Stamford Tyres Reports Record Net Profit for FY 2006
(Akron/Tire Review) Stamford Tyres Corp. announced record net profit of $15.6 million for the financial year ended Apr. 30, an 80.8% growth over the $8.6 million recorded in 2005.
MNA and TCI Launch Disaster Response Service Unit
(Akron/Tire Review) Michelin North America (MNA) and its subsidiary TCI Tire Centers unveiled a new disaster response service unit that will be used in areas hit by natural disasters.
Tire Contract Talks Open, USW Already Unhappy
(Akron/Tire Review) Formal negotiations between the United Steelworkers (USW) and Goodyear Tire & Rubber Co. for a new master contract have opened, and already it appears negotiations will be difficult.
Conti Narrowing China Plant Search
(Akron/Tire Review) Continental AG will decide on a site for a new tire plant in China by the end of 2006. Conti Chairman Manfred Wennemer said the company is considering two locations in China.
Cup Teams to Ride on Conti Tires
(Akron/Tire Review) All 32 team buses shuttling players to matches for the 2006 FIFA World Cup will ride on Continental brand bus radials.
Stretching Those Tire Dollars
The best way for any fleet to keep operating costs down is to manage tires. After fuel, tires are a fleet’s largest expenditure. Yet so many fleets tend to under-budget and under-manage this cost center. In fact, many fleets still treat tire management as an entry-level position and appoint the newest, least-experienced technicians to handle
Hippe Expects CTNA Losses Again in 2006
(Akron/Tire Review) Continental AG expects its U.S. operations to continue losing money at least through this year, according to an interview by Euro magazine with Alan Hippe, Continental’s CFO and president of Continental Tire North America (CTNA).
Conti Launches New Brand Ad Campaign
(Akron/Tire Review) Continental Tire North America (CTNA) launched a new advertising campaign for its Continental brand, highlighting what the tiremaker says is the brand’s “leading position both in the original equipment and replacement business worldwide.”
Focused on Consistency: CTNA Won’t Dwell on Past, Talks About Better Future for Dealers
CTNA Won’t Dwell on Past, Talks About Better Future for Dealers
European Tyre and Rubber Manufacturers Form New Association
(Clacton, U.K./Tyres & Accessories) European Tyre and Rubber Manufacturers have held the first meeting of the newly formed European Tyre & Rubber Manufacturers’ Association or ETRMA.