Decade of growth for auto parts industry may soon be over

The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs and huge demands for r&d spending could bring the party to an end.

The combination of uncertainty over future technologies, lingering import tariffs and unsettled trade issues with key trading partners — China, Mexico, Canada and Europe — will erode supplier company values and stock prices, making it harder to keep up current spending demands, many now worry.

Read the source article at Automotive News Europe

Automotive Innovations Magazine – July/August 2019

The topics covered in the third issue of our Automotive Innovations Magazine (AIM) reveal the extremely rapid evolution of EVs, an emerging market that has become, in just a few years, a real industry.

Read the source article at Home – Auto-Innov

Dunlop Tire Selected for 2020 Nissan GT-R Model


Sumitomo Rubber Industries has announced that the company is supplying its “high-performance” DUNLOP SP SPORT MAXX GT600 DSST CTT tun-flat tires for the 2020 NISSAN GT-R model which was released to the market in June this year.

According to Sumitomo, it has created its DUNLOP SP SPORT MAXX GT600 DSST CTT tire line as a suitable option for super sportscars like the NISSAN GT-R with the intention to aid such vehicles to tap their complete performance potential.

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Hankook Expand Original Equipment Portfolio with 2020 Ford Explorer


Hankook Tire recently announced that that it will be providing its touring all-season Kinergy GT tire as the original equipment for the 2020 Ford Explorer.

The size 255/65R18 [Pattern H436] of the Kinergy GT tire will be fitted onto the SUV vehicle.

Hankook explains in a release that the tire’s low rolling profile and tread design is well-suited to complement Ford’s 3.0-liter V6 EcoBoost gas engine and 10-speed transmission and aid in improving the SUV’s fuel mileage rating.

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Auto supplier Magna tackles tariffs as it transforms


TRAVERSE CITY, Michigan — As Magna International prepares its business for tomorrow, it’s been forced to reckon with challenges that threaten the bottom line today. This year, it scrambled to move wire harness production from China to Thailand after the Trump administration slapped 25 percent tariffs on Chinese goods. And company officials say they have been forced to consider moving production of other components.

Read the source article at Automotive News Europe

New USPS delivery trucks may bring change for LT tire market


WASHINGTON — Pending multi-billion-dollar acquisitions of delivery vehicles by the U.S. Postal Service, with changes in vehicle design motivated by e-commerce and other considerations, could mean big changes in the postal service’s light truck tire purchases.

Read the source article at Tire Business

Orion adjusts outlook on weaker automotive markets


HOUSTON—Citing a challenging macroeconomic environment, particularly in the automotive markets, Orion Engineered Carbons has revised it full year earnings forecast, lowering its anticipated earnings.

Read the source article at Rubber and Plastics News

Marangoni prepares HQ site in Italy for car tire production


ROVERETO, Italy — Marangoni S.p.A. is “reactivating” its passenger tire plant in Rovereto as the company prepares to lease the unit to third-party manufacturers.

The plant has the capacity to produce up to 250,000 units per year, Marangoni said in a written statement to European Rubber Journal.

Read the source article at Tire Business

Eastman marks 75 years for Crystex


AKRON—Eastman is celebrating the 75th anniversary of its Crystex insoluble sulfur, a longstanding additive in the tire and rubber industry.

Crystex was patented in 1944 with Stauffer Chemical Co., naming the product “No Crystals” and “Crystals-X” as an explanation of the product’s function, Eastman said. The brand grew over time and high thermal stability grades were added.

Read the source article at Rubber and Plastics News

Bosch sees car production falling 5% in 2019: Reuters


FRANKFURT (Reuters) – Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5% fall this year, bigger than an earlier estimate for a 3% decline, the company’s chief financial officer told Boersen-Zeitung. As a result Bosch would not be able to achieve an earnings before interest and taxes margin of 7% as it did last year, Stefan Asenkerschbaumer told the newspaper.

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