Goodyear acquires tire tech company Ventech Systems

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Goodyear Tire announced today that it has agreed to acquire Ventech Systems, an automated tire inspection technology company, from Grenzebach Maschinenbau.

Ventech Systems (https://ventech.de/en), based in Dorsten, Germany, delivers innovative measuring devices for the vehicle industry. The company was founded in 2006. It provides a fully-automated tire inspection system that quickly and easily checks tire pressure, tread depth and vehicle weight for buses, trucks, cars and other vehicles.

Read the source article at Traction News

Goodyear to buy German tire inspection technology firm

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AKRON — Goodyear is pushing further into the fleet management business by agreeing to buy Ventech Systems G.m.b.H., a Germany-based developer of automated tire inspection technology under the trade name PneuScan.

Read the source article at Tire Business

Zenises denies Doublestar acquisition rumours

Zenises Group CEO, Harjeev Kandhari has denied rumours emanating from the Spanish market that Chinese tyremaker Doublestar has bid as much as 250 million euros for the company. Doublestar and Zenises entered into a European joint venture in October 2016.

Read the source article at Tyrepress

European automakers offer conditional 20% cut in CO2 by 2030

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FRANKFURT — European carmakers offered a further 20 percent cut to average carbon dioxide emissions in the next round of EU goals currently being drawn up, but said full compliance should wait until 2030 and remain conditional on consumer uptake of electrified cars. The proposal was announced at the Frankfurt auto show by Dieter Zetsche, CEO of Daimler and president of the European manufacturers’ association, ACEA.

Read the source article at Automotive News Europe

Suppliers adjust powertrain plans as pressure mounts on combustion engines

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Tucked deep inside the German countryside and surrounded by rolling hills, Robert Bosch’s Boxberg proving ground has some of the cleanest air in the country. Therefore, when one of the supplier’s top executives used the idyllic backdrop to speak out against a crackdown on excessive smog 100 km away in the company’s home town of Stuttgart, the contrast was notable.

Read the source article at Automotive News Europe

Goodyear Announces New Senior Leadership Roles

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Goodyear Tire & Rubber Co. has named Chris Delaney as president of Goodyear’s Europe, Middle East, and Africa business unit; Ryan Patterson as president of Goodyear’s Asia Pacific business unit; and Scott Rogers as the new North America consumer business.

Read the source article at Tire Review

Global tire rankings: Bridgestone reigns supreme again

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AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.

Read the source article at Tire Business

Pirelli to sell 40 percent stake in Milan market comeback

MILAN (Reuters) – Italian tyremaker Pirelli, bought by state-owned China National Chemical (ChemChina) two years ago, will sell up to 40 percent of its equity capital in an initial public offering as it plans to return to the Milan stock exchange in October.

The relisting of the world’s fifth-largest tyremaker will test demand for a streamlined firm that focuses on high-end consumer tyres, after the company’s less profitable truck and industrial tyre business was folded into a unit of ChemChina[CNNCC.UL].

A confidential study prepared by analysts at Banca IMI, one of the global coordinators for the IPO, valued the group’s equity at between 7.6 billion and 8.7 billion euros ($9 billion – 10.4 billion).

Read the source article at reuters.com

Bridgestone to benefit as part of £500 million Aston Martin UK-Japan trade deal

Aston Martin Lagonda has agreed a trade and investment deal between the United Kingdom and Japan worth up to £500 million over the next five years of its second century business plan. The investment program was announced by Dr Andy Palmer, Aston Martin president and chief executive officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May.

Read the source article at Tyrepress

Aliapur targets cement industry

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LYON, France—French scrap tire management company Aliapur is launching an international media campaign to promote the use of its tire shreds as an alternative fuel for the cement industry.

Read the source article at Rubber and Plastics News