Delphi Automotive PLC shares gapped up before the market opened on Friday following a stronger than expected earnings report, AmericanBankingNews.com reports. The stock had previously closed at US$82.99, but opened at US$83.00. Delphi Automotive PLC shares last traded at US$83.63, with a…
Category: Industry News
Goodyear Tire & Rubber Co Price target boosts to US$31.00 (GT)
Goodyear Tire & Rubber Co had its price objective set by Deutsche Bank from US$28.00 to US$31.00 in a report released on Thursday. Deutsche Bank currently has a hold rating on the stock. A number of other analysts have also…
Price of Indian rubber hiked up 25 %
In a bid to protect local rubber growers, the Indian government has hiked up the price of rubber by 25 %. India’s rubber imports touched an all-time high of 4.15 lakh tonnes in 2014-15 owing to lower international prices and…
Continental launches 19.5-inch tyres for city buses
Tyre manufacturer Continental has added a 19.5-inch tyre to its range of urban bus tyres, which promises an increased service life of up to 20%. The Conti Urban HA3 265/70 R19.5 all-axle tyre has been designed for use on medium-sized…
Ecopia tyres by Bridgestone reaches 10 million mark
More than 10 million original equipment and replacement market Ecopia tyres have been sold in the Asia Pacific region since the brand was first launched there in 2009, reports Bridgestone Asia Pacific Pte. Ltd. When Ecopia was first introduced, just…
Goodyear Tire & Rubber (GT) stock climbs
Shares of Goodyear Tire & Rubber (GT – Get Report) are higher by 5.82% to US$28.73 in mid-morning trading on Wednesday, after the tire manufacturer reported its earnings results for the 2015 first quarter, which came in above what analysts were anticipating for the period.…
Veteran tyre boss Francois Michelin dies
Francois Michelin, who led France’s famed tyre company for nearly half a century, died at the age of 88, the group said on Wednesday. “We have learned today with deep emotion that Mr Francois Michelin has passed away,” a Michelin…
Rubber producers’ attempt to boost prices needs discipline: Russell
Is it different this time? Once again Asian rubber producers are trying to force prices higher, this time by restricting supply and attempting to break the link between physical and futures prices. Certainly, Asian rubber has moved higher since at…
Rubber from dandelions?
Dandelions deliver a desirable product: rubber. This is why the robust and undemanding plant has become the focus of attention of the rubber-producing industry. But how is rubber, contained in the plant’s white milky fluid, actually formed? A team of…
Conti opens new R&D center
Continental A.G. has opened a research and development center for tires at its Hefei tire plant and has broken ground in Jiangsu Province on a test center for the automotive division, with operations due to start in about one year’s…