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Green-friendly E-Cube for mobile tyre servicing

The mobile tyre servicing market will be changed through the launch of a new product, deemed to be environmentally friendly. Until now, a typical mobile tyre service unit had a minimum of five, perhaps even six different pieces of tyre…

Sibur going for an IPO worth up to US$3 bn

Russian petrochemical company Sibur is preparing for an initial public offering (IPO) potentially worth between US$2 billion and US$3 billion, said a Reuters report, adding that it may happen by the end of the year. Sibur, the largest petrochemical producer…

Continental to go ahead with changes; Powertrain to be spun off in part-IPO

Having announced one of the largest organisational changes in the company’s history earlier this month, https://rubberjournalasia.com/continental-to-realign-structure-spin-off-powertrain-and-possible-ipo-of-rubber-unit/, the Supervisory Board of automotive parts/tyres maker Continental has given the go ahead. With this approval, a new holding structure of Hanover-headquartered Continental will…

Ford sets up self-drive subsidiary; investment of US$4 bn

US automotive company Ford Motor Company has created Ford Autonomous Vehicles LLC, a new organisation charged with accelerating its self-driving business. It will include Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience,…