Latest news with #tyres
BBC News
16 hours ago
- Climate
- BBC News
Multiple crews deal with Warwickshire tyre fire near new homes
Firefighters are dealing with a blaze involving about 200 tyres near to new housing estate. Warwickshire Fire Service said it was called to reports of a large fire on Birmingham Road in Ansley at 13:15 BST on Friday. On arrival, three fire crews found the tyres well alight, however the fire was quickly brought under service added that the fire was ongoing and it had caused damage to overhead power lines and electricity supply in the nearby area could be affected. Lyndon Hughes-Marriott was working in a garden nearby when spotted large plumes of smoke. "It was terrible, it looked like a major building, or an old factory was on fire," he said. Mr Hughes-Marriott added: "You couldn't see anything else along the road". The fire service said Birmingham Road, which had been closed, had since reopened. Follow BBC Coventry & Warwickshire on BBC Sounds, Facebook, X and Instagram.
Reuters
4 days ago
- Automotive
- Reuters
Continental revises down profitability targets on trade turbulence
BERLIN, June 24 (Reuters) - German car parts supplier Continental ( opens new tab revised down profitability targets for its core tyre business and with it the broader group on Tuesday, pointing to currency effects and increasing trade barriers. The company now sees its 2025 adjusted EBIT margin for tyres in a range of 12.5 to 14%, compared with a previously forecast 13.3-14.3% range, it told investors at the group's capital markets day. The adjusted EBIT margin for the group this year is now expected to fall in a range of 10 to 11%, compared with a previously forecast 10.5-11.5% range. The new outlook takes into account current U.S. import tariffs, the company said. Continental also confirmed plans to sell its ContiTech division next year, as it works to pare back the company into a pure-play tyre maker. "Unfortunately, the reasons for our internal transformation are also increasing every day," CEO Nikolai Setzer told reporters, pointing to macroeconomic challenges for the industry and geopolitical turbulence, with tariffs weighing on its supply chain. The company is also planning a spinoff of its automotive business, under the new name Aumovio, with a planned listing in September. "We already have a date. Our preparations are taking very firm shape," CFO Olaf Schick said, adding that Aumovio would announce details in due course.
Reuters
20-06-2025
- Business
- Reuters
Pirelli boss says issues with China's Sinochem will be fixed
MILAN, June 20 (Reuters) - Pirelli ( opens new tab chief Marco Tronchetti Provera said on Friday the tensions at the tyremaker involving China's state-controlled Sinochem ( opens new tab, its main shareholder, are on the way to being resolved. Sinochem, which owns a 37% stake, has crossed swords with the company and its second largest shareholder Camfin, which claim that a large Chinese presence in Pirelli poses a threat to its ambitions to expand its business in the United States. Tronchetti Provera, Pirelli's executive vice chairman, controller of Camfin and de facto top boss, said at a conference in Milan that the company was on the right track towards a positive outcome.
News.com.au
13-06-2025
- Sport
- News.com.au
Adrenaline pumping and tyres burning – Red Bull Show Run hits up Bulgaria's capital city of Sofia with a bang
Adrenaline pumping and tyres burning - Red Bull Show Run hits up Bulgaria's capital city of Sofia with a bang
Daily Mail
13-06-2025
- Automotive
- Daily Mail
After 50 years I have finally given up smoking... and it's transformed my life in the most surprising way: ALEXANDRA SHULMAN
Rushing to my local garage the other day to fix an urgent tyre issue, I was met by the rich, heavy scent of the mechanic who came to help. Not petrol, diesel or oil, but, it turned out, the ambergris, jasmine and cedar scent he always wears. Maison Francis Kurkdjian, to be precise, which he buys from Selfridges at £480 a bottle.
