo published a short Japanese-language statement making it clear that the firm doesn’t agree with Goodyear’s take on things.
As of 10 February, Dr. Karsten Obenaus is the new CFO of alloy wheel manufacturer Uniwheels. Previously head of financial accounting, Dr. Obenaus has long held senior positions within Uniwheels’ finance department. He succeeds Eckehard Forberich, who has left the company. Forberich held the role of CFO since 1 July 2011.
Italian tyre wholesaler Univergomma and the company’s Momo Tires exclusive brand reported a 19.8 per cent increase in sales volumes. According to Alexandra Peccia, head of marketing and public relations at Univergomma the impressive growth came despite the tough socio-political climate that is going through Europe and especially through Italy. Sales (in terms of value) were up 14 per cent year-on-year, confirming an initial profit margin exceeding 22 per cent and an EBITDA margin of 5.47 per cent.
Marco Tronchetti Provera has already indicated he will divest his family’s share in Pirelli some time in the next few years, however the Italian tyre maker’s chairman and CEO has quashed speculation that he has received a proposal regarding a potential Pirelli sale. In a statement written on 29 January and published by Reuters, Tronchetti Provera described suggestions of a change in Pirelli’s ownership structure as “pure fantasy”.
The European tyre pressure monitoring systems (TPMS) market could be worth 531.7 million euros by 2020, according to a report published on 23 January by Research and Markets. The European TPMS market is expected to grow at a compound annual growth rate (CAGR) of 30.4 per cent.
North Yorkshire Police confirm that a 51-year old man has been arrested as part of the investigation into the fire that began at Newgen Recycling in Sherburn-in-Elmet on 16 January. Police describe the man as ‘local’ and say he has been released on police bail pending further enquiries.
The apparent UK tyre market is estimated to have grown by 3 per cent in 2013 at the behest of growing automotive market, according to Tyre Industry, a new market Report from market intelligence provider Key Note. Read a little further and there are suggestions that the 2014 – 2018 period could be some of the UK tyre market’s best years yet.
The TPMS market was worth 1.4 billion yuan in 2012, according to research published in 2013. According to Huidian Research, this number is expected to exceed 1.5 billion yuan in 2013. Although China’s TPMS market has maintained rapid growth in recent years in parallel with a booming automotive and following tyre sector, the market scale is still relatively small compared with other automotive electronics products (such as EMS, ABS, automotive audio, airbags and auto instruments) and this industry is still described as being “in the initial stage of development”.
The two Goodyear managers held against their will by workers at the company’s Amiens Nord factory in France have been freed, various news sources report. Their release occurred several minutes after police entered the facility. Related news: Amiens Nord workers protesting again Goodyear lodges complaint over managers’ ‘boss-napping’ Drug Sting Brings Arrests, Warrants at Goodyear […]
Aeolus Tyre reports that the China Securities Regulatory Commission has contacted the company over potential disclosure violations. In a Chinese-language statement, the tyre maker confirms that the Henan branch of the CSRC has looked into a number of issues. Aeolus writes that it will cooperate with the CSRC and undertake corrective actions within 30 days of receiving a report outlining remedial action.
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