Auto Components Tires and Rubber

  • CARACAS, Nov 15- Multinational companies are selling their Venezuelan operations at hefty discounts- or even giving them away- as they to seek to escape the OPEC nation's soaring inflation and chronic supply shortages. One company, U.S. autoparts-maker Dana, last year sold its debt-laden Venezuela operations to a local buyer for no cash compensation.

  • TOKYO, Nov 14- Japan's Nikkei rose on Monday as a sagging yen bolstered exporter shares while expectations that U.S. President-elect Donald Trump's policies will stoke inflation and upbeat economic data at home underpinned financials and the market's outlook. "Markets are relieved to see a decisive end to the U.S. presidential election with Donald Trump...

  • MILAN, Nov 1 (Reuters)- European shares fell for a seventh straight day on Tuesday, led lower by weaker financial stocks, as uncertainty about next week's U.S. presidential election weighed. Traders said uncertainty over the U.S. vote was fuelled by a Washington Post-ABC News poll that gave Republican candidate Donald Trump a slight lead over his rival Hillary...

  • *STOXX 600 falls 0.3 percent. LONDON, Nov 1- European shares edged lower in choppy trade on Tuesday, set for a seventh straight session of falls, with Shell and BP heading in opposite directions after both oil majors reported quarterly results. With Shell, the overall picture is far more encouraging for investors, " Chris Beauchamp, market analyst at IG, said.

  • LONDON, Nov 1- European shares rose on Tuesday and were on track to snap a six- session losing streak with Shell providing the biggest boost to the index following forecast-beating results. Royal Dutch Shell rose 3.7 percent after the oil major reported an 18 percent rise in underlying net profit, beating analysts forecasts and saying that next year's capital...

  • Akron, Ohio- based Goodyear cut its full-year unit sales growth forecast for tires to a range of 1-2 percent this year from about 3 percent. The company also lowered its 2016 operating income expectations to between $2 billion and $2.025 billion from $2.1 billion- $2.2 billion. "The U.S. commercial truck industry continues to be affected by weak volumes," Chief...

  • Oct 28- Goodyear Tire& Rubber Co reported lower-than-expected quarterly revenue as shipments fell in the Americas and EMEA, and the biggest U.S. tire maker cut its full-year forecast for operating income, citing a volatile U.S. truck tire market. Shipments in the Americas, the company's biggest market, fell 5 percent in the third quarter to Sept. 30 while shipments...

  • Oct 28- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported an 8.1 percent fall in quarterly revenue on Friday as it shipped fewer tires in the Americas region, its biggest market. The company said net income available to its shareholders rose to $317 million, or $1.19 per share, in the third quarter ended Sept. 30, from $271 million, or 99 cents per share, a year...

  • *Beijing said to be orchestrating chemicals mega-merger. HONG KONG, Oct 17- A possible merger with fellow Chinese state-owned group Sinochem could bring welcome relief to debt-laden chemicals giant ChemChina as it looks to wrap up its $43.5 billion acquisition of Swiss-based seeds company Syngenta. Led by its chairman Ren Jianxin, a dynamic entrepreneur in...

  • LONDON/ MILAN/ FRANKFURT, Oct 6- Chinese firms including Shanghai Electric have approached Fiat Chrysler Automobiles to express an interest in buying its Comau robotics business, sources familiar with the matter told Reuters. Chinese conglomerate Sinomach and Shanghai Institute of Mechanical and Electrical Engineering have also approached FCA over a...

  • BEIJING, Sept 2- A preliminary anti-dumping ruling by the United States targeting Chinese truck and bus tyres is "an abuse of trade measures", China's Ministry of Commerce said on Friday. The U.S. Commerce Department said on Monday truck and bus tyres from China were being dumped in the United States at below-market prices, a potential step toward the imposition of...

  • BEIJING, Sept 2- A preliminary anti-dumping ruling by the United States targeting Chinese truck and bus tires is "an abuse of trade measures," China's Ministry of Commerce said on Friday. The U.S. Commerce Department said on Monday truck and bus tires from China were being dumped in the United States at below-market prices, a potential step toward the imposition of...

  • *ING shares jump as Q2 results beat forecasts. LONDON, Aug 3- European stocks were steady on Wednesday as a rebound in the shares of the region's struggling banks, such as HSBC and ING, offset weaker auto stocks. A lot of companies in Europe are beating estimates, but if you look at the results, most of the companies are not actually growing their sales or profits, "said...

  • Carl Icahn at Delivering Alpha 2015 in New York.

    Investor Carl Icahn's company upped its bid for the rest of auto supplier Federal-Mogul's stock that it does not currently own.

  • A Pep Boys auto parts store in Encinitas, California.

    Pep Boys said activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone.

  • Bad news has been a boon for Malaysia's rubber glove makers, with the ringgit's drop and South Korea's MERS outbreak likely to provide a twin boost.

  • A Carlsberg advertisement

    Fears that Russia's economic downturn will ravage European multinationals may have been overstated in some cases, with companies that sell beer and soap defying expectations.

  • Shares of Malaysia's latex glove makers have had a tough year so far, but some analysts expect panic over Africa's Ebola outbreak may spur gains.

  • Continental 'outgrowing its market': CFO

    Wolfgang Schaefer, CFO at Continental AG, comments on the company's results and outlook, and discusses the impact the strong euro has had on the group's profitability.

  • Strong euro has consequences for Michelin: CEO

    Jean-Dominique Sénard, CEO of Michelin, comments on the group's Russian operations and says Europe needs to be more competitive to deal with moves in the euro currency.