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

Cabot Completes Placement of Air Emission Control Equipment

Cabot Corporation CBT recently announced a significant achievement in its project at Franklin, LA site in the United States. Management stated that the company received all its major emission control equipment and positioned the same for completion on site as of Jun 2020.

Notably, Cabot is the first carbon black manufacturer to partner with the U.S. Environmental Protection Agency (EPA) in conjunction with the national enforcement initiative of EPA to control air emissions from carbon black producing facilities.

Read the source article at finance.yahoo.com

Feds are investigating cheap import tire pricing

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 …

Read the source article at Autoblog

TIA Issues Statement on ‘Invest in America Act’

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.

 

Read the source article at Tire Review

Hankook Tire America Corp. Announces Curtis Brison as Vice President of PCLT Sales

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NASHVILLE, Tenn. Leading global tire maker Hankook Tire announces that Curtis Brison has been named as Hankook Tire America’s U.S. Passenger Car and Light Truck (PCLT) Sales Vice President effective June 1, 2020 . In this role, he will be responsible for all U.S. PCLT sales and corporate accounts. Hankook Tire America Corp. Announces Curtis Brison as Vice President of U.S. Passenger Car and Light Truck (PCLT) Sales.

Read the source article at PR Newswire

Michelin Launches Premium Line of Automotive Belts, Tensioners and Idlers on Amazon

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GREENVILLE, S.C., June 9, 2020 /PRNewswire/ — Michelin North America is launching a new line of quality automotive belts, tensioners and idlers available for purchase through Amazon. Automotive technicians and “DIY” enthusiasts can now purchase Michelin serpentine drive belts, along with…

Read the source article at PR Newswire

U.S. auto suppliers cheer as carmakers relaunch, but long-term worries remain – Reuters

DETROIT (Reuters) – Auto parts suppliers across North America said they are encouraged as major automakers accelerate production after coronavirus pandemic shutdowns, but are holding back on hiring and investment because of longer-term uncertainty. U.S. automakers reopened most assembly plants in late May after states began loosening restrictions, and stronger-than-expected retail auto sales in May have automakers ramping up production of the highly profitable trucks and SUVs consumers are buying. However, several auto suppliers interviewed by Reuters worry about demand heading into 2021. U.S. and global auto sales are not expected to recover to pre-COVID-19 crisis levels until 2022 …

Read the source article at reuters.com

Hankook Tire to Equip the All-New 2021 Chevy Trailblazer with Kinergy GT

NASHVILLE, Tenn., June 15, 2020 /PRNewswire/ — Leading global tire maker Hankook Tire will supply Chevrolet’s All-New 2021 Trailblazer with its all-season tire, Kinergy GT (H436). The Trailblazer RS will be equipped with Kinergy 225/55R18H, and for the ACTIV trim level, Hankook will…

Read the source article at PR Newswire

Total U.S. Aftermarket Forecast to Decline 8.8% But Expected to Rebound in 2021

RESEARCH TRIANGLE PARK, N.C. and Bethesda, Md. – June 5, 2020 – Total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent in 2020 as a result of the impact of the COVID-19 pandemic and related factors, according to the “2020 Joint Channel Forecast Model” produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA). The 2020 Joint Channel Forecast Model also predicts that total light duty aftermarket sales will grow from $281 billion in 2020 to $314 billion in 2021.

Read the source article at autocare.org

Travel on U.S. roads fell by 40% in April amid stay-at-home orders – Reuters

WASHINGTON, June 8 (Reuters) – Travel on U.S. roads fell by 39.8% in April as coronavirus stay-at-home orders prompted tens of millions of Americans to work from home and others to avoid travel as destinations temporarily closed. The U.S. Transportation Department said U.S. motorists drove 112 billion fewer miles compared with April 2019 to 169.6 billion vehicle miles. In the first four months of 2020, motorists drove fewer miles than in the period in any year since 2001.

Read the source article at reuters.com