AKRON, Ohio, April 13, 2015 – Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 6 cents per share of common stock. The dividend is payable June 1, 2015, to shareholders of record on May…
Category: Industry News
Carmakers’ move to Mexico may leave many autoworkers jobless
More and more automotive jobs are under threat as U.S. carmakers eyes plants without unions and plants in Mexico. However, the United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top…
52-week high for Delphi Automotive
On Apr 10, 2015, shares of Delphi Automotive PLC reached a new 52-week high of USUS$85.21, before eventually closing at US$84.71. The closing price represents a year-to-date return of 16.5%, much higher than the S&P 500’s total return of 2.1%. Average…
Tyre Market in Bangladesh will see 9% CAGR growth till 2020
According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020”, tyre market in Bangladesh is forecast to grow at over 9% CAGR until 2020 on the back of growth in automobile sales, ongoing improvements in public infrastructure, and growth-oriented…
Alibaba establishes its automotive division
China’s leading e-commerce company Alibaba Group has announced that it will create its automotive division to integrate its automotive related services. “Currently, there are five teams under the new division” responsible for used cars, O2O (online to offline) service, car…
Apollo Tyres begins construction of 2nd European plant
India-based Apollo Tyres has started construction of its first greenfield plant in Gyöngyöshalász, Hungary, and its second one in Europe, with the foundation stone laying ceremony. The foundation stone was laid by Viktor Orbán, Prime Minister of Hungary and Onkar…
Firestone is the tyre at Indy Grand Prix
Firestone Tire was the leading tyres at the Indy Grand Prix which made its historic debut in New Orleans this weekend. ‘Firestone is an incredibly iconic brand with a testament to the amount of equity in the states,” says Lisa Boggs, Director…
Cooper Tire & Rubber Company shares drop
Shares of Cooper Tire & Rubber Company has dropped 2.29% during this past week. The shares have posted positive gains of 8.18% in the last 4 weeks. The counter has underperformed the S&P 500 by 3.93% during the past week…
Continental Tire Winner and “Eco-Meister” in AutoBild Magazine’s Summer Tyre Test
The ContiPremiumContact 5 has been pronounced the winner of the latest summer tyre test of over 50 tyre models by AutoBild magazine (12/15 issue), receiving the rating “exemplary.” In addition to their very good driving performance, the Continental tyres were…
Takaso says in talks on joint ventures, possible acquisition
Takaso Resources Bhd is in the midst of discussions on several possible joint-venture projects and the possible acquisition of a company, all of which have not been finalised, it told Bursa Malaysia in a response to an unusual market activity…