USA Archives - Page 118 of 268 - Tyrepress

Across the Atlantic they are called tires, while over here we use a “Y” and say tyres. This tag provides the latest tyre business news emanating from the United States of America (USA), whichever way you spell it.

Posts

Autopromotec Show Targets “UK Aftermarket Decision Makers”

Show organiser Promotec is calling for UK manufacturers, distributors, motor factors, repair specialists and bodyshops to “seek new buying and supply partnerships” at its international exhibition of automotive equipment and aftermarket products Autopromotec. The organiser expects an increased number of exhibitors to attend the 2011 show on 25–29 May, at the Bologna Trade Fair Centre, Italy. Autopromotec 2009 attracted a record 1,443 exhibiting companies from 47 countries and 101,620 visitors from all over the world. The UK looks likely to be the fourth largest overseas exhibitor, behind the USA, Germany and China. A new section of the show dedicated to heavy duty parts and equipment is also designed to attract specialists from this market for the first time, the organiser states.

14th October 2010/by Tyrepress Editors

ATD Plans Massive Expansion in Northeast US

After opening new distribution centers in Ohio and Indiana – new markets for its vast operations – American Tire Distributors is now eying expansion into New York, New Jersey, eastern Pennsylvania and the entire New England area, reports Tire Review.

13th October 2010/by Tyrepress Editors

Toyo to Increase US Prices

In response to rising raw material costs, Toyo Tire USA is increasing prices for its passenger car, light truck and truck tyres by up to six per cent, with in line adjustments.

13th October 2010/by Tyrepress Editors

Bridgestone On Track With Indian CV Radial Rollout

Radialisation is taking root in India’s commercial vehicle tyre market, and Bridgestone is taking steps to secure its share of this potentially huge market. At a the opening of a Bridgestone Fleet Point outlet in Chennai on October 11, the managing director of Bridgestone India confirmed the tyre maker was on target to begin truck and bus radial production next May. Initial TBR manufacture will take place at Bridgestone’s Kheda plant in Madhya Pradesh state, where truck radial capacity is being added through a US$36.7 million investment. Daily production will start at 200 units and almost double within a year.

12th October 2010/by Tyrepress Editors

HiQ Fundraising Efforts to Pick Up Speed at Brands Hatch

The HiQ fast fit network has enlisted the help of two of the quickest young drivers in Britain as it hits the fast lane with its fundraising efforts for Breast Cancer Care. British Touring Car Championship drivers Paul O'Neill and Tom Chilton are backing HiQ's pledge to turn Brands Hatch pink during the final round of BTCC action on October 10, and those coming along to watch the day’s events are encouraged to dress accordingly. To help things along, HiQ, sponsor of the Team's Championship, will be giving away official pink caps in return for a donation for the cause, while T-Shirts will also be up for grabs. Meanwhile, face painting and a series of other activities will be made available for fans.

7th October 2010/by Tyrepress Editors

Techking Gains ISO9001 Certification

Techking reports that the company passed a DNV (DET NORSKE VERITAS) audit for ISO9001 certificate in July 2010, after a 6 month examination and auditing procedure. "The pass of the ISO program at Techking is a credit to the dedicated employees who strive to meet customer needs through providing innovative solutions. All the efforts like this can make us outstanding from the competition," said Rongsheng Sheng, president of Techking.

6th October 2010/by Tyrepress Editors

Michelin Bags Another US Military Award

For a third consecutive year Michelin Americas Truck Tires has been chosen by the Defense Logistics Agency’s (DLA) Land & Maritime supply centre as recipient of its Best Value Award. The US Department of Defense’s largest logistics combat support agency selected again Michelin for this honour on the merits of its performance in supplying tyres to every branch of the US military.

6th October 2010/by Tyrepress Editors

Axeon, Ricardo Combine Efforts on ‘Headline Grabbing’ Project

An unnamed European vehicle manufacturer is said to have sought the expertise of UK-based lithium-ion energy systems supplier, Axeon, and automotive technology, innovation and systems integration provider, Ricardo, to supply and integrate an advanced, lightweight battery pack for a pioneering plug-in hybrid vehicle, which both companies say “is guaranteed to grab worldwide headlines” when it is launched.

5th October 2010/by Tyrepress Editors

Kumho Raises US Prices

Kumho Tire USA said it will increase pricing on all products in the US by up to 6.5 per cent. The increase, effective November 1, will include in-line adjustments. Kumho joins Hankook, Goodyear, Pirelli and Cooper, which have recently announced price hikes.

5th October 2010/by Tyrepress Editors

Titan Announces Final Results of Tender Offer

Titan International reports that at the expiration time for its eight per cent senior unsecured notes offer on October 1, 99.2 per cent of the outstanding principal amount had been validly tendered – a sum totalling US$138,884,000. The company accepted and paid for $138,874,000 aggregate principal amount of its senior notes, as per a previously announced early settlement election, and subsequently accepted for purchase and paid for an additional $10,000 principal amount of senior notes that were tendered on or prior to the expiration time.

5th October 2010/by Tyrepress Editors

Bulmer to Retire from UK Michelin Guide Editorship

Those who lazily assume all fine British food johnnies are male will be in for a rude shock upon hearing Michelin UK has appointed its first ever female editor for the Great Britain and Ireland, London, and Eating out in Pubs guides. The UK publication Caterer reports that as of October 1 Rebecca Burr will take over the role from Derek Bulmer, who is retiring after 33 years’ association with the guide.

30th September 2010/by Tyrepress Editors

Pirelli Raising US Car and Light Truck Tyre Prices

Prices for all Pirelli passenger car and light truck tyres sold in the United States will rise as of December 1, 2010. Increases of up to seven per cent will apply. Pirelli says the higher prices are being implemented due to increasing raw material costs.

30th September 2010/by Tyrepress Editors

Charlie Shears Seals Cooper Tires Prototype Lites Championship

With a victory and a third place finish in Rounds 12 and 13 of the Cooper Tires Prototype Lites Championship at Mosport, Canada, Charlie Shears clinched both the Lites1 class overall championship and the Masters Class Championship with a race weekend to spare. The American tyre manufacturer-backed Championship features racing between two sports racer prototype classes, Lites 1 and Lites 2, presenting a dimension of competition as drivers must be aware of classes with distinctly different speeds, a similar challenge to that faced by the drivers of the American Le Mans Series presented by Tequila Patrón.

28th September 2010/by Tyrepress Editors

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

Conti Issuing Additional Eurobonds

After a positive response to its two previously placed bonds, Continental AG has announced plans to issue further Eurobonds with benchmark volume. The company has again mandated a bank consortium led by Citi and The Royal Bank of Scotland to place two tranches of euro-denominated bonds with qualified German and international investors. A maximum issue volume of 1.25 billion euros and two tranches with maturities in 2016 and 2018 are planned. Upon announcing the upcoming bonds on September 27, Continental said the issue volume and the conditions are expected to be finalized in the “next few days”.

28th September 2010/by Tyrepress Editors