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Auto Components Tires and Rubber

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to $1 billion extra for government coffers. The justices turned away appeals by Goodyear Tire and Rubber Co, IBM Corp, AT&T Inc's DirecTV, Monster Beverage...

  • HELSINKI, May 18- Finland's financial watchdog wants the police to investigate tyre maker Nokian Tyres over possible misuse of insider information, the National Bureau of Investigations said on Thursday. The Financial Supervisory Authority has asked the bureau to investigate whether Nokian misused insider information or breached disclosure laws,...

  • PROVIDENCE, R.I.— When an exposed concrete subway vault near the U.S. Capitol was painted white this spring, riders rejoiced at the brightened Washington Metro station. A church in Atlanta was razed this spring, and the McKeldin Fountain near Baltimore's Inner Harbor disappeared this year. Earthquake concerns in the San Francisco Bay Area doomed architect...

  • PARIS, April 20- Michelin's revenue rose 9.9 percent in the first quarter, buoyed by European auto-market growth and a rebound in demand for outsize mining tires, the company said on Thursday. Revenue rose to 5.57 billion euros from 5.07 billion euros a year earlier, the French tire maker said in a statement. The company reiterated its 2017 goals, which include...

  • A mechanic stacks used tires outside the service bay of a Goodyear Tire & Rubber Co. auto garage in Shelbyville, Kentucky.

    Goldman Sachs says 53 percent of tire dealers are seeing more "discounting than usual," according to a firm survey.

  • This is what's driving rubber prices

    Jason Schenker of Prestige Economics says demand from the emerging middle class in Asia looks set to drive rubber prices higher for the next 24 months.

  • Business becoming more challenging: Top Glove

    Lim Cheong Guan of Top Glove Corporation says the company hedges forward on rubber prices and engages in R&D to combat the more challenging operating environment.

  • No other choice but to increase rubber prices: Continental CEO

    Continental CEO Elmar Degenhart gives the manufacturer’s outlook for rubber in 2017, with comment on how the price outlook could impact the company’s cost base.

  • MIT's mobility physicist: Assaf Biderman, founder and CEO of Superpedestrian

    Combining sleek design and robotics, Superpedestrian gives city riders the extra boost they need to handle the metropolis terrain.

  • TOKYO, Feb 20- Japanese shares fell for a third consecutive session on Monday as the yen's gains and uncertainty about U.S. economic policies prompted profit-taking. The Nikkei dropped as much as 0.6 percent to 19,115-- its lowest level since Feb. 9-- where it had a pivotal technical support from the top of Ichimoku cloud, which stood at 19,114.. But even taking that...

  • TOKYO, Feb 20- Japanese shares fell for a third consecutive session on Monday as the yen's gains and uncertainty about U.S. economic policies prompted profit-taking. The Nikkei dropped as much as 0.6 percent to 19,115-- its lowest level since Feb. 9-- where it had a pivotal technical support from the top of Ichimoku cloud, which stood at 19,114.. But even taking that...

  • PARIS, Feb 14- Michelin said an upturn in mining sector demand for its outsize earthmover tires will help to increase earnings this year, as the French tire maker posted a 4.5 percent gain in operating profit for 2016.. Chief Executive Jean-Dominique Senard said 2017 would be "another year of growth in line with the group's 2020 objectives." Weaker pricing reduced...

  • PARIS, Feb 14- Michelin said an upturn in mining sector demand for its outsize earthmover tires will help to lift profits this year, as the French tire maker posted a 4.5 percent increase in operating profit for 2016.. The company recorded 2.69 billion euros in recurring operating income, lifting the full-year operating margin to 12.9 percent from 12.2 percent.

  • *Signals growing protectionist sentiment in Italy. ROME, Feb 8- Italy's government is concerned about the vulnerability of its companies to foreign takeover, particularly those it considers of national importance, and is moving to defend them. Rome is drafting new corporate transparency rules to force buyers who build up significant minority stakes in...

  • Feb 8- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported lower-than-expected quarterly sales on Wednesday, as it shipped fewer tires in the Americas, its biggest market. The company said shipments in the Americas fell 4.6 percent, hurt by a continued decline in U.S. heavy-duty truck production as a result of over capacity in the market.

  • Feb 8- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a 7.9 percent decline in quarterly sales on Wednesday, as it shipped fewer tires in the Americas, its biggest market. Goodyear reported a net income of $561 million, or $2.14 per share, in the fourth quarter ended Dec. 31, compared with a loss of $380 million, or $1.42 per share, a year earlier.

  • LONDON, Feb 2- European equities fell on Thursday, with companies such as Germany's Deutsche Bank and Denmark's Novo Nordisk leading the broader market lower after their results failed to cheer investors. The European auto index, down 1.2 percent, was the biggest sector decliner as Mercedes maker Daimler fell 4 percent after its fourth-quarter results missed...

  • Floods in the world’s largest natural rubber producer Thailand are expected to boost the price of a commodity that is vital to tire production.

  • Rubber prices are bouncing back: Expert

    Nirgunan Tiruchelvam, director at Religare Capital Markets, says that automobile demand in China should spur higher rubber prices.

  • CARACAS, Jan 24- The Venezuela division of tire maker Pirelli plans to halt its local operations for two weeks starting on Jan. 30 due to a lack of raw materials, the company said on Tuesday. Pirelli, which was founded in Italy but acquired by China National Chemical Corp in 2015, said it had been able to obtain raw materials last year via a bilateral Venezuela- China...