Volkswagen’s (VOWG_p.DE) corporate structure will be overhauled into a decentralized system with four holding companies in a bid to boost profits at Europe’s largest carmarker, three VW sources said on Monday. VW’s top management may cede power by setting up…
Category: Industry News
Pirelli opts for aggressive Monza tyre choice
Pirelli has announced its tyre allocations for the next four races in Britain, Hungary, Belgium and Italy, with the Monza event notably featuring softer compounds than 2014. Monza’s choice stands out as Pirelli has switched from last year’s hard and…
No change in rubber subsidies, assures Union minister
The central government has not excluded Kerala from its rubber subsidy programme, Minister of State for Commerce and Industry Nirmala Sitharaman said. The subsidy is given separately to traditional cultivation areas of Kerala and non-traditional cultivation areas, including the Northeast.…
Chinese tyre makers set for higher costs under new rubber standard
Chinese tyre makers are braced for an increase in costs next month when Beijing adopts a new standard for compound rubber, with analysts doubting it will be delayed or scrapped despite repeated calls by industry. That will add to companies’…
Hankook Tire extends sponsorship deal with UEFA
Hankook Tire Co., South Korea’s largest tire maker, said Wednesday that it has extended its official sponsorship contract with the UEFA Europa League for three more years. The contract was renewed through the 2017-2018 season, allowing Hankook Tire to expose…
Michelin updates TPMS for mining applications
Groupe Michelin is updating its integrated tire pressure monitoring systems (TPMS) for mining operations. The Michelin EarthMover Management System (MEMS) Evolution3 offers mining operators a fully communicating tire Given the extreme conditions of use, Michelin says sensor reliability is paramount…
First-ever front flip in a monster jam truck on BKT Tires
Eleven-time Monster Jam world champion Tom Meents made history Saturday night as he landed the first-ever front flip in a monster truck. In front of 50,000 Monster Jam fans at MetLife Stadium in East Rutherford, New Jersey (US) – and…
Landsail selling 1.5 million tyres a year via Grouptyre
With Landsail and Grouptyre celebrating their third anniversary this June, the two firms have announced that the partnership is now selling over 1.5 million units a year. Grouptyre became the sole distributor of Landsail in the UK and Ireland when…
Trinseo Celebrates 5th Anniversary as a Leader in Plastics, Latex and Rubber Materials Manufacturing
Trinseo TSE, -0.62% the global materials company and manufacturer of plastics, latex and rubber, announced today that June 17 marks the company’s 5th anniversary since its carve out from The Dow Chemical Company and purchase by Bain Capital Partners in…
Delphi Automotive PLC SVP Liam Butterworth Sells 3,447 Shares (DLPH)
Delphi Automotive PLC (NASDAQ:DLPH) SVP Liam Butterworth sold 3,447 shares of the company’s stock on the open market in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $87.86, for a total value of…