Pirelli Granted New Line of Credit
(Clacton, U.K./Tyres & Accessories) Pirelli Tyre SpA, Europe’s third-biggest tyremaker, has arranged a line of credit worth 500 million euros (≤337 million) in an attempt to improve the company’s financial structure and boost flexibility.
When the Rubber Hits the Rubber
(Clacton, U.K./Tyres & Accessories) Old tyres that once drove along city streets are now on the receiving end of a different kind of traffic.
Rolling Strong: Commercial Tire Market Will See OE Slowdown, Replacement Rebound
As the old saying goes, “Things will get worse before they get better.” That’s the operative statement for the North American commercial tire industry in 2007. In a proverbial nutshell, the OE forecast for 2007 looks down, while the replacement market will rebound from 2006. The main impetus behind that forecast rests in Washington, D.C.
I’ve Got Mail: The Joys of the Internets…or How I Got Rich, Thin, Medicated and Sexy
I won the Australian Lotto. Probably 25 times in the past month, I’ll betcha. And, I’m already wealthy beyond compare, thanks to my winnings from the Spanish National Lottery, the European Lottery and my new best friend, the ex-prince of Nigeria. All I need to do is click my mouse and collect my boodle. How
Full Steam Ahead: Amtel-Vredestein Executive Charts Course For Core Vredestein Brand
Robert H. Oudshoorn has been CEO of Vredestein Banden BV since 1994. Prior to that, he was director of commercial operations at a Michelin-Okamoto joint venture in Tokyo and also worked as representative director for Groupe Michelin in South Africa. In April 2005, Russian tiremaker Amtel Holdings officially completed its $245 million cash purchase of
Survival Mode: Significant Changes in Retreading Forcing Independents to Adapt
They expected it to happen eventually. It was just a matter of time, industry insiders said. So, it wasn’t a total surprise when Bridgestone Americas Holding (BAH) announced its intent to purchase retread giant Bandag. After all, BAH and Bandag have collaborated for decades. Bandag-owned Tire Distribution Systems (TDS) stores sell Bridgestone tires, and many
Hot Off the Lot: As 2007 Models Roll In, Keep an Eye on Aftermarket Opportunities
After all my years of writing this column, I would have hoped by now that the people who design and build new vehicles would appreciate the insight into the aftermarket that Tire Review offers each month. That being said, I have gathered information on several new vehicles and will offer a few tips on wheel,
5 ‘Little’ Ways Dealers Can Help Fleets
Sometimes, it’s the little things that make a good program better, even great. However, some little things can haunt fleets unexpectedly, creating disabling problems that can be elusive to diagnose and difficult to correct. We tire people tend to focus on the big issues – proper tire selection, application, and maintenance, with inflation pressure checks
Automotive, Tire Editor Stuart Marshall Dies
(Akron/Tire Review – The Guardian) Stuart Marshall, one of the best informed and farsighted motoring correspondents of his generation, has died at age 82.
Conti Chief Sees N.A. Market Rebound
(Akron/Tire Review) Continental AG chief Manfred Wennemer expects the North American tire industry to pick up this year, even though the industry still faces unstable and rising raw material costs.
Terry’s Tire Town Adds Warehouse Management System
(Akron/Tire Review) Alliance, Ohio-based Terry’s Tire Town is installing a new warehouse management system at its Baltimore distribution center.
Aftermarket Foundation Set To Provide More Than $250,000 in 2007
(Akron/Tire Review) The Aftermarket Foundation, which is dedicated to helping those in need who are part of the automotive aftermarket industry, has set a goal to provide more than $250,000 in 2007 to individuals and families in need.