South Korean tyre maker Hankook Tire has signed a second memorandum of understanding (MOU) with Netherlands-headquartered synthetic rubber producer Arlanxeo to co-develop synthetic rubber technologies for high-performance tyres. Under this agreement, the two companies will jointly study the development of…
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Hyundai to set up new plant in the US and update existing one
South Korean automotive maker Hyundai plans to invest US$388 million to build a plant in Alabama, US. The 24,000-sq-m plant will include an engine head manufacturing plant, and it will also utilise this investment to enhance its assembly plant in…
Electric cars on the increase; China takes the largest share of vehicle sales
The number of electric vehicle (EV) and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017, a 54% increase compared with 2016, according to the latest edition of the International Energy Agency’s Global Electric Vehicles Outlook. China…
GM’s self-driving vehicle unit gets a push with investment of US$2 bn
Japan’s SoftBank Group is investing US$2.25 billion into General Motors (GM)’s autonomous-vehicle unit. The world’s biggest technology fund, SoftBank’s US$100 million Vision Fund, will invest in GM’s newly created unit, GM Cruise Holdings, in two phases: with the first phase…
TOCOM slides after early rise amidst trade tension
“Tokyo Rubber futures took a tumble following an upswing in early trade amidst lingering trade tension between China and the US. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, followed losses in Shanghai…
Cooper introduces new tyres for SUVs, trucks
Ohio-headquartered tyre maker, Cooper Tire & Rubber Co has unveileda new tyre line: the Discoverer AT3.The all-season all-terrain tyres are specifically designed for sport utility vehicles (SUVs) and light-duty pickups as well as medium-to-heavy duty trucks. The Discoverer AT3 range…
Michelin bares tyre innovation plan; focuses on renewable, recyclable tyres
French tyre maker, Michelin outlines its 30-year road map, including plan of increasing the content of recyclable or renewable materials in its tyres by 2048, during the recent World Summit on Sustainable Mobility (Movin’On) event, held in Canada. “By 2048,…
Bridgestone expands fuel-efficient tyre line
Bridgestone Americas is expanding its flagship Ecopia tyre line with the release of the next-generation Ecopia H/L 422 Plus tyre for crossovers, SUVs and minivans. Engineered for long-lasting performance and improved fuel-efficiency. The next-generation Ecopia H/L 422 Plus tyre is…
New tyre app to help maintain your tyres
Apps are a ubiquitous part of a modern lifestyle. Mobile phone users these days don’t need a diary or a calendar but are able to rely on phone notifications on their mobile phones for reminders on birthdays, doctors’ appointments, dinner…
China and India to boost NR growth, says ANRPC
Driven by improved outlook in the case of China and India, the world consumption of natural rubber (NR) is anticipated to grow faster than what was expected until a month ago. The outlook on consumption during 2018 has been substantially…