FRANKFURT (Reuters) – Auto suppliers Continental (CONG.DE) and Osram (OSRn.DE) plan deeper cost cuts after reporting weaker results on Tuesday, as a global slowdown hits the car industry. Demand in China, the world’s biggest auto market, has fallen for 15 months, while carmakers are under pressure to invest in cleaner and self-driving technologies set to reshape the industry.
LAS VEGAS — Cooper Tire & Rubber Co. and Goodyear are winners in the inaugural “Aftermarket Performance Awards” created by NPD Group Inc. and revealed at the Automotive Aftermarket Products Expo in Las Vegas.
TOKYO — Makers of airless tires such as Japan’s Bridgestone Corp. hope driverless cars will herald a breakthrough for their niche technology, which is more than a decade old but underperforms standard tires in every way except resistance to puncture. Autonomous driving — and the eventual introduction of self-driving taxis — could mean greater demand for puncture-resistant tires as greater usage of vehicles exposes them to more flat tires.
NOVI, Mich.—Cooper Standard intends to implement several restructuring initiatives to its global operations, including the closure of 10 global facilities.
LAS VEGAS — The Automotive Warehouse Distributors Association announced the four winners of its 2019 Industry Awards at the Opening General Session of its 72nd Annual Business and Education Conference in Las Vegas.
Cooper Tire introduced its latest all-season SUV tire Nov. 5 in booth #43019 at the Specialty Equipment Market Association (SEMA) Show in Las Vegas.
Cooper says the new Discoverer EnduraMax tire leverages advanced technology from Cooper’s off-road tires into all-season tires made for small and midsize SUVs.
A new tire section for tire service providers will be included at the 2020 AAPEX Show, according to show organizers.
The new section will be created in a new space called Repair Shop HQ, which will cater to the needs of service professionals. Current show floor sections, including Tool and Equipment, Mobility Garage and Training, will be in Repair Shop HQ in addition to the new tire section.
Frankfurt, Germany — Elmar Degenhart, CEO of Continental Corp. since August 2009, embarked on his biggest project yet in 2018.
That’s when the global supplier announced it will split itself into three units, including a separate listing for its powertrain division, to adapt to industry trends such as electrification, autonomous driving and connectivity.
With growing urban traffic, there is also a proportional increase in the associated stress and risks. Addressing this challenge with the theme ‘Mobility is the Heartbeat of Life’, Continental presents its latest technologies and services for vehicles, fleets, and cities at the ITS World Congress 2019 in Singapore. Together with its subsidiary Quantum Inventions, the technology company will showcase solutions to enrich peoples’ mobile lives, making them safer and less stressful, in sync with the theme of the congress – Smart Mobility, Empowering Cities.
“Continental will feature technologies and services for vehicles, fleets, and cities to address challenges posed by rapid urbanization. On display will be our smart key solution, navigation services, comprehensive fleet management service, smart city transport and traffic management platform as well as several V2X enabled solutions for better safety and connectivity on today’s roads,” says Lo Kien Foh, President & CEO, Continental Automotive Singapore.
But experts say the recent developments are unlikely to become a resounding trend throughout the EV movement: The less-established contenders are simply realizing the barriers to entry in the electric space. In the last two weeks: “There are a lot of startups out there looking at the apparent success of Tesla, and they want to be the next Tesla, and they don’t realize it’s a multibillion-dollar investment,” Michael Harley, executive editor of Kelley Blue Book, told Automotive News.