Reporter’s notebook: Be warned: US$25 Oil is coming, and along with it, a new world order

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The world as we know it, will be no longer. The balance of power on a global scale will shift. All in the next decade. Sounds dramatic right? But independent think tank RethinkX believes it to be true, because of rapid advances in technology, and specifically the advent of self-drive or autonomous cars.

 

Read the source article at cnbc.com

General Motors to push for sustainability in tire industry

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Transforming the global rubber and tire supply chain to create lasting, environmentally sound sustainable rubber production requires a collaborative approach. Through an industry-first commitment to sourcing sustainable natural rubber in its tires, General Motors is helping drive the industry toward net-zero deforestation and uphold human and labor rights.

Read the source article at Traction News

Continental Invests In Its North American ContiTech PVC Hose Manufacturing Competence Center

Continental is investing approximately $12 million in its ContiTech PVC hose business in North America and is expanding its manufacturing capabilities and production capacities into a new state-of-the-art competence center at its upgraded plant in Mount Pleasant, Iowa, to modernize the industry hose production.

Read the source article at Aftermarket News

Matthias Müller, VW Chief, Is Suspected of Market Manipulation

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FRANKFURT — Volkswagen’s emissions scandal reached deep into the company’s boardroom on Wednesday after German prosecutors said they were investigating Matthias Müller, the carmaker’s chief executive, on suspicion of market manipulation.

It is the first time that Mr. Müller has been officially identified as a suspect in the scandal, which has already cost Volkswagen tens of billions of dollars in settlements and fines for having installed software known as a “defeat device” in diesel vehicles to help them bypass emissions standards.

Volkswagen has already agreed to pay criminal and civil penalties of $4.3 billion under the terms of a plea agreement with American authorities, a piece of the overall $22 billion in settlements and fines in the United States. Six executives have so far been charged in the United States, and one engineer has pleaded guilty to conspiring to defraud regulators and car owners.

Read the source article at The New York Times

Tire Cord and Tire Fabrics Market: Latest Trends,Analysis & Insights 2023

With only a few companies raking in the highest revenues, the global tire cord and tire fabrics market exhibits a consolidated vendor landscape, observes Transparency Market Research (TMR) in a new report. Small players operating in the market pose considerable threat to the leading players, as they provide cheaper alternatives to products manufactured by bigger companies. Nevertheless, large players usually capitalize on supply agreements and their goodwill in the market.

Read the source article at Press releases

Japan’s automakers scramble to fill truck gap

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TOKYO — Stung by lower profits and softening sales, Japan’s automakers are scrambling to produce more of the only vehicles that seem to sell these days: crossovers, pickups and SUVs. Virtually every company — from Japanese juggernaut Toyota to Mazda and Mitsubishi — amplified plans to tilt lineups more toward light trucks and, in some cases, even introduce new nameplates in the segment.

Read the source article at Front Page

GM award “additional proof” of Hankook Tire’s technology & quality

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Hankook Tire has commented on its recognition as a General Motors Supplier of the Year. The company was one of five tyre makers to gain this distinction at the vehicle manufacturer’s 25th annual Supplier of the Year awards ceremony, which was held in Orlando, Florida at the end of March.

Read the source article at Tyrepress

Register Today – Tire & Rubber Summit 2017: Navigating the New Normal in International Trade

Join us on June 19th and 20th in King City, Ontario, to explore the latest developments in the Canadian tire and rubber industry.

These are tumultuous times for international trade, so it’s no surprise that the Summit 2017 will focus on the questions of trade, as the Canadian rubber manufacturers and suppliers face profound challenges brought on by global economic and political changes.

As NAFTA comes under fire, the Canadian industry is inundated with trade agreements between Canada and E.U., and potential agreements with South America (Mercosur) and a seeming fast-paced pivot to China, with others coming on soon.

With NAFTA renegotiations underway, the U.S. is raising prospects of a border tax on automotive products, and disregarding how deeply integrated the automotive industry is across North America, causing a major concern for the automotive industry, a principal industry for tire and rubber manufacturers.

Tire & Rubber Summit 2017 comes at a critical time and may be the perfect anecdote to make sense of it all with learned colleagues and expert panelists to discuss the major issues and challenges affecting our businesses, our market and our country. 

 

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Read the source article at Home – Rubber Association of Canada

Nokian Tyres: Net sales and profit up in Q1 2017

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Net sales were up at Nokian Tyres in the first quarter of 2017 as was, despite increased raw material costs, net profit. Andrei Pantioukhov, the tyre maker’s interim president and chief executive officer, declared that Nokian Tyres “had a strong start of the year” and “demonstrated strong performance in all our main market areas.”

Read the source article at Tyrepress

India: Rubber production up 22%, belies growers’ claims

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The ongoing tug-of-war between natural rubber growers and consumers bears this out in ample measure.

The tussle relates to the state of rubber growers, and their claims that heightened imports have impacted domestic rubber production, which is contested by the tyre industry.

According to the latest data from the Rubber Board, natural rubber production actually increased in 2016-17 by 22 per cent over the previous year, Additionally, rubber imports declined by 7 per cent.

Rubber Board officials attributed the increased production to improved market price and the Board’s initiatives, including mass contact programmes to improve production and productivity.

 

The data effectively belies the rubber growers’ claims and validates the tyre industry’s diametrically opposite view.

With improving availability of natural rubber in the domestic market, there is a perceptible drop in rubber imports, says Satish Sharma, Chairman Automotive Tyre Manufacturers Association (ATMA).

“That lends credence to the tyre industry’s stand that natural rubber imports are only taking place to compensate for the domestic deficiency or in view of non-availability of certain grades of rubber on quality parameters,” he said.

ATMA also rebuts the claim that rubber imports are down because domestic prices are ruling lower than international prices.

 

Read the source article at Global Rubber Markets News