AKRON, Ohio , Feb. 24, The Goodyear Tire & Rubber Company (NASDAQ: GT ) recently eclipsed 3 million miles of data from road tests and field trials with customers derived from its connected tires. Connected tires – those with embedded sensors – are able to “talk” to the vehicle and the road and measure characteristics of the tire, leading to potential enhanced vehicle performance and safety.
LONDON—Rubber mixers will have to become more automated and part of “holistic” production set-ups to deal with complexity in both the materials being processed and end use markets, according to Andreas Limper, a senior executive of HF Mixing Group.
There is a continuing rise in the number and types of tires required by the automotive industry as it brings more and more car models onto the market, Limper noted at a recent HF event in Manchester, England to mark 100 years of the Banbury mixer.
FINDLAY, Ohio (AP) _ Cooper Tire & Rubber Co. (CTB) on Monday reported fourth-quarter net income of $51.3 million, after reporting a loss in the same period a year earlier. The Findlay, Ohio-based company said it had net income of $1.02 per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
Dublin, Feb. 24, 2020 (GLOBE NEWSWIRE) — The Canadian tire market stood at $ 4.9 billion in 2018 and is projected to grow at a CAGR of around 4.9% during 2019-2024 to reach $ 6.4 billion by 2024, on the back of increasing industrialization and growing penetration of online sales channels across the country. The tire market in Canada relies on tire imports from several countries. Moreover, the demand …
Hanover, Germany – Michelin has won two titles of ‘tire manufacturer of the year’ and ‘tire technology of the year’ at the Tire Technology International Awards 2020 in Hanover.
The company won the award for tire manufacturer of the year for the second year in a row, recognising its “commitment to produce efficient, innovative and sustainable products.”
In addition, the judging panel honoured Michelin’s airless concept tire Uptis as the tire technology of the year.
Petrochemical demand alone could fall by between 2.4 million and 4 million metric tons because of the virus, according to Bill Hyde, senior director-olefins and elastomers at Houston-based analytics firm IHS Markit.
Boston, Massachusetts – Cabot Corp. has reduced rubber-black volumes in Europe in response to soft market conditions and “aggressive pricing,” the company has informed ERJ.
“We opted not to pursue certain contracts [in Europe] due to the pricing structure, meaning we do not have to manufacture for those contracts,” Cabot explained in a 19 Feb written statement.
In order to cater for the growing popularity of SUVs and the myriad of new models being released by vehicle manufacturers, Yokohama’s 4×4 tyre range has been developed to cater for the full spectrum of SUVs, crossovers and off-road vehicles, delivering driver response, no matter what the conditions are.
The existing reservation list for new Tesla Model 3 electric vehicles is more than 400,000 people long. Moody’s Investor Service is slashing its global vehicle sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains. The firm now expects global auto sales to slump 2.5% in 2020 instead of a 0.9% drop previously expected.
NOVI, Mich., Feb. 24, 2020 /PRNewswire/ — Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2019. Summary Full year net income totaled $67.5 million or $3.92 per fully diluted share Full year adjusted net loss totaled $3.3 million or…