124,000 125,400 1 Free cash flow: net cash from operating activities less net cash used in investing activities, adjusted for net cash flows relating to other financial assets, before distributions. 2 At period-end. Covid-19: impact of the health crisis on the Group’s financial position at June 30, 2020 Review of the information released by the Group during the first six months of the year On February 10, 2020, the Group issued its guidance for 2020 excluding any impacts from a systemic crisis caused by Covid-19. On March 18, 2020 at 6:10 pm CET, the Michelin Group …
Bridgestone and ETB Autocentres have announced the launch of an all-inclusive monthly tyre subscription service called MOBOX, which promises to create convenience and an added peace of mind for motorists everywhere.
A MOBOX subscription offers new tyres, full warranty and other premium vehicle-related services – all from as little as £7 per month – and is available initially in five pilot stores prior to rolling out across all thirty-one network centres.
Following on from its initial survey on the impact of COVID-19 on business conditions in the automotive aftermarket, conducted April 20-May 8), AIA Canada has released the results of a second study.
Conducted between June 1 and 12, 2020, the study targeted aftermarket business owners and employees across the country, including parts manufacturers, retailers, wholesalers, warehouse distributors, collision centres, mechanical service shops and quick lube centres.
Continental has introduced two new Tire Pressure Monitoring System (TPMS) tools that are designed to help shops optimize their investment in TPMS and tire service. With the Autodiagnos TPMS D and SE Tools , professional technicians can handle all of the TPMS and tire service requirements of their customers.
Cooper Standard today announced the following changes to its Global Leadership Team, effective August 1: …
“With Patrick, Chris and Bill in these crucial global roles, Cooper Standard is well positioned to drive our business and deliver for our stakeholders,” said Jeffrey S. Edwards, chairman and CEO, Cooper Standard. “We’re proud of the strength and capabilities of our leadership team which enables us to shift these key functions to existing internal talent while maintaining world-class service to our customers.”
Bridgestone says the Bandag MaxTread line features Bandag retreads as a stand-alone, single unit tire solution, rather than a traditional tire cap and casing offering. The line includes trailer, drive and all-position fitments for light truck, waste, long haul, severe service and pickup and delivery applications.
AKRON, Ohio , June 8, The Goodyear Tire & Rubber Company (NASDAQ: GT ), through its innovative fleet servicing platform, AndGo by Goodyear, is providing on-demand and on-location professional vehicle services for Turo, the leading peer-to-peer car-sharing marketplace. The AndGo by Goodyear offer for Turo hosts is currently available in Southern California , with more markets coming soon.
Indian tyre major JK Tyre has announced commencement of operations in the United States. JK Tyre has set up a new entity – Western Tires INC, based out of Houston, Texas, thereby embarking upon a plan to expand its reach globally.
JK Tyre has been exporting to the US for over past two decades through a network of local partners and with the acquisition of JK Tornel. The exports were also aided by enhancement of capacity at JK Tyre India. Moreover, the move was motivated thanks to a steady growth in the global markets including US. With the formation of Western Tires INC, the company now has its own marketing arm for the US that will focus on sales, service and network expansion. The after-sales service will be backed by a team of technical experts from India and Mexico.
Fleet management company Ryder System has picked Goodyear as its preferred North American tire supplier from January 1, 2021.
The partnership will provide fleets with tires, with Ryder’s 800 service and maintenance locations across the USA and Canada working with Goodyear’s 2,300 locations.
Continental, a leading manufacturer and supplier of OE and aftermarket tire pressure monitoring systems (TPMS) and the innovator of the VDO REDI-Sensor Multi-Application TPMS Sensors , is offering a free webinar series dedicated to TPMS technical training for professional automotive technicians and parts professionals. Called TPMS – 2020 Vision, the training series will be conducted by Continental’s TIA certified (Tire Industry of America) technical training specialists.