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News for December 2007

2007-12-21 Delticom Forecasts 21% Increase in Revenues
German based online tyre retailer Delticom AG has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the German Tyre and Vulcanisation Industry Association BRV, as well as in response to what the company calls irritations in the financial markets with regards to the course of Delticom's business during the current fourth quarter.
2007-12-20 Bib Gets First Corvette OE Fitment
Michelin has earned its first OE fitment on a Corvette, with its new Michelin Pilot Sport PS2 TM ZP (zero-pressure) tires on the 2009 Corvette ZR1.
2007-12-19 Energy Bill Now Law: Tires to be Affected
President Bush today signed a sweeping energy law that includes creation of a so-called “fuel efficiency consumer information program” for consumer tires.
2007-12-18 Cooper to Increase Prices
Cooper Tire & Rubber Co. announced a price increase of up to 5%, which will vary between product lines for all customers, effective February 1, 2008.
2007-12-15 NASA and Goodyear Awarded Funding to Develop Non-Pneumatic Tire for the Moon
· NASA Glenn Research Center and Goodyear granted Seed Funding · Step Change Technology required for "Universal" Mobility · Joint Lunar, Mars project capability could yield "Earthly" rewards
2007-12-13 Bridgestone to Increase Prices in all European Markets
2007-12-12 U.S. Adds Duties to China-Made OTR Tires
The U.S. Department of Commerce has opted to impose countervailing duties – at least initially – on new OTR tires imported from China, saying the makers of those products benefited financially from Chinese government subsidies.
2007-12-12 BFGoodrich Bows Out of WRC with a Splash of Colour
As the curtains are drawn on a multi-tyre WRC series, BF Goodrich has thanked teams loyal to the brand with a unique gift not available in the shops – specially made coloured tyres.
2007-12-11 Goodyear Announces New Strategic Business Unit
The Goodyear Tire & Rubber Company has announced the formation of a new strategic business unit, combining the former regions of European Union (EU) and Eastern Europe, Middle East and Africa (EEMEA).
2007-12-10 Alcoa Opens New Hungary Production Line
Alcoa officially opened its new Dura-Bright forged wheel production line at its Hungary factory in early November.
2007-12-10 Japan’s Trade Commission Issues Order Against Rubber Hose Cartel
Japan’s Fair Trade Commission is taking steps against Bridgestone and four international companies that have since May been under the spotlight for rubber marine hose price fixing.
2007-12-07 Lion Forest to Buy 70% of Silverstone
Lion Forest Industries Bhd is reportedly proposing to buy up to 70.64% of Silverstone Corp. Bhd two years after its proposal to acquire the latter’s tyre business was rejected by the local Securities Commission despite an appeal.
2007-12-07 General's Exclaim UHP Adds New Sizes
The terms “ultra-high performance” and “all-season” are no longer mutually exclusive, thanks to the introduction of General Tire’s new Exclaim UHP radial.
2007-12-07 RIAL introduces the new summer wheel BARI
RIAL BARI is a design wheel with ten spokes which run in a star form to the outer edge of the rim flange.
2007-12-06 Goodyear Building Larger Retread Plant in Ontario
To meet what it sees as increasing needs for retreaded OTR tires, Goodyear Canada Inc. is building a new retread plant in North Bay, Ont.
2007-12-06 Pirelli to Raise Prices in Several Export Markets
Pirelli Tyre reports that price increases of up to 10% are planned for all passenger car, SUV and truck tyre lines sold in Middle East, Africa and Asia Pacific markets, effective as of Jan. 1, 2008.
2007-12-05 Goodyear HQ Project to be Announced Today
At a press conference scheduled for this morning, Goodyear Tire & Rubber Co. is expected to reveal its plans to keep its world headquarters in Akron.
2007-12-05 Goodyear Launches Armor Max Commercial LT Tires
Goodyear Tire & Rubber Co. has launched four all-new commercial-duty light truck tires featuring its Armor Max technology.
2007-12-05 Conti Purchase of Siemens VDO Officially Concluded
The Continental AG concluded its purchase of Siemens VDO Automotive AG on Dec. 3, four days after the EU Commission issued its unconditional approval.
2007-12-05 CGS Buys Compound Manufacturer
The CGS group, which includes Mitas (tyre production), Rubena (technical rubber products) and Buzuluk (machinery and equipment for the rubber industry), has recently acquired a full ownership stake in the company Konty G, with compounds manufacturing facilities in Zlín, Czech Republic.
2007-12-04 WTO Rules Brazil Must Allow Retread Imports
A World Trade Organization appeals panel ruled Dec. 3 that Brazil did violate international commerce rules by restricting importation of retreaded tires from Europe.
2007-12-04 Conti Adds Sizes to HP Line
Continental Tire North America has added seven sizes to its ContiSportContact 2 high performance line.
2007-12-04 Bridgestone/Firestone Closing Mexico Plant
Less than a month after taking the wraps off its new automated tire plant in Mexico, Bridgestone Americas Holding has opted to close its existing tire plant in Mexico City.
2007-12-04 Beru Develops Bus TPMS for Harsh Winters
Automotive engineering specialist Beru Systems has developed a specific bus tyre pressure monitoring system for Canadian firm Nova Bus and their new Nova LFS Artic bus.
2007-12-02 Goodyear conducts 'precautionary campaign' for 400,000 tires
Goodyear Tire & Rubber Co. is conducting a precautionary customer satisfaction campaign to exchange certain size P215/70R14 tires sold under a variety of names in the United States and Canada.
2007-12-01 Study Shows Nokian Most Productive European Auto Company
According to an article published in the German periodical Manager Magazin, of the 500 largest stock exchange listed companies in Europe, Nokian Tyres is the most productive company in the automotive sector.
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