Kumho Tire has appointed Gangseung ‘Tony’ Lee as Senior Vice President of Global Marketing, effective from January 1 this year.
Lee previously served as Vice President of Marketing & Sales for Hankook Tire Europe GmbH, and succeeds Namhwa Cho who has taken up the position of President of Kumho Tire Europe GmbH.
Read the source article at WELCOME
Following our transition into a new year, the Global Automakers of Canada (GAC) has released sales figures for its members in Q4 2020.
Given the disruptions caused by the COVID-19 global pandemic during 2020, OEMs witnessed the shutting down of production facilities in Q1 and Q2, along with parts shortages, new inventory was significantly down during the course of the year.
By the end of 2020, GAC member sales total 900,767 units—a 21.4% decline compared with 2019 which saw 1,146,587 units sold.
Read the source article at Autosphere.ca
Donald “Ryan” Loethen, a veteran of the ag tire business, has been named president of CEAT Specialty Tires Inc. , and will be responsible for sales in North and Central America. He will be based out of Jefferson City, MO.
Before joining CEAT, Loethen was agricultural business manager, key account manager and sales process training manager for Michelin Agriculture North America. Prior to joining Michelin, Loethen was an officer in the United States Army.
Read the source article at Tire Review
Pittsburgh — US new vehicle sales are forecast to have fallen about 15% year over year to 14.4 million units in full-year 2020, the lowest total since the beginning of the decade, but the industry’s performance finished the year stronger than anticipated, according to industry analysts.
Cox Automotive said strong December sales boosted the year’s final projection, according to a report Jan. 6.
“The final days of December appear to have been stronger than forecast, and a number of [automotive] OEMs have cited unexpected robust retail activity over the holidays,” said Charlie Chesbrough, Cox senior economist. “There was also no shortage of positive news in the last week of December, and that may have encouraged consumers and lifted sales – passage of the stimulus package, more certainty around the election outcome, coupled with a lot of vaccine news.”
Read the source article at spglobal.com
Purcell Tire & Rubber Co., the ninth-largest commercial tire dealer in the country and the fifth-largest retreader, is joining the Michelin Commercial Service Network and Michelin Retread Technologies Inc. and Oliver Rubber Co. LLC retreading networks.
With 65 service locations and five retread plants in 15 states, Purcell Tire is also the largest retreader of OTR tires in North America.
“After a 30-year relationship with Michelin, Purcell Tire is honored to be a part of a very exclusive network of dealers focused on offering the best products and services for commercial and OTR fleets,” says Bob Purcell, owner of Purcell Tire.
Read the source article at Modern Tire Dealer
Alliance Tire Americas is now Yokohama Off-Highway Tires America (YOHTA), the U.S. sales and marketing arm of Yokohama Off-Highway Tires (YOHT).
Yokohama Rubber, created YOHT to consolidate its off-the-road (OTR) tire businesses across the globe with the Alliance, Galaxy and Primex brands it acquired when the company purchased Alliance Tire Group (ATG) four years ago.
Read the source article at Traction News
DETROIT (Reuters) – Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric. Tesla’s market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined.
Read the source article at reuters.com
Michelin North America announced price increases up to 5% on select Michelin and BFGoodrich passenger and light truck tires as well as on select commercial offers to fleet customers due to changing business dynamics of the U.S. market.
This increase will be effective on Feb. 1, 2021 and complements the earlier price increase on Uniroyal® brand passenger and light truck products that went into effect in November.
Price changes may vary across specific products within each brand portfolio. Details will be presented directly to dealers and fleet customers with additional questions addressed directly through account managers.
Read the source article at Traction News
Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less. While most of the industry aims for big sales numbers that will keep huge plants busy, his Arrival, which will start producing electric buses and vans next year, is betting that doing just the opposite will help reduce production costs.
Read the source article at Automotive News Europe
At the beginning of the year, the German plastics and rubber machinery industry – like almost all sectors of the economy – was hit hard by the effects of the corona pandemic. However, the downward trend in sales and incoming orders already flattened out in mid 2020, and incoming orders even rose again from September onwards. Cumulatively, from January to October 2020 they are only 3% below the incoming orders in the same period of 2019.
“The September and October months contributed significantly to this”, Ulrich Reifenhäuser, Chairman of the Plastics and Rubber Machinery Association within the VDMA, is pleased to report. “In September 2020, we had 13% more incoming orders compared to the same month of the previous year, and in October 2020, there were even twice as many orders on the books as a year ago”, Reifenhäuser continues.
Read the source article at macplas.it