Coalition Agreement Between CDU/CSU And SPD Fundamentally Sets The Right Priorities, Says WDK
- By TT News
- April 11, 2025
The German Rubber Industry Association (wdk) has said in its latest statement that the coalition agreement between the CDU/CSU and the SPD essentially establishes the correct goals from the standpoint of the German rubber industry.
The promises to technical openness in the automobile sector, to cutting bureaucracy and to a risk-based approach in chemicals policy are undoubtedly welcome, according to Michael Klein, President, wdk. He said that the Supply Chain Due Diligence Act's announced repeal is a significant step towards reducing the burden on businesses and will satisfy the rubber industry's requests during the election campaign.
Praising the announced support for the circular economy, he said, "Waste tyre recycling, in particular, is a prime example of the diverse and successful possibilities of using recycled materials and tyre retreading. The coalition partners would have liked to have highlighted rubber products more clearly here. The promises to reduce bureaucracy are also in line with the demands of the business community. This is especially true for bureaucracy practice checks, which were proposed by the wdk."
But before any real action is done, he also warned that nothing is as it seems because prior government coalitions have also pledged to lessen the various reporting obligations. The executive lamented that the coalition agreement did not specifically target energy-intensive, industrial SMEs and made no mention of market monitoring, although applauding the announced relief for industry from high energy costs.
"Now it's important to breathe life into the letter of the coalition agreement and implement the agreed measures promptly and in close dialogue with the business community. The German rubber industry is happy to provide its expertise for this purpose and will continue to closely and critically monitor the implementation of the agreements,” concluded the wdk President.
Apollo Tyres Celebrates 20 Years Of Vredestein Heritage At Ennstal-Classic
- By TT News
- August 06, 2026
Apollo Tyres Ltd has marked two decades of collaboration between its Vredestein brand and the Ennstal-Classic, following the conclusion of the 2026 edition of the prestigious European historic rally. The event, held from 22 to 25 July, reinforced a partnership that has endured since the brand’s acquisition by Apollo in 2009.
This year’s rally featured nearly 200 historic vehicles traversing a 1,000-kilometre Alpine route, attracting motoring enthusiasts from across the continent. A central feature of the ongoing affiliation is the Vredestein Youngster Trophy, a category designed to foster interest in classic cars among younger participants.

Beyond event sponsorship, Apollo Tyres continues to expand its Vredestein Classic tyre portfolio, introducing new sizes and advanced materials for contemporary safety and performance. The comprehensive range, including Sprint Classic, Sprint+, Grip Classic, Snow Classic, Transport Classic and Quatrac Classic, offers period-correct styling for a wide array of vintage passenger cars, sports cars, commercial vehicles and 4x4s.
Udyan Ghai, Group Head – Marketing, Apollo Tyres Ltd, said, “This event brings together some of Europe’s finest historic vehicles and gives us the opportunity to share our passion for automotive heritage. Through our support of the Vredestein Youngster Trophy and continued investment in our Classic tyre range, we are helping enthusiasts enjoy their classic vehicles safely in all conditions.”
Goodyear Reports Lower Q2 Sales As Volumes Decline Despite Stronger OE Market Share
- By Sharad Matade
- August 06, 2026
Goodyear Tire & Rubber Company reported lower second-quarter 2026 sales and earnings as weaker tyre volumes, higher tariffs and inflation weighed on performance, although the company said market conditions showed signs of stabilising and original equipment (OE) market share improved across all regions.
Net sales fell 4.8 percent year on year to USD 4.3 billion, while tyre unit volume declined 4.0 percent to 36.5 million units. On an organic basis, sales were down 1.4 percent, primarily due to lower volumes. The company said the decline improved from the 12 percent year-on-year volume drop recorded in the first quarter as destocking pressures eased.
Goodyear reported a net loss of USD 204m, compared with net income of USD 254 million, in the same period last year. Adjusted net loss widened to USD 177 million, from USD 48 million a year earlier.
Segment operating income declined to USD 36 million from USD 159 million in the second quarter of 2025. Excluding the impact of divestments, operating income fell by USD 79 million, reflecting lower volumes, higher tariffs and other costs, and inflation. These factors were partly offset by favourable price and product mix relative to raw material costs, together with USD 95 million of benefits from the company's Goodyear Forward programme.
"We delivered second quarter results in line with our expectations, reflecting continued improvement in Asia Pacific and EMEA," said Mark Stewart, Chief Executive Officer and President.
"We're taking actions to improve performance in a competitive environment by strengthening our product lineup, building on original equipment growth across regions, and optimising our manufacturing footprint. These actions are designed to strengthen our competitive position and deliver stronger profitability over time."
In the Americas, second-quarter sales declined 10.5 percent to USD 2.4 billion, while tyre unit volume fell 8.7 percent. Replacement volumes dropped 13.0 percent, although OE volumes increased 8.7 percent as the company gained market share. The Americas business reported a segment operating loss of USD 10 million, compared with operating income of USD 141 million a year earlier.
The company said its planned closure of the Fayetteville, North Carolina facility is expected to improve Americas segment operating income by about USD 90 million in 2027 and approximately USD 270 million annually from 2028 as part of its manufacturing footprint optimisation strategy.
In Europe, Middle East and Africa (EMEA), sales increased 2.1 percent to USD 1.4 billion, supported by favourable pricing, product mix and currency, despite lower tyre volumes. Segment operating loss improved to USD 17 million from USD 25 million in the previous year.
The Asia Pacific business delivered the strongest regional performance, with sales rising 8.1 percent to USD 496 million and tyre unit volume increasing 5.3 percent. Segment operating income rose to USD 63 million, up from USD 43 million a year earlier, supported by stronger demand, favourable price and mix, and benefits from the Goodyear Forward programme.
Giti Tire Endorses Euro 7 Tyre Abrasion Standards
- By TT News
- August 06, 2026
Giti Tire has characterised the upcoming Euro 7 emissions framework as a validation of its existing research trajectory rather than a disruptive regulatory hurdle. Historically, tyre assessments have centred on criteria such as vehicular handling, tread life and fuel economy. The updated European standards introduce a novel parameter by capping particulate matter generated from tyre degradation, thereby acknowledging this source as a major contributor to roadside pollution.
The Singaporean manufacturer, drawing upon more than seven decades of technical experience, has maintained that optimal tyre design necessitates a holistic approach. Engineering teams at the company have long prioritised the synchronisation of tread geometry, rubber chemistry and production accuracy to achieve equilibrium between conflicting demands. Present-day products are expected to deliver secure wet-weather traction, energy-saving rolling resistance, passenger comfort and sustained endurance, all while curtailing material loss over the product's usable life.
Giti’s role as an original equipment partner to global vehicle producers, including German and Chinese automotive leaders, has provided practical insight into the rigorous specifications of contemporary mobility. The company perceives the harmonised testing protocols under Euro 7 as a constructive force that stimulates technological advancement across the supply chain. By establishing clear abrasion thresholds, the legislation motivates engineers to pursue solutions that diminish ecological footprints without sacrificing the protective and responsive qualities that motorists rely upon.
Ongoing internal programmes at Giti are concentrating on next-generation elastomer blends, refined surface patterning, friction reduction for improved efficiency, extended product durability and tighter quality controls during fabrication. These developmental efforts are intended to concurrently address environmental concerns and consumer performance expectations. As the regulatory landscape evolves, the firm remains dedicated to fundamental research that supports sustainable transportation, viewing the Euro 7 mandate as a progressive milestone that reinforces its commitment to future-ready tyre engineering.
Prometeon Tyres Power The MMT EVO5 As MM Technology Launches Its Evolved Rally Truck
- By TT News
- August 06, 2026
Prometeon Tyre Group has marked a significant advancement in its enduring technical alliance with MM Technology following the unveiling of the Czech firm’s latest rally competition truck, the MMT EVO5. As a global manufacturer of tyres for commercial, agricultural and off-the-road sectors, Prometeon continues to solidify its role as a key partner in high-performance motorsport engineering.
The MMT EVO5 emerges as the newest iteration of MM Technology’s rally truck lineage, incorporating direct feedback and performance data from this year’s Dakar Rally. The company, co-founded by two-time Dakar champion Martin Macík Jr, has integrated reinforced chassis components, a more robust cab structure and a newly developed shock absorber setup. These enhancements were formulated through close collaboration with suppliers, reflecting the real-world experience of both the factory team and client squads.
As the exclusive original equipment tyre supplier, Prometeon equips every rally truck produced at MM Technology’s Sedlčany facility. This partnership underscores a mutual dedication to research and development, with the joint engineering programme driving the evolution of Prometeon’s rally tyre range. The progression from the extreme-condition S02 Pista to the current S02 Rally EVO demonstrates this continuous refinement, representing the manufacturer’s most advanced competition tyre to date.

The effectiveness of this collaboration was prominently displayed at the 2026 Dakar Rally, where nine MM Technology trucks entered and eight finished, with six securing top-10 overall positions. Both the MM Technology Factory Team and the ItalTrans Racing Team, running on Prometeon tyres, concluded the event within the overall top nine. Recent intensive testing in the Tunisian desert has further informed ongoing developments for both tyres and the new vehicle. Ultimately, motorsport remains a critical testing ground for Prometeon, where every race kilometre contributes directly to the advancement of future commercial products.
Francisco Nascimento, Head of R&D Product at Prometeon, said, "Our collaboration with MM Technology goes far beyond a technical partnership. It is a genuine joint development programme built around continuous innovation. Having one of the world's leading rally truck manufacturers choose Prometeon as its exclusive original equipment tyre supplier is a source of great pride and enables us to develop our products in the most demanding environments imaginable.
“Martin Macík Jr is an exceptional development driver whose feedback constantly pushes us to raise the bar. Together with the expertise of the MM Technology engineering team and our drive for innovation, we are even more confident in the capabilities of our latest generation of tyres, and are proud to see them fitted as original equipment on the new MMT EVO5 as it embarks on its competitive journey.”

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