Increasing concern among consumers about automotive safety is driving demand in the Global Automotive Safety Systems Market, which is expected to post a CAGR of 9.43 % from 2014-2019, says research firm TechNavio. According to the latest report from TechNavio, in-vehicle…
Category: Industry News
German firm to team up with Weld County company
Pyrolyx AG, a German company that recovers carbon black from old tires, intends to enter the U.S. market through a partnership with a Weld County company. The Munich-based company has signed a letter of intent with CH2E Group, which owns…
Rubber growers and tyre makers in Kochi clash over import data
Rubber growers and tyre manufacturers are on a collision course over the natural rubber import data, even as the former is keenly looking at the upcoming Union Budget for sops, in the wake of the slump in prices. The farmer…
Fisker Automotive to be rebranded as Elux
Sources familiar with the plan say that Chinese auto parts maker Wanxiang Group) will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux. Wanxiang, which acquired the assets…
Key contract win for Driveline worth EUR 83 million
Kongsberg Automotive (KA) has received nomination from a major Global OEM for supply of the complete manual gear shifter system to a global platform. The shifter system will be used in B Segment cars which will be sold in Europe,…
Marangoni Commercial upgrades its website
Marangoni Commercial Tyres is pleased to announce that the truck.marangoni.com website has been completely upgraded in terms of contents, so as to offer customers and users a platform of knowledge, updates and information on our many products and benefits of…
Kumho tyres expands Crugen HP91 range
Kumho reports that the addition of the Crugen HP91 swells its “already comprehensive” range. While there are numerous Kumho 4×4 tyres to choose from, the majority of requirements will be covered by the new on-road offering and the cross-functional road…
Cooper Tyre & Rubber Company announced a quarterly dividend of 10.5 cents per share
Cooper Tyre & Rubber Company today announced a quarterly dividend of 10.5 cents per share on common stock, payable March 27, 2015, to stockholders of record at the close of business March 4, 2015. This will mark the 172nd consecutive…
Mercedes Benz recalls nearly 150, 000 cars
Mercedes-Benz is recalling more than 147,000 sedans and station wagons built over the past few years due to a problem with an engine compartment seal that could spark a fire. The recall mostly affects E350 sedans from the 2013 through…
DOT issues latest roster of tyre plant codes in US
The US Department of Transportation (DOT) issued 44 new tyre plant identity codes — necessary for selling road-going tyres in the US — during 2014, double the number issued in 2013. Thirty-two of the new codes are for plants in…