Conti Has 3 Billion Euros to Invest, CFO Says
(Akron/Tire Review) Continental AG’s chief financial officer claimed yesterday that the German tire and auto system maker has at least 3 billion euros in a ‘war chest’ to finance future acquisitions.
Making the Most of the Internet
(Clacton, U.K./Tyres & Accessories) Online retailing has come of age, and U.K. consumers are leading the way.
Auto Parts Makers Lose Ground
(Akron/Tire Review – Wall Street Journal/Detroit News) Despite breathless anticipation over automaker alliances, stock and bond investors still see much of the U.S. car business as a sputtering jalopy.
Issue of the Decade: Privacy of Personal Information
(Longueuil, Quebec/Tire News) Once called the “issue of the decade,” concerns over the privacy and security of personal information have become central concerns of Canadians and may well turn into the “issue of the century.”
Fountain Tire: Best of the Best
(Longueuil, Quebec/Tire News) It’s a tremendous honour to become one of Canada’s 50 Best Managed Companies; to stay at that level for six years and reach Platinum Club designation is an outstanding achievement, and one that Fountain Tire has attained.
Banks Abandon Pirelli IPO at Last Minute
(Clacton, U.K./Tyres & Accessories) Banks advising Pirelli Tyre on its initial public offering withdrew the company from floatation at the last minute on June 30.
A Quiet Performer
(India/Rubber Asia) Goodyear India is quietly getting into the news again. After years of lack-lustre performance, the company is making rapid strides in select segments and is charting out aggressive growth strategies.
Pirelli Tyre IPO Set For June 21-30
(Akron/Tire Review) Pirelli SpA has obtained clearance from the market regulator Consob for the initial public offering of its Pirelli Tyre SpA unit, which will run June 21-30.
Pirelli Submits Official Request for Tire Unit IPO
(Akron/Tire Review) Pirelli SpA has submitted an official request to the Milan stock exchange for permission to list its tire unit in an initial public offering.
National Tyres to Double Number of Outlets
(Clacton, U.K./Tyres & Accessories) Axle Group executives have announced plans to acquire up to 200 independent retail outlets across the U.K. in an effort to double the number of branches in the company’s National Tyres chain.