Goodyear Publishes Paper on Young Drivers and Road Safety
Goodyear Europe, Middle East and Africa (EMEA) published the findings of a new research project it undertook with the European Driving Schools Association (EFA) on Nov. 27. Alongside the research, Goodyear EMEA published a Road Safety White Paper – “Driving Safety First: Improving Road Safety For Novice Drivers.” The white paper was introduced and discussed
Yokohama, Kumho Tire Reach Tech, Ownership MOU
Yokohama Rubber Co. has recently signed a memorandum of understanding with Kumho Tire Co. to start discussions on technology exchanges and a capital alliance premised on cross-shareholdings. The two tiremakers said they aim to grow and increase their competitiveness in the global market by sharing R&D resources and making a more effective use of them
Apollo-Cooper Update: What One Stock Analyst is Seeing
Cleveland’s KeyBanc Capital Markets, in its monthly tire industry analysis, maintained its "hold" rating on Cooper Tire & Rubber Co. shares, based on a number of points. “Cooper could move toward the $20 level if the merger (Apollo Tyres’ proposed acquisition of Cooper) is terminated, which seems more likely with deal financing potentially in jeopardy,
DOJ Socks Toyo With $120 Million Fine
Toyo Tire & Rubber Co. was hit with a $120 million fine in a plea deal over alleged price fixing. In addition to the fine, certain Toyo executives will take a hit on their compensation, the company reported. The plea deal with the U.S. Justice Department, announced Nov. 26, came after months of investigation on
Hay Appointed NTDA Director
The NTDA has appointed Stefan Hay as its new director, succeeding Richard Edy who is retiring after 25 years in the post. The changeover will officially take place at the end of January. According to the association, Stefan Hay has 20 years of senior management experience in a variety of industries and trade associations, most
Has Apollo-Cooper Battle Been Fueled by Investment Bankers?
Writing on Reuters Breakingviews, corporate finance columnist Una Galani draws attention to how financial institutions contributed towards the current tensions between Apollo Tyres and Cooper Tire & Rubber Co. She opines that Apollo’s move to renegotiate its Cooper acquisition deal and seek a buying price less than the $2.5 billion originally offered was pushed by
Canada Updates Tire Regs
Transport Canada has outlined a number of changes in regulations pertaining to tires. The new regulations, announced by Transport Minister Lisa Raitt on Nov. 20, are intended to enhance the safety of tires manufactured for the Canadian market; they also bring Canadian regulations more closely in line with those enforced in the U.S. Manufacturers have
The Pirelli Calendar That Wasn’t Now Is
The year isn’t quite up yet, but news about Pirelli’s upcoming 2014 Calendar is that it isn’t. It isn’t a 2014 calendar, that is. The tiremaker reports that to celebrate the celendar’s milestone 50th anniversary, it decided not to produce a 2014 calendar. Instead, it is releasing the previously unpublished 1986 Pirelli Calendar created by
Bridgestone Shows Latest Version of Airless Tire
The Tokyo Motor Show 2013 opens to the public on Nov. 23, and during the press days ahead of the official start of the exhibition Bridgestone Corp. unveiled its second-generation ‘air free’ concept tire. The manufacturer says the latest improvements to the air free concept bring it one step closer to developing a viable, commercially
Mitas Czech Plant Up and Running in Less than a Year
Mitas’ new tire plant in Otrokovice, Czech Republic, was constructed in less than a year and is already producing radial agricultural tires at full capacity.
Conti Building New Warehouse Near Plant
Aachen, direct on Germany’s border with Belgium and the Netherlands. When complete early next year the warehouse will have storage room for some 800,000 tires and be able to handle the shipping of up to 35,000 tires a day. The warehouse is located near several key motorway routes, including the A4 and A44 in Germany
Mitas Reaches Full Tire Production in New Plant
During the Agritechnica show, Mitas reported that its new factory in the Czech Republic town of Otrokovice has commenced full capacity tire production. The company built the 24,000-square-meter plant within one year and invested approximately CZK 1 billion (£30.9 million) in the project. The new Otrokovice plant produces Mitas and Continental-branded agricultural radials and has