Germany’s premium car makers are close to a deal to buy Nokia’s HERE map business for between 2.5 billion and 3 billion euros ($2.74 billion to $3.29 billion), but a final agreement hinges on the question of who owns the…
Category: Industry News
Rubber’s Potential Left Untapped
Cambodia’s rubber rush burned out quickly. High world rubber prices in 2011 encouraged investors to clear thousands of hectares for rubber plantations, but the price of natural rubber plummeted the following year and has bottomed out at around US$2,000 per…
Apollo Tyres launches tyre that promises to run for 1 lakh kms
Apollo Tyres % has launched a new tyre in Indian market that promises to run up to 1 lakh kms and beyond. Jointly developed at global R&D centres in Chennai and Netherlands, the tyre Amazer 4G Life is targetted at…
Crews tackle 200-tyre fire in Wolfscastle, Pembrokeshire
Firefighters spent almost three hours tackling a blaze involving 200 tyres in Pembrokeshire. Mid and West Wales Fire and Rescue Service was called to the fire behind a row of farm sheds in Sealyham, Wolfscastle. The alarm was raised just…
VW brand sales drop 8.6 % in June as demand weakens in China, Latam
Volkswagen’s (VOWG_p.DE) core division fell for an eighth time in nine months in June, as slowing momentum in China and slumping demand in Latin America outweighed gains in Europe. Deliveries at VW’s namesake brand, which accounts for 60 % of…
Asean can bring back shine to rubber
NATURAL rubber has lately been in the limelight for the wrong reason. Most of the recent publicity has been dominated by the not so good news of low rubber prices. The oversupply and poor demand situation, especially the China factor,…
Goodyear ordered to pay US$2.7 million in tyre fraud case
A federal appeals court on Monday upheld an unusual and perhaps unprecedented directive that a major national tyre manufacturer must disclose in all future lawsuits how it withheld information from an Arizona family. The order directs Goodyear Tire & Rubber…
Tyre recycler contemplates shift to Tokoroa
Hundreds of tonnes of used tyres could be stockpiled in Tokoroa as a tyre recycler looks to shift its operations to the Waikato. EcoVersion are in talks with South Waikato District Council to relocate their operations to Tokoroa after they…
Singapore-listed rubber firms eye rebound in prices and fortunes
SINGAPORE – AS CHINA’S growth engine sputtered and the global economy slowed, prices for rubber – used mainly for tyres – have tanked, bringing the share prices of Singapore-listed rubber players along the same downward trajectory. But they may be…
V8 Supercars to test ‘supersoft’ tyre ahead of possible introduction for 2016 championship season
V8 SUPERCARS will put a ‘supersoft’ tyre compound to the test in coming months as the category considers introducing the tyre into the sport in 2016. The move comes as the V8 Supercars Commission weighs up potential changes to race…