Aftermarket

ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned....
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Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid....
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Pirelli to be bought by ChemChina in $7.7 billion deal

March 23, 2015 09:37 CET

China National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle....
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NICK GIBBS

BLOG: How Michelin may give Europe's SUV craze even more traction

12:01 am U.S. ET | March 13, 2015

Michelin has developed a tire that could give even more traction to Europe's SUV craze....
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BEST PRACTICES

Maine store's free tires bring customers back

12:00 pm U.S. ET | Jan. 22, 2015

Stanley Subaru gives its new-vehicle buyers a benefit it calls "Tires for Life."...
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GM issues stop-sale on crossovers for problem with Goodyear tires

10:22 am U.S. ET | Jan. 22, 2015

General Motors has told dealers to stop delivery of about 6,300 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave crossovers because of a pending recall to replace tires that are prone to cracking....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Michelin CEO aims to win share from Chinese rivals

Jan. 21, 2015 07:48 CET

Michelin aims to counter rising pressure from low-cost Chinese brands in Europe and North America by increasing the number of cheaper tires it offers from budget subbrands, the tire maker's CEO, Jean-Dominique Senard, told Automotive News Europe....
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White House rolls out tire safety, efficiency program with NASCAR

3:40 pm U.S. ET | Dec. 10, 2014

The White House rolled out a new program aimed at getting American consumers to buy tires that will enable cars to get better mileage and take better care of them to cut down on tire-related crashes....
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GET A GRIP

For mpg gains, tiremakers deliver -- consumers shrug

12:01 am U.S. ET | Dec. 1, 2014

The auto industry is putting improved tires onto cars these days, but consumers aren't so sure they like the results. It is a rare disconnect between industry ingenuity and consumer stubbornness -- and neither the automakers nor their tire suppliers can do much to correct it at the moment....
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Tire tech keeps eye on distance and pressure

12:01 am U.S. ET | Dec. 1, 2014

Under pressure to help automakers hit higher fuel economy targets, tire companies are championing new technologies. Those technologies are taking many different forms....
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Michelin to double budget-tire sales to counter Chinese

Nov. 28, 2014 06:01 CET

Michelin will nearly double the proportion of budget tires in its global sales mix to as much as 30 percent to counter the huge rise in Chinese imports sold in Europe and the U.S., CEO Jean-Dominique Senard told Automotive News Europe....
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NICK GIBBS

BLOG: Michelin gains from homegrown distrust in China

6:22 am U.S. ET | Nov. 26, 2014

European sales of cheap Chinese tires are growing fast, but in China suppliers such as Michelin are winning customers who don't trust homegrown tire makers....
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Harold Coker, founder of antique tire maker Coker Tire, dies at 84

4:55 pm U.S. ET | Nov. 17, 2014

Harold Coker, founder of Coker Tire in Chattanooga, which produces tires for antique vehicles, died Sunday. He was 84....
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Chrysler recalls 33,443 light trucks in U.S. for tire pressure issues

9:30 am U.S. ET | Oct. 30, 2014

Chrysler Group said that it was recalling 33,443 light trucks in two separate campaigns to prevent false warnings from the tire pressure monitor systems....
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BEST PRACTICES

Maine store's free tires bring customers back

12:01 am U.S. ET | Oct. 6, 2014

Stanley Subaru gives its new-vehicle buyers a benefit it calls "Tires for Life."...
Read More »

AutoNation partners with Hennessey on performance upgrades

4:13 pm U.S. ET | Sept. 24, 2014

AutoNation, in a move to cater to the tuner crowd, began providing customers with performance upgrades at its 27 Chevrolet dealerships this month through a new partnership with aftermarket tuning house Hennessey Performance....
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Michelin seen missing 2014 sales goal, report says

Sept. 23, 2014 11:37 CET

Michelin may miss its goal of boosting sales by 3 percent this year on weak European and emerging markets, a French daily reported, citing the company's finance chief Marc Henry....
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European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET

The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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Federal-Mogul agrees to buy TRW engine valve unit for $385 million

9:23 am U.S. ET | Sept. 10, 2014

Federal-Mogul said today it agreed to acquire the engine valve business from TRW Automotive Holdings for $385 million in cash. TRW's engine valve unit generated revenue of $610 million last year and employs 5,400 people in 12 countries....
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Regulators' sweep threatens auto parts business model

Aug. 25, 2014 12:32 CET

Suppliers who have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of more than 80 million vehicles, are now being exposed in a worldwide sweep by regulators....
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Suppliers see promise in China's aftermarket

12:01 am U.S. ET | Aug. 5, 2014

The global replacement parts business likely will become even more appealing to automotive suppliers. In emerging markets, and especially in China, many new vehicles sold in recent years now need replacement parts....
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Hyundai will pay dealers who get shops to buy genuine parts

12:01 am U.S. ET | Aug. 4, 2014

To win sales away from the aftermarket, Hyundai has started an incentive program for U.S. dealers who sell certain Hyundai replacement parts to body shops....
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Mike Alexander, legendary custom-car builder, dies

12:01 am U.S. ET | July 28, 2014

Mike Alexander, half of a Detroit-area brother duo who became famous for their custom cars, died July 18. He was 80....
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Tire makers roll into South Carolina

12:01 am U.S. ET | July 19, 2014

South Carolina became the nation's leading tire producer in the fourth quarter last year with estimated daily output of 89,000 tires, edging Oklahoma's 88,000 units....
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Federal-Mogul takes aim at 'cheap' aftermarket parts from China

8:00 am U.S. ET | May 22, 2014

Federal-Mogul, saying its Champion spark plugs and other aftermarket parts are losing out to “cheap” products from China sold by big retail chains, is fighting back. The diversified parts supplier said today its aftermarket division will be renamed Federal-Mogul Motorparts. A crew of newly hired technicians will visit stores and service shops to tout the benefits of Wagner brake products, ANCO wiper blades and other components....
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