Wheel Archives - Page 73 of 80 - Tyrepress

Posts

BBS better than the industry average

With the forecast of a turnover of 190 million Euro in 2003, wheel producer BBS (Germany) will significantly improve on its 2002 results (175 m). For the first nine months of this business year the company has announced an increase in turnover of 9.1 per cent and so was better than the industry average. The gain comes from OE business with an increase of 14 per cent, whereas aftermarket and income from motorsports and licensing was below the 2002 figure. The share of foreign business has fallen to 49.2 per cent. BBS expects to make a small profit in 2003.

3rd December 2003/by Tyrepress Editors

Fintrade pulls out of wheel manufacture

Alloy wheel manufacturer Fintrade has taken the decision to run down and cease production of its own make alloy wheels. The company says that it cannot compete with products from emerging markets and that the closure of the factory was the only route open to avoid financial ruin. The company has announced an orderly run down of production and will be liquidating the assets of the business to service debts in order of preference. It is expected that there should be no shortfall at this point in the proceedings.

2nd December 2003/by Tyrepress Editors

Hayes Lemmerz in agreement with Hendrickson

Hayes Lemmerz International has announced that its Commercial Highway & Aftermarket Group has a long term agreement with Hendrickson Trailer Suspension Systems. This agreement covers the supply of Ductile Iron hubs and CentruCast brake drums for HN and HP trailer applications as well as product development of future wheel-end components for the On Highway Transportation Industry. Additionally, Hayes Lemmerz will continue to expand supply of Genuine CentriFuse Brake Drums and Centrulite Hubs to Hendrickson Trailer Suspension Systems for lightweight applications.

20th November 2003/by Tyrepress Editors

Be A Sport

The variety of motorsports is terrific; from the single seater Formula 1 and Formula 3 cars to events such as touring cars and rallying, where the cars – and tyres – at least look like the ones that we see on the roads. Then there is the two- (and three- if you count sidecar racing) wheel motorsports sector. Many tyre manufacturers are active in at least of these sectors, while some supply tyres across the motorsports spectrum. Their motive is usually publicity and brand exposure, although there may be technical spin-offs or commercial advantages through being allied with a winning team. Whatever the reasons, many tyre manufacturers are heavily involved in motorsports. We take a look at who, and why.

17th November 2003/by Tyrepress Editors

New Firestone race tyre

Firestone tyres have a long-standing association with the Indianapolis Motor Speedway (IMS) and the tyre company has produced a special edition Firestone Firehawk tyre which will be introduced next May, in the period surrounding the 88th running of the Indianapolis 500. Firestone is the official tyre of this race and the Indy Racing League. The new tyre sidewall will feature the IMS distinctive “wing and wheel” logo in full colour, alongside the Firestone name and logo.

5th November 2003/by Tyrepress Editors

Titan Europe seeks London listing

Earthmover and agricultural tyre and wheel specialist Titan Europe is to be listed on the AIM market in London, creating a separate public company from owner Titan International. The value of Titan Europe will be 30 million Pounds Sterling (US$50 million) and Titan International will remain the largest stockholder.

4th November 2003/by Tyrepress Editors

Hayes Lemmerz factory re-opens

The Hayes Lemmerz wheel factory at Huntington, Indiana, which was closed after an explosion on October 29th, has re-opened. Three workers were injured – one fatally – in the accident, the cause of which is still being investigated.

4th November 2003/by Tyrepress Editors

Explosion closes Hayes Lemmerz factory

The Hayes Lemmerz cast aluminium wheel factory at Huntington, Indiana, has been temporarily closed after an explosion, the cause of which is not yet known. Staff were evacuated from the plant, but there were three injuries, including one fatality.

31st October 2003/by Tyrepress Editors

Michelin 3Q results; numbers rise, revenue falls

Michelin’s third quarter results show that turnover was down 1.7 per cent on 3Q 2002 to 3.8 billion Euro, but volumes were up slightly for both OE and replacement markets. Speaking of prospects for the year as a whole, Michelin expects to achieve an operating margin slightly below the 7.8 per cent of last year. Raw material costs have risen by 300 million Euro this year and second half figures will be affected by the consolidation of the loss-making Viborg retail chain and a PSA wheel recall.

23rd October 2003/by Tyrepress Editors

Continental buys wheel sensor business

Continental has bought a wheel sensor business with operations in Japan and China. Continental and its Japanese partner Nisshinbo Industries bought Nagano Japan Radio Co.’s wheel sensor unit as well as its Chinese subsidiary. Nagano Japan Radio Co. produces sensors used in anti-lock braking systems, with much of its production at its Chinese plant. The unit employs around 1,350 people and had sales of around 65 million US Dollars in 2002.

15th October 2003/by Tyrepress Editors

Alcoa Recognized as Visionary

The Alcoa Wheel and Forged Products team that developed Dura-Bright(R) surface treatment was honored earlier this month with the 2003 Visionary Award. Presented at the Innovation in Business Conference in Cleveland, by Ohio-based business magazine Smart Business Network and Anthem Blue Cross and Blue Shield of Ohio, the Visionary Award was created five years ago to recognize Northeast Ohio businesses and arts for innovative ideas and applications.

6th October 2003/by Tyrepress Editors

Borbet in South Africa

Murray & Roberts has sold 50% of the business of AWI South Africa to Borbet GmbH of Germany, with effect from 1 July 2003 and subject to approval by the competition authorities.

11th September 2003/by Tyrepress Editors

The Intelligent Tyre Takes A Bow

Also on show at Frankfurt is the second generation of tyre pressure control systems, developed by Siemens VDO Automotive and Goodyear. This is permanently embedded in the tyre and, as well as transmitting information about pressure, it records information on tyre wear and mileage. Because it is part of the tyre, there is no transfer of sensor needed if the tyre is moved from one wheel to another.

10th September 2003/by Tyrepress Editors

Wheels

One of the few parts of the car to be regarded as a fashion accessory, the numbers and types of wheel design is constantly growing and changing. We take a look at what is on offer in the way of latest styles for the fashion-conscious motorist.

4th September 2003/by Tyrepress Editors

Alcoa Wheel Wins Award

In the USA, RoadStar magazine – which has a monthly circulation among owner operators and company drivers of 160,000 – named the Alcoa Wheel’s Dura-Bright(r) wheel finish as its Most Valuable Product Award for 2002. Dura-Bright(r) is a patented treatment that penetrates the aluminium, allowing wheels to be cleaned merely by spraying with soap and water.

27th August 2003/by Tyrepress Editors