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

Unique Fabricating, Inc. Reports First Quarter 2017 Financial Results

AUBURN HILLS, Mich.May 10, 2017 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the first quarter ended April 2, 2017.

First Quarter 2017 Financial Highlights

  • Revenue of $47.9 million in the first quarter 2017, up 19.7% compared to $40.0 million in the first quarter 2016
  • Net income of $2.0 million, or $0.21 per basic and diluted share in the first quarter 2017, compared to $1.8 million, or $0.19 per basic and diluted share in the first quarter 2016
  • Adjusted EBITDA of $5.4 million in the first quarter 2017, including $1.6 million for non-cash charges specifically related to depreciation and amortization and non-cash stock awards, compared to $4.4 million in the first quarter 2016, including $1.2 million for non-cash charges specifically related to depreciation and amortization and non-cash stock awards(1)
  • Adjusted diluted earnings per share of $0.23 in the first quarter 2017 versus $0.21 in the first quarter 2016(1)
  • Declared a quarterly cash dividend of $0.15 per share payable on June 7, 2017 for stockholders of record as of May 31, 2017

Read the source article at PR Newswire

Giti releases details of 6 Giti-branded tyres on CV Show 2017 stand

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Giti Tire has released details of the six new Giti branded patterns that will be launched at CV Show 2017 (Birmingham NEC, 25-27 April). On show at stand 4G20 will be the GDR655 combi-road drive in 22.5”; the GTL919 long-haul trailer in 17.5”, 19.5”, and 22.5”; the GDR638 regional drive in 17.5” and 19.5”; the GT867 all-position urban in 22.5”; and the GAM837 all-position and GAM851 trailer mixed service patterns in 22.5”.

The manufacturer said these models have been carefully selected to support its growing OEM presence throughout Europe or to target specific aftermarket sectors where growth potential has been identified. They each carry either the three-peak mountain snowflake (3PMSF) or M&S marking.

Read the source article at Tyrepress

Caterpillar Recognizes Yokohama

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Yokohama Tire Corporation earns Platinum Supplier Award from Caterpillar.

For the fifth year in a row, Yokohama has earned Caterpillar’s premier supplier award: the Platinum Level Recertification in its Supplier Quality Excellence Process.

The award went to Yokohama’s factory in Onomichi, Japan, which produces OE and replacement off-the-road (OTR) tires for a wide range of equipment.

Read the source article at Autosphere.ca

Michelin Wins Four J.D. Power Original Equipment Tire Awards

GREENVILLE, S.C.March 29, 2017 /PRNewswire/ — Michelin has been awarded top honors in all four segments of the 2017 J.D. Power Original Equipment Tire Customer Satisfaction Study. The four new awards in 2017 raise Michelin’s win total to 84 all-time since the J.D. Power tire study began in 1989. This tally represents four times more awards than all other tire manufacturers combined.

Michelin swept the industry’s top honors in the Luxury, Passenger Car, Truck/Utility and Performance Sport segments. It was the company’s 14th consecutive highest ranking in the Luxury category, ninth consecutive top ranking for Passenger Car and second consecutive top ranking in the Truck/Utility category.

“Michelin has always been committed to providing our automotive manufacturing partners with a premium product that meets their performance and safety needs,” said Nicolas Duriez, vice president of operations for passenger and light truck original equipment tires, Michelin North and South America. “It is great to see our close collaboration validated by our partners’ most important customers – the purchasers of new vehicles.”

The 2017 U.S. Original Equipment Tire Customer Satisfaction Study is based on responses from more than 29,622 original owners of 2015 and 2016 model-year vehicles. Satisfaction is examined in four measures: tire wear, tire ride, tire appearance and tire traction/handling. The study was fielded in October through December 2016. More information about the 2017 O.E. Tire Customer Satisfaction Study can be found HERE.

Read the source article at PR Newswire

Michelin gains 3 ‘supercar’ OE fitments

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CLERMONT-FERRAND, France — Group Michelin has invested more than two years in the development of tires for recently launched ultra-high-performance sports cars.

Read the source article at Tire Business

HF tops global tire & rubber machinery rankings

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London – HF Group (Harburg – Freudenberger AG) has retained its status as the world largest tire & rubber machinery maker, according to the findings of the ERJMachinery Survey 2017.

Despite a 5% fall in sales, German-based HF, which includes Farrel Ltd and Pomini Rubber & Plastics extended its lead in the global ranking by sales, published annually by European Rubber Journal magazine.

VMI leapfrogged into second slot on the table just by holding business at prior-year levels….

Read the source article at European Rubber Journal

Jeep Compass Rides On GEOLANDARs

The GEOLANDAR G055 boasts all-season performance and extended treadlife, thanks to Yokohama’s orange oil technology.

Yokohama says the GEOLANDAR G055  has been selected as one of the tires for the all-new Jeep Compass. The fitment will cover the North American market, including Canada, in size 225/55R18 98H.

Read the source article at Autosphere.ca

Yokohama Tire Earns Platinum Supplier Award From Caterpillar

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For the fifth consecutive year, Yokohama Tire Corp. has earned Caterpillar’s premier supplier award: the Platinum Level Recertification in its Supplier Quality Excellence Process (SQEP). The award went to Yokohama’s factory in Onomichi, Japan, which produces OE and replacement off-the-road (OTR) tires for a wide range of equipment.

Read the source article at Aftermarket News

Falken, Yokohama get Jeep OE fitments

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KRON (March 13, 2017) — FCA Group has selected tires from Sumitomo Rubber North America (SRNA) and Yokohama Tire Corp. (YTC) as OE fitments on selected versions of the 2017 Jeep Compass, the car maker’s compact four-wheel-drive, four-door hatchback.

FCA has chosen SRNA’s Falken Wildpeak H/T 01A2 as an OE fitment on the “trail-rated” Compass Trailhawk and the all-season Yokohama Geolandar G055 as a fitment on the Compass.

The Falken fitment, in size 215/65R17, is the second fitment for the Wildpeak H/T 01A2 on a 2017 Jeep, according to Sumitomo Rubber North America (SRNA), producer and marketer of the Falken brand. FCA also specs the tire for the Jeep Renegade Trailhawk. Rick Brennan, vice president of marketing for SRNA/Falken Tires, called the Wildpeak a “natural fit” for the Jeep Compass, noting its shoulder designed for optimal handling on multiple surfaces.

Read the source article at Tire Business