Bridgestone: 98% of tier 1 suppliers acknowledge procurement policy

The aim at Bridgestone Group is to use “100 per cent sustainable materials” by 2050 and beyond, and last year the tyre and rubber company introduced a new procurement policy to steer it towards this end. Under a partnership it began with CSR evaluation specialist EcoVadis in 2018, Bridgestone is now assessing its suppliers’ current sustainability practices and looking at what support may be needed to improve performance.

Together with EcoVadis, Bridgestone is monitoring and rating the environmental, social and ethical performance of its suppliers to help identify and evaluate qualified suppliers, promote best practices, and serve as a communication and improvement tool for the industry as a whole.

Read the source article at Tyrepress

Continental Appoints John Cox to Enhance Support for ContiLifeCycle Retread Partners Worldwide

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FORT MILL, S.C. – April 12, 2019. Continental, one of the largest automotive suppliers and tire manufacturers in the world, has hired retread industry veteran John Cox to enhance process technologies for its ContiLifeCycle retread partners worldwide. The newly created position, Global Technical Services, emphasizes the company’s commitment to supporting partner shops producing ContiTread™ retreads.

“We are partnering with our retread shops around the world to maximize productivity and quality and to drive process innovation,” said Catherine Loss, Continental’s global head of retread. “Optimizing each shops’ processes and systems allows us to deliver the superior quality and service levels that our global fleet customers expect, so they can achieve the lowest overall driving cost.”

Cox has more than 20 years of experience in the North American retreading industry, working for the industry-leading corporate supplier as well as directly in retread manufacturing. This experience as both a supplier and customer gives Cox a unique perspective on how to implement practical improvements throughout the process. He also supported the development of IT software solutions for retread manufacturing, ensuring that Continental’s systems will continue to support the needs of ContiLifeCycle partners. His broad experience and expertise will deliver actionable recommendations to improve both Continental and dealer processes.

With close to 60 ContiTread™ retread shops worldwide, 30 located in the U.S. and Canada, Continental delivers the support network that independent retreaders need to thrive. Two U.S. partners, Piedmont Truck Tires and Conlan Tire, opened additional locations in 2018, a testament to the growth that ContiLifeCycle partners can experience.

One of the largest automotive suppliers and tire manufacturers in the world, Continental develops pioneering technologies to make fleets safer, more efficient, and more connected. With innovative tire technology and digital fleet solutions, Continental optimizes tire lifecycle management to deliver the Lowest Overall Driving Cost.

Improving electric vehicle economics | McKinsey

The future looks bright for electric-vehicle (EV) growth. Consumers are more willing than ever to consider buying EVs, and sales are rising fast. Most major markets have consistently registered 50 to 60 percent growth in recent years, albeit from small bases. More new models from a growing cadre of automotive OEMs make finding a suitable EV easier: in 2018 alone OEMs launched about 100 new models and sold two million units in total globally.

Read the source article at McKinsey & Company

CEO Jim Hackett: Trust that Ford is ‘turning the corner’

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DETROIT — Ford Motor CEO Jim Hackett on Tuesday asserted that the automaker is “turning the corner” and will have positive news in the coming months. Speaking at the Detroit Economic Club, Hackett reiterated that 2019 will be a “year of execution,” a phrase he has used since describing 2018 as disappointing in a year-end letter to employees. The automaker made $7 billion last year with a profit margin of 4.4 percent, down from 6.1 percent in 2017. “No one in the company was proud,” Hackett said.

Read the source article at Automotive News Europe

VW eyes buying big stake in China partner JAC, report says

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HONG KONG — Volkswagen Group is exploring purchasing a big stake in its Chinese electric-vehicle joint-venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. The move by VW, the largest foreign automaker in China, to buy into JAC is the latest step by foreign automakers to increase their stakes in their Chinese joint venture partners or in the ventures themselves since Beijing relaxed ownership rules last year in the world’s biggest car market. BMW agreed in October to buy control of its main joint venture in …

Read the source article at Front Page

Global Automotive Aftermarket Industry

This report analyzes the worldwide markets for Automotive Aftermarket in US$ Million by the following Product Segments: Mechanical Products, Electrical Products, Electronic Products, Exterior & Structural Products, Motor Oil, Fluids & Additives, and Appearance Chemicals.

Read the full report: https://www.reportlinker.com/p04778726/?utm_source=PRN 

The report provides separate comprehensive analytics for the US, CanadaJapanEuropeAsia-PacificMiddle East & Africa, and Latin America.  Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. 

Read the source article at PR Newswire

Prometeon adds Tier 3 TBR brand; Tier 2 brand to follow

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MILAN, Italy — Prometeon Tyre Group S.r.l., the former Pirelli industrial tire business, has launched a Tier 3 associate truck/bus tire brand as part of the company’s move to a multi-brand approach.

Developed with a special focus on safety, the “Anteo” brand will complement Pirelli as Prometeon’s premium brand, the company said, while an as-yet-unnamed Tier 2 brand is being developed as well for launch later in 2019.

Read the source article at Tire Business

Rubber fell 70% in 7 years. Will the bear market last for 10 years?

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Rubber prices experienced a surge in the period from 2009 to 2011, during which the increase was as high as 240%, which in turn led to a large expansion of the planting area in the producing countries, resulting in a serious oversupply. Although the international rubber futures price has risen by 16% this year, it […]

Read the source article at Global Rubber Markets News

Yokohama’s Tire Specs App Wins iF Design Award

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Yokohama Tire’s new tire specs app for dealers is the recipient of a prestigious 2019 iF Design award.

The app received this recognition in the iF Design service design category. Yokohama has designed the app to help empower its consumer, commercial and OTR dealers to demo and showcase its products to customers as per their specific needs.

Read the source article at Autosphere.ca

Micronized Rubber Powder Market Production Analysis and Demand 2019

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Global Micronized Rubber Powder market size will increase to 55 Million US$ by 2025, from 37 Million US$ in 2018, at a CAGR of 5.9% during the forecast period.

Read the source article at The Market Research News