The Abbott government has abruptly reversed a key funding cut to the automotive sector as Australia’s major car manufacturers prepare to close their doors. The government on Tuesday said it would not proceed with plans unveiled in last year’s budget…
Category: World News
Europe, Australia, Americas, Africa rubber news
Egyptian tyre market projected to surpass USD 1 billion through 2020
Passenger car tyre is the dominant segment in the country’s tyre market followed by commercial vehicle tyre and two-wheeler tyre. Passenger car sales increased at a CAGR of 4.6% during 2010-14. Pirelli and Trenco Transport and Engineering Co. are the…
Canada’s tyre market to increase at 6% CAGR till 2020
Research and Markets has announced the addition of the “Canada Tyre Market Forecast and Opportunities, 2020” report to their offering. Canada’s tyre market is forecast to increase at a CAGR of around 6% till 2020 Large vehicle fleet and growing hybrid vehicle sales…
New upgrades at Michelin Georgia facility
Michelin Retread Technologies has installed a regenerative thermal oxidizer at its tread rubber plant in Covington, allowing the plant to burn off volatile organic compound emissions prior to their being released into the atmosphere. The emissions system upgrade is the…
General Motors trims production to reduce stocks
General Motors (GM) is trimming production at two of its car plants due to mounting dealer inventories in an effort to reduce stocks of the Chevrolet Sonic and Camaro, Buick Regal and other models. This week, GM scheduled downtime for…
Michelin to introduce new tyre management contracts
Michelin solutions is to introduce a new generation of ‘Pence Per Kilometre’ (PPK) tyre management contracts offering customers a contractual fuel saving commitment, to help make their fleets even more efficient. Due for launch at the Commercial Vehicle (CV) Show…
Goodyear agrees to US$16 mn raps settlement
Goodyear Tire & Rubber will pay US$16 million to settle allegations that two of its corporate subsidiaries in Africa paid bribes to win tyre sales in Kenya and Angola. Goodyear Tire & Rubber (GT) is paying US$16 million to settle allegations…
Toyo recalls Open Country M/T tyres on tread separation risk
Toyo Tire Holdings of Americas is recalling 138 Open Country M/T tyres, size 40X15.5R22 127Q, manufactured October 26, 2014, to November 1, 2014 (week code 4314). During production, the affected tyres were made with their belts off centre which may…
Positive outlook for US automotive industry
Sales will keep growing in 2015 on favourable economic conditions and are expected to be around 17 million or more, according to two industry forecasts. That’s the position of analysts at Cox Automotive, particularly its Kelley Blue Book unit, and…
Continental Automotive agrees it’s guilty for bid rigging in the US
South Korean parts makers Continental Automotive Electronics LLC and Continental Automotive Korea Ltd have agreed to plead guilty and pay $US 4 million for rigging bids for instrument panel clusters sold to car makers which come with a, the Justice Department…