Tire giant Bridgestone has released its new tire brand namely Firestone FR500 for passenger cars and Firestone Destination LE02 for SUVs. The Firestone brand tires will be manufactured at the company’s manufacturing facilities in Chakan, Pune and Kheda near Indore.
Cooper Standard Automotive Inc. celebrated the opening of its new India headquarters and technical center in Pune on Aug. 26.
The facility — relocated from its previous location about 900 miles north in Sahibabad, India — employs about 40 people at a 6,000-square-foot facility and designs sealing components as well as fuel and brake delivery products. The firm did not disclose investment details.
It now operates 32 facilities in the Asia-Pacific region, 11 in India, 13 in China, five in Korea, two in Japan and one in Thailand.
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Berry Plastics Group Inc.’s $ 765 million deal to acquire flexible packaging films maker AEP Industries Inc. involves some inspired math, according to one man behind the deal.
“This is truly the classic example of an M&A transaction where one plus one not only equals three, but meaningfully more than that over time as we full integrate these two great organizations,” Berry Plastics CEO Jon Rich said just a few hours after the deal was announced Aug. 25.
Berry not only sees Montvale, N.J.-based AEP as a complementary acquisition for its Engineered Materials division, but actually a way to help lower its debt-to-earnings ratio more quickly than previously planned.
U.S. incentive spending per new vehicle averaged $3,559 in August, the highest ever for the month, J.D. Power says. Photo credit: DAVID PHILLIPS U.S. incentive spending per new vehicle averaged $3,559 in August, the highest ever for the month, J.D. Power says. Photo credit: DAVID PHILLIPS August is expected to mark the third month in 2016 that U.S. new-vehicle sales declined from a year ago, forecasters said, offering more evidence that the market is at or possibly past its peak.
Calling this our “new cars issue” is a little redundant. Every month, Car and Driver is a new cars issue. We rarely write about anything else. We exist to celebrate the best, to expose the worst, and to keep our readers apprised of where the car market stands. The auto industry is regularly assailed for being an elephantine lump that stubbornly resists the changes the world demands of it. But to cast it as such is to greatly underestimate what this enormous establishment is and does.
London – The slump in China’s tire-making industry – following the imposition of US-import duties on its car tires in late 2014 – hit machinery suppliers particularly hard, with sales among domestic manufacturers down by more than 30 percent last year.
And the negative trend is continuing this year as evidenced by the latest soundings from some of the main players in the sector.
Vijay Nambiar is the new general manager of Magna Tyres Group’s Middle East and Africa office. He begins in this role on 1 September.
Nambiar joins Magna Tyres Group from Middle East trading company U.C.G.T, which he is said to have built from scratch over a six-year period, and he brings more than 30 years of tyre industry experience to his new role, including that gained within positions at Michelin and Bridgestone. The new general manager is also a trained Techno Commercial expert with experience in total tyre management.
Earlier this year, Magline, best known for two-wheel aluminum hand trucks used in the route distribution industry, solved the tire lifting challenge with LiftPlus. The all-in-one lift, transporter, and positioner is a workforce multiplier that kicks in productivity with no need for special training or licensing. It is the lean and ergonomic answer to moving heavy tires. LiftPlus was designed for ease of use and to keep workers on the job and free from injuries; lifting 350 pounds easily with an all-metal frame platform and a screw-driven lift that delivers smooth precision that hydraulics or chains just cannot match.
The USW and Titan filed petitions Jan. 8 against OTR tire imports from China, India and Sri Lanka. In February, the U.S. International Trade Commission (USITC) found a reasonable indication the domestic industry is being injured by dumped and subsidized imports from India and Sri Lanka, but found imports of mounted tires from China to be negligible in volume.
Leo W. Gerard, International President of the United Steelworkers (USW) today confirmed the U.S. Department of Commerce (USDOC) announced a negative preliminary determination for anti-dumping (AD) duties on new pneumatic off-the-road tires (OTR) from India in a petition filed earlier this year by the USW and Titan International, Inc. United Steelworkers. More “The USW was disappointed in the preliminary results announced Friday by the USDOC.
“The USW was disappointed in the preliminary results announced Friday by the USDOC. Petitioners have raised a number of important issues in advance of the preliminary comments,” Gerard said. “Until disclosure materials are provided to USW trade counsel, we won’t know if those issues were addressed in the preliminary or not.”