Scrappage Scheme Boosts Sales For Kia And Mazda
Tyres & Accessories – With sales reaching 9,772 in September, Kia Motors (UK) Ltd. has hit a new record for the brand in any European market. No Kia subsidiary or distributor in Europe has ever sold so many new cars in one month throughout the brand’s history and with total sales for the year passing
Special Report: More Chinese Tires to European Market?
Tyres & Accessories – Now that President Barack Obama has stuck an added import duty on all passenger car and light truck tyres from China for the next three years, what happens next? Chinese tyre manufacturers won’t want to sell fewer tyres each year. But U.S. importers, consumers and manufacturers are equally unlikely to want
Nexen Really Expanding With New S.K. Plant
Tyres & Accessories – Nexen Tire is planning to invest 1 trillion won ($829 million) in a new factory in South Korea, one that apparently will be the world’s largest. The move is seen as a way of ramping up production in anticipation of a 6% annual growth of global tyre demand. The new plant,
Damage Long Ago Done
Our friends at the Heavy Treadin’ Blog weighed in on the recent U.S. tariff ruling in Chinese passenger tires. Always love reading their take: “In my post on Friday, I stated that President Obama had until the 17th of September to make up his mind on the issue of Chinese tire tariffs. 3 hours after
Looking Forward Tire Company Execs Talk About the Future
“The problem with the future is that it keeps turning into the present.” – Calvin & Hobbes creator Bill Watterson And the present has an odd way of getting in the way. Forinstance, when we first planned for this story, we thought it would beneat to peer into the future and see what the tire
Analysts Expect 1 trillion Won in Sales for Nexen
Nexen Tire shares went up over 6% July 21 after analysts at Hyundai Securities raised their “fair value” price 25% from 8,000 to 10,000 won.
Analysts Hail ‘10x Better Than Expected’
Morgan Stanley has raised its estimates for Continental AG shares following what the analysts described as “much stronger than expected second quarter results.”
All in the Family: Running a Successful Family Business
Today the most commonly accepted meaning is that blood-related familymembers are to be considered more important than non-family members. Withfew exceptions, that seems to be the mantra for tire dealers who havestarted or inherited a family-owned business. While the “blood” happensto be a common bond, most involved agree that running the business withfamily has more
Private Brand Tires Still Offer Added Profits
Despite a shrinking market, fallout from an economic recession andtough price competition from overseas, the private brand tire segmentstill offers dealers the potential for added profits and exclusivity intheir own markets. The private brand segment has seen easierdays, to be sure, but it is still relevant in today’s marketplace. Withthe improved logistical capabilities of private
Michelin PRM Report Examines Key Performance Areas
The fourth edition of the Michelin Group’s Michelin Performance and Responsibility (PRM) report is out.