Auto Components Tires and Rubber

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  • 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,...

  • TOKYO, March 18- Japanese stocks fell on Friday morning after the U.S. dollar plunged to a near 17- month low against the yen overnight, pressuring exporters and other shares that rely on a weaker yen. Japan's benchmark index is on course to end the week about 1.3 percent lower. "The FOMC pushed out rate hikes because of concerns about the rest of the world, and the rest...

  • GYONGYOS, Hungary, March 11- India's Apollo Tyres, which is building a half-a-billion-euro factory in eastern Hungary, says it is having difficulty finding staff, reflecting a wider problem for foreign investors in Hungary. India's No. 2 tyre maker has previously said that producing in Hungary will make it much more cost competitive to sell in the United States.

  • FRANKFURT/ HAMBURG, March 3- German auto parts and tire maker Continental has 2 to 3 billion euros at its disposal for acquisitions after improving free cashflow and boosting shareholders' equity last year, its finance chief told Reuters on Thursday. It already employs more than 13,000 software engineers- about 14 percent of its staff- and bought embedded...

  • *Japan's tyre makers look to new suppliers or stable supply. *Push could benefit Cambodia, Laos, and Myanmar. TOKYO/ MUMBAI, Feb 19- Fed up with rubber prices languishing at seven-year lows, Sunny Joseph, a farmer in India's southern state of Kerala, has uprooted his two-acre rubber plantation to make way for a more lucrative crop.

  • Tire unit volumes rose 7 percent to 42.1 million units in the quarter ended Dec. 31, partly due to the acquisition of Nippon Goodyear Ltd in Japan, Goodyear said. The company posted a net loss of $380 million, or $1.42 per share, attributable to shareholders for the fourth quarter. Goodyear earned $2.13 billion, or $7.68 per share, a year earlier, including a $2.2...

  • The company posted a net loss of $380 million, $1.42 per share, attributable to shareholders for the fourth quarter. Goodyear had a profit of $2.13 billion, or $7.68 per share, in the year-earlier quarter, which included a $2.2 billion tax-related benefit. Revenue fell to $4.06 billion from $4.36 billion.

  • *Aimed at helping to boost security of China food supply. BASEL, Switzerland, Feb 3- China made its boldest overseas takeover move yet when state-owned ChemChina agreed a $43 billion bid for Swiss seeds and pesticides group Syngenta on Wednesday. China is looking for ways to secure security of food supply for its population and the Syngenta deal will give it...

  • 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.