Decade of growth for auto parts industry may soon be over

The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs and huge demands for r&d spending could bring the party to an end.

The combination of uncertainty over future technologies, lingering import tariffs and unsettled trade issues with key trading partners — China, Mexico, Canada and Europe — will erode supplier company values and stock prices, making it harder to keep up current spending demands, many now worry.

Read the source article at Automotive News Europe

Automotive Innovations Magazine – July/August 2019

The topics covered in the third issue of our Automotive Innovations Magazine (AIM) reveal the extremely rapid evolution of EVs, an emerging market that has become, in just a few years, a real industry.

Read the source article at Home – Auto-Innov

Bridgestone highlighting mobility solutions at IAA

In addition to its latest line-up of Bridgestone and Firestone tyres, Bridgestone intends to display its latest tech solutions at the 68th annual International Motor Show (IAA). The company states that the following solutions will be showcased at the Frankfurt fair in September:

Read the source article at Tyrepress

Tennessee Tire Boom: A Closeup Look at this Automotive ‘Hot Bed’ and its Implications for the Tire Industry

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Just as Akron, Ohio, was considered the rubber capital of the world, Tennessee is well on its way to become the automotive hub in the U.S. Just take a look at the numbers: 87 of 95 counties are home to automotive operations in Tennessee. That includes OEMs, such as General Motors, Nissan and Volkswagen and over 900 automotive suppliers, according to the Tennessee Department of Economic and Community Development (TNECD).

Read the source article at Tire Review

Talk the talk in order to walk the walk

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In the age of automation, self-driving vehicles and artificial intelligence, it’s comforting to know that one thing still matters: That personal touch.

Late last month, our automotive service expert, Dan Marinucci, spent an hour discussing that point in our latest livestream event, entitled “Service Sales Skills Computers Cannot Perform.”

Read the source article at Tire Business

Simple Tire named one of fastest growing companies by Inc Magazine

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SimpleTire has been named one of the fastest growing companies —and the fastest growing automotive company— in America by Inc. Magazine.

“We’re honored to again be recognized as one of the fastest-growing private companies in America and are truly grateful for everyone’s continued trust in SimpleTire,” said CEO Andy Chalofsky. “Our sustained growth is a testament to the team we’ve assembled and the outstanding support we receive from our suppliers, partners and customers.

Read the source article at Traction News

LWG hires ex-Bridgestone exec Derek Wessels to be its COO

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GREENWOOD VILLAGE, Colo. — Big O Tires and Midas International franchisee Leeds West Groups has hired former Bridgestone Americas executive Derek Wessels to be its chief operating officer, overseeing LWG’s three automotive divisions.

Read the source article at Tire Business

Column: U.S. auto sector outlook is softening – Reuters

LONDON (Reuters) – U.S. motor manufacturing has been a rare bright spot amid a worldwide slowdown in the auto sector and a cooling in the rest of U.S. industry, but there are signs U.S. automakers could now be running into headwinds as well. U.S. motor vehicle and parts production was up by 3.7% in the three months from May to July compared with the same period a year earlier, according to data from the Federal Reserve.

Read the source article at uk.reuters.com

Hankook Expand Original Equipment Portfolio with 2020 Ford Explorer

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Hankook Tire recently announced that that it will be providing its touring all-season Kinergy GT tire as the original equipment for the 2020 Ford Explorer.

The size 255/65R18 [Pattern H436] of the Kinergy GT tire will be fitted onto the SUV vehicle.

Hankook explains in a release that the tire’s low rolling profile and tread design is well-suited to complement Ford’s 3.0-liter V6 EcoBoost gas engine and 10-speed transmission and aid in improving the SUV’s fuel mileage rating.

Read the source article at Autosphere.ca

Shifting expectations drive off-road innovation

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It’s no secret that consumer preferences are evolving, and their expectations for companies, brands and products are higher than ever.

This is increasingly true in the tire industry, as more consumers seek tires that meet multiple performance needs without tradeoffs. … 

…As the off-road consumer tire segment continues to grow, function is only one part of the equation. Aesthetics also matter.

Read the source article at Tire Business