The federal government has announced the launch of a US$100 million auto supplier program to support new product development. The government will accept applications for contributions under the program starting today. He says the new fund will support innovation by…
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Vivek Kamra replaces Arun K Bajoria as JK Tyre President
JK Tyre & Industries on Wednesday announced the appointment of Vivek Kamra as its President – India. The appointment comes in the wake of Arun K Bajoria’s elevation to the vital role of ‘Director and President – International Operations’. With…
Dunlop introduces new medium-compound BTCC tyre mid-season
Dunlop will introduce a new specification of medium-compound tyre to the British Touring Car Championship this weekend at Oulton Park. The series’ sole tyre supplier is replacing the previous control rubber from Oulton onwards with a slightly harder compound. Dunlop…
Germany’s Continental to Double Investment in Chinese Tyre Factory
German auto parts maker Continental AG said Wednesday it plans to more than double investment in its tyre factory in Hefei, China, over the next few years, in a move to expand manufacturing capacity for both passenger car and bicycle…
German team smashes tyre changing Guinness World Record
How quickly can you change a tyre? Five minutes? Ten? You ain’t nothin’. This German team of four mechanics just obliterated the Guinness World Record for fastest wheel change, swapping all four wheels on a Ford Focus hatchback in less…
ContiTech inks partnership, unveils rebranding effort
ContiTech Conveyor Belt Group, Siemens A.G. Process Industries and Drives Division, and Thyssen-Krupp Industrial Solutions jointly will develop and market a steep-angle tubular belt conveying system, according to ContiTech A.G. ContiTech also said it will rebrand belts for the mining…
TOCOM up for 5th session to fresh 14-month high on Shanghai gains
Benchmark Tokyo rubber futures climbed for a fifth straight session to a fresh 14-month high on Monday, helped by firmer Shanghai futures and a weak yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber…
MotoGP Italy: Front tyre woe for factory stars in Michelin test
The factory Honda, Yamaha and Ducati teams conducted the latest Michelin tyre test at Mugello in Italy on Monday ahead of the French manufacturer’s introduction as the sole MotoGP tyre supplier from 2016. Movistar Yamaha’s Jorge Lorenzo and Valentino Rossi,…
Icahn Enterprises L.P. Completes Acquisition of U.S. Automotive Parts Distribution Business of Uni-Select
Icahn Enterprises L.P. today announced that it has completed its previously announced acquisition of substantially all of the assets of Uni-Select USA, Inc. and Beck/Arnley Worldparts, Inc., comprising the U.S. automotive parts distribution business of Uni-Select Inc. (TSX:UNS). The transaction…
Automotive sales to hit $89m, buoyed by internet growth
Driven by the unprecedented growth in internet and mobile penetration, global automotive sales for 2015 is expected to reach close to $89 million, a 2.4 % growth from 2014, with an emerging market share rising from 50 % in 2012…