Continental Tyre South Africa (CTSA) announces the appointment of Sivuyile Boqwana on the Company’s executive committee.

The attorney joined CTSA a year ago as legal compliance manager and sits on the CTSA board as company secretary. Dieter Horni, CTSA Managing Director says the continuous changes to legislation made it imperative that the executive committee includes a member that has capacity to ensure compliance in all aspects of the organisation. “We are faced with a number of legislative issues that need consideration and decision-making at an executive […]

Pirelli to Supply F1 for Three More Years

Pirelli has renewed its agreement to be the tire supplier of Formula One for the next three years. The agreement follows a decision by the World Motor Sport Council confirming Pirelli’s status as the only supplier of tires to the FIA Formula One World Championship. The world motorsport’s governing body and Pirelli have been working to improve levels of safety and performance in F1, resulting in two new rules on […]

Continental Europe record sales growth in 2013

Earlier this week Hanover based Continental Europe released its provisional key figures for the 2013 fiscal year which revealed an EBIT margin of 11.2 per cent. This figure significantly beats the anticipated target of 10.5 per cent which was set last November. Year on year sales slightly increased from Euros 32.7 billion to 33.3 billion and Dr Elmar Degenhart, Continental’s CEO states that the increased performance illustrates that the company’s […]

Analyst See Bright Kumho Future ahead

Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire Co. makes the company good value for investors. In comments published by English-language Korean publication IT Times, analyst Kim Jin-woo said the tyremaker’s debt burden is falling rapidly, and he suggests that this financial turnaround isn’t yet reflected in the current Kumho Tire share price. Kumho, thus, has been given a “buy” recommendation by Korea Investment […]