Opinion: Micheldever’s For Sale, But Who’s Buying?
When you consider that they paid £85 million for Micheldever Tyre Services (MTS) in 2006, it is no surprise that equity house Graphite Capital is willing to sell the company now it is in the position to command a £200 million price tag. Back then Graphite were cast as the backers for a management buy-in/buy-out
Michelin’s F1 Return Dependent on Competition
Michelin’s return as a tire supplier to Formula One is partly dependent on competition from rival companies, a spokesman told Racing Engineering. Bridgestone’s F1 contract will run out at the end of the season, leaving the category without a confirmed tire provider for 2011. Michelin has expressed interest in returning, but a deal appears to
Michelin Could Return to F1 Next Year
Michelin is reportedly close to returning to Formula One, albeit not as a standard tire supplier. Although the news remains unconfirmed, Autosport reported that the French tire manufacturer is in “advanced negotiations with FIA about the terms of a return for the first time since it quit at the end of 2006.” A formal announcement
F1 Pressing Hard to Keep Bridgestone
FIA and its Formula 1 racing are reportedly putting the full-court press on to convince Bridgestone Corp. to remain as the series’ race tire supplier. Since Bridgestone announced last year that the 2010 F1 season would be its last as the tire supplier, the series has struggled to find a replacement. Rumors had wither Kumho
Let’s Grade the Options
Bridgestone has said that 2010 will be its last season of F1 racing. No more tires, no more dollars. And while most of the motorsport world’s F1 attention has been focused on whether Renault will remain in (yes it will) and if Michael Schumacher will suit up again (apparently he will), no one is addressing
Taking Stock: Be Ready with Performance Upgrade Options for 2010
Many times over the years, the automotive aftermarket has been given a platform that has largely contributed to a $35+ billion industry. This year, that car was the 2010 Camaro. Baer Brakes has introduced their Baer Claw Extreme (one piece rotors) and Extreme-Plus (two piece rotors) brake systems in the 14-inch 6S and massive 15-inch
Hercules Opens Expanded Chicago TDW Faclity
Hercules Tire & Rubber Co. has moved its Chicago Tire Dealer’s Warehouse branch to a new, larger facility in nearby Franklin Park, Ill. The new Chicago TDW facility has 50% more capacity, a state-of-the-art inventory management system and expanded loading docks, and will now provide "will call" service to customers, Hercules said. “Our TDW division
Hankook Fifth in Europe? Maybe!
European marketshare data released by Hankook shows that Michelin remains the undisputed leader in both the car and truck tire segments – but the previously exclusive stable of top five tire manufacturers gained a new member in 2009. Hankook’s decision to publish its projections of how the land lies, following one of the most tumultuous
One by One, Companies Claim No F1 Interest
So now that Bridgestone has opted out after the 2010 season, which company will step up to supply race tires for Formula One? Three key names have gone by the wayside as Goodyear, Pirelli and Michelin say they are not interested. Pirelli, which two years ago had indicated an interest in returning to F1, said
Dealers Talk About Tariff-Caused Price Inflation
Eric Elgert bought four new tires for his car for about $350 in mid-September. If he had waited just a few weeks longer, his total tab most likely would have run higher – as much as $100 or more, reports the Sioux City Journal. "I’m glad we got them when we did,” the Sioux Cityan