Michelin Remains the World’s Most Valuable and Strongest Tire Brand

Michelin remains the world’s most valuable and strongest tire brand with a brand value of US$7.1 billion and a BSI score of 86.2 out of 100. Michelin is by far the strongest brand in the tire segment with an advantage of 9 BSI points over the second strongest brand in the industry, Bridgestone (up 1% to US$7.0 billion). Michelin is the thought leader in the industry, its product diversification into punctureless tires with its Uptis prototype and association with premium events and excellent performance, have helped the brand maintain its strength and status

Read the source article at brandirectory.com

Australian tire recycler plans to expand into the European market

Australian tire recycler Green Distillation Technologies, developer of the world-first technology that turns end of life tyres (ELTs) into high value, refinery-ready oil, carbon and steel, believes it can now expand into the European Market.

GDT Chief Operating Officer Trevor Bayley said that the recent statement by Faziler Cinaraip at the webinar organized by the Bureau of International Recycling (BIR) who said that only 42 percent of the 12 million tonnes of ELTs generated in Europe each year are recycled, had heightened their interest.

“We are working hard to bring our first two Australian processing facilities in Warren in Western …

Read the source article at Traction News

Michelin VP of Sales: Signs of Recovery Taking Shape

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On this episode of What’s Treading with Tire Review, we talk with Andrew Meurer, Michelin North America‘s vice president of sales, to get an update on how the company has handled the pandemic, the signs of recovery it’s seeing and what it has in store for the rest of 2020.

Read the source article at Tire Review

Coronavirus tanks U.S. auto sales in the second quarter for GM, FCA

U.S. vehicle sales in the second quarter for General Motors, Toyota Motor and Fiat Chrysler plunged by more than 30% as the coronavirus caused consumers to stay at home, and dealerships and factories to shutter. The hefty declines are in-line with what Wall Street expected. Hyundai Motor and Porsche also reported significant drops in sales between April and June compared to a year earlier. The automakers were among the first to report second-quarter sales on Wednesday.

Read the source article at cnbc.com

Feds are investigating cheap import tire pricing

WASHINGTON — The U.S. Commerce Department said on Tuesday it had opened investigations into vehicle tire imports from South Korea, Taiwan, Thailand and Vietnam to determine whether the are being sold at less than fair value. The department said it was also investigating whether tire producers in Vietnam were receiving unfair subsidies for passenger vehicle and light truck (PVLT) The investigations were in response to petitions filed in May by the United Steelworkers (USW) representing workers at U.S. tire plants. “Even though demand for PVLT increased, domestic producers were still forced to grapple with reduced market share, falling profits …

Read the source article at Autoblog

Podcast: An Update from Bkt & the OTR Industry Amid COVID-19

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On today’s podcast, we talk with Doug Kershaw, vice president of BKT USA, to check in not only on BKT’s business but also get a status report on different segments of the OTR industry.

Read the source article at Tire Review

Survey: When and how should your business internationalize?

When and how should your business internationalize?

This question has been explored around the world by research scholars for decades. An opportunity to explore this question and share in new findings is offered through a study by Mark Stoiko, a professor in the Faculty of Business, Humber College, invites industry to participate in research on how and when to internationalize a manufacturing enterprise. Participation is simple and easy.

The research follows the highest ethical standards set by the Canadian Tri-Council Policy Statement: Ethical Conduct for Research Involving Human Subjects, 2nd edition (TCPS2).

Eligible survey respondents are managers in Canadian manufacturing companies who sell at least some of their products internationally. The web-based survey contains questions that should take approximately 10 minutes to complete. Survey participants who choose to leave contact information will receive a table of aggregate results of the findings. The letter of information and survey for this study is found in the link below. Click on this link to get started: https://www.surveymonkey.ca/r/83G8TFM.

Read the source article at SurveyMonkey

Total U.S. Aftermarket Forecast to Decline 8.8% But Expected to Rebound in 2021

RESEARCH TRIANGLE PARK, N.C. and Bethesda, Md. – June 5, 2020 – Total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent in 2020 as a result of the impact of the COVID-19 pandemic and related factors, according to the “2020 Joint Channel Forecast Model” produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA). The 2020 Joint Channel Forecast Model also predicts that total light duty aftermarket sales will grow from $281 billion in 2020 to $314 billion in 2021.

Read the source article at autocare.org

Travel on U.S. roads fell by 40% in April amid stay-at-home orders – Reuters

WASHINGTON, June 8 (Reuters) – Travel on U.S. roads fell by 39.8% in April as coronavirus stay-at-home orders prompted tens of millions of Americans to work from home and others to avoid travel as destinations temporarily closed. The U.S. Transportation Department said U.S. motorists drove 112 billion fewer miles compared with April 2019 to 169.6 billion vehicle miles. In the first four months of 2020, motorists drove fewer miles than in the period in any year since 2001.

Read the source article at reuters.com

Carmakers must overhaul production plans to hit climate goals: report – Reuters

LONDON (Reuters) – The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors to do more to pressure boards to change their production plans. The report by the 2° Investing Initiative and the Institutional Investors Group on Climate Change looked at the firms’ plans for electric vehicles, hybrid and internal combustion engine (ICE) vehicles and modelled vehicle emissions and climate scenarios from the International Energy Agency. None of the companies’ current plans were fully aligned with the Paris Agreement on climate change, which aims to …

Read the source article at reuters.com