The U.S. Tire Manufacturers Association (USTMA) projects that 315.7 million total tires will ship in the United States this year versus 303.2 million units during 2020 and 332.7 million units shipped during the previous year.
Specifically, the USTMA expects that original equipment passenger tire shipments will increase by 10.7% in 2021 and that light truck tire shipments will grow 3.6% during the year.
Read the source article at Modern Tire Dealer
The Tire Industry Association will hold its 67th annual Off-the-Road Tire Conference Feb. 23-26, 2022, at the Hilton Sandestin Beach Golf Resort and Spa in Miramar Beach, Fla.
This follows the cancellation of the 2021 conference due to the COVID-19 pandemic.
“We are excited to announce the return of the OTR Tire Conference in 2022,” said TIA President Dan Nothdurft. “This is the world’s premier event for the OTR tire community, and we are looking forward to an outstanding conference with a strong educational program, tabletop exhibitions and plenty of time for conducting business and networking.”
The last OTR Tire Conference in 2020 drew more than 500 attendees from 163 companies, 40 states and 12 countries.
Read the source article at TIRE INDUSTRY ASSOCIATION
Last week, the California Air Resources Board – fresh from not banning black cars – adopted a regulation to force the 40,000 businesses in “California’s automotive maintenance industry to check the tire pressure of every vehicle they service.” This means that, starting in July of 2010, when you bring your car in for service in California, the shop will have to make sure that your tires filled to the manufacturer’s recommended air pressure level. CARB estimates that this will save the average Californian about $12 a year.
Read the source article at Yahoo
The U.S. International Trade Commission (USITC) today determined that revoking the existing antidumping and countervailing duty orders on imports of passenger vehicle and light truck tires from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
As a result of the Commission’s affirmative determinations, the existing orders on imports of these products from China will remain in place.
Read the source article at USITC
DAYTON, TENN. (AP) — Nokian Tyres says it plans to add 150 jobs in the first half of this year at its Tennessee factory.
The Finland-based company says that it is looking for workers at its Dayton facility in mixing, tire production, maintenance and logistics areas, and those interested in general factory overhead and quality control.
Read the source article at usnews.com
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
DETROIT (Reuters) – Tesla Inc and Wall Street made 2020 the year that the U.S. auto industry decided to go electric. Tesla’s market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined.
Read the source article at reuters.com
Yokohama Tire announced it will supply ADVAN racing tires as the control tire for the Porsche Sprint Challenge North America by Yokohama, a new Porsche racing series to be held in the United States and Canada from 2021.
The company will supply the ADVAN A005 for use on dry tracks and the ADVAN A006 for use on wet tracks.
Read the source article at Traction News
HOUSTON (ICIS)–Trinseo is cutting its quarterly dividend to 8 cents/share, suspending its share repurchase programme, and is considering the sale of its synthetic rubber business, the US-based styrenics producer said on Monday. …
… Meanwhile, Trinseo is exploring the possible divestment of its synthetic-rubber business.
“Our synthetic-rubber business is a very valuable asset and there are significant growth opportunities in the tyre market,” Frank A. Bozich, President and CEO, said in a statement. “However, we believe the industry continues to evolve and there are other parties who can better capitalise on these growth opportunities.”
Read the source article at icis.com