Reporter’s notebook: Be warned: US$25 Oil is coming, and along with it, a new world order


The world as we know it, will be no longer. The balance of power on a global scale will shift. All in the next decade. Sounds dramatic right? But independent think tank RethinkX believes it to be true, because of rapid advances in technology, and specifically the advent of self-drive or autonomous cars.


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Apollo’s state-of-the-art new factory in Hungary

We take a trip to the tire maker’s state-of-the-art new factory in Hungary, which at the end of phase 1, will have a production capacity of around 5.5 million passenger car and light truck tires and 675,000 commercial vehicle tires annually. More in the July issue of TTI 

Read the source article at Tire Technology International

Michelin Says Stop Buying Tires Early


When do you change the tires on your car? Although the legal minimum is 1.6 mm of tread, many experts advise replacing rubber at around 3.0 mm. This is because tires are generally believed to perform at their best with lots of tread — but now Michelin has taken the unusual step of warning consumers that this is wrong and swapping tires early is pointless.

The tire manufacturer has hit out at the common belief that tires become less efficient as they wear, explaining that its premium rubber performs better with 1.6 mm of tread than some budget brands with full tread. It also says that tires become more fuel efficient as they wear and rolling resistance decreases, meaning drivers could be using more fuel by changing early.

If everyone in the EU changed their tires at 3.0 mm rather than 1.6 mm, they’d spend €6.9 billion (almost $7.7B) a year in unnecessary tire purchases and additional fuel consumption says Michelin. It adds that it would result in 128 million additional tires being used a year in Europe — which would cause nine million tons of additional CO2 emissions every year.

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Racing Legend Mario Andretti Competes Against Fans in Firestone Social Media Challenge


NASHVILLE, Tenn.May 16, 2017 /PRNewswire/ — Firestone, a leading tire brand offered by Bridgestone Americas, Inc. (Bridgestone) and the official tire of the Verizon INDYCAR Series®, is giving fans the opportunity to race Mario Andretti, the greatest race car driver of all time, as part of a five-week series of video posts on social media. As today’s IndyCar drivers prepare to compete in the 101st Running™ of the Indianapolis 500® on May 28, Andretti will challenge followers of Firestone for the second straight year to race him as they perform fun, everyday tasks.


Read the source article at PR Newswire

Matthias Müller, VW Chief, Is Suspected of Market Manipulation


FRANKFURT — Volkswagen’s emissions scandal reached deep into the company’s boardroom on Wednesday after German prosecutors said they were investigating Matthias Müller, the carmaker’s chief executive, on suspicion of market manipulation.

It is the first time that Mr. Müller has been officially identified as a suspect in the scandal, which has already cost Volkswagen tens of billions of dollars in settlements and fines for having installed software known as a “defeat device” in diesel vehicles to help them bypass emissions standards.

Volkswagen has already agreed to pay criminal and civil penalties of $4.3 billion under the terms of a plea agreement with American authorities, a piece of the overall $22 billion in settlements and fines in the United States. Six executives have so far been charged in the United States, and one engineer has pleaded guilty to conspiring to defraud regulators and car owners.

Read the source article at The New York Times

Japan’s automakers scramble to fill truck gap


TOKYO — Stung by lower profits and softening sales, Japan’s automakers are scrambling to produce more of the only vehicles that seem to sell these days: crossovers, pickups and SUVs. Virtually every company — from Japanese juggernaut Toyota to Mazda and Mitsubishi — amplified plans to tilt lineups more toward light trucks and, in some cases, even introduce new nameplates in the segment.

Read the source article at Front Page

Goodyear launches Worry Free Assurance warranty program


oodyear has rolled out their own emergency assistance service, and the best part is, it’s free. The Goodyear Worry Free Assurance, the first latest, and most comprehensive warranty coverage from Goodyear Philippines.

Unlike other emergency roadside assistance which is attached to a vehicle warranty, Goodyear’s Worry Free Assurance is not attached to the car that would last only 10-15 years, but to a set or even just a pair of Goodyear tires. This benefits those owners of older cars who no longer have emergency roadside assistance for free. The new Worry Free Assurance is also now the standard warranty that comes with the purchase of select models of Goodyear tires.

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Top 10 biggest automakers in the world


Cars and commercial vehicles continue to be sold at a prodigious pace around the world, with 2016 enjoying a 5.6 per cent increase in auto sales over 2015. In total, more than 84 million cars and light commercial vehicles moved from manufacturers into consumer or company hands last year, the majority going to the top 10 countries of China, USA, Japan, Germany, India, the UK, France, Italy, Brazil and Canada — in that order.

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Continental to step up spending on electric car drives


BERLIN/FRANKFURT (Reuters) – Car components maker Continental AG is set to invest an extra 300 million euros ($326 million) in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday.

The world’s second biggest supplier to vehicle manufacturers by sales, Continental is also strengthening its expertise in automotive electronics as customers such as Volkswagen (VOWG_p.DE), Daimler and Ford raise their investments in electric and self-driving technologies.

By raising spending on development of new products such as charging systems and battery management components, Continental may generate an additional 2 billion euros in sales by 2025, Chief Executive Elmar Degenhart said.


Read the source article at Yahoo

Four tire makers among GM’s top suppliers


ORLANDO, Fla.—Bridgestone Corp., Hankook Tire Co. Inc., Kumho Tire Co. Ltd. and Michelin North America Inc. all earned “Supplier of the Year” honors for 2016 from General Motors Co. at the car maker’s recent annual awards ceremony.

Read the source article at Rubber and Plastics News