Decade of growth for auto parts industry may soon be over

The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs and huge demands for r&d spending could bring the party to an end.

The combination of uncertainty over future technologies, lingering import tariffs and unsettled trade issues with key trading partners — China, Mexico, Canada and Europe — will erode supplier company values and stock prices, making it harder to keep up current spending demands, many now worry.

Read the source article at Automotive News Europe

Tennessee Tire Boom: A Closeup Look at this Automotive ‘Hot Bed’ and its Implications for the Tire Industry

curata__Wcexq8tSDE8DlB0.jpeg

Just as Akron, Ohio, was considered the rubber capital of the world, Tennessee is well on its way to become the automotive hub in the U.S. Just take a look at the numbers: 87 of 95 counties are home to automotive operations in Tennessee. That includes OEMs, such as General Motors, Nissan and Volkswagen and over 900 automotive suppliers, according to the Tennessee Department of Economic and Community Development (TNECD).

Read the source article at Tire Review

Double Coin names Anthony Cresta as product manager

curata__hKqJcR24Kh4SXuG.jpeg

MONROVIA, Calif. — Double Coin Holdings Ltd. and its CMA L.L.C. subsidiary have named Anthony Cresta as product manager. In his new role, he will be responsible for product support within the Double Coin OTR and industrial tire lines.

Read the source article at Tire Business

Simple Tire named one of fastest growing companies by Inc Magazine

curata__dEDhDjGaY4FyN8N.jpeg

SimpleTire has been named one of the fastest growing companies —and the fastest growing automotive company— in America by Inc. Magazine.

“We’re honored to again be recognized as one of the fastest-growing private companies in America and are truly grateful for everyone’s continued trust in SimpleTire,” said CEO Andy Chalofsky. “Our sustained growth is a testament to the team we’ve assembled and the outstanding support we receive from our suppliers, partners and customers.

Read the source article at Traction News

Nokian Breaks Ground on Admin Building at First U.S. Production Facility

curata__sj4TJlvKcVFjWQm.jpeg

Nokian Tyres has started construction on an administration building at its new factory in Dayton, Tennessee, its first production facility in North America.

The building will include meeting spaces, offices, a gym, garden and other amenities.

Nokian Tyres is partnering with EMJ Construction to construct the facility, which is scheduled for completion in mid-2020.

Read the source article at Tire Review

LWG hires ex-Bridgestone exec Derek Wessels to be its COO

curata__qW7mIrdqQbWUadS.jpeg

GREENWOOD VILLAGE, Colo. — Big O Tires and Midas International franchisee Leeds West Groups has hired former Bridgestone Americas executive Derek Wessels to be its chief operating officer, overseeing LWG’s three automotive divisions.

Read the source article at Tire Business

Column: U.S. auto sector outlook is softening – Reuters

LONDON (Reuters) – U.S. motor manufacturing has been a rare bright spot amid a worldwide slowdown in the auto sector and a cooling in the rest of U.S. industry, but there are signs U.S. automakers could now be running into headwinds as well. U.S. motor vehicle and parts production was up by 3.7% in the three months from May to July compared with the same period a year earlier, according to data from the Federal Reserve.

Read the source article at uk.reuters.com

Continental gives details on its new Advanced Indoor Evaluation Center in Uvalde, Texas

Continental has opened a new US$10m Advanced Indoor Evaluation Center at its Uvalde, Texas proving ground to increase the speed at which it develops new technologies. The facility closely mimics Continental’s other worldwide indoor test centers and will provide additional capacity to the tire maker’s other test sites.

Read the source article at Tire Technology International

BKT suspends plan for U.S. factory

curata__DqutR0zEmkwMaAq.jpeg

MAHARASHTRA, India—Off-highway tire manufacturer Balkrishna Industries is suspending its plans for a U.S. tire factory, citing business uncertainties related to difficult macroeconomics and volatile climate conditions.

Read the source article at Rubber and Plastics News

New USPS delivery trucks may bring change for LT tire market

curata__dAeBxpnpfRVp4Zq.jpeg

WASHINGTON — Pending multi-billion-dollar acquisitions of delivery vehicles by the U.S. Postal Service, with changes in vehicle design motivated by e-commerce and other considerations, could mean big changes in the postal service’s light truck tire purchases.

Read the source article at Tire Business