U.S. car dealers may see an increase in Democratic shoppers and, conversely, a decrease in Republican purchase intenders because of the results of the Nov. 3 presidential election, says Charlie Chesbrough, Cox Automotive’s senior economist.
“Democrats may be more likely to buy a vehicle” because they’re elated that Democrat Joe Biden is President-elect, he says, even though incumbent Donald Trump has yet to concede.
Read the source article at WardsAuto
If haven’t got your winter tires on now, you may have to wait a while. Thanks to COVID-19, there could be a decrease in supply. Production slowed down once lockdowns went into effect last spring. Plus, closures meant some drivers couldn’t visit mechanics and spent the summer driving on their winter tires; now, those tires will need to be replaced. In the last few weeks, there has been a rush to get winter tires put on.
Read the source article at Home – The Globe and Mail
Oct 29 (Reuters) – Industrial materials maker DuPont on Thursday forecast full-year profit above Wall Street expectations as it kept a tight check on costs and benefited from a recovery in the automotive industry, one of it biggest markets. The company, which makes everything from brake fluid to fabric used in protective garments, has been cutting costs to battle weak demand in several industries due to the COVID-19 pandemic.
Read the source article at Business News
SEOUL — LG Chem plans to triple production capacity for cylindrical batteries used by Tesla and others and is considering expansion in Europe and North America to meet surging demand, the supplier said on Wednesday. The South Korean company forecast a further rise in its battery sales and profit in the fourth quarter after posting record quarterly earnings thanks to growing demand for EV batteries.
Read the source article at Front Page
MILAN (Reuters) – When the coronavirus pandemic forced Italian tyremaker Pirelli PIRC.MI to temporarily shut its factories in March, R&D chief Pierangelo Misani needed a rapid rethink. With a new range of products due to be launched by early next year at the latest, Misani scrambled technicians and IT teams to get more research and development shifted online so locked down engineers could test materials and tyres virtually.
Read the source article at reuters.com
David McClean, the event’s marketing director, says the show’s host, the Ontario-based Trillium Automobile Dealers Assn., has been working with manufacturers, sponsors and exhibitors to establish an effective and interactive virtual show from Feb. 12-21.
Read the source article at WardsAuto
René Rast was the man of the hour in the DTM, bagging a brace of wins at the first of two race weekends in Zolder, Belgium. Starting from pole, the Audi driver won Saturday’s opening race by a margin of over 18 seconds, ahead of fellow Audi racers Robin Frijns and Nico Müller.
Read the source article at Global Rubber Markets News
SEOUL, South Korea — Nexen Tire Co. Ltd. has developed an artificial intelligence-based technology that it claims will allow it to reduce both tire noise and pass-by noise generated by cars and tires.
The company said the AI- and big-data-base “prediction system” has been in development since 2018 in partnership with Hyundai-Kia Automotive Group and Inha University in Korea and will help it increase customer satisfaction, improve the environment and research and development (R&D) time and costs.
Read the source article at Tire Business
A consulting group predicts we might just… never go back to driving as much as we did before Covid. Of course, I’m thrilled at the idea of it, even though I’m sure all of you other drivers will still find a way to do exactly the speed limit in front of me in the far left lane anyway. All that and more in The Morning Shift for October 5, 2020. A new report in Bloomberg discusses how quarantine has trashed our collective mileage, and also notes that our high point may have been the mid-2000s.
Read the source article at Jalopnik
Pirelli is to exclusively equip the new McLaren 765LT.
The P Zero Trofeo R tire was chosen as the starting point for this latest collaboration. Now the Trofeo R has been further refined in a joint effort from Pirelli and McLaren to meet the high-performance requirements of this latest car. For drivers who are less inclined to use their cars on track, the Pirelli P Zero tires are also available.
Read the source article at Autosphere.ca