Pirelli’s All Season range, which can be used throughout the year, has expanded as a direct response to increased demand from motorists. All Season tyres are intended for people not looking for extreme performance or covering big distances every year. Instead, they are ideal for drivers whose main priority is safety both in winter and […]
European Commission to propose more ambitious emissions limits for autos: draft | Reuters
BRUSSELS (Reuters) – The European Commission will propose that the European Union further tighten its auto emissions limits, according to a draft document seen by Reuters on Friday, prompting a pushback from Germany’s car industry, the region’s biggest. Under the proposal, by 2030 the average carbon dioxide emissions of new cars should be 50% below 2021 levels. The bloc’s current plan calls for a 37.5% reduction over that period. A spokeswoman for the commission declined to comment.
Nokian Tyres Ceo’s 100-Day Update
The COVID-19 pandemic has had a significant impact on global car and tire demand. Despite this, Nokian Tyres’ short-term priorities are clear: “We will continue to provide our customers and consumers with world-class products and services, while at the same time keeping costs under strict control. We will prioritize cash flow by cutting back investments and actively managing working capital,” says Jukka Moisio, President and CEO of Nokian Tyres. “In this volatile market environment, our focus in the second half of 2020 is tactical. A more thorough review of our longer-term growth strategy will take place once the market has stabilized.”
Australian tire recycler can turn old tires into hydrogen
Australian tire recycler Green Distillation Technologies, which has already developed world-first technology that can commercially and economically turn end-of-life tires (ELTs) into high value, oil, carbon and steel, can now take the carbon raw material and turn it into hydrogen.
Michelin is demonstrating resilience through an unprecedented crisis
124,000 125,400 1 Free cash flow: net cash from operating activities less net cash used in investing activities, adjusted for net cash flows relating to other financial assets, before distributions. 2 At period-end. Covid-19: impact of the health crisis on the Group’s financial position at June 30, 2020 Review of the information released by the Group during the first six months of the year On February 10, 2020, the Group issued its guidance for 2020 excluding any impacts from a systemic crisis caused by Covid-19. On March 18, 2020 at 6:10 pm CET, the Michelin Group …
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Goodyear Launches Exclusive Watch Collection With B.R.M Chronographes
AKRON, Ohio, July 28, 2020 /PRNewswire/ — Goodyear (NASDAQ: GT) has combined a global licensing collaboration with a motorsport agreement to launch an exclusive watch collection with French luxury watch specialist B.R.M Chronographes. This follows the recent announcement that Goodyear has joined forces with the Algarve Pro Racing team champion European Le Mans Series, who will be showcasing the B.R.M Chronographes.
The design of the timepieces will match the look of the Algarve Pro car, reflecting Goodyear’s fundamental association with motorsport.
Brembo raises stake in Pirelli to nearly 5%
MILAN — Italian brake maker Brembo said it would not buy additional shares in tiremaker Pirelli after increasing its stake to almost 5 percent. Brembo, which makes brakes for automakers including Ferrari and Tesla as well as several Formula One teams, said it now held a 4.99 percent stake in Pirelli, both directly and indirectly through its Nuova FourB parent company, and that it had completed the purchase process.
DuPont takes $2.5 billion charge tied to auto business
DuPont on Thursday and wrote down the value of its automotive business by $2.5 billion as the industrial materials giant struggles with a prolonged weakness in one of its biggest end-markets. DuPont, which makes materials used in products ranging from engine covers to brake fluid, is heavily exposed to the auto industry, which has been among the hardest hit after the coronavirus lockdowns emptied roads and shuttered car showrooms.
Bosch creates single unit to oversee software, systems development – Reuters
(Reuters) – Germany’s Robert Bosch GmbH, the world’s largest auto parts supplier, said on Tuesday it is consolidating its software and electronics expertise in a single division, in order to get new digitalized vehicle functions on the road significantly faster.
Yokohama Tire Earns Third Consecutive Subaru Supplier Award
For the third year-in-a-row, Yokohama Tire Corp . was recognized by Subaru of Indiana Automotive (SIA) with a supplier’s award. This earned the tiremaker a spot in in the prestigious Superior Excellent Performance category. Yokohama earned the award for its supply of the AVID S34P (P225/40R18 88V) tires on the Impreza and AVID GT S35 on the Legacy (P225/55R17 97V and 225/50R18 95V) and on the Outback (225/65R17 102H and 225/60R18 100H).