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%.…
Category: Industry News
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,…
Pirelli joins forces with MWSD
Truck and trailer wheel distributor Motor Wheel Service Distribution (MWSD) is now a preferred supplier for Pirelli UK Truck. The arrangement will see MWSD offering complete tyre and wheel fitted units for its range of Chevron marked steel wheels and…
BKT launches new interactive website
BKT Tyres have launched a new interactive website which is updated with brand-new contents. It represents a reliable platform for customers, users, partners and journalists all over the world offering technical and general information as well as updates on manifold…
Market-based approach in tyre management a success
The Rubber Manufacturers Association (RMA) has applauded the market-based approach to scrap tyre management which they say is a success and say it should continue to be a model for state action. RMA is participating in a scrap tyre forum…
Continental Tyres enters Southeast Asian market
Continental Tyres have made new progress by entering into the Southeast Asian market. In 2014, Continental has started the distribution of passenger car tyres in Sri Lanka, Vietnam and Myanmar. Continental officially announced its entry to the market in Colombo,…