Amit Deshpande appointed as Sales Director-Africa at Cooper

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Amit Deshpande has been appointed as Sales Director for Africa at Cooper Tire and Rubber Company Europe Limited. He has over ten years of experience in the rubber industry.

In his new position, Deshpande is entrusted with supporting product development with region-wise specifications and identifying sales leads within the region.

Read the source article at Rubber Asia

Americans want U.S. goods, but not willing to pay more: Reuters/Ipsos poll

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…A Reuters/Ipsos poll released on Tuesday found 70 percent of Americans think it is “very important” or “somewhat important” to buy U.S.-made products.

Despite that sentiment, 37 percent said they would refuse to pay more for U.S.-made goods versus imports. Twenty six percent said they would only pay up to 5 percent more to buy American, and 21 percent capped the premium at 10 percent.

Read the source article at reuters.com

FCA, Santander – a case study in subprime

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It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud. Only this isn’t the U.S. housing market circa 2007. It’s the U.S. auto industry circa 2017. A decade after the mortgage debacle, the financial industry has embraced another type of subprime debt: auto loans. And, like last time, the risks are spreading as they’re bundled into securities for investors worldwide. No one is suggesting that subprime car loans will unleash the next crisis.

Read the source article at Front Page

ETRMA boss: European tire markets facing further weakness

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London – A second-quarter reversal in European replacement tire markets could set a trend for the months ahead, believes Fazilet Cinaralp, secretary general of the European Tyre and Rubber Manufacturers’ Association.

Cinaralp was commenting on ETRMA’s latest quarterly figures, which showed significant quarter-on-quarter declines in member companies’ sales – reversing a positive trend observed earlier this year.

The data, published 14 July, showed a sharp slowdown compared to the first three months of the year. The trend affected all segments, particularly consumer tires which came in 6%…

Read the source article at European Rubber Journal

New CEO for Pirelli Deutschland

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Pirelli has named Michael Wendt the head of its sales and production business in Germany. He takes over the position of chief executive officer at Pirelli Deutschland GmbH today, succeeding Frank J. Delesen. The tyre maker reports that Delesen has left the company due to personal reasons.

Read the source article at Tyrepress

European tire markets could face further weakness

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LONDON—A second quarter reversal in European replacement tire markets could set a trend for the months ahead, according to Fazilet Cinaralp, secretary general of the European Tyre and Rubber Manufacturers’ Association.

Cinaralp was commenting on ETRMA’s latest quarterly figures, which showed significant quarter-on-quarter declines in member companies’ sales—reversing a positive trend observed earlier this year.

The data, published July 14, showed a sharp slowdown compared to the first three months of the year. The trend affected all segments, particularly consumer tires which came in 6 percent lower year-on-year at 46.6 million units. 

Second-quarter sales of truck tires, meanwhile, were down 1 percent on the firs

Read the source article at Rubber and Plastics News

Bridgestone HosePower Announces Acquisition of Seattle-based Fittings, Inc.

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ORANGE PARK, Fla., July 10, 2017 /PRNewswire/ — Bridgestone HosePower (Hosepower), a wholly-owned indirect subsidiary of Bridgestone Corporation, today announced it is expanding its hose solutions business in the Pacific Northwest by acquiring Fittings, Inc., (Fittings), a hydraulic and i…

Read the source article at PR Newswire

Korean OEMs switching to European tyre brands

Sales of imported tyres in Korea increased by more than 40 per cent in the January to April period when compared with 2016 figures, according to the Korea Tire Manufacturers Association (KOTMA).

If this pace continues, imported tyres will set a record high this year. According to KOTMA, this is largely due to Hyundai Motor and its smaller affiliate Kia Motors introducing imported tyres on their models, media said.

Total tyre imports for the four-month period, according to the KOTMA, stood at 252.22 billion won, up 42 per cent, or 74.78 billion won from 177.48 billion won during the same period last year.

Read the source article at Tyrepress

Deshpande announced as Cooper Tire’s sales director for Africa

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Cooper Tire & Rubber Company Europe Ltd. has appointed Amit Deshpande its sales director for Africa. In this position, he is responsible for supporting product development with region-specific specifications and identifying sales leads within the region.

Read the source article at Tyrepress

Continental acquires mobility intelligence provider Quantum Inventions

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Another acquisition for Continental. Days after the German company reported taking a minority share in French autonomous driving company EasyMile SAS, it announced it has finalised its acquisition of Singapore based mobility intelligence provider Quantum Inventions. Continental hasn’t disclosed how much it paid for the firm.

Quantum Inventions will add to Continental’s growing intelligent transportation systems portfolio with its city data including next generation navigation systems that are highly responsive to real-time information such as traffic data, road incident information and dynamic road pricing. With the closing, Continental welcomes around 120 employees working across Quantum Inventions’ three offices in Singapore, Malaysia and Indonesia; and Quantum Inventions Development Centre (QIDC) in India into its fold.

“Asia continues to play an ever-increasing role in our strategy,” states Helmut Matschi, head of Continental’s Interior division. “Initiatives such as the Park & Go real time parking application for Singapore, our recent joint venture with China Unicom, strategic cooperation with Baidu, and now the purchase of Quantum Inventions underline our focus on developing mobility services solutions. We are excited to provide an expanded portfolio of customised solutions in the dynamic mobility services market.”

Read the source article at Tyrepress