General Motors Co is planning to increase production of its popular lare SUVs and trucks. This move could see an addition of 48,000 to 60, fleets of vehicles in 2016. GM’s Arlington, Texas, plant that makes full-sized sport utility vehicles…
Category: Industry News
China blast does slight damage to Japanese cars
A blast at a port in China mildly damaged some cars, including that of Touota Motor Corp. The blasts in the city of Tianjin on Wednesday night killed at least 50 people, including a dozen fire fighters, state media said.…
Ansell sees increase in earnings
Rubber company Ansell announced this week that its earnings rose between 11 % to 20 %. But right at the end of the report were the numbers that spooked punters: due to “ongoing uncertainty” earnings a share for the current…
Automotive industry to bounce back in 2016: Mistry
Chairman of Tata Motors Cyrus Mistry has said that the growth of the Indian automobile industry depends on the revival of the country’s mining sector. Addressing Tata Motors’ shareholders at the company’s 70th annual general meeting, Mr. Mistry said “India’s…
China Automotive Systems Reports 2015 Second Quarter Financial Results
China Automotive Systems, Inc. announced yesterday its unaudited financial results for the second quarter and six months ended June 30, 2015. China Automotive Systems, Inc. a leading power steering components and systems supplier in China. Second Quarter 2015 Highlights: Net sales were US$109.2…
Davis-Standard to promote elastomer extrusion technology during the International Elastomer Conference, Booth #224
Davis-Standard, LLC will promote the company’s full range of elastomer extrusion technology during the International Elastomer Conference at Booth #224, October 12-15 in Cleveland, Ohio. Davis-Standard will display its DSREV rubber extruder with a model 2000 crosshead and Uth rollex®…
Ultra-thin silicone rubber similar to bio-tissues developed by Harvard researchers
A team in Harvard comprising of polymer physicists and chemists have successfully developed Ultra-thin silicone rubber similar to bio-tissues Scicast reports: “This new rubber features tunable softness to match a variety of biological tissues, opening new opportunities in biomedical research…
Apollo Tyres sees 27% increase in net profit 27% in first quarter
The Board of Directors of Apollo Tyres Ltd approved the company’s unaudited results for the 1st quarter of the financial year 2015-16. Earlier in the day, at the 42nd Annual General Meeting, shareholders approved the annual dividend payout of 200%…
129,000 tyres by BFGoodrich Ties to be recalled
129,000 tyres in U.S., Canada and Mexico by BFGoodrich Tires will be recalled, the company announced. Approximately 104,000 of the recalled tyres were sold in the U.S. market. These tyres are primarily found on commercial light trucks, as well as…
900 job cuts expected on Nokian Tyres Finnish plant
900 job cuts expected on Nokian Tyres Finnish plant as the company negotiates amidst a economic slowdown. Nokian Tyres has downgraded its outlook for 2015 due to the weakened economic situation in Russia and CIS countries. Car tyre sales have…