DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks. New math to determine what qualifies as vehicle content, what limits apply to allow tariff-free auto imports and how long companies would have to comply under a new NAFTA agreement will likely not move the needle for Detroit automakers in particular, industry executives and supply chain experts said. Automakers are unlikely to uproot billions of dollars of investments in plants and supply chains. And those that …
NEWMARKET, Ontario, May 09, 2018 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX:BOS) ($US except where otherwise noted) Highlights: Consolidated net sales increased by 15.2% to $80.5 million Net sales in the Engineered Products’ defense business more than doubled EBITDA increased by 7.2% to $7.5 million Quarterly dividend paid of C$0.07 per share Basic and diluted earnings per share of $0.14 per common share compared to $0.12 per common share in Q1 2017 Three months ended March 31 (In thousands of US dollars) 2018 2017 Net Sales 80,549 69,927 Gross …
E-Commerce Automotive Aftermarket to Witness a Pronounce Growth During 2017 to 2025 Albany, NY — ( SBWIRE ) — 05/11/2018 — Global E-commerce Automotive Aftermarket Market: Overview The automotive industry is flourishing in the emerging economies of China and India on the back of increasing income per capita of the urban populations. Since these two countries are vastly populated, the automotive industry is expected to continue gaining new demand for a foreseeable future.
DETROIT — Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks. New math to determine what qualifies as vehicle content, what limits apply to allow tariff-free auto imports and how long companies would have to comply under a new NAFTA agreement will likely not move the needle for Detroit automakers in particular, industry executives and supply chain experts said.
SEOUL, South Korea—Kumho Tire Co. Inc. suffered an 81.2 percent drop in pre-tax operating profit for fiscal 2017, on 2 percent lower sales.
Kumho’s earnings before interest, tax, depreciation and amortization (EBITDA) fell to $57.4 million on sales of $2.55 billion, according to the company’s fourth quarter investor relations documents. As a result, the operating ratio fell more than nine points to 2.3 percent. The operating result turned red to the tune of $139 million. Kumho did not report net earnings.
HILTON HEAD ISLAND, S.C. — Demand for carbon black by U.S. tire makers is starting to outstrip supply, and that isn’t likely to change any time soon.
LAS VEGAS — Pirelli & C. S.p.A. has long touted its tires as original equipment on many of the world’s finest automobiles, but with its new Scorpion All Terrain Plus light truck and SUV tire, it’s focusing squarely on the North American replacement market. The Scorpion AT Plus is the first product line Pirelli has developed as a replacement line only, Andrea Clerici, the company’s vice president of car replacement sales for the U.S., said.
AKRON—Tightness in silicone supply is straining the market, bringing on higher prices and causing trouble for steady sources, with no relief in sight until at least 2019, industry insiders said.
Falken Tires has been selected as original equipment supplier to the 2019 Volkswagen Jetta, providing fitments for both 16-inch as well as 17-inch with its Sincera SN250A All-Season tire. Sizes include 205/60R16 92H and 205/55R17 91H.
Falken began production in late March 2018 at parent company’s Sumitomo Rubber’s Thailand plant. Markets served for the new Jetta equipped with Falken-branded tires include all of North America, with 16-inch tires available this June.
GOOSE CREEK, S.C.—A new liquid sodium silicate facility at the Charleston International Manufacturing Center at Bushy Park in Goose Creek is a bid to support companies like Evonik Industries.