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News for July 2007

2007-07-31 Michelin Acquiring Oliver Rubber
In perhaps its response to the recently completed purchase of Bandag Inc. by rival Bridgestone/Firestone, Michelin North America has signed a “definitive agreement” to acquire Oliver Rubber Co. from Cooper Tire & Rubber Co.
2007-07-27 Kumho Plans Major Capacity Boost at New Plant
South Korea’s Kumho Tire Co. already plans to expand annual capacity at its brand new Changchun plant, nearly doubling tire build from 3.15 million to 6.3 million tires.
2007-07-27 Maxxis on Interbrand List for Fifth Year
For the fifth consecutive year, Maxxis has made the top 10 of Interbrand’s list of Taiwan’s top global brands. Maxxis ranked eighth on the list.
2007-07-26 Sales Rise, But Goodyear Posts Net Loss for Half
Even as it saw second quarter sales rise some $183 million, Goodyear Tire & Rubber Co. still posted a first half 2007 net loss of $118 million.
2007-07-26 Bridgestone Awarded “Superbrand” Status in Germany
The globally recognised independent authority on consumer opinion and branding, Superbrands, has identified the Bridgestone brand as one of the strongest brand names in its 2007 awards in Germany.
2007-07-26 Michelin Sets New Uniroyal Tiger Paw AWP II
Michelin North American has introduced the Uniroyal Tiger Paw AWP II, which will come with a 70,000-mile limited treadwear warranty.
2007-07-26 New Speed Record for ContiSportContact Vmax
Less than a month after Continental AG was admitted to the Guinness Book of Records for car performance modifier Jan Fatthauer’s 388 km/h dash, which saw the Continental ContiSportContact Vmax officially recognised as the world’s fastest production tyre, a new record using Conti’s performance tyre has been set.
2007-07-25 Hankook Launches New HP Line
Hankook Tire America Corp. has launched the Ventus R-S2 Z212, a new performance line it said was based on its Ventus RSS Z211 race tire.
2007-07-25 New Hankook Plant Under Fire from Unions, Locals
Within a month of it opening, the Hankook Tire Corp. factory in the Hungarian town of Dunaújváros has become the subject of labour-law breach allegations.
2007-07-25 Goodyear Dunlop Invests in Wolverhampton Machinery
NextTread, the commercial vehicle retread business of the Goodyear Dunlop group, has announced an investment in new machinery at its Wolverhampton plant.
2007-07-24 Sumitomo Expects Much From China
For Sumitomo Rubber Industries Ltd. – Japan’s second largest tyre manufacturer after Bridgestone – the Chinese tyre market has overwhelming potential.
2007-07-24 Investment Firm Owns 5% of Nokian
On July 20, Nokian Tyres received news from Grantham, Mayo, Van Otterloo & Co., that as a result of a share transaction concluded the previous day, their ownership increased to 5% of the voting rights and share capital in the Finnish tyremaker.
2007-07-23 Chinese Conduct Testing; Tubes Fail Badly
The Brunei Times has reported that government tests of some 50 China-made tires and tubes found a high degree of failures.
2007-07-23 Pirelli Looking East for Tire Growth
Pirelli SpA may be looking to make major tire investments in Eastern Europe and India, based on remarks made by Pirelli Chairman Chairman Marco Tronchetti Provera to reporters while visiting Pirelli’s tire facility in Romania.
2007-07-21 Record Exhibitor Numbers at Tyrexpo Asia ’07
Russia’s Alimark Ltd. has become the 140th exhibitor to sign up for September’s TyrexpoAsia exhibition in Singapore, breaking all records for the show as it approaches its 10th anniversary.
2007-07-20 S. Africa Tire Plants Facing Strikes
At least 6,000 workers at six large tyre manufacturing plants in Port Elizabeth, Kwazulu-Natal and North West in South Africa will strike on Friday, the National Union of Metalworkers of SA (NUMSA) said.
2007-07-20 Cooper Tire on Track Again to Fight Malaria in Africa
Legendary adventurer Kingsley Holgate, and Cooper Tire have linked up once again to begin another epic humanitarian mission across the African continent, in the continuing fight against malaria.
2007-07-20 Michelin OTR Plant to Enter Production in November
Groupe Michelin’s new OTR earthmoving tyre plant in Brazil is on schedule to produce its first tyre in November.
2007-07-20 Hankook to Show New European Made Tyres at IAA
Hankook Tire will showcase its first European-made tyres, low rolling resistance tyres at this year’s 62nd IAA Car Show.
2007-07-20 Grosvenor Contract Features 2-Year Michelin Deal
Grosvenor Contracts Leasing Ltd., Britain’s largest independent vehicle contract hire company, which is based in Kettering, has extended its contract with Michelin until 2009.
2007-07-19 Hankook Signs on With Chevy Driving Program
Hankook Tire America Corp. has signed on as the official tire sponsorship of Chevrolet’s “Rev It Up 2007: Where Drivers Come to Play” performance driving school and competition program.
2007-07-19 Conti Teams With BMW Performance School
Continental Tire of North American is providing tires to the BMW Performance Center and the BMW Performance Driving School, based in Spartanburg, S.C.
2007-07-19 Pirelli to Build ‘Next MIRS’ Plant in Italy
Pirelli Tyre is planning to build a state-of-the-art industrial centre in the Settimo Torinese area of Italy, having signed an agreement with the Piedmont regional, Turin provincial, and Settimo Torinese authorities.
2007-07-19 European Motorists Warned to Avoid Used Tires on EBay
eBay shoppers looking for a bargain are being warned to steer clear of second-hand tyres being sold on the site, after independent testing revealed that half of the used tyres listed on eBay are too dangerous for use and if fitted to a car could put lives at risk.
2007-07-19 Three new TSW wheels for the UK market
The Demon is a ten-spoke wheel, featuring five pairs of flat-faced and hard-edged spokes running to the very outside edge of the wheel rim. Not only does this enhance the sense of size of the wheel but gives it an aggressive and purposeful feel; perfect for performance or modified cars.
2007-07-18 Car Quality Squeezes Mechanics
Rick Carr, the service manager at Buff Whelan Chevrolet in Sterling Heights, Mich., remembers the old days when cars broke down as fast as mechanics could fix them.
2007-07-18 Michelin Puts Media Buying Under One Roof
Michelin North America has taken its North American media planning and buying business and consolidated at a single agency.
2007-07-17 Metro Tyres to Offer Share to Conti
India’s Metro Tyres is reportedly willing to offer technical collaboration partner Continental AG a minority stake in its business.
2007-07-17 Cooper Recalling 92,000 LT Tires
Cooper Tire & Rubber Co. is recalling some 92,000 Dominator Sport A/T tires due to concerns over possible tread separations.
2007-07-17 Pirelli Workers At Carlisle Vote To Strike
A report in the local paper the News and Star says that 700 workers at Pirelli's factory in Carlisle have voted to strike on three days in August, after the company said that it was going to outsource five jobs to outside workers.
2007-07-17 Conti Truck Tires Get EPA Nod
Three Continental brand medium truck tires have been recognized by the Environmental Protection Agency for meeting its SmartWay environmental specifications.
2007-07-16 8-year F1 run at Indy to end Series left without a race in U.S.
Formula One will not return to the Indianapolis Motor Speedway next year, leaving the international auto racing series without an American event for now, speedway officials said Thursday.
2007-07-16 Aftermarket SmarTire TPMS to be Sold Through International Truck
SmarTire announced on July 10 that Dana Corp., its marketing partner for the commercial vehicle market in North America, Australia and New Zealand, will be offering the company’s SmartWave TPMS retrofit kits to International Truck and Engine Corp.
2007-07-13 ASA Offers Updated TireMaster Software
ASA Tire Systems has issued Version 7.4.0 of its TireMaster software.
2007-07-13 Cooper introduces Mastercraft premium touring tire
Cooper Tire & Rubber Co. is rolling out the Mastercraft Avenger Touring LSR all-season premium touring tire in two all-season tread design options.
2007-07-13 Conti Selected for Land Rover Experience Tour
The Land Rover Experience Tour is considered one of the most challenging tests faced by all-terrain vehicles, and this year, for the first time, the Experience Tour will be run exclusively using 4x4 tyres manufactured by Continental.
2007-07-13 Kumho Signs Manchester United Sponsorship Deal
Kumho Tire announced on July 12 that it has signed a sponsorship deal with Manchester United.
2007-07-12 Yokohama Rubber Traded Immunity for Information in Cartel Case
It has been reported that Yokohama Rubber provided evidence against its former associates involved in the recent price fixing controversy in exchange for immunity, allowing the U.S. Justice Department to the break the international price cartel that included Dunlop Oil & Marine, Trelleborg Industrie SAS and domestic rival Bridgestone.
2007-07-12 Michelin Energy Saver OE for New Peugeot
When the all-new Peugeot 308 begins to arrive at dealerships, it will most likely be wearing tyres from Michelin’s new Energy Saver range.
2007-07-10 Toyo, Gordon Extend Off-Road Deal
Toyo Tire (USA) Corp. has extended its contract with off-road racer Robby Gordon through 2010.
2007-07-10 Goodyear Jamaica to Rebuild With Distribution and Marketing Investment
2007-07-09 IPO for Online Tyre Retailer Oponeo.pl
Polish online tyre and automotive products retailer Oponeo.pl plans to issue up to 4 million new shares in an upcoming IPO and spend the proceeds on boosting working capital and the development of its IT systems, the company's chief executive Dariusz Topolewski informed a press conference on July 5.
2007-07-09 KeyBanc Raises Goodyear Share Target to $48
KeyBanc has raised its price target for Goodyear Tire & Rubber Co. shares from $39 to $48, maintaining its “buy” rating.
2007-07-06 Yokohama to Continue as Official WTCC Tire Supplier
Last week, following an invitation to tender, the FIA World Motor Sport Council appointed the Yokohama Rubber Company to supply the control tyre for the 2008 and 2009 FIA World Touring Car Championships.
2007-07-05 BFNAT Launches Safety Scholars Video Contest
Bridgestone/Firestone North American Tire (BFNAT) has launched its Safety Scholars Video Contest.
2007-07-05 Webber: Tyres favour Hamilton
Mark Webber believes that Lewis Hamilton's competitiveness has been aided by the new Bridgestone tyres this season. More experienced drivers have had to adjust to the new specification whilst others like team-mate Fernando Alonso and Ferrari rival Kimi Raikkonen are still getting used to the jump from Michelin to Bridgestone rubber. Thus the Red Bull driver thinks that there has been an element of luck to Hamilton's current 14-point lead in the championship.
2007-07-05 CITExpo Brings World’s Largest Tyre Market Under the One Roof
China, the world’s leading tyre consumer and producer has in recent years gained significant product market share around the globe.
2007-07-03 Nanotechnology Hits: New Yokohama Line Introduced
Yokohama Tire Corp. has introduced the all-new S.drive high performance tire, featuring nanotechnology. Yokohama said the new line is available now through its U.S. distribution centers
2007-07-03 Michelin Trades Investment for Added Work
Groupe Michelin said it plans to spend some 250 million euros – approximately $315 million – on upgrading its tire plants in Germany, contingent on workers there agreeing to work an additional 75 minutes each week without increased pay.
2007-07-03 Michelin Ends Bias Ag Tire Production, Sales
Michelin North America has decided to discontinue producing and selling bias ply agricultural tires in North America, but will “continue to offer a full line of radial tires for both Michelin and BFGoodrich brands,” the company said.
2007-07-02 Falcon Tyres, Sumitomo Signs Technical Assistance Deal
India’s Falcon Tyres has signed a technical assistance agreement with Japanese giant Sumitomo Rubber Industries.
2007-07-02 Kumho’s Vietnam Latex Facility Ready for Production
Preparations to ready Kumho Tire’s US$4 million latex processing facility in Vietnam have reached their conclusion and on June 28 the new plant began operations.
2007-07-02 Michelin Malaysia Anticipating Huge Growth in SUV Tyre Sales
Michelin Malaysia Sdn. Bhd. has its eyes on a 500% growth in SUV tyre sales following the introduction of the Latitude range into the country.
2007-07-02 Pirelli Commemorates 60 Years of Ferrari
Iconic supercar manufacturer Ferrari celebrated its 60th birthday in June 2007 and the tyremaker whose association with the company dates back to Enzo Ferrari’s racing days before World War II was on hand to pay tribute to the legendary marque.
2007-07-02 Punch International Acquires Wheel Manufacturer BBS
Belgium’s Punch International NV, the diversified industrial holding company headquartered in Sint-Martens-Latem, announced on June 29 that it has taken over BBS, the German developer and producer of lightweight wheels for premium segment sports and passenger cars.
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