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Pirelli Chairman Says Sale Proceeds to Go Back Into ‘Core Businesses’

(Akron/Tire Review) After months of wrangling and speculation, Pirelli SpA finally sold off its stake in struggling Telecom Italia SpA, vowing to reinvest part of the proceeds into its “core businesses.” In the deal announced Saturday, Pirelli and Benetton units Sintonia SA and Sintonia SpA are selling holding company Olimpia SpA, which owns an 18% share of Telecom Italia, to a group of investors headed by Spain’s Telefonica SA.

4th May 2007/by Tyrepress Editors

Dunlop GP Racer Wins Magazine Tyre Test

Dunlop, fresh from victory in the opening two rounds of the 2007 British Superbike Championship, scored another win in an independent test of superbike tyres. The test was conducted by leading UK monthly magazine ‘Superbike’, who tested the leading fast-road and track day tyres on the market. All the tyres tested were road-legal but aimed at the fast-growing track day market, where owners take road bikes onto race tracks where they can exploit the full-potential of their bikes.

‘Superbike’ tested eight different tyre brands at the demanding Albacete circuit in Spain. The magazine mixed subjective feedback with measured lap times, using three expert riders and a Suzuki GSX-R1000 superbike. The Dunlop GP Racer was declared equal first in the test, and also secured the fastest average lap time of the eight contenders. Superbike’s Jon Pearson declared the Dunlop-shod bike to “feel planted at full lean, especially on the faster, longer corners.”

16th April 2007/by Tyrepress Editors

Pirelli Moves to Replace Telecom Italia Chairman

While Pirelli’s tyremaking business continues from success to success the controversy surrounding the company’s ill-fated involvement in Telecom Italia continues. The company’s dissatisfaction with various aspects of Telecom Italia’s strategy were made manifest on April 4 when Olimpia, the company jointly set up by Pirelli and the Benetton family to control Telecom Italia, excluded the communication group’s chairman Guido Rossi from a list of proposed new board members. However this move, tantamount to sacking Rossi, was immediately contested by two other prominent Telecom Italia shareholders on the grounds that the decision violated consultation agreements.

Rossi, a well-known corporate lawyer, has acted in the capacity of chairman since last September, taking on the role following the resignation of Marco Tronchetti after he publicly clashed with Italian prime minister Romano Prodi, a close associate of Rossi. However the boot is now on the other foot, with Tronchetti, as chairman of the Pirelli group, striving to oust his successor at Telecom Italia.

5th April 2007/by Tyrepress Editors

CTO Investigates Tyres

Botwana’s Central Transport Organisation (CTO) is investigating suggestions that some governmental departments bought retreads from Spain thinking they were new tyres. The CTO says it has information to confirm that the tyres in question are not retreads.

However, Botswana’s national press agency (BOPA) has released a confusing report on the subject. “The word retread was used to conform to the European Environmental Standards meaning that the tyre is recyclable,” CTO general manager, Lt. Colonel Moakofhi Modisanyane is quoted as saying in response to a BOPA enquiry.

16th March 2007/by Tyrepress Editors

Love and Lottery Tickets

The British, it seems, have two passions: romance and gambling. A survey commissioned by the German tyremaker Fulda shows that 66 per cent of British people claim that they would take their partner out for a romantic dinner if they were given an extra £50 to spend a year, while 11 per cent said they would spend the extra money on lottery tickets.

12th March 2007/by Tyrepress Editors

Auto Parts Maker Announces Closure

The bankrupt US automotive parts manufacturer Delphi Corp. announced on February 22 that it plans to close its Puerto Real factory in Cadiz, southern Spain. A union representing employees at the plant has stated that as many as 1,650 workers will be affected by this closure.

28th February 2007/by Tyrepress Editors

Lodge Coaches First to Fit Michelin X Coach XD

Chelmsford-based Lodge Coaches has become the first operator in the UK to fit Michelin’s new X Coach tyres to a vehicle in its fleet. The X Coach 295/80 R22.5 X Coach XD tyres incorporate elements of Michelin Durable Technologies – the name given to three new patented technologies which have allowed Michelin to develop a self-regenerating tread pattern and to make advances in tyre architecture.

21st February 2007/by Tyrepress Editors

And Finally….Italy’s Homeless Have Their Own ‘Michelin Guide’

(Akron/Tire Review – Reuters) It looks like a guidebook, with its glossy pages, fold-out maps, and tips on where to eat and sleep in Rome. The only difference is that its readers are homeless. The new edition of what its authors have dubbed a “Michelin Guide for the Poor” was presented on Jan. 10 as promoters warned that the ranks of the have-nots in Italy’s capital were growing.

12th January 2007/by Tyrepress Editors

2007 No Easier for Bridgestone Teams – Trulli

Toyota Formula One driver Jarno Trulli believes that Bridgestone’s existing tyre partners will not have an advantage over their competitors in 2007. The sport’s leading teams, including McLaren and Renault, have been compelled to switch to the Japanese supplier following Michelin’s F1 departure at the end of the 2006 season, but 32-year-old Trulli insists that the new 2007 ‘control’ tyre is a vastly different animal to Bridgestone’s 2006 equivalent.

19th December 2006/by Tyrepress Editors

Thumbs Up to Bridgestone

Toyota F1 driver Ralf Schumacher, brother of retired world champion Michael, has voiced his approval of the new 2007 Bridgestone tyres after testing at Spain’s Circuit de Catalunya.

Following Michelin’s withdrawal from Formula One all drivers will compete on Bridgestone tyres as of next year, and despite concerns raised by other drivers Schumacher stated that he was pleased with the tyres.

7th December 2006/by Tyrepress Editors

The Prost Legend, Take Two

Between 1985 and 1993, legendary French driver Alain Prost won four Formula One World Championships, (all of them using Goodyear tyres). Thirteen years later, the Prost name tops an international podium again with Alain’s son, Nicolas Prost, winning the Formula Three event at Montmelo, Spain last weekend, the penultimate round of the Spanish F3 Championship. Prost used Birmingham-built Dunlop tyres to carry him to this landmark first win.

20th November 2006/by Tyrepress Editors

Bridgestone Opens European Logistics Centre in Zeebrugge

With the completion of expansion work at the Zeebrugge warehouse, Bridgestone has opened its new 87,500 square metre European Logistics Centre (ELC North). The 9 November inauguration was conducted by Mr Takashi Urano, chairman, CEO and president of Bridgestone Europe, Mr Yves Kerstens, vice president logistics and supply chain management, Bridgestone Europe and Mr Joachim Coens, chairman – managing director, Zeebrugge Port Authority.

15th November 2006/by Tyrepress Editors

Bridgestone Finalises F1 Contracts

Bridgestone Motorsport has finalised contracts for the provision of Bridgestone Potenza Formula One tyres with the Renault F1 Team, Team McLaren Mercedes, Honda Racing F1 Team, BMW Sauber F1 Team, Red Bull Racing and Scuderia Toro Rosso. The six new teams are expected to run on Bridgestone F1 tyres for the first time at the Barcelona winter test in Spain, provisionally scheduled for 28-30 November, 2006.

After six years of competitive tyre supply, the FIA Formula One World Championship is about to enter a new era with Bridgestone as the sole supplier of F1 tyres from 2007 to 2010. The new teams will be joining Bridgestone’s current stable of five teams: Scuderia Ferrari Marlboro, Panasonic Toyota Racing, WilliamsF1 Team, Spyker MF1 Team and Super Aguri F1 Team.

13th November 2006/by Tyrepress Editors

Exports of Rosehill’s Sporting Granules to Top £1 million

Export orders worth more than £1 million for a new range of vulcanised rubber granules specifically developed for sports surfaces and playgrounds have been announced by Rosehill Polymers of Sowerby Bridge, West Yorkshire. The US, Scandinavia and Spain are said to be booming markets for Rosehill’s TPV Inplay and TPV Infill products where sports clubs, schools and local authorities are using them to construct synthetic sporting surfaces and recreational playgrounds.

10th November 2006/by Tyrepress Editors

Pirelli-shod Iveco Triumphs in Pharaoh’s Rally

Exactly a year after their victory in the Pharaoh’s Rally with a Team Overlock Mercedes-Benz Unimog U500, Pirelli’s PS22 standard truck tyres have repeated their performance with another win in the Egyptian marathon. Fitted to an Iveco Eurotrakker driven by specialist Giacomo Vismara, the normal production Pirelli PS22s, are mounted on Italian vehicles in size 14.00 R20.

13th October 2006/by Tyrepress Editors