Boston, Massachusetts – Cabot Corp. has reported a 45% year-on-year rise in earnings (EBIT) to $74 million at its Reinforcement Materials unit for its fiscal third quarter lifting margins 2 percentage points to 16%.
Higher earnings, said Cabot, were driven mainly by “continued…
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AUBURN HILLS, Mich., Aug. 9, 2018 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the second quarter ended July 1, 2018.
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FRANKFURT — Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit sales. Earnings before interest and tax (EBIT) fell 30 percent to 2.64 billion euros ($3.1 billion) during the quarter, weakened by Chinese price-cutting on U.S.-made Mercedes models to offset import duties, the company said on Thursday. Revenue dipped 1 percent to 40.8 billion euros.
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instagram.com/DrivesWGirls Pirelli and Italian audio company Ixoost have joined forces to create what is likely the most unoriginal car-themed accessory of all times: a wireless speaker that looks like a tire. Yes, you may have already seen the popular tire wall clocks and the tire center tables, but now there’s a speaker dubbed the Pirelli P Zero Sound to accompany all the tire-inspired home and office accessories that car and racing aficionados apparently can’t get enough of.
Read the source article at thedrive.com
HUNTERSVILLE, N.C. — American Tire Distributors Inc. (ATD) is restructuring its Field Support Center (FSC) in Huntersville, reducing its workforce there while adding new positions to bolster business for its Tire Pros marketing group subsidiary.
All of the employees affected by the layoffs work out of the FSC, which includes supporting roles for the Tire Pros franchises, as well as other ATD departments. It is unclear how many positions were eliminated, or how soon the layoffs would take effect.
“This decision was not taken lightly but necessary not only to align our capabilities with our strategy, but also to ensure the company will continue to serve its customers well into the future,” a spokesman for ATD said. “…ATD will continue to deliver results for manufacturer partners, customers and Tire Pros franchisees.”
Read the source article at Tire Business
Hankook Tire received the Corporate Social Responsibility Award from the global auto brand Groupe Renault at its Supplier Award ceremony.
Groupe Renault holds the Supplier Award ceremony annually to award its global partners for their most notable value. This year, it awarded 12 enterprises in five sectors: best service, design, innovation, purchasing sustainability and quality.
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Levittown, PA — (SBWIRE) — 07/06/2018 — Tires4That.com, a leading supplier of lawn mower tires for sale online, has helped make finding and buying reliable specialty tires for their equipment. From ATV tires to tires for farming machinery, Tires4That.com has an inventory that has helped outfit multiple different industries for years.
One of the most popular specialty tires that Tires4That.com offers their clients is their farm tires. Farmers and farm managers can take advantage of the wide-selection of specialty tires for sale. Some of their farm tires include types like F2, F2M, I3, R1 and R1W. Between their bias and radial designs, Tires4That.com proudly sells over 800 different farm tires.
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GENEVA — Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization about possible U.S. measures imposing additional duties on imported autos and parts. Japan, which along with Russia had initiated the discussion at the WTO Council on Trade in Goods, warned that such measures could trigger a spiral of counter-measures and result in the collapse of the rules-based multilateral trading system, an official who attended the meeting said. Over 40 WTO members, including the 28 countries of the EU warned on Tuesday that the U.S. action could seriously …
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Arlanxeo is all set to strengthen its position as the world’s leading manufacturer of synthetic rubber. The company will invest EUR mid-double-digit million to modernise its production plants in Triunfo, Brazil and La Wantzenau, France. For the Brazil plant, the company will invest its facility in Triunfo, Rio Grande do Sul, to make the production of polybutadiene rubber (PBR) more flexible. The plant currently produces emulsion styrene-butadiene rubber (E-SBR), mainly used for car, truck tyres.
Read the source article at Rubber Asia
Goodyear announced that a range of summer, winter and all-season tires have been chosen as original fitments on the new Volkswagen Touareg.
Goodyear has been able to meet Volkswagen’s requirements for tires for global applications with good overall performance levels and excellent mechanical and acoustical comfort combined with low rolling resistance. These nominations are further evidence of Goodyear’s expertise in providing premium tires in the premium SUV segment.
Read the source article at Traction News