It’s a common occurrence this time of year – you pull out your summer tires, getting ready for the seasonal change-over and find that they’re pretty well shot. Your plastic is still maxed out from Christmas shopping and there’s no great tax return in your future. The winter boots on your ride still have lots of tread left on them, so you decide to let them ride for a while – and maybe even the entire summer. What’s wrong with that idea?
Hanover, Germany – Continental AG expects demand for passenger car tires and light commercial vehicles replacement tires to grow 3% in 2018, according to its annual report.
“The Asian market is expected to contribute around 60% of this increase, with growth of 5%,” said the German tire and technology supplier.
Market expansion, it added, will be primarily driven by China – as in previous years – with further growth in vehicle parc.
Forex Kumho Tire says to issue shares to China’s Doublestar worth $604 mln South Korea’s Kumho Tire said on Friday that it plans to issue new shares worth 646 billion won ($604.99 million) to Qingdao Doublestar Co Ltd as part of an agreed deal for the Chinese company to assume control over it.
U.S. Tire Manufacturers Association (USTMA) welcomed Giti Tire USA as its newest member. The USTMA Board of Directors unanimously approved the company’s membership at the association’s spring Board of Directors meeting.
Tire manufacturers that produce tires in the U.S are eligible for USTMA membership. Giti began tire production at its new Richburg, S.C. facility in October of 2017. The company’s U.S. headquarters is in Rancho Cucamonga, Calif.
WASHINGTON—At least 10 categories of tires, rubber, rubber products and rubber processing machinery are on the list issued by the Office of the U.S. Trade Representative of goods imported from China that are subject to a 25 percent tariff. The USTR issued the list on its website in response to the order President Trump signed […]
Original article published in ERJ’s March/April issue.
Electric vehicles, connected mobility and autonomous driving, are forecast by many to radically change the way we all travel around in the not-too-distant future.
While there is clearly an element of technology-push and hype around such developments, there seems little doubt that some big changes are on the way.
China’s plan to impose 25% tariffs on 106 US products, in response to President Donald Trump’s proposed import taxes on $50 billion in Chinese goods, includes several petrochemical products for which the Asian country is a critical export market, prompting a swift response from the industry’s trade group. “China is one of the US chemical […]
NEW YORK — The U.S. Court of International Trade is ordering the U.S. Department of Commerce to recalculate antidumping margins it issued against five Chinese off-the-road tire companies in a 2016 administrative review.
Seoul – Kumho Tire’s labour union has voted in favour of a plan to sell a 42.01% majority share of the South Korean tire maker to China’s Doublestar Tyre, according to business news website, The Pulse.
The 2 April report said more than 2,700 unionised workers took part in the vote, of which 60.6% were in favour of the sale to the Chinese company.
Chinese investors led by Qingdao Doublestar told ERJ in March that they had reached an agreement with Kumho’s shareholder Korea Development Bank to…
WASHINGTON — The U.S. Tire Manufacturers Assocations has honored six of its member companies with 20 Safety and Health Improvement Program awards.