News for February 2008
2008-02-29
Goodyear near deal on China tire plant: mayor
Top tire maker Goodyear is in final talks to invest more than $1 billion in a manufacturing plant near the Chinese city of Dalian this year, the city's mayor told Reuters on Thursday.
2008-02-29
Allied Waste Picks BFNAT, Bandag
Allied Waste Industries Inc. tapped Bridgestone/Firestone North American Tire and Bridgestone Bandag as preferred suppliers of new and retreaded radial truck and OTR tires.
2008-02-29
Cooper Sees Sales, Profit Improvements
Cooper Tire & Rubber Co. posted 2007 sales of $2.9 billion, up 13.9% vs. 2006, while net income reached $120 million, up from 2006’s loss of $78 million.
2008-02-29
Porsche Team Will Race on Kumho
Kumho Tire USA is now working on a tire development program for the Porsche 911 GT3 RSR.
2008-02-29
Calif. Utility Picks Goodyear
Goodyear has signed a three-year deal to supply tires and tire management support to Pacific Gas & Electric Co.
2008-02-28
Yokohama Rubber Wins Import Injunction of Counterfeit DNA S. drive due to Design Right Infringement
The Yokohama Rubber Co., Ltd., today announced that the Tokyo Customs Office, as of January 18, 2008, accepted the company’s application for import injunction of counterfeit products of its DNA S. drive high-performance tires for passenger cars due to a charge that the counterfeit products infringing Yokohama Rubber’s design rights were sold in Japan.
2008-02-28
Bridgestone Potenza to be offered on new Pontiac models
The 2008 Pontiac G8 performance sedan will use Bridgestone Potenza RE050 À ultra-high performance tires as standard equipment on the G8 GT model and optional equipment on the car's base offering, both in size 245/45R18.
2008-02-28
Moody’s Downgrades Conti’s Long-Term Rating
Moody's Investors Service has downgraded the long-term rating of Continental AG and its units to 'Baa2' following the company’s marked increase in debt and leverage resulting from the 11.4 billion euro acquisition of the Siemens VDO unit.
2008-02-28
Goodyear Dunlop Invests in Next Tread Equipment
Goodyear Dunlop UK has taken delivery of new machinery at its Next Tread truck tyre retreading plant in Wolverhampton.
2008-02-28
Continental Relaunches ContiNetwork CV Tyre Retail Business
Continental has relaunched its ContiNetwork UK commercial vehicle tyre retail operation.
2008-02-27
Bridgestone Showcases its Eco-friendly Products and Projects at Eco-Products International Fair 2008
Bridgestone Corporation is pleased to announce that it will exhibit products for the first time at The 4th Eco-Products International Fair 2008 (EPIF 2008), which will be held for four days in Hanoi, Vietnam from March 1 through March 4, 2008.
2008-02-27
Goodyear Supports TC Debica Truck Tire Expansion in Poland
The Goodyear Tire & Rubber Company today announced that it will ask Polish tire company TC Debica – in which it is the majority shareholder – to nearly triple its commercial tire production for Goodyear from 1,700 to 5,000 tires per day.
2008-02-27
The Goodyear Tire & Rubber Company, PZU Reach Agreement to Make Changes Benefiting TC Debica
The Goodyear Tire & Rubber Company and PZU today announced an agreement that will significantly enhance the value of Polish tire company TC Debica for all of its shareholders and allow for greater transparency to and input from investors.
2008-02-27
Self-healing rubber bounces back
A material that is able to self-repair even when it is sliced in two has been invented by French researchers with Dr Ludwik Leibler.
2008-02-27
Pirelli's ‘Scorpion' for Gravel Making its WRC Debut in Mexico
Pirelli’s new Scorpion tyres will make their first appearance on the opening gravel event of this year's World Rally Championship.
2008-02-27
Fulda Fairs Well in «Which?» Test
The new Fulda EcoControl has been declared one of «Which?» Magazines Best Buy tyres, ranking in the top three in the Supermini tyre test.
2008-02-27
Increase In Share Capital For Nokian Tyres
An increase in the share capital of Nokian Tyres, totalling 186,884 euros, was entered into the Trade Register on February 26, 2008.
2008-02-27
Kumho to Supply Tires for Daimler AG
Kumho Tire Co., Korea’s second-largest tire manufacturer, will supply high-performance tires to Daimler AG.
2008-02-26
CTNA will add 26 sizes to General winter tire line
Continental Tire North America Inc. (CTNA) will add 26 sizes to its General Altimax Arctic winter tire line this year, CTNA officials announced earlier today at a ride-and-drive event near Montreal, Quebec.
2008-02-26
Foundation Stone Laid for New Apollo OTR Plant
Yet another new chapter in the history of Apollo Tyre’s impressive growth was written on February 25 at a foundation stone laying ceremony for the company's new OTR tyre production facility.
2008-02-26
Goodyear to Give Max Technology UK launch at CV Show
Goodyear/Dunlop will be using the 2008 Commercial Vehicle Show (15-17 April) to launch its innovative Goodyear Max Technology ranges to the UK market.
2008-02-26
Pirelli Signs Research Agreement
On February 22 the Pirelli Group signed an agreement to collaborate with Italy’s Piedmont Region, Turin Province, the Municipality of Settimo Torinese and the Politecnico di Torino University in the development of programmes for research and innovation; specifically, the agreement covered the building of a new Pirelli industrial complex in the territory of Settimo Torinese.
2008-02-25
Kumho celebrates 30 years in Europe
Korean tyre giant Kumho established its European base in Frankfurt, Germany in January 1978, so is now celebrating 30 years on the continent. The company's total European sales for 2008 are expected to exceed $1/2 billion.
2008-02-25
Government of Liberia and Firestone Sign Agreement
Firestone Liberia has signed an Amended and Restated Concession Agreement with the government of Liberia.
2008-02-25
Hankook to Raise Prices 10%
Hankook Tire intends to increase its operating profit by 32% this year, a target it will reach through the increased sale of high performance tyres and by raising prices to counter higher raw materials costs.
2008-02-25
Conti Discusses South Africa Power Saving Programme
At its South African operations Continental Tyre SA has, over the course of three years, introduced a range of schemes that have seen power consumption reduced by 10%. The company recently shared details of its activities in this area.
2008-02-25
Uniwheels to Purchase European ATS Alloy Wheel Operations
Swiss based alloy wheel manufacturer Uniwheels has announced it intends to purchase the European interests of Germany’s ATS Group.
2008-02-24
Michelin Hikes Prices in Europe
Groupe Michelin announced prices increases for European customers. The 3.5% increases on consumer tires are set to take effect between Mar. 15 and July 1.
2008-02-23
Deadly Ignorance of Tire-Tread Law
Millions of drivers could be unwittingly endangering lives this winter by driving on perilously bald tires, reveals research by Brake and Green Flag.
2008-02-22
2007 Another Record Year for Conti
Continental AG is boasting its sixth consecutive year of record sales and earnings figures in 2007, and the company’s Executive Board chairman has expressed confidence this favourable pattern will continue.
2008-02-22
Analysts: 2008 Will Be ‘Another Year of Progress for Michelin’
Michelin’s full year 2007 results were “good,” according to a Deutsch Bank analyst note.
2008-02-22
Hankook Stock Jumps Following Morgan Upgrade
Hankook Tire’s share price has “jumped” 5.4% following an upgrade from Morgan Stanley.
2008-02-22
BFNAT adds to Duravis heavy-duty LT/commercial tire line
Bridgestone Firestone North American Tire LLC (BFNT) has added the new Bridgestone Duravis M700 HD to its Duravis line of heavy-duty light truck and commercial tires.
2008-02-21
Maxxis debuts Victra MA-Z4S UHP tire
Maxxis International - U.S.A. has introduced the Victra MA-Z4S, an ultra-high performance, all-season tire.
2008-02-21
A-V Resumes Production at Amtel-Povolzhye Complex
Tyre producer Amtel-Vredestein NV said, in response to press speculation last week, that production at its Amtel-Povolzhye tyre complex was resumed on Feb. 15, due to a temporary suspension in the supply of raw materials.
2008-02-21
CTNA Corporate Headquarters to Move in 2009
Continental announced they will move their corporate headquarters for Continental Tire North America Inc. (CTNA) from Charlotte, N.C., to Lancaster County, S.C., in 2009.
2008-02-21
Goodyear Plant to Expand
The City of Danville has issued a building permit for an expansion at the Goodyear Tire & Rubber Co. plant on Goodyear Boulevard.
2008-02-21
Bridgestone Releases 2007 Financials
Full year 2007 financial results for Bridgestone Corp. were released on January 19, and these figures paint a picture of a healthy year’s trading.
2008-02-20
Sizes Added to Mickey Thompson Line
Cooper Tire & Rubber Co.’s Mickey Thompson unit has added four new 18-inch sizes to its ET Street Radial line.
2008-02-20
Merger? IRL and Champ Appear Close
Speedtv.com has reported that a deal has been reached to merge the Indy Racing League and Champ Car World Series.
2008-02-20
Michelin Expresses Satisfaction Over Toul Factory Agreement
In a statement dated Feb. 18, Groupe Michelin “expressed its satisfaction” following an agreement reached between the company and labour unions.
2008-02-20
Sales, Income Up for Bridgestone
Bridgestone Corp. claimed a 55% increase in net income for 2007, to $1.2 billion, against sales of $31.5 billion for the year.
2008-02-20
Toyo Net Income Muted Despite Healthy Sales
Toyo Tire & Rubber Co. has released details of business performance for the first three quarters of the financial year ending Mar. 31, 2008.
2008-02-20
Titan Builds Prototype 63-Incher
Titan Tire said it has produced its first prototype 63-inch radial OTR tire at its Bryan, Ohio, plant.
2008-02-19
Bridgestone Looks at Murfreesboro for Tech Center
The Murfreesboro Gateway is among the sites Bridgestone Americas Holding Inc. is considering to relocate an Akron, Ohio, technical center, said a local official.
2008-02-19
Tyre Majors Show Interest in India Production
A number of global tyre majors are making their presence felt in India’s tyre market, a market valued by the Business Standard financial newspaper at Rs 190 billion (£2.44 billion).
2008-02-19
European Winter Tyre Slump May Continue in 2008
According to Deutsche Bank’s Equity Research Automotive Group, the dismal year for winter tyres experienced by our German neighbours may well be repeated in 2008.
2008-02-19
Tyrexpo Africa Exhibitor Numbers Up 8% for 2008 Show
It is now less than a month before Tyrexpo Africa 2008 gets underway in Johannesburg, and recent figures tell of an even healthier show than the debut exhibition in 2006.
2008-02-18
Nitto to introduce NT850 Premium luxury touring tire
Nitto Tire U.S.A. Inc. will soon be launching the Nitto NT850 Premium luxury touring tire that will offer all-season performance for a variety of luxury vehicle types such as the Toyota Camry SE, Acura TSX, Infiniti G35 Sedan and VW Jetta.
2008-02-18
Conti May Eliminate 2,000 VDO Jobs
It appears as if Continental plans to reduce the workforce at its VDO automotive electronic unit by 2,000 jobs.
2008-02-18
Bandag Unit Boots Bib, Backs Bridgestone
Speedco, a unit of Bridgestone Bandag Inc., has booted Michelin branded medium truck radials from all of its truck lube and tire locations, replacing them with Bridgestone and Firestone brand tires.
2008-02-18
Nokian to Install Three New Production Lines in Russian Factory
Finnish manufacturer Nokian Tyres has disclosed plans to add three extra production lines to the company’s Vsevolozhsk facility in Russia rather than the previously announced two additional lines.
2008-02-18
Goodyear Using Ads to Lead Race Fans to Daytona
As the exclusive tire supplier of NASCAR's three largest racing series, Goodyear Tire & Rubber Co. unveiled its newest advertising messages to reinforce its leadership role in NASCAR and consumer tire innovation.
2008-02-17
Matador Launches New SUV Tyre
Matador recently launched the MP85 Hectorra. Company representatives described the product an ultra-high performance SUV 4x4 tyre with a new high-speed summer asymmetric tread design.
2008-02-16
Michelin Full-Year Sales & Income up in 2007
In its 2007 financial results, published February 15, French tyre major Michelin has reported increased sales and a markedly higher net income than that of the previous year.
2008-02-15
Sumitomo Rubber Aims at 100% Natural Rubber Tire
Sumitomo Rubber Industries Ltd. has unveiled its current tire technology development and visions.
2008-02-15
Nexen to Add R&D Facility Here
South Korea’s Nexen Tire plans to open an engineering research and development facility in northeast Ohio, likely somewhere in the Akron area.
2008-02-15
New Factory For Colway Production
Following the news that Polish retreader Mark Gum had purchased the retreading equipment and the Colway and Greenway brands, all previously owned by C-Tyres, it has been revealed that the company will build a new factory in Poland to produce the tyres.
2008-02-15
Nokia Displays ‘Tyre Phone’ Concept
If you talk to car tyres as you amble down the street there’s every chance that all is not right in your life.
2008-02-13
Debica Launches Passio 2 Mileage Tyre
Debica has launched a new passenger car tyre aimed at the mileage market. The Debica Passio 2 summer tyre is the latest addition to the Passio product line, which is one of the most popular summer tyres in Poland, according to the Polish manufacturer (owned by the Goodyear group).
2008-02-13
Michelin unveils 'eco-friendly' winter tire
Michelin North America introduced the next generation of its X-Ice winter tire line, the Michelin X-Ice Xi2, earlier today, Feb. 13, at a ride-and-drive event near Montreal, Quebec.
2008-02-13
New Sizes for Drag Radial
Cooper Tire & Rubber Co.’s Mickey Thompson unit has introduced two new sizes for its Pro Drag Radial.
2008-02-12
Hankook Maintains Strong Sales Growth, Margins in 2007
Hankook Tire’s claim to be one of the world’s fastest growing tyre manufacturers was given a boost this week by the release of its 2007 results.
2008-02-12
Pirelli to Buy Back Tyre Unit Share in H1 2008?
For a number of months Pirelli SpA has openly expressed its intention to buy back the 38.9% share in Pirelli Tyre that it sold to a group of six banks in 2006.
2008-02-12
Yokohama Sales, Earnings Up
Yokohama Rubber Co. claimed an 88.1% year-over-year increase in net income, to 25.7 billion yen, through the first three quarters of its fiscal year, which ended Dec. 31, 2007.
2008-02-12
Four Drivers Named Finalists for 25th Goodyear Highway Hero Award
Goodyear has announced the four finalists for its 25th annual North America Highway Hero Award.
2008-02-12
Michelin Gets TWNA Achievement Award
Michelin North America's “Durable Technologies” was won the Technical Achievement Award presented by the Truck Writers of North America.
2008-02-10
Bridgestone Firestone Introduces The Bridgestone Potenza™ RE760 Sport™
Bridgestone Firestone North American Tire, LLC (BFNT) introduced the Bridgestone Potenza RE760 Sport today. The latest addition in the Bridgestone Potenza lineup is on display at the 2008 Chicago Auto Show in the Bridgestone Americas booth (#NH1).
2008-02-10
Bridgestone Potenza G019 Grid Calls Chicago "My Kind Of Town" With Chicago Auto Show Debut
A sporty new member of the Bridgestone brand family of tires made its debut today at the 2008 Chicago Auto Show. The Bridgestone Potenza™ G019™ Grid with UNI-T® technology will be on display through Sunday, Feb. 17, at the Chicago Auto Show in the Bridgestone Americas booth (NH1).
2008-02-08
Toyo Adds 30 Sizes to Lines
Toyo Tire USA Corp. has added 30 new sizes to its lines of passenger and light truck/SUV tires, including to its Proxes, Open Country and Versado products.
2008-02-07
G-Power Claims World Record on Dunlop Tyres
G-Power has claimed that its souped-up BMW M5, the 360-km/h G-Power Hurricane is the fastest in the world.
2008-02-07
BFNAT Safety Scholars Video Contest Kicks Off
What do robots with road rage and text-messaging nutcracker dolls have in common? They were the stars of the teen-created winning videos of the 2007 Safety Scholars Video Contest sponsored by Bridgestone Firestone North American Tire.
2008-02-07
Kumho Develops Specialist Rally-Raid Tyre
Kumho Tyres was ready to steal a march on its competitors by producing a special 18-inch Rally Raid tyre in time for the cancelled 2008 Lisbon-Dakar Rally.
2008-02-06
Goodyear Offers NASCAR Experiences and Scholarships
As the exclusive tire supplier of NASCAR's three largest series, Goodyear Tire & Rubber Co. unveiled the Goodyear Racing and Diversity Program, an initiative the company started to provide high school students with a once- in-a-lifetime opportunity to experience the many career paths offered through the sport of NASCAR.
2008-02-06
Kumho Predicts $1/2 billion in 2008
Kumho established its European base in Frankfurt, Germany in January 1978; now three decades later, the South Korean tyre manufacturer is aiming to celebrate its 30th anniversary with half a billion dollars worth of European sales.
2008-02-06
Conti Tires OE for 2008 BMW Models
Continental will supply tires as original equipment for a variety of 2008 BMW models.
2008-02-06
Michelin Improves Best-Selling Regional Truck Tire
Michelin Americas Truck Tires has taken its best-selling, industry-leading regional tire, the all-position Michelin XZE tire, and made it better.
2008-02-05
Goodyear Announces New Assurance Tire
The Goodyear Tire & Rubber Company announced it will add a third product offering in its popular, award-winning Assurance® line of tires. The announcement was made during the Goodyear Dealer Conference, an annual gathering of the company’s North American retail network.
2008-02-05
Yokohama Tire to Introduce Two New Truck Tires
Two new Yokohama commercial truck tires will make their debut at the Technology & Maintenance Council's (TMC) annual meeting and trade show, Feb. 4-6 at the Orlando Convention Center (Booth 2023).
2008-02-05
Michelin Invests $6.8 Million to Improve Fuel Economy
Michelin is investing $6.8 million in a research and development project focused on further improving vehicle fuel economy by reducing tire rolling resistance.
2008-02-05
Par Logistics and Advantage PressurePro Announce Real Time TPMS
Par Logistics Management Systems, a subsidiary of Par Technology, along with Advantage PressurePro LLC, are pleased to announce the introduction of the first real time tire pressure management system for the transportation industry.
2008-02-05
CSEasy Nominated for Innovation Award
Continental’s CSEasy is apparently causing a stir in the materials handling world.
2008-02-05
Toyo to Increase Prices
Effective March 1, 2008, Toyo Tire U.S.A. Corp. will increase pricing on consumer and commercial products up to 6%.
2008-02-04
DuraSeal in New Goodyear Trailer Radial
Goodyear has added its DuraSeal self-sealing technology to a new line haul radial – the Unisteel G316 LHT.
2008-02-04
Squirrel, Celebs Boost Bridgestone Ads
At $2.7 million for a 30-second slot, Super Bowl ads are a huge gamble for corporations.
2008-02-04
New Passat CC Launched with Self-Sealing Tyres from Continental
The new four-door Passat CC, premiered at the Detroit Motor Show, will roll off the production line equipped with self-sealing Continental tyres.
2008-02-02
Bridgestone Acquires NZ’s Largest Independent Tyre Retailer
Bridgestone has boosted its retail presence in New Zealand through the acquisition of the 19 outlets operated by Tony’s Tyre Service, the country’s independent tyre retailer.
2008-02-01
BFNAT Wants New Tech Center, Akron or Nashville Possible
Bridgestone/Firestone North American Tire wants a new technical center, and is considering either building new facilities in Akron or Nashville, or trying to rehabilitate its nearly 100-year-old existing facility in south Akron.
2008-02-01
Conti to Supply General Lines to Canadian Tire
Continental Tire North America announced a business relationship with mega-retailer Canadian Tire, which will take on two new General tire lines later this year.
2008-02-01
Barrick to Fund Yokohama OTR Tyre Expansion
Further to the Jan. 30 announcement that Yokohama Rubber has signed an OTR tyre supply agreement with Barrick Gold Corporation, the mining giant disclosed it has provided Yokohama with financial assistance to upgrade its facilities in preparation for supply.
2008-02-01
Pirelli Looking at Second Romania Plant
Reports say that Pirelli Tyre plans to build a second plant in Romania, a 200 million euro plant in Slatina.
2008-02-01
Conti Says Profits Have Come to Passenger/LT Side
Continental Tire North America says its passenger/light truck tire division will finish 2007 in the black for the first time in a decade.




