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…
West Herr Automotive acquires assets of Autoplace Nissan
West Herr Automotive Group has acquired the assets of Autoplace Nissan and Autoplace Infiniti. The dealership, which employs about 70 at 8137 Main St. in Amherst, will become the 23 rd location for West Herr. Earlier this year, Automotive News ranked West Herr as the…
52-week high for Delphi Automotive
On Apr 10, 2015, shares of Delphi Automotive PLC reached a new 52-week high of USUS$85.21, before eventually closing at US$84.71. The closing price represents a year-to-date return of 16.5%, much higher than the S&P 500’s total return of 2.1%. Average…
Tyre Market in Bangladesh will see 9% CAGR growth till 2020
According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020”, tyre market in Bangladesh is forecast to grow at over 9% CAGR until 2020 on the back of growth in automobile sales, ongoing improvements in public infrastructure, and growth-oriented…
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…
Alibaba establishes its automotive division
China’s leading e-commerce company Alibaba Group has announced that it will create its automotive division to integrate its automotive related services. “Currently, there are five teams under the new division” responsible for used cars, O2O (online to offline) service, car…
Apollo Tyres begins construction of 2nd European plant
India-based Apollo Tyres has started construction of its first greenfield plant in Gyöngyöshalász, Hungary, and its second one in Europe, with the foundation stone laying ceremony. The foundation stone was laid by Viktor Orbán, Prime Minister of Hungary and Onkar…
Firestone is the tyre at Indy Grand Prix
Firestone Tire was the leading tyres at the Indy Grand Prix which made its historic debut in New Orleans this weekend. ‘Firestone is an incredibly iconic brand with a testament to the amount of equity in the states,” says Lisa Boggs, Director…
Cooper Tire & Rubber Company shares drop
Shares of Cooper Tire & Rubber Company has dropped 2.29% during this past week. The shares have posted positive gains of 8.18% in the last 4 weeks. The counter has underperformed the S&P 500 by 3.93% during the past week…
Continental Tire Winner and “Eco-Meister” in AutoBild Magazine’s Summer Tyre Test
The ContiPremiumContact 5 has been pronounced the winner of the latest summer tyre test of over 50 tyre models by AutoBild magazine (12/15 issue), receiving the rating “exemplary.” In addition to their very good driving performance, the Continental tyres were…