News

Goodyear Tire & Rubber Co. has announced plans to cut 850 jobs at its Danville, Virginia plant by the end of the year. The decision, confirmed by city officials, comes as part of the company’s strategy to refocus the plant on mixing and the aviation sector to enhance its competitiveness.

For the quarter ended December 31, 2024 Apollo Tyres Ltd, on a consolidated level, registered a revenue of Rs 6928 crores, an increase of 5% over the same period last fiscal. Both Indian and European Operations witnessed mid-single digit growths in revenue in the third quarter. For the nine months of the fiscal (April – December), the company’s revenue closed at Rs 19,700 crores, an increase of 3% over the same period last fiscal.

Bridgestone has been chosen by Porsche to develop bespoke tires for its new Macan Electric and Panamera models. Both vehicles are now available with custom-engineered Bridgestone Potenza Sport ultra-high-performance tires. The third generation of Porsche’s sporting luxury sedan, the Panamera, can also be fitted with tailor-made Bridgestone Blizzak LM005 tires—Bridgestone’s first winter original fitment for Porsche.

Michelin strengthens and expands REMIX® 2 to the MICHELIN X MULTI range, the most versatile and best-selling range in Europe. Following on from the X INCITY range for urban transport and the X WORKS range for use on rugged terrain, a second premium hot retreading process is now available for X MULTI sizes 315/70 R 22.5 and 315/80 R 22.5.

Michelin offers its customers a second premium nominative hot retread by collecting their casings and returning them retreaded as REMIX® 2. The expanded REMIX® 2 range is available in France, Benelux, Germany, Austria, Switzerland, Italy, Spain and Portugal.

Continental’s Automotive group sector, already in the process of becoming an independent listed company, has appointed its former head of Quality and Operations, Nino Romano, as its new chief technology officer (CTO). Romano assumed his new role on February 1, 2025. Under Romano’s leadership, the technology and operations areas will be consolidated in the new CTO organization.  

Hankook Tire & Technology announced its financial results for 2024. The company reported global consolidated sales of KRW 9.4119 trillion and an operating profit of KRW 1.7622 trillion based on the global consolidated financial results for 2024. This represents a 5.3% increase in sales and a 32.7% rise in operating profit year-over-year.

This year Falken secured two prizes at AutoZum: First place in the truck sector and third place in the car sector went to the Japanese company. Günther Riepl, Senior Sales Director Austria, Swiss & Eastern Europe at Falken, accepted the coveted prizes from James Tennant, Chairman of VRÖ, Hermann Hladky, Treasurer of VDÖ, and Peter Wondraschek, Deputy Chairman of VRÖ, and stand out against against well-known competitors.

– Giti Tire returns in 2025 as the official race tires for the FRMEC and F4ME, providing teams with the most advanced competition tires developed to deliver top performance, with excellent road grip and stability.

Ford Motor Company is returning to the top tier of prototype sports car racing in the FIA World Endurance Championship (FIA WEC) in 2027 looking to recapture the magic and success of Ford racing nearly 60 years ago.

Ford Performance will lead the charge with a full factory team entering FIA WEC with the aim of once more taking on the sport’s most demanding race – the 24 Hours of Le Mans.

Guill Tool has hired a new sales representative firm. Located in Roswell, Georgia, JCM Plastics Machinery is a plastics and rubber manufacturing equipment representative, covering the Southeastern U.S. territory.