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1.25 Billion Conti Eurobond Placed

It’s a done deal – earlier this morning tyrepress.com reported Continental’s intention of placing a third euro-denominated bond. The German company has now reported the successful placement of this third bond, as issue with an aggregate principal amount of 1.25 billion euros. The issue consists of two tranches of 625 million euros each, which respectively mature in 2016 and 2018. As per the company’s previous statement, the bonds will be issued by Conti-Gummi Finance B.V. and guaranteed by Continental AG and certain of its subsidiaries. The coupon is 6.5 per cent per year for the tranche maturing in 2016 and 7.125 per cent per year for the tranche maturing in 2018. Interest will be payable semi-annually in arrears.

28th September 2010/by Tyrepress Editors

Brityrex 2010 Showguide Now Available Online

With just about a week to go before the UK’s only dedicated tyre exhibition, Brityrex 2010, kicks off media sponsors Tyres & Accessories are proud to publish an online preview version of the of the official show guide. Freely available at tyrepress.com/brityrex.php the comprehensive catalogue contains stand numbers for all those exhibiting, numerous company profiles and floor plan of the exhibition hall.

27th September 2010/by Tyrepress Editors

“Sensationalised Coverage” of Auto Express Tyre Test “Grossly Unfair”: Maxxis

Following the recent tyre tests in Auto Express, Maxxis noted what the company brands a “grossly unfair” reaction in “some newspapers”, which suggested that budget tyres pose a threat to the lives of drivers and their passengers. Maxxis International’s managing director Derek McMartin released a statement to address the “sensationalist language” used to brand budget tyres “bottom of safety league”, pointing out that secondary reports had missed the complexity of Auto Express’s comprehensive testing and that the company’s MA-Z1 Drift had performed creditably in most areas despite being a road-legal speciality drifting tyre. The tyre was given a rating of 94.8 per cent of the winning Continental SportContact 3’s overall performance in the 2010 Auto Express Tyre Test.

22nd September 2010/by Tyrepress Editors

Continental 360° Fleet Services Launched in the UK

On 14 September Continental Tyres Ltd gave Conti 360° Fleet Services its official UK launch. Sharp eyed Tyres & Accessories readers will have spotted news of the European launch of this programme on tyrepress.com back in February as well as in March’s magazine. Seven months later, the UK launch revealed further details of how this will be rolled out across the UK and Europe and how the British ContiNetwork model gave the impetus for what is now know as the Conti 360° Network.

Dates first. Despite being initially announced as operational as early as February this year, the official launch of Conti 360° Fleet Services was – as we can see in mid-September, however the big UK switch-on in is scheduled for October. The Republic of Ireland will join the ranks of the programme with it own independent dealer network – a first for Continental Eire – being launched in November.

16th September 2010/by Tyrepress Editors

Has the DfT Got an MOT Screw Loose?

Editorial/Comment

MOT tests need tightening up not dumbing down, if the views of respondents to Tyres & Accessories’ August poll are anything to go by. Last month visitors to T&A’s tyrepress.com website were asked if tyre age should be inspected as part of MOT tests. A whopping 89 per cent of respondents said yes.

We asked the question following last month’s editorial on tyre age, which was triggered by the news that Gloucestershire coroner Alan Crickmore wrote to the DfT recommending more attention be paid to tyre age during MOTs (see Tyres & Accessories August 2010, page 3) and in light of the government’s suggestions that MOT intervals should be increased to two years rather than the current annual requirement. However, our poll results would seem to suggest there isn’t much support for either government moves to spread out the time between MOT tests or its reticence to include tyre age in the MOT requirements.

3rd September 2010/by Tyrepress Editors

BMW-based Saloon Becomes World’s Fastest on Michelin Rubber

As readers of tyrepress.com will know, Michelin supplies a custom set of Pilot Sport tyres to the world’s fastest production car – the Bugatti Veyron Super Sports. But now the French manufacturer has another record-setting vehicle rolling on its rubber. A BMW M5-based G-Power Hurricane RR has just set the world speed record for the fastest saloon car, at 232.5mph (372.1km/h), fitted with Michelin Pilot Sport tyres.

18th August 2010/by Tyrepress Editors

Tyrepress.com Goes Mobile

Tyres & Accessories has launched a new online service giving everyone in the tyre industry the chance to access the latest news and information wherever they are. Tyrepress.com/mobile gives readers access to our complete database of 20,000+ articles in a design that has been specially formatted for the small screen.

16th August 2010/by Tyrepress Editors

Will 2012 BMW F10 M5 Roll Out on Pirelli Rubber?

The much-anticipated BMW M5 (based on the company’s F10) is due to be unveiled at the 2011 Frankfurt International Motor Show between 15 and 25 September, but eagle-eyed bloggers at the Bimmerpost.com website have already been able to post shots of the new model with minimal camouflage as it lay unattended in a German car park. Of particular interest to tyrepress.com readers were the sedan’s 265/40 ZR19 (102Y) tyres. Their manufacturer? Pirelli (click the additional picture for a close-up). Could this be an original equipment deal in the making?

11th August 2010/by Tyrepress Editors

Italian Tyre Business Website, Newsletter Launched

As of the beginning of this week tyrepress.com has a new partner website delivering the latest tyre business news in Italian, PneusNews.it. Describing itself as “the new online magazine for information, documentation and analysis dedicated to the tyre and wheel in Italy”, PneusNews.it comes from the company internationally renowned for producing Neue Reifenzeitung and reifenpresse.de, a magazine and website dedicated to the German-speaking market, and Tyres & Accessories and your current website tyrepress.com for English-speakers across the world. All three products have market-leading e-Newsletters providing cutting-edge news updates.

10th August 2010/by Tyrepress Editors

Question of the Month: Should Tyre Age Be Inspected in the MOT Test?

August’s Question of the Month on tyrepress.com asks readers whether the recent news that a coroner has written to the DfT recommending more attention be paid to tyre age means that tyre age should be inspected as part of MOT tests. So far, the overwhelming majority seems to think it should, with only one reader suggesting tyre age should stay off the MOT agenda. To lodge your vote, see the Question of the Month box on the tyrepress.com homepage.

9th August 2010/by Tyrepress Editors

Tyrepress.com Publishes 20,000th Story

Last week tyrepress.com, the tyre and wheel business’s most popular website, published its 20,000th story since going online in 1998. Starting with only occasional reports on major news stories, tyrepress.com now publishes between 10 and 15 stories every working day – a number so substantial that the site has at the time of writing published another 100 stories since the milestone was reached earlier in July. All stories published on the website can be found under the “News” tab on the current website, where readers can browse stories by category.

26th July 2010/by Tyrepress Editors

Reifen 2010 Opens with Record Numbers Expected

Tyrepress.com is visiting European Cultural Capital 2010 Essen, Germany for this year’s Reifen trade expo, which opened on 1 June at a ceremonial event with Germany’s ex-Federal Foreign Minister, Joschka Fischer. Messe Essen, the fair’s host states that it expects 600 exhibitors from 42 countries, representing a record number of participants, showing innovations for all things black and round (as well as chassis technology, garage equipment and vulcanisation. Reifen 2010 runs until Friday, 4 June.

2nd June 2010/by Tyrepress Editors

Brazil to Overtake Germany Vehicle Sales: Financial Times Report

A Financial Times report published today suggests that Brazil could overtake Germany in terms of vehicle sales as early as this year, depending on a predicted 20 per cent decline in Europe’s leading market. Last year, Brazil was the fifth largest market for new vehicles, buoyed by its increasing wealth based on resources, the newspaper says. Quoting senior analyst at PwC Michael Gartside, John Reed writes that the light commercial vehicle market is crucial to this prediction, with Germany still larger in terms of passenger car sales.

25th May 2010/by Tyrepress Editors

Grouptyre’s Continental World Cup Promotion Entering Final Stretch

As tyrepress.com reported back in April, Grouptyre has been running a promotion alongside World Cup sponsor Continental; the wholesale group says that it has “seen a huge response” to the promotion, which boasts a first prize of a Sony 46” full HD LCD TV complete with Home Cinema system. Runners up will receive smaller Sony LCD TVs, or Continental World Cup goodie bags containing an Official World Cup replica match ball, a FIFA World Cup branded polo shirt and rucksack. Time is now tight for retailers to enter at the Grouptyre’s website, as the competition closes on 31 May.

20th May 2010/by Tyrepress Editors

Al Dobowi to Devote Space to Westlake

While tyrepress.com already reported that the Westlake brand would be represented by its Central European distributor, Diamond Tire, the Hangzhou Zhongce Rubber manufactured brand will also be in Hall 3 at Reifen 2010. The Westlake tyre portfolio is distributed by Eskay Tyres, which is part of the Dubai-based Al Dobowi Group, which promises Westlake will be a “focal” point of its stand – Hall 3, Stand 229.

7th May 2010/by Tyrepress Editors