Decade of growth for auto parts industry may soon be over

The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs and huge demands for r&d spending could bring the party to an end.

The combination of uncertainty over future technologies, lingering import tariffs and unsettled trade issues with key trading partners — China, Mexico, Canada and Europe — will erode supplier company values and stock prices, making it harder to keep up current spending demands, many now worry.

Read the source article at Automotive News Europe

Ten Things You Must See at the 2019 Goodwood Festival of Speed

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The Goodwood Festival of Speed is arguably the biggest public celebration of motoring in the world. For four days each year, the Duke of Richmond’s famous family residence, Goodwood House, becomes a focal point for any kind of road vehicle — from 19th Century pioneers to modern-day electric race cars and all points in-between.

Read the source article at gtplanet.net

Canada June light-vehicle sales down 9.5% as losing streak hits 16 months

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Sales of new vehicles in Canada fell 9.5 percent in June, extending the streak of monthly declines to 16. Unlike recent previous months, during which a single automaker managed to drag down the monthly overall sales total, every major automaker from Detroit to Japan posted declines. Bigger automakers, such as Nissan, Honda, Toyota, and FCA, all saw their sales fall. Nissan sales fell 13 percent, Honda sales were off 10 percent, FCA sales decreased 4 percent, and Toyota sales dipped 2.2 percent.

Read the source article at Front Page

GT Radial takes over Horiba Mira circuits for customer Ride and Drive Day

Giti Tire’s GT Radial Ride and Drive Day at Horiba Mira, held in partnership with exclusive brand distributor passenger for car, SUV/4×4 and light truck tyres, Micheldever Tyre Services (MTS), was attended by a capacity group of 40 new and existing customers.

Read the source article at Tyrepress

BMW joins Global Platform for Sustainable Natural Rubber

MUNICH, Germany—German car maker BMW A.G. has joined the Global Platform for Sustainable Natural Rubber, a coalition of stakeholders from across the natural rubber value-chain, including many major tire makers.

The move is a “rather logical approach,” considering the amount of rubber used in the automotive industry, the Munich-based company said.

“BMW needs around 24,000 (metric) tons of rubber a year for tires alone,” the company said, noting this decision links to its efforts to combat climate change.

Read the source article at Rubber and Plastics News

This Robot Will Make Any Car a Self-Driving Car

It may not be the future we want, but it’s undeniable that autonomous vehicles are coming. In the not too distant future, car and driver will become one and the same, and the cars we drive ourselves will eventually be replaced with those that drive themselves. But does that mean every car and truck on the road will need to be replaced with specially designed autonomous vehicles? Israeli startup IVObility has a better idea.

Read the source article at Car Reviews

Uniroyal Tires launches Tiger Paw Touring All-season tire

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Uniroyal Tires is launching the Tiger Paw Touring All-Season, a tire for passenger cars, minivans, CUVs and SUVs, in 114 sizes that will cover more than 196 million of the 245 million vehicles on the road today.

The new product offers consumers a 45-day ride guarantee and features an optimized footprint for even treadwear. Its all-season compound and high sipe density give the Tiger Paw Touring All-Season traction and biting edges for rain, light snow and muddy conditions.

Read the source article at Traction News

Goodyear dives deeper into fleet mobility services with ‘Borrow’ deal

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AKRON — Goodyear is teaming up with Prazo Inc., an electric car subscription company doing business as “Borrow,” to help it forecast and schedule needed tire maintenance and replacement on a timely basis.

Read the source article at Tire Business

GM Merger With Ford Looks More Likely

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Fiat Chrysler Automobiles proposed a merger with Renault that would create the world’s third-largest carmaker. The eroding economics of the industry make such deal more likely by the day. Deep trouble at Ford Motor and General Motors’ need for more heft to compete with rivals Toyota and Volkswagen make a marriage between the two largest car companies increasingly probable. 

Fiat Chrysler argues that a tie-up with Renault will lead to $5.5 billion in savings. As car sales have flattened in the United States and started to drop in China, the two largest markets in the world offer less hope for revenue improvement. Neither company has much of a sales footprint in China. Renault has none at all. Both have a strong market share in Europe, but it is one of the most competitive markets in the world. At the low end of the market, VW is the dominant force. At the high end, it is BMW and Mercedes.

Read the source article at MSN.com

U.S.-EU talks struggle, threatening a new front in trade war

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European Commission President Jean-Claude Juncker struck a Rose Garden truce meant to clear the way for negotiations to reduce tariffs on industrial goods and eliminate regulatory hurdles, those talks are showing few signs of going anywhere meaningful. European officials have blamed a Trump administration that has had little time for dealing with a bureaucracy in Brussels already held in low regard by many in the U.S. president’s orbit.

Read the source article at Automotive News Europe