Michelin’s Jean-Dominique Senard Becomes Chairman Of Renault

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With the full backing of all participants in Michelin’s governance system, Jean-Dominique Senard, CEO of the Michelin Group, has agreed to become chairman of the board of directors of Renault, effective Jan. 24.

Media reports announced that Carlos Ghosn had resigned from the role as chairman and CEO of Renault earlier this week, amid his current financial scandal. He had been CEO of the French carmaker since 2005.

Read the source article at Tire Review

Bridgestone buying Tomtom Telematics for 910 million euros

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Bridgestone Europe NV/SA, the Europe Middle East and Africa (EMEA) subsidiary of Bridgestone Corporation, has entered into an agreement with TomTom to acquire its telematics business for a cash consideration of 910 million euros. Michelin had also been named as a suitor for the business when the news that TomTom Telematics was for sale emerged in November 2018 .

Read the source article at Tyrepress

Cooper to cease light vehicle tire production at UK plant

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Cooper Tire & Rubber Company Europe is moving forward with plans to cease light vehicle tire production at its Melksham, UK, facility.

The collective consultation process with employee representatives at the facility, which began in October 2018, has concluded and it is expected that light vehicle tire production will be phased out over a period of approximately 10 months.

Read the source article at Tire Technology International

Continental brings Rugby warehousing operations in-house

Continental Tyre Group Ltd has brought the management and running of its Regional Distribution Centre in Rugby in-house, effective immediately.

According to the company, the decision follows a review of the logistics strategy and corresponding service provision. The decision to “in-source” its warehouse operations will be actioned via the newly-formed Continental Group Logistics company. …

Read the source article at Tyrepress

Bridgestone Names New VP

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Bridgestone Americas has announced that Tom Lehner has been named vice president, government relations, effective immediately. Lehner is responsible for the strategic direction and management of Bridgestone’s government relationships in the US, Latin America and Canada.

Read the source article at Autosphere.ca

Iori Suzuki Becomes Chairman of Toyo Tire Holdings of America

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Iori Suzuki, currently president and CEO of Toyo Tire Holdings of Americas Inc. (TTHA), will add the title of chairman of the company to his title.

Suzuki will continue in his role as corporate officer of the company. He succeeds James L. Hawk, CEO of Toyo Automotive Parts (USA), Inc., and chairman of Toyo Tire North America OE Sales LLC. Hawk concluded his chairman roles on December 31, 2018. He will assume the position of senior advisor to the Toyo Tire group.

Read the source article at Tire Review

AirBoss expanding Kitchener plant

KITCHENER — AirBoss of America Corp. is expanding its capabilities at its Kitchener rubber compounding plant.

The company, headquartered in Newmarket, said it is expanding production in its one million-square-foot plant on Glasgow Street by adding a dedicated white and colour mixing line. In a news release, the company said the new line is expected to increase its market penetration in white and coloured specialty rubber compounds thanks to improved quality and lower production costs.

The new line is expected to be fully operational by March.

Read the source article at Waterloo Region News

Goodyear shuts down in Venezuela, gives tires as severance

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Goodyear Tire & Rubber Co. is halting its Venezuela operations and laying off its local workforce, union officials said mid-December, the latest foreign corporation to close shop in the crisis-torn county.

Employees arrived at the company’s lone plant in the industrial city of Valencia to find it closed with a letter posted on the door, “Goodyear Venezuela has been forced to cease operations.”

Read the source article at driving.ca

Hankook Tire restructures and hires new executives

Hankook Tire is restructuring its organization and has made new executive appointments. The changes will take effect as of January 2019. Plans are to create an IT strategy department to accelerate digital transformation, such as a group IT policy function, as a global company.

The organizational restructuring will include the establishment of a car life business headquarters to secure new growth engines, strengthening the provision of automobile total services, as well as the sales of tires for passenger cars, trucks and buses. In particular, it will create further synergies by expanding business areas in automotive maintenance, repair and related parts through import car dealer business.

Read the source article at Tire Technology International

Toyo changes official name, reshuffles executives

Toyo has made a number of organizational, structural and personnel changes, including an executive reshuffle.

First, the company will change its corporate trade name from Toyo Tire & Rubber Co., Ltd. to Toyo Tire Corporation, effective on 1 January 2019. According to the company, the corporate name change will leverage “getting our business operations rolling with the aim of strengthening governance and achieving further growth, which we will endeavour to implement under a new management structure.”

Read the source article at Tyrepress