ATD, Tirescanner.com Partner to Create New Tirebuyer.com

There’s a new Tirebuyer.com and it’s “an equity partnership between American Tire Distributors Inc. (ATD) and Tirescanner.com,” says Michael Welch, the new entity’s president and CEO.

“What was Tirebuyer.com before, as a brand and entity, was effectively a division of ATD,” Welch recently told MTD. “It’s now an independent business. 

“We’ve merged the assets of the two businesses into a new entity” that Welch says will combine the strengths and capabilities of both Tirescanner.com, the company he founded in 2018, and Tirebuyer.com’s existing platform.

Read the source article at Modern Tire Dealer

Orion Engineered Carbons to Increase Acetylene Black Pricing

HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it will increase pricing for acetylene black.

Following the acquisition of its acetylene black plant in France, the company adjusted the facility’s strategic focus, requiring new investments to better serve the growing market demand for acetylene black used in lithium-ion battery production. In addition to these strategic investments, the company has also been confronted with rising costs for packaging, transportation and environmental obligations.

Against this backdrop Orion will raise its acetylene black prices by 20 percent globally on March 1st, 2021, or as contracts allow.

Read the source article at businesswire.com

Air France selected Michelin as the exclusive tire supplier for its aircraft fleet

Air France has renewed its trust in Michelin and has selected the French group as the exclusive tyre supplier for its aircraft fleet. The Michelin Group will equip the company’s short-, medium- and long-haul aircrafT (1) with new or retreaded tyres notably produced at the Saint Doulchard plant in Bourges, France.

Air France’s aircraft will be equipped with the most modern aircraft tyres, such as Radial Michelin® AIR X tyres incorporating NZG (Near Zero Growth) technology. Designed to guarantee a constant tyre diametre, this technology provides aircraft tyres with greater durability and exceptional resistance.

Read the source article at Air France

NHTSA issues rule allowing R&D exemptions for U.S. manufacturers

NHTSA has issued a closing rule that may enable U.S. manufacturers of autos and tools to hunt an exemption from federal security requirements for functions of analysis or demonstration, in keeping with a federal document.

The rule permits home manufacturers that produce nonconforming autos and tools to function these merchandise on public roads — probably dashing the event of automated driving techniques and different forward-looking applied sciences within the U.S.

In a press release, the company stated the motion “levels the playing field with importers, which until this rule were the only entities able to obtain these research and demonstration waivers and will help ensure that domestic manufacturers will have the same opportunity to develop and demonstrate automated shuttles and other innovative technologies.”

Read the source article at News Chant USA

Continental aims to triple returns with tech-focused CEO

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FRANKFURT — Continental seeks to grow faster than its automotive peers and roughly triple profitability as the supplier pushes through a deep restructuring under new CEO Nikolai Setzer. Continental is targeting an 8 percent to 11 percent adjusted earnings before interest and taxes margin in the medium term, the German supplier said Wednesday, up from its forecast for about 3 percent this year. It may buy companies, sell businesses and strike partnerships to achieve its goals.

Read the source article at Automotive News Europe

Michelin boss sees COVID recovery, but tough start to 2021 for autos

Auto sales and production will recover from COVID-19 by the end of next year — barring further shocks — but the pandemic will have far-reaching effects on the industry from leadership to who drives where, the leader of tire maker Michelin’s North American operations predicts.

Read the source article at Detroit Free Press

Hankook picked as original equipment supplier for Fita 500 and Fiat Panda

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Hankook Tire announced will equip Fiat with its original equipment tire, Kinergy Eco², expanding its ever-growing global original equipment.

The Fiat 500 and Fiat Panda are the first FCA city cars fitted with the new gasoline Mild Hybrid technology and they are the first step towards the electrification of the Fiat brand. The two models, icons of style, design and “Made in Italy” around the world, now improves fuel efficiency, reducing CO2 emissions on average by 20% and up to 30%.

Read the source article at Traction News

Trinseo Sees Market Recovery: Preliminary Third Quarter 2020 Financial Results

The Company notes that many end markets, including automotive, tires and construction, experienced strong demand recovery in the third quarter after weak demand during the second quarter due to the COVID-19 pandemic. Third quarter volumes in the Performance Plastics, Synthetic Rubber and Latex Binders segments were similar to prior year. In addition, margins across most segments were higher than prior year.

 

Read the source article at Home – The Globe and Mail

DuPont sees strong annual profit as auto sector recovers, signals more cost cuts | Reuters

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Oct 29 (Reuters) – Industrial materials maker DuPont on Thursday forecast full-year profit above Wall Street expectations as it kept a tight check on costs and benefited from a recovery in the automotive industry, one of it biggest markets. The company, which makes everything from brake fluid to fabric used in protective garments, has been cutting costs to battle weak demand in several industries due to the COVID-19 pandemic.

Read the source article at Business News

Continental: Interview with Alejandro Agag, CEO of Extreme E

Hanover, Germany, September 2020. Continental is a founding partner and, as of 2021, the premium sponsor of the Extreme E series. The technology company will equip all vehicles in the races with tires for the various events, which will all prove very challenging. In this interview, Alejandro Agag, CEO of Extreme E and Formula E, talks about the special fascination of the new format. He talks about the beginnings and the social aspirations of the innovative E-SUV series, but also about the partnership with Continental and the extraordinary importance of tires.

Read the source article at continental.com