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Pontiac GTO Tyre Defect Claim Rejected

The National Highway Traffic Safety Administration (NHTSA) has ended an investigation into allegations of a safety defect on the Pontiac GTO, built by Holden. The alleged fault involved the clearance between the front tyres and the suspension components. NHTSA said it could not find a safety defect and was closing its investigation. However, according to a report in the Sydney Morning Herald, the investigator said it appeared there was a problem with the suspension settings on many cars.

Despite the US government closing the issue, General Motors still faces a class-action suit filed in California on behalf of owners of 2004 and 2005 model year GTOs, which the suit contends are prone to tyre failure due to the alleged suspension problem. The company denies any defect.

17th September 2007/by Tyrepress Editors

Continental Industrial Dominate Tensioning Wheel Market Share

Continental continues its market leading OE position with a different type of vehicle. The latest success story for the Continental Industrial Tyres team is the skiers’ best friend, Kaessbohrers ski-slope preparation vehicle.

Continental’s CSE tyres will spring into action at the start of the skiing season preparing the slopes removing bumps and ruts at popular ski resorts across Europe. For many years, Continental Industrial Tyres have supplied the tensioning wheels and tyres for this application. The most recent win was negotiated between Kaessbohrer, the ski slope vehicle manufacturer, Continental and their rim supplier Lemmerz. Continental has now boosted its tensioning wheel market share from 60 per cent to 100 per cent.

14th September 2007/by Tyrepress Editors

Alcoa to Supply Techart With Forged Dura-Bright Wheel

Alcoa Wheel Products has signed a contract to supply TechArt Automobildesign with forged wheels treated with Alcoa’s Dura-Bright Technology; an industry-leading surface treatment. These forged wheels will be supplied for the TechArt Cayman, Boxster, 911 Carrera and 911 GT Street. All wheels also fit the Porsche series cars too. In addition to keeping wheel shiny, Alcoa reports that Dura-Bright eliminates corrosion resulting from scratches – both common complaints from the consumer.

TechArt, a major tuner of Porsche cars, asked Alcoa Wheels to provide them with the highest technology wheels available today. Additionally, they wanted highly stylized and light weight wheels that would help further improve the very high performance of their cars. Alcoa met all expectations with a series of Dura-Bright forged wheels which will be launched at the 2007 IAA Frankfurt Auto Show.

14th September 2007/by Tyrepress Editors

Alcoa Exclusively Selected for Lamborghini Murcielago Reventon

Alcoa Wheel Products has announced an exclusive supply agreement to provide all wheels for the new highly exotic Lamborghini Murcielago Reventòn. Lamborghini looked to Alcoa Wheels to provide speciality wheels with quick to market processes for this truly exotic vehicle. According to the wheel manufacturer, Lamborghini required Alcoa’s flexibility and manufacturing expertise to develop a unique wheel to compliment the unique appearance and performance of the ultra-exclusive Murcielago Reventòn.

Alcoa will supply directional-specific 18”x8.5” front and 18”x13” rear wheels, each forged from a single block of 6061-T6 aluminum. Each wheel is engraved with “Alcoa Forged”. It is rare to have such engravings in the wheel which highlights Lamborghini’s desire to offer their customers something new. All wheels are finished in Lamborghini Bright Black paint and fitted with carbon fibre “winglets” adding to the design of the wheel and complementing the overall appearance of the vehicle.

13th September 2007/by Tyrepress Editors

The All-New Botticelli Wheel from OZ

OZ has used its unrivalled knowledge of the track to produce another alloy, which it hopes will be a winner. Engineers have spent years combating the physical effects of a wheel turning on an axis. The so-called gyroscopic effect of “unsprung weight” can impact on steering, acceleration, handling and braking. So technicians have honed the Botticelli to improve driving dynamics, finish and durability.

Three-piece modular wheel technology allows for extreme sizes and a high degree of lip depth on the inner and outer rims. The forged flange offers superior mechanics, lightweight and versatility of form otherwise impossible to achieve in wheels sized 19, 20 and 22 inches.

12th September 2007/by Tyrepress Editors

Hennessy Unveils New Coats 1250-3DV Balancer

(Akron/Tire Review) Hennessy Industries has introduced the Coats 1250-3DV wheel balancer, which it says will help shops increase profits by streamlining operations and providing self-training capabilities. “Today’s new vehicles have larger wheels and special applications that are difficult to service with older balancers,” said Don Vanderheyden, Hennessy’s group marketing manager. “In addition, the increased use of hidden tape-weight balancing demands newer technology and custom balancing techniques. The 1250-3DV was designed to help address those issues.”

11th September 2007/by Tyrepress Editors

Titan International Announces Third Quarter Cash Dividend

The Board of Directors of Titan International, Inc. has approved a quarterly cash dividend of $.005 (one half cent) per common share for the third quarter of 2007. The cash dividend is payable October 15, 2007, to stockholders of record on September 28, 2007. Titan International, Inc., a holding company, owns subsidiaries that supply wheels, tyres and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.

11th September 2007/by Tyrepress Editors

Dueler H/P Sport On New Mazda CX-7

The Mazda CX-7, available in the UK from this month, boasts the Bridgestone Dueler H/P Sport tyre as original equipment. The Dueler H/P Sport is Bridgestone’s first SUV tyre derived from Formula One technology and was designed to bring driving agility and comfort to the increasing number of powerful SUVs on the roads today. According to the company, it gives drivers the best of both worlds by offering excellent wet and dry handling, sharp steering precision and an aggressive edge design that gives the tyre a sporty look while ensuring a comfortable ride with low noise levels.

The Mazda CX-7 is heavily orientated towards a sports car in its styling and driving dynamics, but retains the commanding road presence of a sports utility vehicle. There is ample space for five occupants to travel in comfort, with sports utility-style rear-seat functionality and generous boot space – making it ultra-practical.

10th September 2007/by Tyrepress Editors

BendPak/Ranger Introduces New Truck Tyre Changer

Ranger Products has given the new R2600HD its US launch. The super-duty truck tyre changer is designed for servicing truck, bus and other commercial and OTR tyres and wheels. The addition of the R2600HD greatly extends Ranger’s market presence from general tyre repair to larger, more specialized commercial truck garages and service outlets.

Features include an electric-hydraulic drive system, multi-directional, self-centring hydraulic clamp chuck, quick positioning mount/demount arm, hydraulic sled and a single piece frame for superior rigidity. Hydraulically operated spreader-type jaws ensure secure clamping of virtually all rims and off-road style wheels.

7th September 2007/by Tyrepress Editors

Net Sales, Net Loss Up for Hayes Lemmerz in Q2

Hayes Lemmerz reported on September 6 that its sales for the fiscal second quarter ended July 31, 2007 were US$570.3 million, up 19 per cent from $480.8 million in the corresponding quarter of 2006. The sales increase came from strong international steel and aluminium wheel sales, metals cost recovery and favourable currency fluctuations, the company said.

For the fiscal second quarter, the company reported adjusted EBITDA of $48.5 million, up $6.6 million from $41.9 million a year earlier, and a loss from operations of $4.8 million, compared with year earlier earnings from operations of $7.4 million. “We continue our strategy of restructuring our business, executing our operating plan, and extending the lead in our global wheel business,” said Curtis J. Clawson, president, CEO and chairman of the board.

As part of the company’s ongoing restructuring efforts, Hayes Lemmerz reached “important milestones” in the second quarter that it believes significantly improve its long-term outlook, while imposing one-time transaction costs. “We greatly strengthened our balance sheet by raising $193.1 million through an equity rights offering and a direct equity investment, and paying down $130.8 million of long term debt,” said Clawson. The balance sheet restructuring, which included the rights offering, new senior credit facilities totalling approximately $495 million, and 130 million euros of 8.25 per cent senior unsecured notes issued by a European subsidiary, “improved our liquidity by $80 million, will generate interest cost savings of approximately $24 million annually, and extends all significant debt maturities until 2013 or later.”

7th September 2007/by Tyrepress Editors

Tiger Auto Mauls a 19 Per Cent Headline Earnings Increase

Tiger Automotive has thrived since its unbundling from Tiger wheels last December, and the company’s latest financial bear testimony to the wheel and tyre distributor’s good health. Tiger Automotive reports that in its first full year as a company listed with South Africa’s JSE stock exchange in its own right, it has achieved a 19 per cent increase in headline earnings, to Rs 1.242 (£0.085) a share. Revenue has risen 17.3 per cent to Rs 1.1 billion (£75.3 million). The company reports that these results counter the typical pattern of lower earnings in the second half. At the half-year stage, headline earnings were 15.2 per cent up at Rs 0.61 (£0.042), and the forecast was for a slight increase in full-year earnings.

“This pleasing rise in earnings was achieved because we were able to rectify – although not completely – problems that impacted on the first half,” said group managing director Keith Rivers.

Pre-tax profit (for the year to 30 June) increased 15.5 per cent to Rs 101.3-million (£6.9 million), while attributable profit was up by almost Rs 10 million to Rs 73.7 million (£5.04 million). In lieu of an annual dividend, the company is making a capital distribution of Rs 0.49 (£0.03) a share.

7th September 2007/by Tyrepress Editors

Extra Light Wheel From Carlsson

Career Tracks, Product News

Carlsson wheels have always had a good reputation in the Mercedes tuning sector and the company’s latest product – the 1/11 Evo Brilliant Edition (BE) looks set to enhance this even further. Based on the successful 1/11 BE wheel, the new 22″ wheel has been developed for use on Mercedes ML, R and G class vehicles.

As well as visual impact, the 1/11 Evo BE offers greater ride comfort and considerable weight saving, says Carlsson. The distribution of the 11 spokes means that the forces acting on the wheel are transferred to the centre of the wheel, thus making thick walls unnecessary and saving weight. Grooves in the spokes save even more weight, with the result that the 1/11 Evo BE weighs 20.3 kg – over 3 kg lighter than comparable, one-piece cast aluminium wheels, with no reduction in strength.

30th August 2007/by Tyrepress Editors

Twenty-One and Still Growing

In 2006 Summit celebrated 20 years in business at Coventry. And after two decades the company is continuing to expand, with 2007 marking the opening of another depot in East Anglia. This new facility is expected to further improve the level of service Summit provides customers in the region.

Summit was founded in 1986 by Peter Summers, a man who had already spent the majority of his career in the tyre industry. Seeking a location at the heart of the country, Summers selected Coventry as the site for his new firm. The business specialised in industrial tyres and wheels to the fork truck and skid steer replacement and original equipment markets. Operating in a niche market, Summit quickly established itself as a leader in its field for product and advice in this specialist area. Furthermore, Summit ensured that it held stock of products that other wholesalers and distributors didn’t, thus building a reputation that is still enjoyed today – if the tyre or application is unusual, the likelihood is that Summit has got it.

30th August 2007/by Tyrepress Editors

Toyo Tires – Stay in Charge, Whatever the Weather

Whether it’s the wrong kind of leaves on the line, frozen pipes or frosted locks, traditionally us Brits have never prepared well for winter… and it shows. As the sage advice goes, there’s no such thing as bad weather, just the wrong clothing. And whilst no sane person would brave the winter months in their summer shoes, we somehow expect our cars to.

The safety-conscious Scandinavians have it sussed. With many countries enforcing fitment of winter tyres in appropriate months, the accident figures, or rather lack of them, speak for themselves. We’ve all seen cars beached by the roadside or sliding helplessly along a poorly cleared road. Often with inevitable and expensive results. Whilst a decent set of winter tyres may tax the pocket a little, it’s small beer compared to a lost day’s work, your insurance excess – and resulting premium hike – or worse! Many fatal accidents occurring in winter could have been wholly avoidable had the vehicle in question had the right tyres fitted. Putting a price on safety really is the worst kind of false economy.

28th August 2007/by Tyrepress Editors

Several Companies Show Interest in Ailing ATS Plant

A number of companies have cast a hungry eye upon the factory owned by ATS Light Alloy Wheels South Africa a month after the company was placed in provisional liquidation. One of the joint liquidators, Alan Pellow, said that about six companies had already inspected the plant and “some people in the US want to have a look.”

The liquidators say they are striving to find a buyer who we take on the factory as a going concern, however this happy outcome is by no means certain. “We are waiting for the final valuations for the plant and will then probably send out an information pack worldwide and see what we can bring in,” Pellow added.

ATS Light Alloy Wheels South Africa is a wholly owned subsidiary of Tiger Wheels’ 74 per cent owned German unit ATS Beteiligungs. In addition to the South African facility, ATS also operates alloy wheel manufacturing plants in Germany, Poland and the US. Directors and senior management at the South African plant applied for liquidation of the company due to ongoing cash flow problems, and the decision as to if or when liquidation is finalised is dependent on a high court decision.

28th August 2007/by Tyrepress Editors