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…
Category: Industry News
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…
Goodyear Reaches Supply Agreements for Rice Husk Ash Silica
The Goodyear Tire & Rubber Company has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash. Goodyear will begin using the silica this year in a consumer tyre that will…
Tanjung Offshore to lodge complaints with MACC
Tanjung Offshore Bhd (TOB) will lodge official complaints to the Malaysian Anti-Corruption Commission (MACC) on its Gas Generators (M) Sdn Bhd (Gastec) deal and UK property transaction. This latest statement to Bursa Malaysia contrasted with TOB’s January announcement that said…
Asian rubber Tyre makers buy Indonesian grade after prices dip
Deal activity picked up this week in the physical rubber markets as a dip in prices after recent sharp gains attracted back buyers, with global tyre makers snapping up Indonesian grade. The Tokyo Commodity Exchange rubber contract has lost 0.3…
Rubber prices bounce back as late rains, rising temperature hit output
Delayed monsoon and sharp increase in atmospheric temperature have affected the production natural rubber in most of the growing areas in Kerala. This led to a shortage of the commodity, as tapping had been stuck in major chunk of plantations.…
Company Shares of The Goodyear Tire & Rubber Company Drops by -1.66%
The Goodyear Tire & Rubber Company (NASDAQ:GT) has dropped 1.66% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.41% in the last 4 weeks. The counter has underperformed the…
Revenue to grow at 5% in domestic tyre mkt in FY16: CEAT
In a CEAT analyst meet, the company said it is expecting better growth in the domestic tyre industry this year as against last year. This year its target is to grow five percent as against two to three percent last…