Nokian Tyres plc is increasing its production capacity for passenger car tyres at the Nokia factory by approximately 30% by starting to run in four shifts. With this capacity increase, more than 80 new people will be hired for passenger car tyre production in Nokia.
SHANGHAI (Reuters) – Goldman Sachs (NYSE:) said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.
TORONTO — Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that could devastate the car industry in Canada and lead to higher U.S. prices.
Trelleborg, Sweden – Trelleborg is making a “substantial investment” at its Otrokovice tire production plant in the Czech Republic to increase utilisation rates at the facility, the company has told ERJ.
“We need higher capacity utilisation and… we are looking forward to a world-class manufacturing site with high-end production of radial agricultural tires and new production lines for OTR tires,” Trelleborg communications manager Karin Larsson told ERJ.
DETROIT — General Motors is seeing cost increases in steel and aluminum amid uncertainty regarding tariffs and trade with the United States. However, the company has not delayed any projects or plans. That’s according to GM CEO Mary Barra, who said if uncertainty continues, it “will eventually” have an impact on its operations.
Tire Business talked with Darren Thomas, senior vice president of sales and marketing for Falken Tire Corp., a unit of Sumitomo Rubber North America Inc., about his thoughts on the tire industry and how his company is performing heading into the second half of the year.
Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that would devastate the car industry in Canada and lead to higher U.S. prices. The Trump administration’s pledge to consider tariffs on all imported vehicles took on more urgency last weekend after Trump and his advisers accused Trudeau of “bad faith diplomacy” for his trade comments following a meeting of Group of Seven leaders in Quebec. “I have instructed our U.S. Reps not to endorse the Communique as we look …
The Tire Industry Association (TIA) will meet with representatives in Washington DC on Wednesday, June 20th to discuss several issues currently impacting the tire and automotive industry.
The day will begin with TIA and fellow supporters visiting the US Department of Transportation (DOT) headquarters at 10:00am to discuss infrastructure and de-regulation.
The first 100 percent Liberian owned rubber plant was inaugurated in the country. The Cooper Rubber Processing Plant (CRPP) will manufacture retreaded tyres, roofing materials, electrical insulators, fixtures PVC pipes, fittings, and rubber gloves. The CRPP plant is located in Blagai, Bomi Highway.
DETROIT — SoftBank Vision Fund, a prominent technology investment firm, is investing $2.25 billion in General Motors Co.’s autonomous vehicle operation.