Continental will showcase three new tyres for the bus and truck segment at IAA Transportation 2024, 17-22 September, in Hanover. The premium tyre manufacturer is focusing on efficient and sustainable solutions optimised for electric vehicles.

Visitors to the Continental booth will experience the new Conti EfficientPro 5 truck tyre, which boasts a 10 percent improvement in rolling resistance compared to its predecessor. It offers excellent energy efficiency, is rated with the EU tyre label Class A, and has outstanding braking performance.

Continental will also showcase its most sustainable tyre for city traffic to date: the Conti Urban NXT, which recently entered pilot production. Composed of an extremely high proportion of renewable, recycled, and ISCC PLUS mass balance-certified materials, coming in at 59%, its low rolling resistance makes it a game changer for electrified commercial vehicles.

With the Conti EcoPlus HT3+, Continental will present the latest iteration of its innovative trailer tyre, specifically designed for trailers with an electrified drive axle.

“We are continually making our tyre solutions for commercial vehicles more sustainable and efficient both in terms of materials and on the road,” says Holger Lange, Head of Research and Development for Truck and Bus Tyres at Continental, adding: “The Conti EfficientPro 5 offers excellent energy efficiency, reducing consumption, lowering fleet costs and helping to protect the environment. The Conti Urban NXT is Continental’s most sustainable commercial-vehicle tyre to date.”

Conti EfficientPro 5: A New Benchmark in Efficiency

Continental has drastically cut the rolling resistance of the Conti EfficientPro 5 by 10 percent compared to its predecessor within Class A of the EU tyre label. This significant technological leap will help customers save fuel and further reduce CO2 emissions.

The tyre’s tread’s special rubber compound, combined with its rigid profile, helps reduce rolling resistance, extending mileage by around five percent compared to the predecessor model. The tyre’s profile provides a secure grip and superior tracking. Its especially low external rolling noise level (EU tyre label Class A) means that the Conti EfficientPro 5 is EU Taxonomy-eligible.

“We have improved the rolling resistance of the Conti EfficientPro 5 by a full 10 percent compared with its predecessor within Class A of the EU tyre label. This is a major technological leap that will help our customers save fuel and further reduce CO2 emissions,” says Leo Kolodziej, Head of the Original Equipment Business for Truck Tyres for Europe, the Middle East and Africa (EMEA) at Continental. The experts at Continental have achieved this without making any sacrifices in terms of running and wet braking performance. “This is impressive because very low rolling resistance and very high braking performance are competing aims under the laws of physics,” explains Kolodziej.

The Conti EfficientPro 5 is designed for trucks with both combustion engines as well as hybrid or purely electric drives. It will be commercially available from the start of 2025, initially in the two sizes 315/70 R 22.5 and 385/55 R 22.5. Additional sizes will be added in due course.

Ford, Iveco, Scania, and Volvo, manufacturers of long-haul trucks, will be exhibiting the tyres on their display vehicles at this year’s IAA.

Conti Urban NXT: Boosting Sustainability in City Traffic

According to the European Automobile Manufacturers’ Association (ACEA), one in six new buses exceeding 3.5 tons that were registered in 2023 were partially or fully electrified. Continental is responding to this trend with the Conti Urban NXT – a new original equipment tyre designed for city transport. It combines a high proportion of sustainable materials with exceptional energy efficiency, making it ideal for electrified city buses and delivery vehicles. The pre-production version of the all-season tyre will be on display at IAA Transportation, with a market launch planned for 2025. It will initially be available in the size 275/70 R 22.5.

With up to 59 percent renewable, recycled, and ISCC PLUS mass balance-certified materials, the Conti Urban NXT has a very high share of sustainable materials. Up to 25 percentage points more than the average share of renewable and recycled materials used in Continental’s commercial-vehicle tyres. For the Conti Urban NXT, Continental has allocated up to 24 percent ISCC PLUS mass balance-certified materials, i.e., sustainable synthetic rubber and carbon black from bio-based, bio-circular, and/or circular raw materials. The proportion of recycled materials is three percent. This includes recycled rubber originating from mechanically processed end-of-life tyres as well as recycled steel. The Conti Urban NXT has a sustainable raw materials content of 32 percent, consisting mainly of natural rubber.

The Conti Urban NXT’s rolling resistance has been reduced by 25% versus the comparable Conti Urban HA3 model. This translates into lower CO2 emissions for combustion-engine vehicles and an increased battery range of up to 15 percent for electric vehicles. High-density interlocking sipes ensure a secure grip, superior tracking, and excellent braking performance, both in wet conditions and throughout the tyre's service life. The specially developed rubber compound reduces tyre abrasion and enhances resistance against cuts, cracks, chips, and breakage. The mileage of the Conti Urban NXT is also around 15 percent higher than the predecessor model. Boasting very low external rolling noise, the Conti Urban NXT is an EU Taxonomy-eligible tyre and thus perfectly tailored to the requirements of electric vehicle fleets.

Conti EcoPlus HT3+: Designed for Electric Drive Axles

Another development Continental is set to showcase at this year’s IAA Transportation: the Conti EcoPlus HT3+. This tyre – which is specifically designed for trailers with electrified drive axles – offers exceptionally balanced performance in terms of traction and rolling resistance and an especially high load capacity. The tyre’s features are specifically geared to new-generation trailers featuring fully electric drive axles. Accordingly, the tyre’s load capacity has been increased by 500 kilograms per axle to enable a constant payload despite the higher net weight resulting from the battery. The company had unveiled the prototype back in 2022. Continental is the exclusive development partner for this innovative trailer concept from the company Trailer Dynamics. The aim is to hybridise tractor trucks with battery-powered electric trailers, reducing their fuel consumption and thus their CO2 emissions.

The siping tyre tread profile of the Conti EcoPlus HT3+ has been designed specifically with traction in mind, while an innovative rubber compound provides a balanced combination of grip and mileage. As a result, the tyre ensures maximum safety in all weather conditions. The tyre, which can not only be used on electrified trailer axles but also fitted as an all-round tyre, will initially be available in the sizes 355/50 R 22.5, 385/65 R 22.5, and 385/55 R 22.5. Market launch is scheduled for early 2026.

Continental's new tyre developments presented at IAA Transportation are in keeping with its “Lowest Overall Driving Costs” (LODC) advisory approach. The goal is to provide the transport industry with an effective lever to withstand increasing cost pressure and make its fleets more sustainable.

Goodyear has launched the award-winning Goodyear Eagle F1 Asymmetric 6 tyre in the United States and Canada. The premium summer tyre has emerged the winner in the 2025 AutoBild test for ultra-high-performance (UHP) tyres and is aimed at a wide range of sporty and luxury cars, crossovers and SUVS.

With its unique tread composition that optimises rubber-to-road contact, the Goodyear Eagle F1 Asymmetric 6 offers responsiveness and stability for dynamic driving. While the flexible tyre compound provides better grip in hot weather, the asymmetric tread pattern guarantees rapid responsiveness and traction in turns. To guarantee a peaceful, pleasant ride, the tyre pattern and lightweight design also reduce road noise. Goodyear's SoundComfort and SealTech innovations are two notable features found in certain Eagle F1 Asymmetric 6 fitments. For a more peaceful and elegant driving experience, SoundComfort reduces road noise, while SealTech successfully seals punctures up to five mm. Because of its high load rating and low rolling resistance, it is perfect for contemporary SUVs and electric cars, which require more from their tyres in order to maximise economy and range.

Nearly 90 percent of SKUs for the Goodyear Eagle F1 Asymmetric 6 are 18 inches or greater, with over 100 sizes available in the 17–23-inch range. Numerous well-known automobiles, such as the BMW M3/M4/X3/X4/X5/X6/X7, Audi A4/S4/A5/S5/A3/S3, Mercedes C-Class, Porsche Macan/Boxster/Cayman and Cayenne, and Tesla Model S, may be fitted with the Goodyear Eagle F1 Asymmetric 6. Customers may feel more secure about their purchase with the Goodyear Eagle F1 Asymmetric 6's 30,000-mile (50,000-kilometre) tread life limited guarantee. It is available at authorised Goodyear retailers across the United States and Canada.

Ryan Waldron, President, Goodyear Americas, said, "The Goodyear Eagle F1 Asymmetric 6 represents the next evolution of ultra-high-performance summer tyre, delivering precision, grip and comfort for drivers. As an award-winning tyre designed for a wide range of sporty and luxury vehicles, including the larger rim sizes on many of these vehicles, it provides a driving experience tailored to today's most premium enthusiasts. We're proud to introduce this globally recognised product to North America, bringing advanced technology and innovation that keeps drivers confident on the road."

Toyo Tires reported record first-quarter sales of 135.5 billion yen ($880 million), marking a 6.2 percent increase year over year and reaching its highest level since adopting its current accounting period in 2013. Despite the top-line growth, operating income fell 13.7 percent to 22.4 billion yen due to rising raw material costs and foreign exchange headwinds.

“Strong sales of large-diameter tyres in North America drove revenue growth but couldn’t fully offset higher production costs,” said the company in its earnings statement. The Japanese tyre maker saw a 7.7 percent sales increase in North America, which remains its largest market.

Profit Squeeze

Ordinary income plunged 42.7 percent to 18.3 billion yen, while profit attributable to owners dropped 41.4 percent to 13.5 billion yen, primarily due to foreign exchange losses from the yen’s appreciation. The Japanese currency strengthened to 154 yen per dollar during the quarter, compared to 146 yen in the year-ago period.

The company maintained its full-year forecast, projecting annual sales of 585 billion yen, up 3.5 percent from FY2024. Operating income is expected to reach 85 billion yen, down 9.6 percent , with operating margin declining to 14.5 percent from 16.6 percent last year. The annual dividend forecast is 125 yen per share, up from 120 yen in the previous fiscal year.

“Assuming tariff impact can be absorbed with appropriate measures, earnings forecasts for FY2025 remain unchanged,” the company stated, maintaining its dividend payout ratio target of 30 percent  or higher.

Production and Expansion

The tyre maker plans to increase production volume by 6 percent in FY2025 compared to the previous year, with significant growth in both Japanese and European operations. First-quarter global production volume was 59,100 tons, representing 98 percent of the previous year's level.

Capital investment for FY2025 is projected at 35.6 billion yen, up from 25.6 billion yen in FY2024, signalling continued expansion despite market headwinds. The company has invested 194 billion yen in capital expenditures over the past five years.

Market Conditions and Raw Materials

Raw material costs continue to pressure margins, with the company projecting a negative impact of 10.5 billion yen for FY2025. Natural rubber price increases are expected to cost 7.4 billion yen, while petroleum products will add 2.0 billion yen in costs, and other materials will contribute 1.1 billion yen to the cost pressure.

First-quarter sales volume showed strong recovery in the Japanese replacement tyre market, reaching 97 percent of the previous year’s level. In comparison, North America demonstrated robust growth at 105 percent year-over-year.

Product Innovation and Corporate Initiatives

The company recently launched premium tyres for high-roof kei cars in Japan with enhanced wet grip performance. These tyres feature eco-friendly materials that improve wet braking performance by 12 percent while reducing rolling resistance by 9 percent.

In March, the company introduced new SUV tyres designed specifically for quiet city driving that meet the “Low Car Exterior Sound Tyres" voluntary standard established by the Japan Automobile Tyre Manufacturers Association.

GRP Limited reported a 19 percent year-on-year increase in total income to INR 5.52 billion for fiscal year 2025, driven by an 11 percent increase in volumes and a three percent price increase. The company also announced a strategic capital expenditure plan of INR 2.5 billion to expand its sustainability-focused operations.

The Mumbai-headquartered polymer recycling company saw its EBITDA climb 33 percent to INR 694 million, with margins expanding by 128 basis points to 12.6 percent. Profit after tax rose 36 percent to INR 307 million for the fiscal year ended March 2025.

Expansion Plans and Financing

GRP’s board has approved a significant expansion plan that will be executed in two phases over three years. Phase one will involve capital expenditure of INR 1.5 billion to be deployed by December 2025.

GRP secured approval to raise INR 1.5 billion to finance the expansion through a qualified institutional placement (QIP) or other permissible methods. Additionally, the company has finalized documentation for external commercial borrowing of EUR 15 million from the French development finance institution Proparco.

“We've already invested approximately Rs 49 crore in our integrated facility project," said Harsh Gandhi, Managing Director of GRP Limited. "The crumb rubber unit commenced operations in Q4 FY25, and the first line of our continuous pyrolysis unit is scheduled to begin operations in Q1 FY26.”

Strategic Focus on Sustainability

The capital expenditure will focus on three key areas: deploying new technology to produce reclaimed rubber with lower CO₂ emissions, expanding capabilities in crumb rubber and other categories identified under India’s Extended Producer Responsibility (EPR) regulations, and growing the plastic recycling business.

The company noted that its energy investments already yield tangible benefits, with savings of INR 36.7 million from renewable power and INR 36.4 million from biofuel projects in FY25. These initiatives contribute significantly to reducing greenhouse gas emissions.

Quarterly Performance

For the fourth quarter of FY25, GRP reported total income of INR 1.606 billion, up 16 percent year-on-year. Q4 EBITDA jumped 45 percent to INR 331 million, with margins expanding by 404 basis points to 20.6 percent. Profit after tax for the quarter rose 67 percent to INR 194 million.

Business Segment Performance

The company’s reclaim rubber segment, which contributes 89 percent of total revenue, saw a 16 percent increase in revenue to INR 4.78 million for FY25. The non-reclaim rubber segment, comprising engineering plastics, polymer composite, and custom die forms, grew 15 percent to Rs 572 million.

Export revenue, which makes up 56 percent of total revenue, increased by 11 percent to INR 2.98 billion. Domestic revenue grew by 23 percent to INR 2.37 billion.

Extended Producer Responsibility Revenue

GRP reported INR 220 million in EPR credit sales and an accrual of INR 214 million in EPR revenue, citing improved stability in the EPR regime, consistent demand for credits, and the emergence of a stable market price.

“The enforcement of EPR regulations for plastics starting 1 April 2025 is expected to drive further demand for our products," added Gandhi.

Operational Efficiency

The company improved its working capital efficiency, reducing the working capital cycle from 94 days in FY24 to 76 days in FY25. Employee costs declined from 11.8 percent to 11.3 percent of revenue, reflecting the impact of automation initiatives.

Renowned Scottish businessman and philanthropist Sir Tom Farmer, founder of Kwik-Fit, passed away peacefully at his home in Edinburgh at the age of 84, according to a family statement issued on Friday.

A veritable titan of the tyre industry, Sir Tom established the Kwik-Fit chain of garages in 1971. Before being sold to Ford Motor Company in 1999 for more than GBP 1 billion, the company grew to become the largest independent tyre and automotive repair specialist in the world, with over 2,000 locations across 18 countries.

The influence of Sir Tom was not limited to the automobile industry. His varied financial skills were demonstrated by his major roles as a director of Scottish Power and MyTravel Group. He has always been a football fan and owned majority stakes in Hibernian Football Club for 28 years before selling it to American billionaire Ron Gordon in 2019.

His family stated that Sir Tom's charity will be remembered and that his life and profession impacted many facets of Scottish and UK life. According to the businessman's family, he was happy to be an uncle to his three brothers, three sisters and numerous nieces and nephews. “More than anything, Sir Tom was a family man. Born in Leith, Edinburgh, in 1940, he was the youngest of seven children. He frequently spoke of the love, care and attention that was bestowed upon him by being the youngest in such a large family,” said the statement.