Constellium N.V., New York, has invested US$40 million to expand its plant in Van Buren, Mich., which produces customized automotive structures and which features advanced prototyping and development capabilities. The 210,000 ft.2 expansion project has doubled plant manufacturing capacity for…
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Evonik to increase specialty silicones production
Evonik is launching a global initiative to enhance its technology platform for specialty silicones. With this action, the company will invest a triple-digit-million-euro amount and gradually increase the production volume of its specialty silicones. The plans include expansions in both…
Yokohama Tire to build ‘Green Playground’
On April 22, kids in San Juan Capistrano, California will get a new, eco-friendly playground, thanks to Yokohama Tire Corporation (YTC) and its cause marketing partner, KaBOOM!. YTC and KaBOOM! – a national non-profit organization dedicated to ensuring all children get…
Indonesia tyre market to grow at over 13% until 2020 reports
According to TechSci, this growth is due to Indonesia’s abundant raw material availability, continuing government support and growing domestic automobile industry. As Indonesia offers easy and abundant availability of raw materials for manufacturing tyres, most of the leading tyre companies like Gajah…
Goodyear Declares a Dividend on Common Stock
AKRON, Ohio, April 13, 2015 – Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 6 cents per share of common stock. The dividend is payable June 1, 2015, to shareholders of record on May…
Carmakers’ move to Mexico may leave many autoworkers jobless
More and more automotive jobs are under threat as U.S. carmakers eyes plants without unions and plants in Mexico. However, the United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top…
Rectify gaps in access to the U.S auto market in Japan: U.S. official
Acting Deputy U.S. Trade Representative Wendy Cutler said on Monday that “significant gaps” in the trade negotiations remain between the United States and Japan regarding access for U.S. automobiles in the Japanese market. “Japan has zero tariffs on autos and trucks, and…
West Herr Automotive acquires assets of Autoplace Nissan
West Herr Automotive Group has acquired the assets of Autoplace Nissan and Autoplace Infiniti. The dealership, which employs about 70 at 8137 Main St. in Amherst, will become the 23 rd location for West Herr. Earlier this year, Automotive News ranked West Herr as the…
52-week high for Delphi Automotive
On Apr 10, 2015, shares of Delphi Automotive PLC reached a new 52-week high of USUS$85.21, before eventually closing at US$84.71. The closing price represents a year-to-date return of 16.5%, much higher than the S&P 500’s total return of 2.1%. Average…
Tyre Market in Bangladesh will see 9% CAGR growth till 2020
According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020”, tyre market in Bangladesh is forecast to grow at over 9% CAGR until 2020 on the back of growth in automobile sales, ongoing improvements in public infrastructure, and growth-oriented…