Volkswagen’s (VOWG_p.DE) core division fell for an eighth time in nine months in June, as slowing momentum in China and slumping demand in Latin America outweighed gains in Europe. Deliveries at VW’s namesake brand, which accounts for 60 % of…
Author: admin
German car makers close to clinching Nokia maps deal for US$2.74-3.29 billion: sources
Germany’s premium car makers are close to a deal to buy Nokia’s HERE map business for between 2.5 billion and 3 billion euros (US$2.74 billion to US$3.29 billion), but a final agreement hinges on the question of who owns the…
Asean can bring back shine to rubber
NATURAL rubber has lately been in the limelight for the wrong reason. Most of the recent publicity has been dominated by the not so good news of low rubber prices. The oversupply and poor demand situation, especially the China factor,…
Goodyear ordered to pay US$2.7 million in tyre fraud case
A federal appeals court on Monday upheld an unusual and perhaps unprecedented directive that a major national tyre manufacturer must disclose in all future lawsuits how it withheld information from an Arizona family. The order directs Goodyear Tire & Rubber…
Tyre recycler contemplates shift to Tokoroa
Hundreds of tonnes of used tyres could be stockpiled in Tokoroa as a tyre recycler looks to shift its operations to the Waikato. EcoVersion are in talks with South Waikato District Council to relocate their operations to Tokoroa after they…
Singapore-listed rubber firms eye rebound in prices and fortunes
SINGAPORE – AS CHINA’S growth engine sputtered and the global economy slowed, prices for rubber – used mainly for tyres – have tanked, bringing the share prices of Singapore-listed rubber players along the same downward trajectory. But they may be…
V8 Supercars to test ‘supersoft’ tyre ahead of possible introduction for 2016 championship season
V8 SUPERCARS will put a ‘supersoft’ tyre compound to the test in coming months as the category considers introducing the tyre into the sport in 2016. The move comes as the V8 Supercars Commission weighs up potential changes to race…
Fiat Chrysler exploring US$3.3 billion sale of auto parts unit Magneti Marelli
Fiat Chrysler Automobiles (FCA) (FCHA.MI) is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, according to sources familiar with the matter. At least two U.S. private equity funds are looking to team…
Sonic Automotive, Inc. Reports Quarterly Adjusted Continuing Operations Earnings per Share of US$0.46
Sonic Automotive, Inc. one of the nation’s largest automotive retailers, today reported adjusted net income from continuing operations for the second quarter of 2015 of US$23.4 million, or US$0.46 per diluted share. Included in these adjusted amounts are pre-tax expenses…
Scots research reveals farming threat to dwindling rubber supply
A SCOTTISH expert has warned of an impending worldwide rubber shortage driven by insatiable demand for the finite resource and the lack of an adequate man-made substitute. A team including lead researcher Antje Ahrends from the Royal Botanic Garden Edinburgh…