Millennials are buying more cars, and sooner, but for how long?

2020 has been a year of unintended consequences, no matter where you look. Kids were suddenly doing their learning online, many of us began working from home, and thousands had to impromptu figure out how to interior-design the backdrop behind their computer monitor, as every virtual meeting became a peek into someone’s personal world. The car industry has seen some huge changes, as well. With the initial lockdowns, sales didn’t just spiral, they crashed.

Read the source article at driving.ca

Pirelli trims margin guidance on mixed outlook

MILAN, Nov 11 (Reuters) – Italian tyre-maker Pirelli on Wednesday lowered its margin forecast for this year, citing continuing uncertainty in light of the second wave of the COVID-19 pandemic.

The manufacturer of tyres for Formula One and high-end carmakers such as BMW and Audi said the 2020 market outlook had improved in the North America and Asia-Pacific regions.

“But the outlook (is) cautious for Europe because of recent anti-COVID measures following the resurgence of the pandemic,” it said in a statement.

The group guided for a 2020 full-year margin on its adjusted earnings before interest and tax (EBIT) of 11.5-12%, against a twice-trimmed previous forecast of 12-13%, to account for the impact of exchange rates, raw materials and other costs.

Read the source article at Reuters.com

Hankook Tire Listed by Dow Jones Sustainability Indices World for the Fifth Consecutive Year

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NASHVILLE, Tenn., Nov. 16, 2020 /PRNewswire/ — Global leading tire company Hankook Tire announced that the company has been listed in the Dow Jones Sustainability Indices (DJSI) World for the fifth consecutive year. The DJSI tracks the stock performance of the world’s leading companies…

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Winter tires could save your life – don’t listen to the truthers

If haven’t got your winter tires on now, you may have to wait a while. Thanks to COVID-19, there could be a decrease in supply. Production slowed down once lockdowns went into effect last spring. Plus, closures meant some drivers couldn’t visit mechanics and spent the summer driving on their winter tires; now, those tires will need to be replaced. In the last few weeks, there has been a rush to get winter tires put on.

Read the source article at Home – The Globe and Mail

World trade rebounding slowly, outlook uncertain: U.N. report

GENEVA (Reuters) – The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19 pandemic disrupted economies, the U.N. Conference on Trade and Development (UNCTAD) said. Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.

Read the source article at Global Rubber Markets News

USTMA finds that recycling of end-of-life tires has stalled

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While tires remain one of the most recycled products in the U.S., end-of-life markets are not keeping pace with the annual generation of scrap tires, a new report released by the U.S. Tire Manufacturers Association (USTMA) reveals.

The 2019 Scrap Tire Management Report – USTMA’s 14th – reveals that almost 76% of scrap tires were recycled in products such as rubber modified asphalt, the manufacturing of automotive products and mulch for landscaping and other products, and tire-derived fuel in 2019. This is down from 96% in 2013, when scrap tire recycling peaked.

“Three decades after we successfully eliminated 94 …

Read the source article at Traction News

The Pandemic’s Effect On Driving Will Probably Never Go Away

A consulting group predicts we might just… never go back to driving as much as we did before Covid. Of course, I’m thrilled at the idea of it, even though I’m sure all of you other drivers will still find a way to do exactly the speed limit in front of me in the far left lane anyway. All that and more in The Morning Shift for October 5, 2020. A new report in Bloomberg discusses how quarantine has trashed our collective mileage, and also notes that our high point may have been the mid-2000s.

Read the source article at Jalopnik

Advanced Tires Market Projected To Hit $1,349.7 Mn By 2030 | Analysis, Sales Revenue, Key players & Future Investment

PORTLAND , OREGON, UNITED STATES, September 24, 2020 / EINPresswire.com / — According to the report published by Allied Market Research, the global advanced tires market for advanced tires is expected to reach USD 1.34 billion by 2030.

Read the source article at EIN Newsdesk

Exclusive: U.S. traffic deaths fell after coronavirus lockdown, but drivers got riskier | Reuters

WASHINGTON (Reuters) – U.S. traffic deaths fell during the coronavirus lockdowns but drivers engaged in riskier behavior as the fatality rate spiked to its highest level in 15 years, a government report set to be released Thursday will show. The National Highway Traffic Safety Administration (NHTSA) found the fatality rate jumped to 1.42 deaths per 100 million vehicle miles traveled in the three months ending June 30, the highest since 2005.

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LyondellBasell Sustainability Report Sets Ambitious Plastic Waste Targets – Pr NewsWire English

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HOUSTON and ROTTERDAM, Netherlands, Sept. 28, 2020 /PRNewswire/ — LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, today released its annual Sustainability Report with the aim of affecting positive change and is focused on three transformational areas including plastic waste, climate change, and thriving societies.

Read the source article at m.dailyhunt.in