US-based TRW Automotive Holdings Corp has received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, StockRatingsNetwork reports. Nine analysts have rated the stock with a hold recommendation and two have given a buy…
Author: admin
MRF eyes Kesoram’s tyre unit
India’s largest tyre manufacturer Madras Rubber Factory (MRF) is eyeing to buy the tyre unit of Kesoram Industries. The two are in talks for a purchase at a value far above than the market capitalisation of the entire diversified Birla…
Schalke 04 teams up with South Korean tyre manufacturers
Schalke 04 and South Korean tyre manufacturer Kumho Tyre have agreed to a partnership deal running until the end of the 2016/17 season, which includes the option for a further year. Founded in 1960, Kumho are now selling more than…
Blaupunkt India and TPMS to deliver real time tyre information
Blaupunkt India has teamed up with TPMS (Tyre Pressure Monitoring Systems) who will help provide the real time information and customizable alerts on tyre pressure and temperature conditions. Blaupunkt is the first to launch a vehicle tyre pressure monitoring systems…
Avon Tyres launches the new Trailrider
Avon Tyres has just launched the new Trailrider to it’s line-up of adventure touring motorcycle range. The tyre maker says it applied the very latest know-how in terms of casing construction, compound characteristics and tread pattern development to create a…
Dunlop to continue as tyre supplier for MotoAmerica
Dunlop will continue as the exclusive tyre supplier of the MotoAmerica AMA/FIM North American Road Racing Series. Racers competing in the premiere MotoAmerica Superbike, Superstock 1000 and Supersport classes will use Dunlop’s KR448 and KR449 racing slicks while the Superstock…
China Automotive Systems dips to new 1-year low
Shares of China Automotive Systems (NASDAQ:CAAS) dipped during a 52-week low on Friday. The company traded as low as US$6.12 and last traded at US$6.22, with a volume of 32,311 shares changing hands. The stock had previously closed at US$6.32.…
Prices of rubber surge due to floods in Malaysia; Top Glove remains optimistic
A large-scale flood in Malaysia, the biggest in years, have sent price of rubber surging, affecting some businesses, and not some. The world’s largest rubber glove…
Yokohama Rubber Russia Plant kick-starts production
The Yokohama Rubber Co., Ltd., announced today that its Russian passenger car tire production and sales company, LLC Yokohama R.P.Z., began production in November 2014 of original-equipment (OE) tyres for passenger cars. In November, the subsidiary began producing “GEOLANDAR G91”…
Liberty and Lehigh sign distribution agreement
A new agreement has been signed by US firms Liberty Tire Recycling and Lehigh Technologies to provide sales, service and support for Rheopave RMA systems in selected regions in North America. “Combining our companies’ capabilities enables us to broaden the…