Update: Amtel-Vredestein in Talks With Continental
(Clacton, U.K./Tyres & Accessories) Only weeks after it emerged that Continental AG was discussing a possible purchase of Slovakian tyremaker Matador Rubber, reports have surfaced that Continental’s eastward movement could now include purchasing the majority stake of Amtel-Vredestein.
USW to Striking Workers: You are Winning
(Akron/Tire Review) In its most recent Solidarity Alert newsletter to striking Goodyear workers, the United Steelworkers exclaimed: “You Are Winning This Strike!”
Mani Counters Palazhi Tyres Allegations
(Clacton, U.K./Tyres & Accessories) Kerala (India) Congress leader and former minister K. M. Mani said a state government probe into the affairs of Palazhi Tyres Ltd. politically motivated.
Shops in Crisis? The Tech Shortage: A Special Report: Part II
In our August issue, we began an in-depth look at an issue that has been described as one of the automotive aftermarket’s biggest hurdles: attracting qualified technicians and preventing an industry-wide shortage that, some insist, is inevitable. While most experts agree that a shortage does exist, it appears to be centered at the highest, most
Scania Rejects MAN Bid
(Clacton, U.K./Tyres & Accessories) Scania has rejected MAN AG’s takeover offer. The news follows speculation and then confirmation that German truck and bus maker MAN launched an unsolicited bid worth 9.6 billion (≤6.5 billion) for its Swedish rival Scania.
2006 Market Influencers
Many play a huge role in this big old industry. But, which are the real movers and shakers – the real Market Influencers? Tire Review’s annual review of Market Influencers looks at the 10 people, products, issues and things that we think will have a major impact on this business over the coming year. Sometimes
Update: Cooper Outlines Efficiency Improvement Plans
(Clacton, U.K./Tyres & Accessories) Cooper Tire & Rubber Co. has announced plans to gain $170 million by the end of 2008 through cost cuts and profit improvements, according to an official filing.
Michelin Expansion in Nova Scotia Draws Criticism from Ontario Workers
(Akron/Tire Review – Canadian Press) An expansion planned for a Michelin tire factory on the East Coast has exposed the company’s long-term strategy to rid itself of unionized plants, says a union leader at an Ontario factory that was recently shut down by the French multinational.
Amtel-Vredestein Won’t Buy Back Shares: Gurin
(Clacton, U.K./Tyres & Accessories) Amtel-Vredestein has rebuffed reports that suggested it plans to buy back its shares.
3% to 5% Conti Price Increase ‘Likely’
(Clacton, U.K./Tyres & Accessories) Continental AG is “likely” to raise its European tyre prices by 3-5 per cent in October in response to rising raw material costs, an unnamed source told Focus-Money magazine.