Report: Michelin Close to Getting F1 Deal
Urgent reports out of Europe say that Michelin is close to signing a formal tire supply deal with Formula One, even though other reports say that Pirelli plans a full-court press to get a deal at this weekend’s Spanish Grand Prix. German motorsport magazine Auto Motor und Sport claims Michelin is now the favorite after
TGI Adds to Growth With New Cosmo TBR Range
After a challenging 2009, as it was for most all of the industry, this year U.S.-based wholesale tire distribution operation Tire Group International (TGI) has reportedly increased year-on-year sales and plans to market its new Cosmo brand truck and bus radial range at the Reifen show. “2009 was a tough year in the industry. We
Report: Pirelli Plans Formal F1 Bid
The plot, as they say, has thickened as news reports out of Europe say that Pireli will definitely place a formal bid to become a tire supplier for the series beginning next year. The offer, according to some reports, would be for all F1 teams – making Pirelli the exclusive spec tire – and may
Noticeable by Their Absence
The upcoming Reifen Essen tire industry show will feature more than 550 exhibitors from 40 nations and 17,000 visitors from over 100 countries. With so many tire companies on show, some of the largest tire companies end up standing out not for their weird and wonderful stand designs or their high technology products, but simply
Is Pirelli Really Interested in F1? Perhaps, Says Chairman
The twisted tale of which company will take on Formula One racing next year took yet another turn yesterday as Pirelli tossed its hat back into the ring. The Milan, Italy-based tiremaker had previously said it was not interested in the derby to replace Bridgestone as the F1 spec tire once the Tokyo-based tiremaker’s contract
Hankook to Double Hungary Plant Capacity in 2011
Hankook announced last week it plans to double capacity at its plant in Hungary, creating an extra 450 jobs this year and another 250 in 2011. The company has started a training course in cooperation with the local vocational college in RÁcalmÁs, the factory’s location, near Budapest. The plant, built in 2007, currently employs 1,270
It’s Official: Kramer Takes Over as Goodyear CEO, President
Rich Kramer became president and chief executive officer of Goodyear Tire & Rubber Co. at the tiremaker’s annual shareholder meeting yesterday. The move makes Kramer the 19th person to lead Goodyear as president or CEO since its founding in 1898. Bob Keegan, Kramer’s predecessor, remains with the company as executive chairman. Kramer thanked Keegan and
European Wheel Dumping Investigation Could Mean 30% Duty
While everyone has been focusing on the U.S.-initiated anti-dumping tariffs against Chinese-made passenger car tires, another anti-dumping investigation has escaped widespread coverage. In August 2009, the European Commission began an investigation into dumping allegations made against Chinese wheel makers who allegedly sold products into the European markets beneath cost price. At the time, 60 Chinese
Trelleborg, New Holland Form Partnership
Trelleborg tires will exclusively equip two New Holland special edition Blue Power tractors, the T7070 AutoCommand and the T7060 PowerCommand. The collaboration agreement between Trelleborg and New Holland Agriculture is a strategic step forward, including cooperation in product innovation and marketing to benefit customers. The aim of the partnership is to offer the customer a
Marangoni Becoming a Global Player
Although Italian firm Marangoni celebrated its 50th anniversary in the new millennium, the year 2000 primarily represented a significant milestone on its path towards becoming a global operator. Today, 10 years later, the Marangoni Group is, aside from Bandag and the new tire manufacturers’ retreading activities, the industry’s sole genuine “global player.” The company has