The Goodyear Tire & Rubber Company today announced it will build a new tyre factory in San Luis Potosi, Mexico to serve its customers in the Americas. Goodyear Chairman and Chief Executive Officer Richard J. Kramer made the announcement here…
Category: World News
Europe, Australia, Americas, Africa rubber news
Delphi Automotive PLC Given New US$97.00 Price Target at Barclays (DLPH)
Delphi Automotive PLC (NASDAQ:DLPH) had its target price boosted by Barclays from US$88.00 to US$97.00 in a report issued on Thursday. They currently have an overweight rating on the stock. Delphi Automotive PLC traded down 0.89% during mid-day trading on Thursday,…
US$40 million invested by Constellium to expand Michigan plant
Constellium N.V., New York, has invested US$40 million to expand its plant in Van Buren, Mich., which produces customized automotive structures and which features advanced prototyping and development capabilities. The 210,000 ft.2 expansion project has doubled plant manufacturing capacity for…
Rectify gaps in access to the U.S auto market in Japan: U.S. official
Acting Deputy U.S. Trade Representative Wendy Cutler said on Monday that “significant gaps” in the trade negotiations remain between the United States and Japan regarding access for U.S. automobiles in the Japanese market. “Japan has zero tariffs on autos and trucks, and…
European automotive recovery kicks into gear
The recovery of the Western European automotive sector kicks into gear with auto sales increasing 10.7 % in March. Registrations last month increased to 1.56 million cars from 1.41 million a year earlier, according to data and estimates compiled by…
Jack Williams Tyre Purchases Pittston Tyre
Jack Williams Tyre Co. has acquired Pittston Tyre and Auto Service in Pittson, Pa. “I have decided that merging my operation with Jack Williams Tyre Company will benefit my long time, loyal customers and my hardworking and dedicated employees,” said…
Delphi self-driving tech powers car across U.S. in longest autonomous trip ever
Traveling nearly 3,400 miles and generating three terabytes of data, Delphi Automotive has completed the longest automated drive across North America to date. Delphi Labs, the Mountain View research base for U.K.-based Delphi Automotive, put its self-driving car technology to the test in…
UBS Reiterates a Hold Rating on Delphi Automotive
In a report released today, Colin Langan from UBS reiterated a Hold rating on Delphi Automotive with a price target of US$80. The company’s shares opened today at US$81.64, close to its 52-week high of US$82.24. Delphi Automotive has an analyst consensus…
Trelleborg acquires agricultural tyre business in Australia
Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement to acquire Armstrong Tyres, an Australian service and distribution company of agricultural tyres. The business specializes in tyres and complete wheels for original equipment manufacturers (OEMs) and tractor…
Berkshire Hathaway Automotive looks to expand in U.S.: chairman
Warren Buffett’s Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company’s automotive dealer venture, Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, told CNBC on Tuesday. Van Tuyl, who appeared on CNBC with Buffett, said that the group will…