World trade rebounding slowly, outlook uncertain: U.N. report

GENEVA (Reuters) – The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19 pandemic disrupted economies, the U.N. Conference on Trade and Development (UNCTAD) said. Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.

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Canada Auto Show Organizers Plan First Virtual Exhibition

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David McClean, the event’s marketing director, says the show’s host, the Ontario-based Trillium Automobile Dealers Assn., has been working with manufacturers, sponsors and exhibitors to establish an effective and interactive virtual show from Feb. 12-21.

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AirBoss Announces US$22.0 Million in Awards Across ADG’s Survivability Portfolio

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NEWMARKET, Ontario, Oct. 05, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group (“ADG”) has recently been awarded an additional US$22.0 million in contracts across its survivability portfolio for multiple parties in North America and internationally.

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The European tyre industry will contribute to achieve the new EU climate goals

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Brussels, 17 September 2020 – The tyre industry welcomes the European Commission’s ambitious goal to reduce greenhouse gas emissions by 55% by 2030. This announcement also affirms Europe’s determination to continue striving for more innovative and sustainable mobility solutions to advance common interests.

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NIADA chief Steve Jordan resigns

Steve Jordan, who had been CEO since 2013, is leaving to “pursue another career opportunity in the automotive industry,” the association said Friday. Shaun Petersen, senior vice president of legal and government affairs, has been selected as interim executive vice president by the NIADA board of directors. Petersen will handle day-to-day operations, effective immediately. Jordan will remain with NIADA in an “advisory capacity” during a 30-day transition, the association said.

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Michelin is demonstrating resilience through an unprecedented crisis

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124,000 125,400 1 Free cash flow: net cash from operating activities less net cash used in investing activities, adjusted for net cash flows relating to other financial assets, before distributions. 2 At period-end. Covid-19: impact of the health crisis on the Group’s financial position at June 30, 2020 Review of the information released by the Group during the first six months of the year On February 10, 2020, the Group issued its guidance for 2020 excluding any impacts from a systemic crisis caused by Covid-19. On March 18, 2020 at 6:10 pm CET, the Michelin Group …

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U.S. tire dumping probe clears initial trade panel vote – Reuters

WASHINGTON (Reuters) – U.S. anti-dumping and anti-subsidy probes that could heap tariffs on imports of car and light truck tires from South Korea, Taiwan, Thailand and Vietnam cleared an initial hurdle on Tuesday as the U.S. International Trade Commission voted to let them proceed. The commission said in a statement that it voted affirmatively in the preliminary phase investigations.

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ETRMA, automotive value chain welcome EU skills agenda

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Brussels – A grouping of four European automotive value chain associations, including the European Tyre & Rubber Manufacturers’ Association (ETRMA), have voiced their support for a skills agenda which was presented to the European Commission 1 July.

In a letter to Nicolas Schmit, European commissioner for jobs and social rights, the associations said the agenda was in line with a 25-point action list published by the four trade bodies in May for the smooth recovery of the automotive industry from Covid-induced slowdown.

“Skilling and up-skilling of the existing workforce and bridging the skills gap between the needs of the industry and the …

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India to set up e-trading platform for NR marketing

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KOTTAYAM, India—India’s Rubber Board is setting up an e-trading platform for natural rubber to bring transparency and visibility for buyers and sellers in the market.

Read the source article at Rubber and Plastics News

NAFTA replacement leaves many guessing in auto industry

Imagine being asked to bake a cake but not being told what kind of cake you’ll be baking and knowing you’ll be judged on the results. You might know you need milk, eggs and flour, but whether the cake needs to be chocolate or carrot is pretty important, too, and will change what you pick up during your shopping trip.

Read the source article at Detroit Free Press