Benchmark Tokyo rubber futures extended losses on Monday, ending down 1.8 % at a nine-week low as a stronger yen more than offset strength in global oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber…
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Rubber supplier starts biomass power plant
A biomass co-generation power plant has been created at Vielle-Saint-Girons by a company called DRT. DRT is a supplier of rosin and turpentine-based products to the rubber industry. The biomass power plant is operated by Biomass Energy Solutions VSG, a…
Nokian Tyres and Valtra Set the New World Record for Tractors: 130.165 km/h
The new world record for fastest tractor was achieved when Nokian Tyres and Valtra combined their northern expertise. The new amazing record was set on a snowy and icy road in Finnish Lapland. Multiple World Rally Champion Juha Kankkunen kept his head cool and drove the…
Deutsche Bank Increases Delphi Automotive PLC Price Target to US$94.00 (DLPH)
Equities researchers at Deutsche Bank hoisted their target price on shares of Delphi Automotive PLC (NASDAQ:DLPH) from US$92.00 to US$94.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests…
Warren Buffett Adds To Automotive Bets With US$560 Million Axalta Investment
Berkshire Hathaway’s Warren Buffett is increasing his investment in the recovering U.S. automotive sector, this time by taking a US$560 million stake in Axalta Coating Systems , a 145-year old seller of coatings for cars, SUV’s and commercial vehicles. The investment comes as Axalta’s private…
Ken Garff Honda Downtown receives multiple awards for excellence
Ken Garff Honda Downtown, a leading new and used automotive dealership in the Intermountain West, was recently recognized by two organizations for its excellence in customer service and consistently high sales. The dealership was awarded the Honda President’s Award by…
Can lettuce be a source for rubber?
Rubber is natural and the main ingredient for many everyday products, from boots to condoms to surgical gloves. Roughly 70 % of the global supply of rubber is used in tyres. During World War II, the supply of rubber from…
Delphi self-driving tech powers car across U.S. in longest autonomous trip ever
Traveling nearly 3,400 miles and generating three terabytes of data, Delphi Automotive has completed the longest automated drive across North America to date. Delphi Labs, the Mountain View research base for U.K.-based Delphi Automotive, put its self-driving car technology to the test in…
Alliance Tire aims for more than USUS$ 1 billion in sales; realigns business
The North American, European and emerging markets of Alliance Tire Group have been realigned to form the key business units as the company aims to double its sales to more than USUS$1 billion. Newly hired Nagesh Basavanhalli, formerly with Fiat…
UBS Reiterates a Hold Rating on Delphi Automotive
In a report released today, Colin Langan from UBS reiterated a Hold rating on Delphi Automotive with a price target of US$80. The company’s shares opened today at US$81.64, close to its 52-week high of US$82.24. Delphi Automotive has an analyst consensus…