GM’s Cadillac has said that it expects to sell 500, 000 cars annually by 2020. This is an increase from 275,000 expected this year. That would boost Cadillac’s share of the global luxury vehicle market to 5 % from 3.4…
Category: Industry News
India’s rubber output to shrink by as much as 15%
Some rubber farmers have stopped tapping due to weak rubber price, causing fears that the rubber output in India might shrink by 15 % – its lowest in two decades. MUMBAI: Natural rubber production is likely to sink as much…
Research report: tyre inner tubes market
Tyre inner tubes are internal components which are used in vehicles such as cars and bicycles designed to sustain air pressure. These are made from impermeable materials such as synthetic, elastic, soft rubber for the purpose of avoiding air leakge…
Decline in rubber price worries Cambodian farmers
The declining price of rubber is worrying rubber farmers. Take Sam Phat, for example, who decided 10 years ago to plant rubber due to the robust demand from China. “It’s very easy,” she said. “You plant them, give them water…
Rubber output falls 4%
Rubber output fell 4 % in July. It fell 20 % in June. According to the data released by the Rubber Board, the production in July stood at 52,000 tonnes , 3.7% less than the output in the same month…
A unit of Birla Tyres to be bought by JK Tyre
JK Tyre will be purchasing the Uttarakhand tyre unit of BK Birla flagship Kesoram Industries in a deal which will amount to Rs 2,0002,200c crore. A deal would take the company’s share of the Indian market to about a fifth…
Car discounts increase in China as industry faces slowdown
China is seeing a slowdown in its car industry. As a result, consumers benefit from the increased number of discounts on cars. Bill Shen wants to upgrade his 8-year-old Citroen to something fancier, maybe an Audi or a BMW. But…
Lower supply costs encourages Continental to raise 2015 profitability forecast
Low supply costs have encouraged Continental AG to increase its profitability goal for this year. Its stock jolted the most in 9 ½ months. Earnings before interest and taxes, and adjusted for one-time gains or costs, will amount to 11…
Green Rubber Global buys machine in US$8.3mil deal
Green Rubber Global has entered into an agreement to purchase machinery from YMS Process Engineering Pte Ltd in order to strengthen its patented DeLink elastomer recycling facility. The subsidiary of Petra Group signed the agreement which amounted to US$8.3mil (RM325.86mil).…
Tesla shares fall 6 %
Car maker Tesla Motors Inc saw its share tumble down by nearly 6% on Wednesday. Due to this, they have announced that they will be raising cash as production increases. A recently negotiated credit line can be extended from US$500…