In a world characterised by political uncertainties, the automotive industry provides one global constant – the onward march of China’s new car market. China overtook the US as the world’s biggest car market in 2010 and last year consolidated that position with 25.7 million cars sold – that’s eight million more than the US.
DETROIT — As if cars weren’t complex enough to keep engineers working late, they are about to get even more complex — by a multitude of headaches. Consider the next generation of vehicle infotainment systems envisioned for 2021-2022. Such components will likely require 3 million lines of software code, or six times what they currently need.
General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said.
The restructuring proposal comes after the Detroit automaker announced last week that it would shut its plant in the city of Gunsan, southwest of Seoul, by May and decide the future of the remaining three plants in the country within weeks.
With climate change, deforestation and water becoming increasingly important issues, assuring natural rubber sustainability has become crucial to every industry that depends on NR. And while it’s been less than a year since General Motors pledged to support sustainable rubber production, it’s clear that the auto maker has made progress in this laudable goal.
Of course, tackling this issue isn’t a short-term goal, and one that can’t be done alone. To that end, the Detroit-based automotive giant has worked to gain the support of a wide coalition of allies to the effort. It’s encouraging, as well, to see the effort put forth over the past nine months.
Four of the world’s top tire producers were there last May when GM made its initial announcement, and the auto maker soon after had a prominent role in delivering presentations at Michelin’s advanced mobility conference in Montreal. Then this past November at a meeting of the Tire Industry Project, CEOs of 11 tire makers vowed to take the necessary steps to lead to sustainable NR.
Goodyear Tire & Rubber Co. and race car driver Dale Earnhardt Jr. are celebrating their relationship through a new advertisement set to air during the Daytona 500.
The 30-second commercial, called “Make a Name,” features Goodyear’s history with the Earnhardt family set to the Jim Croce song “I Got a Name.” Goodyear will first air the ad on television during Fox’s broadcast of the race on Sunday, Feb. 18.
MANILA (Reuters) – China will oppose any “unfair and unreasonable” trade measures by countries such as the United States against its steel companies, a Chinese government think-tank said on Tuesday, arguing protectionism will “poison” the industry.
“Certainly we will protest against unfair and unreasonable measures launched by some countries such as the U.S.A. towards Chinese steel companies,” the China Metallurgical Industry Planning and Research Institute said in an email to Reuters.
“We will also study and discuss the counter-measures to try to seek a fair position for Chinese companies without any violation of W.T.O. (World Trade Organisation) agreement.”
The Yokohama Rubber Co., announced that its Advan racing tires were adopted as the control tire for WTCR – FIA World Touring Car Cup races, which will run through 2019.
Under the two-year contract, Yokohama will supply Advan A005 as the dry-surface tire and Advan A006 as the wet-surface tire for the races. The size of both tires supplied will be 250/660R18.
The Falken Wildpeak A/T AT3WA has been selected by Fiat Chrysler Automobiles as a factory-fitted option for the all-new 2019 Ram 1500 pickup truck. According to Sumitomo Rubber North America, Inc., the Wildpeak A/T will be supplied for mounting on the Ram 1500 in sizes LT275/65R18 (113/110S) and 275/55R20 (113T).
Cooper Tire & Rubber Co. has entered into a multi-year manufacturing offtake agreement with Sailun Vietnam Co. Ltd. for the production of truck and bus radial (TBR) tires for global markets. The offtake agreement gives Cooper a third global source of TBR tire production to meet growing customer needs. Tires will be manufactured under the Roadmaster, Dean and Starfire brands.
BENTONVILLE, Ark. — Walmart Inc. has honored Giti Tire (USA) Ltd. with a U.S. Manufacturing Award that recognizes offshore suppliers that have initiated production in the U.S.