Tire Recall: Antares Comfort A5 Tires

curata__lduAqZrKZArB2j3.jpeg

The National Highway Transportation Safety Administration (NHTSA) has announced that Zhaoqing Junhong Co. Ltd. has initiated a recall on 1,916 Antares Comfort A5 tires.

The tires were found to potentially experience sidewall separation while driving. Sizes involved in the recall include LT 225/75R16, 118/116S 10 PR and were produced between May 8 and May 21, 2017.

Purchasers of the effected tires can contact Zhaoqing customer service at 1-855-444-5120, or view the NHTSA’s recall report online.

Read the source article at Tire Review

Yokohama Rubber Reports Gains in Sales and Earnings in First Three Quarters of 2017

Company achieves increase of 39.7% in operating income while posting highest-ever net sales for first three quarters

Tokyo – The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first three quarters of 2017 (January to September). Profit attributable to owners of parent increased 96.4% over the same period of the previous year, to 16.7 billion yen, on a 39.7% increase in operating income, to 26.4 billion yen, and a 13.8% increase in net sales, to 466.8 billion yen. The figure for net sales was Yokohama’s highest ever for the first three quarters. 

The strong fiscal performance reflected robust results in Yokohama’s Tires segment. Operating income in that segment rose 14.8%, to 19.0 billion yen, on a 7.3% increase in sales, to 333.1 billion yen. Yokohama achieved the gain in operating profitability despite the adverse effect of upward movement in prices for raw materials. 

In the original equipment market for tires, Yokohama’s sales increased solidly overseas, led by

Read the source article at 企業サイトトップ

Winter tires now the fastest growing tire category in Canada

curata__ry2UNJI3ozqxkLW.jpeg

Winter tire use is gradually rising, but driver education about safety benefits remains essential to wintertime accident prevention. Four-in-ten drivers outside Quebec still do not own winter tires.

Cambridge, November 14, 2017 – Winter tire shipments across Canada have grown at an annualized rate of four per cent over the past five years making winters the fastest growing tire category, according to the Tire and Rubber Association of Canada (TRAC).

The growth of this category is due to efforts by tire makers, retailers and the government to educate drivers about the superior traction and shorter stopping distances provided by winter tires. Government incentives to make winter tires more affordable have also had a positive impact.

TRAC’s 2017 Canadian Consumer Winter Tire Study, conducted by Leger, found that 66 per cent of Canadian motorists ride on winter tires. But outside Quebec, where winter tires are the law, the percentage drops to 60 per cent. For the approximately 40 per cent of motorists found by the survey not to be using winter tires, the top reasons were the belief that all-season tires provide sufficient traction (51 per cent), reduced driving in winter (22 per cent) and cost (21 per cent).

Regionally, the 2017 study found:

  • 60 per cent of British Columbia drivers ride on winter tires
  • Alberta’s usage rate is 57 per cent
  • In Manitoba and Saskatchewan usage stands at 48 per cent
  • 59 per cent of Ontario drivers use winters
  • In Atlantic Canada, where winter tire usage is surpassed only by Quebec, the usage rate is 83 per cent

To support consumer education, TRAC has just released a new report detailing winter tire use in Canada and the latest market and test data. Read the full 2017 Winter Tire Report here: http://bit.ly/Winter-Tire-Report-2017orwww.tracanada.ca.

“Despite increasing winter tire usage, educating drivers about the safety benefits of winter tires remains critical to making our roads safer in winter”, says Glenn Maidment, president of TRAC. “The fact that four-in-ten motorists outside Quebec are not using winter tires puts at risk everyone who drives in cold-weather conditions – regardless of whether the road surface is dry, snow-covered or icy. Every motorist needs to understand winter tires radically outperform all-seasons in all cold-weather driving conditions.”

The superior traction and braking capabilities of winter tires are the result of advanced tire technology, particularly in tread design and rubber compounds. These advances have improved traction performance across all tire categories, but especially for winter tires. The “soft” tread compounds in today’s winter tires retain their flexibility even in extreme cold. At temperatures at or below 7 degrees Celsius, winter tires provide significantly better traction than all other types providing greater control on all cold-weather road surfaces and significantly shorter stopping distances.

 

“Research by the Quebec government shows that, since the winter tire law was enacted, the province saw a significant decrease in injury accidents in the province,” says Maidment. “Imagine the massive reduction in vehicle damage and personal suffering during the winter driving season across Canada if all drivers protected themselves and their families with winter tires.”

Survey Methodology

A survey of 1,633 Canadians was completed online during the period of October 9–12, 2017, utilizing Leger’s* online panel, LegerWeb. A probability sample of the same size would yield a margin of error of +/-2.5%, 19 times out of 20.

 

About the Tire and Rubber Association of Canada

The Tire and Rubber Association of Canada (TRAC) is the national trade association representing tire makers, rubber products manufacturers and importers as well as rubber recyclers and suppliers of goods and services related to the industry. TRAC is committed to educating drivers about proper tire care and maintenance. A key advocacy goal in the cold-weather months is to raise awareness about safe winter driving and the safety and performance benefits of winter tires.

 

Media Contact:

 

TRAC Contact:

Email: info@tracanada.ca

Phone: 519.249.0366

www.tracanada.ca; www.betiresmart.ca

Twitter: @BeTireSmartCA

Facebook: betiresmartCA

 

Michelle Magee

Associate, Xposure PR

Email: michelle@xposurepr.com

Phone: (416)471-2336

Read the source article at CNW | www.newswire.ca

Cabot boss expects “solid growth” in American tire market

curata__j5djmukjnM88QSe.png

Boston, Massachusetts – Cabot Corp. expects to see “solid growth” in the North American tire sector due to ‘long-term fundamentals’ of the market, according to company CEO Sean Keohane.

In a full-year results conference call on 2 Nov, Keohane said tire-plant investments were ramping up in North America with “a shift towards more local production that will support growth rates in that range.”

Read the source article at European Rubber Journal

Can Ford Turn Itself Into a Tech Company?

curata__9AS21aoXUndaHmI.jpeg

On a sunny afternoon in early October, I drove across a parking lot in Ann Arbor, Mich., and down a sloping road to a second, private lot. A fence lining the lot’s perimeter was covered in black fabric, as if to deter snoops. Behind it was a 32-acre Potemkin village. There were paved roads with names and signs: Liberty Street, Main Street, Wolverine Avenue. There was a traffic roundabout, a covered underpass and a railroad crossing.

Read the source article at The New York Times

Global truck tire market to grow 4% to 2027

curata__Jadq36kNRyPDPEm.jpeg

Leatherhead, UK – Global truck tire demand is set to show 3.5% year-on-year growth over the next 10 years, according to Smithers Rapra.

In a new market report, the research firm estimates that the value in this market will come in at $107.6 billion this year and then reach $152.4 billion in 2027.

“Volume consumption of all truck tires will increase at a rate of 3.2% per year from 2017–2027, according to the market study. This estimate, it noted, allows…

Read the source article at European Rubber Journal

Natural rubber market struggles

curata__pvbycvEGQ6ijeQ6.jpeg

The natural rubber market is anticipated to continue struggling due to plunging prices, according to the Association of Natural Rubber Producing Countries (ANRPC). A worker of Cu Mgar Rubber Company harvests latex. At its 10th annual meeting in HCM City on Monday, ARNPC said the global natural rubber market has been facing difficulties since 2012.

Read the source article at Global Rubber Markets News

The Goodyear Tire & Rubber Company (GT) Earns “Buy” Rating from Jefferies Group LLC

The Goodyear Tire & Rubber Company (NASDAQ:GT)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They presently have a $36.00 target price on the stock. Jefferies Group LLC’s price objective points to a potential upside of 9.06% from the stock’s previous close.

Several other brokerages have also weighed in on GT. Zacks Investment Research upgraded shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 target price on the stock in a research report on Monday, October 9th. BidaskClub raised shares of The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on 

Read the source article at American Banking News

New Vehicle Sales: Better Than Expected

curata__d1pC2n1vUy1jFaH.jpeg

Both in Canada, and abroad, new vehicle sales are on target for yet another record year.

It’s good news again, this time with global auto sales on target to set an eighth consecutive annual record. Not only that, but we’re also seeing that sales have actually started to accelerate as the global economy expands at the fastest pace in two years.

Read the source article at Autosphere.ca

Jefferies Group LLC Reiterates “Buy” Rating for The Goodyear Tire & Rubber Company (GT)

Tweet The Goodyear Tire & Rubber Company (NASDAQ:GT) ‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a note issued to investors on Thursday. They presently have a $36.00 price target on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 9.06% from the stock’s current price. GT has been the topic of a number of other reports.

Read the source article at Watch List News