TCIL Ready to Get Government Release
India’s Department of Disinvestment has begun the process of completely divesting the government’s stake in the Tyre Corporation of India (TCIL), the first outright sale of a public sector company to take place in India since 2003-04. The Economic Times comments that, should all go to plan, the divestment should be complete this year. Commenting
Lanxess Has New CFO After Surprise Resignation
At its Feb. 3 extraordinary meeting, the Lanxess AG Supervisory Board agreed to revoke the contract of chief financial officer and Board of Management member Matthias Zachert. This measure was taken at Zachert’s request, Lanxess reports. The 43-year-old served on the Lanxess Board of Management since 2004. Board of Management chairman Axel Heitmann said: “My
Sebring Now Michelin Home
Michelin is now the official tire of Sebring International Raceway, and Michelin North America’s latest UHP line will get prominent play at the track during the upcoming Twelve Hours of Sebring.Due for an April debut, the Michelin Pilot Super Sport will be featured on new signage around the Sebring track, which will be unveiled during
The Price Crisis Part II: Fighting Uphill Task
India’s tire industry is going through testing times. Amid ballooning prices of raw materials, particularly rubber, it is trying to cater to the demand of the surging auto industry by expanding production capacities. It is still awaiting government decision on regular rubber imports and even moved the court for redressal of grievances, says Rajiv Budhraja,
Scots Reviewing Winter Tire Use
Ministers from the Scottish Parliament are assembling an ‘alliance’ representing the tire and insurance industries plus motoring organizations in order to focus on the role winter tires can play in keeping Scotland moving during times of harsh weather. And one MSP hopes this focus will benefit the Michelin plant located in his constituency. Members of
Nokian Tires Land Top Marks
ated “very recommendable” by Auto Bild in its latest eco tires test and the same way in the German magazine “Auto Test Öko Trend“ 2011. The test result of “Auto Zeitung” for Nokian V is “very recommendable,” too. “Gute Fahrt” scored it “good.”ADAC rates the ultra high performance tire Nokian Z G2 “very recommendable” again
Bridgestone Price Hike Won’t Cover Costs: Analysts
Bridgestone Americas’ decision to impose a drastic 12% increase of North American truck and bus tire prices in only likely to recoup roughly a fifth of the increased rubber costs the tire manufacturer has had to pay recent, Deutsche Bank analysts reported. "In view of the likely penetration rate for the price hikes, we calculate
The Price Crisis: A Special Report
As with any consumer good industry, tire prices have seen near consistent twice-annual increases for as long as anyone can remember. In tougher times, perhaps only one price hike; don’t want to chase away the consumer, after all! January would bring one increase, and June the second. In both cases, those increases were erased within
Michelin Makes Major Research Donation
Michelin North America’s research arm has donated some expensive, high tech equipment to improve vehicle communications systems. Michelin Americas Research Co. donated to the Clemson University International Center for Automotive Research (CU-ICAR) a Lecroy Wavemaster 8600A oscilloscope. Research with the oscilloscope will help engineers integrate electronic systems more smoothly in vehicles. "Michelin is proud of
TPMS in America Part II: What Europe Can Expect
Mandatory fitment of TPMS to new vehicles in Europe doesn’t officially kick in until 2012, but due to the lead-time necessary in producing 2012 model year vehicles, those same vehicles and the TPMS sensors they will be using are likely to already be in production. So, as we rapidly approach the mandatory introduction of TPMS