Toyota Motor Corp expects the U.S. auto industry to sell more cars this year than in any year since at least 2005, Toyota U.S. sales executive Bill Fay said on Wednesday. In 2005, sales were 16.94 million vehicles. Fay said…
Category: Industry News
U.S. regulator says Fiat Chrysler misled agency on Takata recalls
Fiat Chrysler Automobiles NV misled U.S. auto safety regulators about recall notifications to the owners of vehicles equipped with defective Takata Corp air bags, a U.S. safety recall analysts said on Thursday. “Fiat Chrysler failed to notify owners within the…
Edo loses $180 million annually for not investing in rubber plantation – says rubber investor
Paul Ogbebor, an investor in rubber production industry has said that Edo State government loses about $180 million annually for not investing in rubber plantations, which he believes the state has a comparative advantage. Ogbebor remarked that the State was…
Federation to procure 5,000 tonnes of rubber
The Kerala State Cooperative Rubber Marketing Federation has decided to procure 5,000 tonnes of rubber in the first phase. Addressing a press conference here on Friday, federation office-bearers said that the procurement would be based on the government’s price stabilization…
Rubber Production Incentive Scheme: Government Issues Orders
The government has issued orders, framing the guidelines for the implementation of a ‘Rubber Production Incentive Scheme’, which guarantees a price of Rs 150 for a kilogram of rubber.Chief Minister Oommen Chandy had said that a Rs 300-crore scheme to…
Australia’s Ansell to shut local condom, US gloves units
Australian rubber products firm Ansell Ltd said it will relocate its condom unit offshore, exit a U.S. military gloves operation and shut down a Malaysian manufacturing plant, cutting 250 jobs and leading to a one-off charge of US$124.7 million. The…
Solvay launches production of highly dispersible silica for energy saving tyres in Poland
Solvay is hosting a ceremony to mark the production launch of Highly Dispersible Silica (HDS) at its new state-of-the-art plant in Wloclawek, Poland, to address strong and growing regional demand for energy saving tyre Polish authorities and other dignitaries present…
Cooper Tyre & Rubber is Now Oversold (CTB)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator…
Rubber mart ends mixed
The Malaysian rubber market closed mixed today amid cautious sentiment on the regional market, a dealer said. He said the positive factor of a weak yen was countered by profit-taking. The Malaysian Rubber Board’s official price at noon for tyre-grade…
Rubber flat despite supply woes
Spot rubber continued to rule unchanged on Thursday. Though the market seemed to be suffering from acute short supplies, the absence of genuine buyers kept it neutral during the day. RSS 4 was quoted steady at 129 a kg by…