The Goodyear Tire & Rubber Company has commented on its selection as a GM Supplier of the Year by General Motors during its 26th annual Supplier of the Year awards ceremony on 20 April.
By acquiring a 75 per cent equity stake in high-tech digital prototype company ‘Model Solution Ltd.’, Hankook Tire hopes to benefit from synergies gained by combining the company’s know-how with that of its affiliate, super-size mould equipment company M&K Technology. The tyre maker paid KRW 68.6 billion (£47.3 million) for the stake.
Over the last year or so it has been broadly noted that the SUV/4×4 sector of the tyre market has been impressively resilient. Not just from the relatively local impact of the UK’s Brexit vote and resulting inflation and slump in certain motor vehicle sectors (in the UK at least). The tyre industry’s also been faced with escalating raw materials costs at a global level.
SEOUL, South Korea—Hankook’s management expects profits to rebound in 2018 as the company focuses on increasing its sales of higher value-added products and diversifying its OE portfolio.
Hankook Tire launched its ‘2018 Design Innovation’ project in association with the prestigious UK’s Royal College of Art. The Design Innovation is a project held every two years since 2012 that realizes the infinite possibilities of a tire through designing creative and realistic alternatives to driving.
Starting yesterday, Han-Jun Kim is president and chief executive officer of Hankook Tire Europe. He succeeds Ho-Youl Pae; having served in this capacity since 2014, Pae now returns to South Korea to take over a new role at the company’s global headquarters.
When my mate Scotty uttered that I drove like a woman he meant it as a slur, but the joke is now on him – it turns out that this is an award-winning driving style. The award is a bronze 2017 Epica Award in the online campaigns – automotive category, and was given to Hankook Tire Sweden for a short video highlighting the over-representation of men, and younger men in particular, in Sweden’s road accident statistics.
Hankook Tire has announced John Overing will be the company’s new director of sales and marketing in Canada. Overing will oversee the region’s sales team and will be instrumental in identifying opportunities for growth within the Canadian market.
Overing joins the company with more than 18 years of experience in the tire industry, bringing with him a wealth of knowledge and industry expertise.
SEOUL, South Korea—Hankook suffered double-digit drops in operating income for the quarter and nine months ended Sept. 30, despite increased sales for both periods.
Hankook Tire announced that the company’s Laufenn brand showcases at 2017 SEMA Show for the third consecutive year during October 31st and November 3rd at the Las Vegas Convention Center. The Laufenn brand offers consumers seeking value, quality and style a wide range of quality products to meet a variety of driving conditions. The brand represents both a symbolic and tangible proof point for Hankook Tire’s vision to growth in the global automotive market.