The Government of Canada announced it is making significant investments to establish Canada as a global leader in cybersecurity and automotive software for connected and autonomous vehicles. To meet that goal, Prime Minister Justin Trudeau announced an investment of $40 million in BlackBerry QNX, a business unit of BlackBerry Limited, to develop safe and secure software systems for the next generation of connected and autonomous vehicles.
WASHINGTON — The Motor & Equipment Manufacturers Association on Monday tapped William Long as its new president. He replaces Steve Handschuh, who retired in December. The umbrella organization represents automotive suppliers, aftermarket suppliers, heavy duty truck manufacturers and remanufacturers that collectively employ 4.6 million people.
Kumho Tire has been struggling appoint new company leadership after its previous chairman left following Doublestar’s purchase of the company.
According to Kumho Tire, the company will not appoint a new chairman at its pre-scheduled March shareholders meeting. Vice president Jeon Dae-jin will continue as the acting CEO in the interim.
Local news reports cite Kumho insiders as saying that Doublestar is working on finding a suitable candidate, but is “struggling” to find someone with the right combination of skill. According to the reports, in December Doublestar offered the role to former Korea Development Bank (KDB) senior vice president Lee Dae-hyun, but he declined following opposition from Kumho Tire’s union.
The Marangoni Group has acquired a majority shareholding, 51 per cent, in the South African tread maker Leader Rubber Company SA (Pty) Ltd. The move is the latest development in the decade-long partnership between Leader Rubber and Marangoni. The Italian company acquired a 25 per cent share in the company in 2015 , a move it described as the “culmination of a partnership that has been ongoing for several years.”
GRIMSBY, Ontario—Cimcorp Group has made great strides in the last two years in what it dubs its “Dream Factory” concept, which is a fully automated handling solution for tire manufacturing and distribution.
Akron, Ohio – Bridgestone Americas Inc. plans to build a dedicated racing tire plant in Akron near its technical centre, company officials have announced.
The facility will replace an existing race-tire unit in the original Firestone Tire & Rubber Co. Plant One building, said Cara Adams, chief engineer at Bridgestone Americas Motorsports.
BERLIN (Reuters) – Germany could take stakes in companies to prevent foreign takeovers in some key technology areas, Economy Minister Peter Altmaier said on Tuesday, presenting a new industrial strategy he said was necessary for the country’s cohesion. The pivot to a more defensive industrial policy is driven by German concerns about foreign – particularly Chinese – companies acquiring German know-how and eroding the manufacturing base on which much of Germany’s prosperity is built.
Hankook Tire America Corp. has announced that tire industry veteran Rob Williams has joined the company as senior director of TBR sales. In his new role, Williams assumes oversight of all Truck and Bus Radial tire sales at Hankook. Representing Hankook Tire’s commitment to dealers and fleet customers, Williams will play in an integral part in growing product lines and securing new partnerships.
Goodyear announced it has acquired Weeting Tyres, a leading UK tire retail through its UK-based company, Goodyear Dunlop Tyres UK.
Hans Vrijsen, MD Consumer, Goodyear Dunlop Tyres UK Ltd said: “The acquisition of Weeting Tyres strengthens the competitive advantage of Goodyear and HiQ by creating an even stronger value proposition for its customers. Goodyear is responding in a smart way to the market conditions. It also confirms the importance of retail to Goodyear’s business.
Titan International announced the second year of its exclusive sales training experience for tire dealers: Titan University (Titan U).
With the success of the 2018 program in training over 400 students, Titan has expanded Titan U to offer two learning levels for intermediate and advanced tire and wheel education. All sessions consist of classroom instruction, hands-on training and sales components. Registration is currently open for the remaining 2019 sessions.