“Fifteen rubber planters’ groups have merged to create the Rubber Planters’ Assembly to solidify their positions and unify demands. Uthai Sornlaksap, leader of the rubber planters’ network, will become acting chairman of the new body. Representatives of the groups made…
Category: Industry News
Penske Automotive purchases Land Rover Dealership
Penske Automotive Group, Inc.an international transportation services company, has acquired a Land Rover dealership in Darien, Connecticut. The company estimates the dealership will generate approximately $50 million of revenue annually. “We are pleased to add the Land Rover brand to our existing automotive…
Rogers acquires engineered silicones producer Arlon for US$157m
Handy& Harman has been successfully acquired by American specialty materials Rogers for US$ 157 million. Arlon produces high-frequency circuit materials and engineered silicones, which will complement Rogers’ printed circuit materials and high-performance foams business segments, the company said. For the…
Maxxis to open new factory in Indonesia
Since 2005, Maxxis has been present in Indonesia to introduce various types of high-quality tyres that have been recognized globally. Until now, Maxxis has been marketed in 130 countries, including Indonesia. On an international scale, Maxxis now ranks as the…
Short Interest of Delphi Automotive PLC grows
Delphi Automotive PLC (NYSE:DLPH) stated gains of 294,149 shares or 14.2% in the short interest. The short interest registered from 2,071,487 on December 15,2014 to 2,365,636 on December 31,2014. In terms of floated shares, the shorted positions stood at 0.8%.…
Steady growth for automotive steering systems, report says
The automotive steering systems market is poised for steady growth on account of growing emphasis towards incorporation of sophisticated, reliable assisted steering systems in vehicles. Arduous manual steering systems are on the verge of getting obsolete owing to increased importance…
Delphi Automotive PLC (DLPH) receives BBB credit rating
Morningstar has awarded Delphi Automotive PLC (DLPH with BBB credit rating. The firm’s “BBB” rating suggests that the company is a moderate default risk. They also gave their stock a two star rating. A number of other firms have also…
JK Tyre seek revision in inverted duty structure
JK Tyre & Industries has sought revision in inverted duty structure in the forthcoming Budget, saying it will offer a level-playing field to local tyre manufacturers. “We are probably the only country in the world with such an inverted duty structure…
Auto Innovation Report released
The newly-released Auto Innovation Report identifies the companies leading the way in innovation, and the segments which have grown the fastest over the last five years. The report explores the hot topic areas of interest, studying the technologies and companies…
Goodyear tyres recalled and sale of select General Motors SUV halted
General Motors has halted the sales of several thousand SUVs in the United States due to an inbound tyre recall from Goodyear. The auto maker sent a notice to dealers telling them to stop selling nearly 6300 of its Enclave, Traverse,…