In a world characterised by political uncertainties, the automotive industry provides one global constant – the onward march of China’s new car market. China overtook the US as the world’s biggest car market in 2010 and last year consolidated that position with 25.7 million cars sold – that’s eight million more than the US.
BENTONVILLE, Ark. — Walmart Inc. has honored Giti Tire (USA) Ltd. with a U.S. Manufacturing Award that recognizes offshore suppliers that have initiated production in the U.S.
The term generic might imply a reasonable, cost-effective choice at the grocery store, but Fiat Chrysler Automobiles CEO Sergio Marchionne says it’s no way to think about cars. Brands matter, and they will matter even more for automakers if automation and artificial intelligence become dominant features in the auto industry as expected.
CLERMONT-FERRAND, France—Hyundai Motor Co. has entered into a technical partnership with Michelin to develop tires for electric and luxury vehicles.
The co-operative deal links the companies’ research and development work and will enable Hyundai to strengthen its capabilities in tire performance technology, the South Korea car maker said.
Hyundai representatives visited Michelin’s R&D center in Clermont-Ferrand to sign the agreement.
“Within the partnership, Hyundai Motor and Michelin will work together to develop a new all-season tire for electric vehicles,” Hyundai said.
The global automotive rubber seal market is expected to cross $ 14.5 billion by 2022, says a TechSci Research report. The driving factors include rising demand for rubber seals from OEMs, growing rubber seal sales in the replacement market across the globe, and increasing penetration of passenger cars in developing countries.
Hankook Tire reports that it is currently discussing original equipment tyre supply opportunities with “several top-tier US auto manufacturers,” with a view to becoming the original equipment supplier for a “handful of popular 2019 models.” The tyre maker says it is also negotiating “notable partnerships” in the USA for this year.
Auto manufacturers and dealers have made major adjustments to meet demand in the digitized auto market. High performance is taking a back seat to vehicle connectivity as a growing sales driver. Online research now is the preferred way to assess a car’s value.
The might of the US rubber industry over the years has grown by leaps and bounds. Changing with the times, the region continues to be a major force in terms of rubber and tyre consumption apart from being a major producer and consumer of synthetic rubber (SR), a host of speciality rubber chemicals and home to a booming US$130 billion medical devices market, the largest in the world. The region is also fiercely competitive in all aspects of the wider tyre market — passenger car tyres, truck and bus tyres, agricultural tyres and OTR tyres.
The United States’ rubber industry has an eventful past, a pulsating present and a challenging future. During the late 19th century, Ohio emerged as the leader of rubber production in the United States. Numerous rubber companies
Countries around the world—especially China, France, the U.K., and Norway—are aiming to phase out the sale of new fossil-fuel vehicles entirely between 2025 and 2040. So it’s in automakers’ best interests to begin planning and investing now in vehicle lineups that will comply with that regulatory environment when it comes. But the…
MILAN — More than 60 percent of the Formula 1 race tires Pirelli Motorsport supplied to the sport’s teams on race weekends last year went unused, according to figures the tire maker released recently.