WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan.
Canadian new-vehicle sales fell for the eighth consecutive month in November, down 8.2 percent when compared with the same month last year, according to the Automotive News Data Center in Detroit.
BMW shares rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported U.S.-built cars shipped to the world’s biggest automotive market. Daimler and Volkswagen Group also rose sharply. BMW and Daimler, which export SUVs from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury automakers.
Rising incomes in emerging markets have led to the rapid growth of motorcycle ownership, particularly in Asia, resulting in a strong increase in motorcycle tire sales. Growth is being driven by the increasing number of households in industrializing regions that are now able to afford motorcycles.
Motorcycle tire market demand is estimated to rise to $19.4 billion in 2023, representing an annual compound growth of 6.5% from $14.2 billion in 2018, according to Smithers Rapra data.
In the report The Future of Motorcycle Tires to 2023, Smithers Rapra attributes growth to rising living standards, urbanization and mobility improvements, demographics, and technological changes. Those with disposable income are showing growing interest in motorcycles, including electric and self-balancing models and other new technologies.
The highest growth is seen in the Asia-Pacific region, driven by China and India. Data shows that by 2023, Asia-Pacific’s region share will be over 16 million units. Japan-based multinational companies such as Honda, Kawasaki, Suzuki and Yamaha dominate the two-wheeler sector’s world market.
Trends in mobility
The evolution of mobility and transportation technologies, along with road conditions, play a role in customer preferences, driving patterns, tire wear, and ultimately motorcycle and tire design.
The role of motorcycle tires is complex, and they must satisfy performance and safety parameters depending on the application and type of motorcycle. There is extreme variation of motorcycle tire types depending on vehicle characteristics, intended driving surfaces, and tire construction.
Evolving tire construction
Developments in tire materials continue to include new compounds, as well as a greater range of compounds, to optimize the attributes most required by industry and to better target tires to applications, according to Smithers Rapra.
Among performance and safety attributes, grip remains the most important and is still being improved even as other attributes compete for attention. A trend towards a richer silica content is ongoing, owing to the importance of grip. Carbon black is also important, with the grades used in motorcycle tires similar to those used in ultra-high-performance and race car tires. Traditionally, all motorcycle tires were bias ply. A clear trend for motorcycles up to 400cc is the increased use of radial tires, especially seen in Asia and South America where they are equipped on more sporty motorcycles.
The impact of electrification
Electrification will initiate further tire evolution, as will the requirements of motorcycle connectivity and progressive automation, leading eventually to ‘smart’ tires. Tires will be expected to have sensors measuring and reporting pressure, temperature, grip, road surface conditions, and tire wear/condition.
Smithers Rapra market report The Future of Motorcycle Tires to 2023 offers in-depth analysis of the economic demand and growth of the global motorcycle tire market from 2018-2023, and cutting-edge technology developments in materials, components, design, and safety attributes.
Even with a noticeable decline in the number of pickups being sold in 2018, trucks remain big business in Canada. In fact, from a market share perspective, pickups remain more popular in Canada than south of the border. Pickups account for 20 per cent of Canadian auto sales and 19 per cent in the U.S.
VANCOUVER (Reuters) – British Columbia’s premier said on Tuesday his government will introduce legislation next year that will require all new light-duty cars and trucks sold in the province by 2040 to be electric or zero-emission vehicles. Premier John Horgan said […]
BERLIN — European Commission President Jean-Claude Juncker signaled that Europe’s avoidance of extra U.S. car tariffs might last only until year-end, the latest indication of the fragility of the trans-Atlantic truce reached in the summer. U.S. President Donald Trump agreed with Juncker at a meeting in Washington in July to hold off new duties while the two sides work toward reducing tariffs and non-tariff barriers on industrial goods shipped between the European Union and the U.S. “We had achieved that there will not be a new trade conflict over the summer months until the end of the …
PADOVA, Italy — Pirelli Tyre is reviving production of bias-ply tires for classic car owners who are after the look and feel of tires used originally on their decades-old cars but built with modern materials and techniques for enhanced performance and…
If you made a list of words that pop into your head when you think of Canada, winter might just come ahead of politeness, beavers and hockey.
But in some of the places with the lousiest winters, there are still Canadians who don’t drive with winter tires.
In a recent survey by the Tire and Rubber Association of Canada (TRAC), 66 per cent of Canadians said they own winter tires. Provincially, that ranges from a high of 86 per cent in Quebec, where winter tires are required by law, to a low of 48 per cent in Manitoba and Saskatchewan.
MIAMI — Oriente Tire USA, a new independent company created by tire industry veterans Gus Lima and Marco Zigni, has become the exclusive U.S. distributor for tires manufactured by Kirsehir, Turkey-based Petlas Tire Corp.