ContiSportContact Vmax in Guinness Book of Records
(Akron/Tire Review) Continental Tire’s ContiSportContact Vmax has been entered into the Guinness Book of Records as the world’s fastest standard production tire.
Conti Names Appointments for New Business Units
(Staffordshire, U.K./Tyres & Accessories) As of July 1, Andreas Esser, who has headed Continental’s global Original Equipment Car Tires business for many years, will be responsible for the company’s newly created business unit Replacement Business Car Tires and Replacement Business Truck Tires Asia, based in Shanghai.
Former Conti Boss Urban Dies
(Staffordshire, U.K./Tyres & Accessories) Former Continental CEO Horst W. Urban passed away on June 21, three weeks after celebrating his 70th birthday.
Casalbore Named Business Partner at Barron’s Wholesale Tire
(Akron/Tire Review) Carl Casalbore has joined Barron’s Wholesale Tire Inc. as a business partner and will serve as vice president of sales and marketing.
Strong Truck Tyre Demand Means Short Supply in Europe
(Staffordshire, U.K./Tyres & Accessories) Truck manufacturers (Volvo and MAN) are reporting that supplies of truck tyres are running thin.
Conti Chief Says Company Looking at Major Acquisitions
(Akron/Tire Review) Bloomberg reported that Continental AG is “working on” as many as five major acquisitions in addition to its ongoing quest to buy Siemens AG’s VDO unit.
Siemens Receives Three Bids for its VDO Unit, Continues to Favor IPO
(Akron/Tire Review) Siemens AG has received three bids for its automotive unit VDO but continues to favor a public offering, German newspaper Handelsblatt reported, citing company sources.
Michelin To Face Truck Tyre Shortage in 2008?
(Staffordshire, U.K./Tyres & Accessories) Steadying raw material prices, Michelin’s productivity improvements and increased truck tyre demand could in a “truck tyre shortage,” and therefore increased prices from the company, according to Deutsche Bank analysts.
Rollier Gives Details of Michelin Cost Saving Plans
(Staffordshire, U.K./Tyres & Accessories) Speaking in an interview with French daily, Le Figaro, Groupe Michelin managing partner Michel Rollier gave details of how less than 50% of the 20,000 people who will retire from Michelin will be replaced.
Michelin’s Future Productivity Gains Will Be ‘Huge’
(Staffordshire, U.K./Tyres & Accessories) Analysts are predicting huge productivity gains after Michelin announced the restructuring of its Japanese plant, involving the lay-off of 550 people (following Canada, Nigeria and France last year).