Supervisory Board appoints Nikolai Setzer, as Continental’s new Executive Board chairman effective December 1, 2020. Setzer succeeds Dr. Elmar Degenhart, who, as already announced, is stepping down from his position prematurely for health reasons. Setzer will continue in his position as spokesman of the Automotive Board.
Breaking News
Recircle Awards 2021: Nominations Shortlist Announced
Valebridge Media Services (VMS), the Crewe, UK and Madrid, Spain-based media services agency, has announced the shortlist of nominees for the inaugural Recircle Awards 2021, the recently launched awards event recognising sustainable innovation, production processes, management and services within the tyre retreading and recycling industries.
Hankook Listed in DJSI World for the Fifth Consecutive Year
Hankook is again featured in the world-renowned Dow Jones Sustainability Index World. The DJSI World recognises Hankook’s sustainability management commitment, especially in the areas of Social Contribution and Supply Chain Management. Hankook has been included in the DJSI World since 2016, and is the only Asian company in the automotive supply industry to have been recognised in 2020.
Nokian Tyres Again Included in the Prestigious Dow Jones Sustainability Indices
Nokian Tyres has been included in the Dow Jones’ DJSI World sustainability index for the fourth consecutive year. The company was also selected for the more strictly defined DJSI Europe index.
Kerr’s Tyres Group Acquires Roundabout Tyre & Battery Service
Northern Ireland tyre management specialists Kerr’s Tyre’s & Auto has acquired Belfast based Roundabout Tyre & Battery Service for an undisclosed sum.
Hankook Tire Announces Financial Results for the Third Quarter of 2020
For the third quarter of 2020 Hankook Tire reports an increase of global sales and operating profit by 2.8% and 24.6% respectively year-on-year, and by 38.3% and 220.5% compared to the previous quarter. This recovery is mainly attributed to increased sales of replacement tyres in major regions such as Europe, North America, and China. It was also driven by increased sales of OE tyres as well as high-inch tyres of 18 inches or above in China. The company’s Laufenn brand product portfolio is also a key contributor to driving demand from customers seeking both quality and competitive price.
Hankook Tire Wins Gold at the 2020 Galaxy Awards
Hankook Tire has received gold at the 2020 Galaxy Awards for its CSR Report 2019-20.
Pneuhage Produces Millionth Truck Retread
Pneuhage, the Karlsruhe, Germany based tyre dealer and retreader, has announced that it has manufactured its millionth retread since the company’s plant first opened in 1988.
Recircle Awards 2021: Marangoni Group Named as Official Trophy Sponsor
Valebridge Media Services (VMS), the Crewe, UK and Madrid, Spain-based media services agency, has announced that the Marangoni Group has been named as the Official Trophy Sponsor for the inaugural Recircle Awards 2021.
UK New Van Market Accelerates 26.4% in September, but Uncertainty Ahead
UK new van market grows by 26.4%, following a weaker than usual month last year due to emissions regulation changes. Registrations of most segments show double-digit growth against last year’s low volumes. Market still below ‘normal’ levels, down -6.6% on previous five-year September average. Performance year-to-date remains down -27.4%, a shortfall of almost 80,000 units.