Auto Components Tires and Rubber

  • 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...

  • 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...

  • *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...

  • The most recent effort to boost the price of the commodity mainly used for vehicle tyres came in February, with a promise from top producers Thailand, Indonesia and Malaysia to cut exports by a total of 615,000 tonnes for six months from March. The main rubber contract in Japan lifted from 147.1 yen a kilogram on Feb. 10 to a closing high of 202.2 yen by April 21, a gain...

  • The most recent effort to boost the price of the commodity mainly used for vehicle tires came in February, with a promise from top producers Thailand, Indonesia and Malaysia to cut exports by a total of 615,000 tonnes for six months from March. The main rubber contract in Japan lifted from 147.1 yen a kilogram on Feb. 10 to a closing high of 202.2 yen by April 21, a gain...

  • 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.

  • TOKYO, June 1- Japanese stocks ended lower on Wednesday, snapping a five-session winning streak, as a stronger yen triggered profit-taking and dimmed the earnings outlook for exporters. Turnover was 2.115 trillion yen, well below Tuesday's 1- month high of 2.874 trillion yen but above Monday's 1.560 trillion yen. Japanese mobile app firms surged on news...

  • FRANKFURT, May 14- German auto parts supplier Schaeffler AG has no plans to increase its 46- percent stake in rival Continental AG to gain a majority share, the head of the company's supervisory board told a newspaper on Saturday. "We are very happy with the 46- percent stake," Georg Schaeffler was quoted as telling Sueddeutsche Zeitung. During that bid, it borrowed...

  • April 27- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a bigger-than-expected drop in quarterly revenue, hurt by lower tire sales in the Americas, its largest market. The Americas region includes Venezuela, where the company is in the process of deconsolidating. Net income fell to $184 million, or 68 cents per share, in the quarter ended March 31, from...

  • April 27- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported an 8.3 percent fall in quarterly revenue, hurt by lower tire sales in the Americas region, its largest market. Net income fell to $184 million, or 68 cents per share, in the first quarter ended March 31, from $224 million, or 82 cents per share, a year earlier. Revenue in the Americas region declined 13...

  • TOKYO, April 21- Japanese stocks rose to a 5-1/ 2 week high on Thursday morning after the yen resumed a weakening trend against the U.S. dollar amid a bounce in oil prices and growing expectations of further easing from the Bank of Japan. "Market participants are becoming more confident in their expectations of easing from the Bank of Japan next week and the yen has...

  • *Chinese chemical giant approached BG chairman in Dec. LONDON, April 19- Chemical giant ChemChina approached BG Group with a possible bid late last year, just as Royal Dutch Shell was preparing to close a $52 billion deal to buy the British energy company, seven banking and industry sources with knowledge of the matter said. Working with investment bank HSBC,...

  • *Sony Corp halted production of image sensors at its plant in Kumamoto. *Honda Motor Co Ltd halted production at its motorcycle plant in Kumamoto with an annual production capacity of 250,000. It will keep production on hold through Monday. *Renesas Electronics Corp closed its plant in Kumamoto, which produces microcontroller chips for automobiles.

  • *Foreigners net buyers of Japan stocks for 1st time in 14 weeks. TOKYO, April 15- Profit taking in most sectors forced Japan's Nikkei share average a little lower on Friday morning, after sharp rallies over the past few days. Stock market participants saw a limited impact from a strong earthquake hit southwestern Japan on Thursday, but they said they will keep an eye...

  • MEXICO CITY, April 6- French tire maker Michelin plans to build a $510 million plant in central Mexico that will produce around 5 million tires a year and could be expanded to produce another 5 million annually by around 2020, documents showed. The plant in the state of Guanajuato will begin production in 2017, and will produce passenger and light truck tires,...

  • 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.