Business News

This news section will allow you to find out about takeovers, mergers and other market news within the commercial tyre and fleet management industry.

UK commercial vehicle production falls by -25.6% as 6,761 units leave factory gates in October. Production both for overseas and domestic markets in double digit decline as dual impact of Covid-19 and risk of ‘no deal’ Brexit bring down operator confidence. Shortfall of 11,256 commercial vehicles in first 10 months pulls year-to-date performance down -18.1%. 

UK Automotive warns of Brexit tariff damage as new figures reveal ‘no deal’ would cut vehicle production by two million over next five years. WTO tariffs would strike £55.4bn blow to UK sector by 2025 with annual production falling below one million units consistently. 

Continental and MOIA are joining forces to help deliver the sustainable mobility of the future. The tyre manufacturer is supporting MOIA, a provider of ride-sharing services in Hamburg and Hanover, Germany, with tyres and service, in line with a Conti360° Fleet Solutions Mileage Contract.  

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. 

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. 

 

The Hankook Technodome, the tyre maker’s state-of-the-art research and development centre, has been honoured as one of the most exemplary laboratories in the field of safety management. The Ministry of Science and Information and Communication Technology (ICT) in Korea only awards this title to laboratories that have been assessed by renowned experts under strict scientific criteria. Hankook is the first tyre maker receiving this certificate in Korea. 

 

Giti Tire is celebrating a short but successful 2020 truck racing calendar with events in Germany, Britain and Poland delivering impressive results.  

UK HGV market dips by 138 units to 8,419 in Q3 after turbulent first half of the year. Demand for rigids up by 12.6% mirroring demand for essential delivery services and construction as lockdown measures eased over the summer. Market currently down -39.6% year to date, representing a drop of more than 14,000 units. 

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. 

Speedline Truck complements its range of forged light alloy wheels, presenting the SLT 3698 – the first forged light alloy wheel for trucks in 22,5x9,75” to better meet the more “extreme” needs of megatrailers. 

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