German automotive supplier and tyre manufacturer Continental has sold its plant in the Russian city of Kaluga to Russian company S8 Capital, the firm said on Monday. Financial terms and further details of the transaction were not disclosed. The sale also includes a distributorship in Moscow that belonged to the Tires ...
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The 2023 edition of the annual three-day West Africa Automotive Show (WAAS), which is arguably Nigeria’s largest automotive aftermarket trade event, kicked off at the Landmark Event Centre, Victoria Island, Lagos, Tuesday, May 16, 2023. Featuring over 100 exhibitors from within and outside Nigeria, this year’s show witnessed a great improvement ...
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German automotive supplier and tire manufacturer, Continental, reported that its first quarter net income attributable to its shareholders increased 59.6% year-over-year to €382.2 million ($419.5 million) or €1.91 per share from last year. Consolidated sales for the first quarter were €10.31 billion, an increase of 11.1% from last year. The ...
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German car parts supplier Schaeffler on Tuesday reported a decline in earnings before interest and taxes (EBIT) for the first quarter, mainly due to a surge in special items. However, the company, which makes rolling element bearings, recorded a rise in revenue, driven by a firm performance by all segments ...
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This latest version of Mecho’s flagship product will provide even more flexible features and financing options, helping corporate fleet owners and individuals streamline the auto repairs and maintenance process Mecho Autotech, a Nigerian platform providing global automotive spare parts and vehicle repairs and maintenance services, said it will launch a ...
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* Seeks Distributor & Service Provider for Off-the- Road (OTR) Tyre Portfolio for Construction and Mining Applications Goodyear Middle East & Africa (MEA) has announced that it is actively seeking the right distributor and service provider to expand its reach within Zambia and the Democratic Republic of Congo (DRC) ...
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Dunlop Tyres South Africa honoured its top performing independent franchise owners at the recent Dunlop Dealer of the Year 2022 Awards, which were held virtually on 28 March 2023. The prestigious annual awards ceremony celebrated product and service excellence in Dunlop’s four tyre retail categories serving unique areas of the ...
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Bridgestone, a global leader in tyres and rubber, confirms its commitment to endurance racing and its support for some of the top teams that will compete in the 2023 edition of the FIM Endurance World Championship, the ultimate endurance competition for motorbikes. Since 2017, Bridgestone has been part of ...
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The World Engine Remanufacturers’ Council (WERC), of which the Automotive Remanufacturers’ Association (ARA) is the residing President, is one of the newest organisations to join other global association leaders to support the critical global right to repair movement by signing the new right to repair position statement which was released ...
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Sumitomo Rubber South Africa (PTY) LTD (SRSA) is set to inject new life into its Dunlop tyre manufacturing plant in Ladysmith, KwaZulu-Natal, as the production facility marks its golden anniversary this year. The company has lined up a series of exciting investments that will see the plant improve local production ...
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