Continental's Supervisory Board has approved the proposed spin-off of Automotive and advised the 2025 Annual Shareholders' Meeting to approve this move as well. According to the Supervisory Board's decision, the new independent firm must have EUR 1.5 billion in cash funds before the time of the spin-off, subject to this approval, and the two future businesses must have a clear business-related distribution of possibilities and risks. A EUR 2.5 billion revolving credit facility will also be used to bolster the funding of Automotive's operational operations.

The Supervisory Board was also briefed by Continental's Executive Board on the next milestones for the spin-off. Short and mid-term goals for Automotive and Continental (Tires and ContiTech) will be presented at their respective Capital Market Days on 24 June and 25 June 2025. Germany's Frankfurt am Main will host both of these events. As of right now, September 2025 is when Automotive is expected to list on the Frankfurt Stock Exchange. The anticipated allocation ratio is 2:1, meaning that for every two Continental shares held at the time of the spin-off, each Continental shareholder will get one share in the then-listed Automotive firm.

The Supervisory Board of the proposed independent automotive firm will be chaired by Stefan E Buchner, a member of Continental's Supervisory Board. As previously stated, when Automotive spins out, Philipp von Hirschheydt will remain CEO. In light of this, his appointment to the Executive Board of the future firm was accepted by the Supervisory Board today. The Executive Board and Supervisory Board also reached a consensus on Continental's dividend policy for the future during today's meeting. Continental shareholders can anticipate a higher payout of 40 to 60 percent of consolidated net income (previously: 20 to 40 percent). The independent company's intended range is between 10 and 30 percent of consolidated net income, and it will go into effect as soon as the earnings situation permits.

Wolfgang Reitzle, Chairman of Continental’s Supervisory Board, said, “Today, the Supervisory Board unanimously gave the green light for the spin-off of Automotive. This is an important step in Continental’s realignment. Focused companies are significantly more agile and can create more value, especially in a challenging environment.”

Nikolai Setzer, CEO, Continental said, “Thanks to the intensive work of everyone involved, the preparations for the spin-off are well advanced. On this basis and with the approval of the Annual Shareholders’ Meeting, the spin-off can go ahead as planned. As part of this realignment, we are strengthening the independence of all our group sectors: Automotive, Tyres and ContiTech. This will enable them to be even more agile and closer to customers and markets so they can achieve their full growth and value potential.”

Philipp von Hirschheydt said, “I am delighted with the confidence the Supervisory Board has shown in the entire Automotive team and in me personally. Our earnings performance in 2024 proves that we are on the right track and are ready to develop further as an independent listed company.”

Bridgestone is planning to cut jobs at two factories in northern Spain in response to a negative shift in the European market and the growth of non-European goods.

According to a Reuters report quoting local union UGT, the business intends to lay off 546 workers at two plants in Cantabria and the Basque Country in northern Spain that produce tyres for tractors, other farm vehicles, buses and trucks. The report adds that UGT and other unions have declared their intention to call for a strike at the two facilities, but they have not given any specifics.

The company's local unit, Bridgestone Hispania, employs 2,800 people at the moment, according to UGT. Bridgestone stated that it has to modify its production capacity in light of the current market conditions, which are marked by inflation, uncertainty and regulatory changes, says the report.

The Yokohama Rubber Co., Ltd. has expanded its FLAME GUARD series of flame-retardant conveyor belts with the launch of the FLAME GUARD ECO, which offers improved energy-saving performance. This is in line with the company’s medium-term management plan for fiscal years 2024–2026 –Yokohama Transformation 2026 (YX2026) – and aims to solidify its leading share in Japan’s conveyor belt market.

FLAME GUARD ECO is aimed at coal transport lines at ports and thermal power plants, which need conveyor belts that are flame-retardant for fire safety. To enhance energy-saving efficiency, Yokohama Rubber created a new rubber compound utilising technology acquired during the development of its ECOTEX conveyor belts, which have reached world-class power-saving performance. As the belt moves over the rollers, this lessens rubber deformation, which is a component in energy loss. Power usage and running resistance are thereby decreased. FLAME GUARD ECO reduces energy expenses and its environmental effect by lowering carbon dioxide emissions while simultaneously improving operational safety by combining flame resistance and energy economy.

With its self-extinguishing safety feature, the FLAME GUARD series provides flame retardancy with improved wear resistance, resistance to heavy oils and resistance to medium and high temperatures, making the belts suitable for a variety of operating requirements. The FLAME GUARD ECO variant also reduces resistance during roller passing for increased efficiency.

Apollo Tyres Ltd has launched the Vredestein Superpasso Pro competition-ready road bicycle tyres. This is the first model in the company’s all-new range of high-performance bicycle tyres scheduled for launch throughout the coming year.

The Superpasso Pro was developed using Apollo Tyres' cutting-edge ‘TriComp’ technology in Europe, which combines several rubber compositions for the tread and sidewall to maximise rolling resistance, puncture prevention and traction in both wet and dry situations. While the tyre's shoulder is composed of a softer composition to improve cornering grip at all speeds, the centre of the tread features a tougher compound to reduce rolling resistance and to prevent penetration. The new Superpasso Pro achieves a 14 percent improvement in rolling resistance, a 23 percent increase in puncture resistance and an eight percent weight reduction when compared to its Vredestein predecessor.

For TLR tyres, the new ‘Active Control’ technology offers a novel design that substitutes a bridging gap for the conventional overlapping centre join. Because of this development, the tyre is lighter and quicker, offering better control, better feedback and unwavering comfort. In order to increase puncture resistance and provide consumers the assurance that they can go farther, the Vredestein tyre also has a reinforced breaker layer. As part of a business collaboration with Apollo Tyres, the Dutch professional cycling team BEAT Cycling Club has put the Superpasso Pro through a rigorous testing process. Three sizes of the new Vredestein tyre are available: 700x25C, 700x28C and 700x32C. Both tubeless-ready (TLR) and tube type choices are available.

Nic Knippers, Division Head – Vredestein Two Wheel Tyres, Apollo Tyres Ltd, said, “The Superpasso Pro represents a significant leap forward in tyre technology, offering cyclists a product that excels in both performance and durability. With its innovative design and advanced materials, it delivers unmatched speed, comfort and reliability for cyclists of all levels.”

Thijs Zonneveld, Sportive Director, BEAT Cycling Club, said, “As a team that consistently pushes the limits of performance, we’ve been thoroughly impressed by the Superpasso Pro. The advancements in rolling efficiency, grip and durability have been evident in both race-day conditions and intense training sessions, and we’re excited to continue using it in competition.”

Bridgestone India has expanded its Flagship Select Store network with the opening of four new Select outlets in Hyderabad. With these new outlets, the company has taken its tally of stores in Hyderabad to 46 with an aim to transform the tyre buying and servicing experience by addressing the evolving needs of Indian consumers.

The Bridgestone Select Stores, which are supported by a robust premium network, offer an engaging and instructive experience that enables consumers to choose tyres with knowledge. To assist consumers get the most out of their tyres, the business also gives demos so they can see the impact that each service offers. At the moment, Bridgestone has a strong dealer network of 3,200, which includes 820 Bridgestone Select stores in India. Bridgestone India operates a few select storefronts in important cities including New Delhi, Ghaziabad, Bangalore, Kolhapur, Chennai and Hyderabad. The Select shops are designed to address a long-standing demand for a more intelligent tyre retail structure.

Hiroshi Yoshizane, Managing Director, Bridgestone India, said, “Hyderabad is an important market for us, and we’re proud to expand this pioneering concept of Select stores in the city. Bridgestone is committed to provide superior products and services to customers in line with its mission of serving society with superior quality. At Bridgestone, we’ve consistently led in enhancing customer experience, and these stores will help customers in Hyderabad to make informed tyre choices tailored to their needs. It also offers our dealers a unique, differentiated format to drive more walk-ins. As tyres are the only point of contact between a vehicle and the road, the store is designed to offer customers premium products, services and an elevated buying experience through its exclusive network.”