GROCERY wholesaler Metcash will sell its automotive division for $275 million. AUSTRALIAN listed Burson Group, which owns the Burson Auto Parts brand, has agreed to buy the division, which includes the Autobarn, Autopro and Midas brands. Metcash announced it was…
Category: Industry News
Pirelli: F1 tyre differences overblown
Pirelli has played down the significance of Nico Rosberg’s ‘bad’ set of tyres from Canadian Grand Prix qualifying, insisting that any differences are minimal. Rosberg suggested that his hopes of beating team-mate Lewis Hamilton to pole position in Montreal were…
Hankook Tire hits the road with new AOR in Canada
Hankook Tire has selected Toronto’s GCI Group as its agency of record for Canada. The work will include a mix of media and influencer relations, social media integrations, media monitoring and issues management, says GCI. There is also the possibility of lifestyle campaigns…
Lassa launches three new tyres at Autopromotec
Lassa Tyres used Autopromotec as the platform from which to launch three new products as well as for showcasing 21 different types of tyre. Two of the new tyres are winter tyre patterns, namely CompetusWinter 2 and Wintus2. Lassa also…
Toshiba Expands Range of Automotive N-ch MOSFETs
Toshiba America Electronic Components, Inc. (TAEC)*, a committed leader that collaborates with technology companies to create breakthrough designs, today announced the expansion of its lineup of automotive N-channel power MOSFETs with the launch of two new devices: TK160F10N1 and TK200F04N1L. Target…
Goodyear Tire & Rubber Co VP Richard J. Noechel Sells 20,853 Shares (GT)
Goodyear Tire & Rubber Co VP Richard J. Noechel sold 20,853 shares of the stock on the open market in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of US$31.21, for a total…
Mazda recalls 75,000 cars in Japan after Takata expands U.S. recall
Mazda Motor Corp (7261.T) on Thursday filed a recall for 75,000 cars in Japan to replace air bag inflators made by Takata Corp (7312.T) after the Japanese supplier was ordered to expand a multi-million-vehicle recall in the United States. Of…
Former head of Toyota’s Canadian operations named automotive adviser
The former head of Toyota’s manufacturing operations in Cambridge and Woodstock will chair a new committee that will try to attract more automotive industry investment to Canada. Ray Tanguay, who retired as chair of Toyota Motor Manufacturing Canada in March,…
Rubber glove makers call for a delay in gas tariff revision
Rubber glove makers are asking the Government to delay the revision of natural gas tariff by four months. The Malaysian Rubber Glove Manufacturers Association (MARGMA), responding to Gas Malaysia Bhd’s Tuesday announcement of the tariff revision effective July 1, said…
Goodyear Tire & Rubber Co Price Target Raised to US$34.00 (GT)
Goodyear Tire & Rubber Co (NYSE:GT) had its target price lifted by Deutsche Bank from US$31.00 to US$34.00 in a research note released on Monday morning. They currently have a hold rating on the stock. A number of other analysts…