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.
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.
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 …
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.
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 …
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.
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.
WASHINGTON — The U.S. Commerce Department said on Tuesday it had opened investigations into vehicle tire imports from South Korea, Taiwan, Thailand and Vietnam to determine whether the are being sold at less than fair value. The department said it was also investigating whether tire producers in Vietnam were receiving unfair subsidies for passenger vehicle and light truck (PVLT) The investigations were in response to petitions filed in May by the United Steelworkers (USW) representing workers at U.S. tire plants. “Even though demand for PVLT increased, domestic producers were still forced to grapple with reduced market share, falling profits …
On June 3, the House Transportation and Infrastructure Committee released draft text of a five-year, $494 billion surface transportation reauthorization bill entitled the “Investing in a New Vision for the Environment and Surface Transportation in America Act” or the “INVEST in America Act.”
The bill includes $411 billion in contract authority from the Highway Trust Fund for highway, transit, safety and research programs. $319 billion is the portion allocated for the Federal-aid highway program under the Federal Highway Administration.
WASHINGTON — U.S. tire shipments could fall to their lowest levels in decades, a result of COVID-19 pandemic-induced lower demand, according to a shipments update from the U.S. Tire Manufacturers Association.