Increased permissible weights for commercial vehicles in Europe is driving demand for high load truck tyres, and in response Goodyear has launched new mould cure retread High Load (HL) trailer tyres. The new retreads are the TreadMax KMAX T HL and TreadMax SP246 HL, both in size 385/65R22.5.
Toyo Tire U.S.A. Corp. is expanding its Open Country Line to include F-load range tires.
“At Toyo Tires we are committed to creating innovative products and solutions to address the needs and expectations of the off-road community and specialty dealers,” said Conrad Galamgam, senior director of product planning at Toyo Tire U.S.A. Corp. “These new F-load range tires enable truck owners to get the tire performance and look they desire, while meeting or exceeding the load-carrying requirements of their trucks.”
The new higher carrying capacity tires are available in the Open Country M/T, Open Country …
Automakers sold 1.56 million new cars and trucks in March, a 1.6% decline compared with the same month a year ago. U.S. auto industry sales fell short of expectations in March as car sales continued to plummet, raising concerns about rising incentives and bloated inventory even though the pace of new car sales remains robust from a historical standpoint. Automakers sold 1.56 million new cars and trucks in March, a 1.6% decline compared with the same month a year ago.
In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.
The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.
Another key development is the 600 million euro refinancing of PTG with a 3 year duration (which may be extended for two additional one-year terms). This new refinancing deal has reportedly been agreed and signed with major global banks in a bid to ensure Pirelli Industrial’s financial independence. Around 50 per cent of PTG’s refinancing will be used to repay the debt against Pirelli, accelerating its deleveraging process.
Put all this together and we can now see that both Pirelli units remain owned by Marco Polo. However, the industrial and consumer units are truly independent in legal terms. Marco Polo is owned by CNRC/ChemChina (which holds 65 per cent), Camfin (which holds 22.4 per cent) and Long Term Investment (which holds 12.6 per cent). See diagram one for details of how Pirelli’s consumer and industrial operations have been split during March 2017.
Giti Tire has released details of the six new Giti branded patterns that will be launched at CV Show 2017 (Birmingham NEC, 25-27 April). On show at stand 4G20 will be the GDR655 combi-road drive in 22.5”; the GTL919 long-haul trailer in 17.5”, 19.5”, and 22.5”; the GDR638 regional drive in 17.5” and 19.5”; the GT867 all-position urban in 22.5”; and the GAM837 all-position and GAM851 trailer mixed service patterns in 22.5”.
The manufacturer said these models have been carefully selected to support its growing OEM presence throughout Europe or to target specific aftermarket sectors where growth potential has been identified. They each carry either the three-peak mountain snowflake (3PMSF) or M&S marking.
Hefei, China – Continental has opened a €250-million expansion of its tire plant in Hefei, Anhui province, according to local government websites.
Phase 3 of the Hefei expansion project started in November 2015. It is expected to increase passenger car tire capacity from 5 million units/year today to 14 million units/year by 2019.
By May 2015, the company had produced 10 million passenger car and light truck tires, mostly for the China market.
GREENVILLE, S.C., March 29, 2017 /PRNewswire/ — Michelin has been awarded top honors in all four segments of the 2017 J.D. Power Original Equipment Tire Customer Satisfaction Study. The four new awards in 2017 raise Michelin’s win total to 84 all-time since the J.D. Power tire study began in 1989. This tally represents four times more awards than all other tire manufacturers combined.
Michelin swept the industry’s top honors in the Luxury, Passenger Car, Truck/Utility and Performance Sport segments. It was the company’s 14th consecutive highest ranking in the Luxury category, ninth consecutive top ranking for Passenger Car and second consecutive top ranking in the Truck/Utility category.
“Michelin has always been committed to providing our automotive manufacturing partners with a premium product that meets their performance and safety needs,” said Nicolas Duriez, vice president of operations for passenger and light truck original equipment tires, Michelin North and South America. “It is great to see our close collaboration validated by our partners’ most important customers – the purchasers of new vehicles.”
The 2017 U.S. Original Equipment Tire Customer Satisfaction Study is based on responses from more than 29,622 original owners of 2015 and 2016 model-year vehicles. Satisfaction is examined in four measures: tire wear, tire ride, tire appearance and tire traction/handling. The study was fielded in October through December 2016. More information about the 2017 O.E. Tire Customer Satisfaction Study can be found HERE.
Pirelli has unveiled its new truck, agricultural and off-the-road tire lines at the Mid-American Trucking Show in Kentucky.
Pirelli announced last year it planned to enter the commercial truck tire market and gave the industry its first glimpse at their initial range at MATS, the world’s largest annual heavy duty trucking show. Here’s everything Pirelli has told us about their North American range.
- PENTATHLON D — a premium long haul drive tire
- G:85 SERIES FOR ON/OFF ROAD
- FH:01 MOTOR COACH
- FORMULA DRIVER II ALL POSITION RIB
PHOENIX — GITI Tire (USA) Ltd. is supporting an effort to raise money for Truckers Against Trafficking, a non-profit devoted to stopping human trafficking by educating, mobilizing and empowering the nation’s truck drivers and rest stop employees.
Cooper Tire and Rubber Company has added a long haul drive tire to its Roadmaster commercial truck tire line.
Cooper says the Smartway verified RM852(EM) has “a unique tread compound and 30/32nds of tread to provide long-lasting mileage and features a solid shoulder design to offer improved traction in challenging weather.”
The tire features 3D Micro-Gauge siping with full-depth and variable sipe density to help maintain wet traction and stability.