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  1. #1
    Formerly Known as Newbie Juha's Avatar
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    Nokian tyres in trouble

    Finnish newspapers report this morning that the parent company of Suomityres has filed for a company restructuring program. Suomityres is the manufacturer of various car and bike tyres, among them the Nokian Hakkapeliitta studded winter tyres. I could not find an English source for the news yet.

    During the program they get a moratorium (8-10 months) on paying their debts. An independent ombudsman of sorts will be appointed to draft a plan on how to restructure the business to make it profitable again, and how to pay the outstanding debts once the moratorium expires. As far as I can tell the whole process is pretty much the equivalent of Chapter 11 in the US.

    Apparently the Hakkapeliittas were not expensive enough after all. Hope they pull through. The company's spokesman is very optimistic, but I guess that's what he gets paid for.

    --J
    To err is human. To moo is bovine.

    Who is this General Failure anyway, and why is he reading my drive?


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  2. #2
    Senior Member Ziemas's Avatar
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    Thanks for the news. Time to stock up.....

  3. #3
    Cries on hills supton's Avatar
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    I hope they pull through. The Hakka 2's I run in winter wear like iron, and dig really well. We're trying out one of their "all season" snowtires on the wifes car also.
    '07 Trek Pilot 1.2
    '85 Panasonic Sport 1000 (beater, gone now)
    '69 Raleigh Sprite 5 speed (AW instead of S5, for now)

  4. #4
    Biscuit Boy Cosmoline's Avatar
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    Nooooooooooo!

    ''On a bicycle you're not insulated. You're in contact with the landscape and all manner of people you'd never meet if you were in a car. A fat man on a bicycle is nobody's enemy.''

    Tom Vernon.

  5. #5
    ex-everything. soze's Avatar
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    Hope they pull through. What will I rally on otherwise?

  6. #6
    I drink your MILKSHAKE Raiyn's Avatar
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    Hopefully they pull through and keep the bike tire division. I have to say that my NBX's are my favorite knobbies

  7. #7
    Sensible shoes. CastIron's Avatar
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    I think the root of the problem is their studded tires last forever.
    Mike
    Quote Originally Posted by cedricbosch View Post
    It looks silly when you have quotes from other forum members in your signature. Nobody on this forum is that funny.
    Quote Originally Posted by cedricbosch View Post
    Why am I in your signature.

  8. #8
    lost in the ozone
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    OMG! that is the Vermont state tire!

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