Auto Components Tires and Rubber


  • LONDON, Sept 23- One morning in May, the chief executive of Royal Bank of Scotland, one of Britain's biggest banks, called together his senior executives for an urgent briefing. Ross McEwan had just attended a meeting with officials at the financial regulator and had important news. For three years, the bank has vigorously denied the allegations about its Global...

  • BEIJING, Sept 17- China's outbound direct investment is expected to surpass $1 trillion for the first time in 2015, as slowing economic growth and rising internationalisation of Chinese business see more local companies investing overseas. China's slowing economy and market volatility is driving domestic firms to acquire foreign brands and technology,...

  • FRANKFURT, Sept 15- German auto parts and tyre maker Continental could do a takeover deal worth 2- 3 billion euros in the next 1-2 years, Chief Executive Elmar Degenhart said. If an appropriate target in the non-automotive sector emerges and the purchase price as well as the timing is right, then a major acquisition is possible, Degenhart said on Tuesday in an...

  • BERLIN, Aug 14- German economic growth accelerated in the second quarter of 2015 but by less than expected, with foreign trade acting as a support and domestic investment braking growth, the Federal Statistics Office said on Friday. Business confidence improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third...

  • Bad news is good for these stocks Wednesday, 10 Jun 2015 | 7:07 PM ET

    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.

  • The European staples resisting Russia's downturn Thursday, 13 Nov 2014 | 2:20 AM ET
    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.

  • Ebola panic may give these stocks a fillip Wednesday, 13 Aug 2014 | 6:35 PM ET

    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 Thursday, 31 Jul 2014 | 4:30 AM ET
    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 Tuesday, 29 Jul 2014 | 4:10 AM ET
    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.

  • Euro is a challenge: Continental CEO Thursday, 6 Mar 2014 | 4:30 AM ET
    Euro is a challenge: Continental CEO

    Elmar Degenhart, Continental CEO, says the group is optimistic on North America and Asia but expects currency headwinds to remain strong in 2014.

  • Currency volatility 'hard' on Michelin: CEO Tuesday, 11 Feb 2014 | 1:20 AM ET
    Currency volatility 'hard' on Michelin: CEO

    Marc Henry, CEO of Michelin, comments on the group's results which were boosted by a pick-up in demand in U.S. and Europe but suffered from currency headwinds.

  • Michelin builds plants where it sells: Regional head Thursday, 12 Dec 2013 | 5:40 AM ET
    Michelin build plants where it sells: N. America president

    Pete Selleck, chairman and president of Michelin North America, explains why the group has decided to open its ninth plant in South Carolina and its strategy behind new facilities.

  • European car market is 'stabilizing': Continental CFO Thursday, 7 Nov 2013 | 4:20 AM ET
    European car market is 'stabilizing': Continental CEO

    Wolfgang Schafer, Continental's CFO, discusses the impact the strong euro had on the group's results and says the European car market is stabilizing, albeit "on low volumes."

  • Europe needs a common policy: Pirelli Head Wednesday, 6 Nov 2013 | 11:58 AM ET

    The CEO of Pirelli, Marco Tronchetti Provera, said that Europe needed a "common policy" to boost its economy.

  • Pirelli has 'all the tools to deliver': Chairman Wednesday, 6 Nov 2013 | 11:00 AM ET
    Pirelli has 'all the tools to deliver': Chairman

    Marco Tronchetti Provera, chairman at Pirelli Group, comments on the group's performance and says it has "all the tools to deliver," including new products and efficiency measures.

  • How will a TPP deal impact Indonesian firms? Sunday, 6 Oct 2013 | 8:34 PM ET
    Gajah Tunggal: The opportunities & challenges of TPP

    Christopher Chan, President Director of Southeast Asia's largest tire maker, Gajah Tunggal, speaks about the impact of a potential TPP deal on its business in Indonesia.

  • The Chairman of the Pirelli Group, Marco Tronchetti Provera.

    Europe remains difficult terrain, according to Pirelli, with the company focussed on the premium sector.

  • I hope we've touched the bottom in Europe: Pirelli Monday, 9 Sep 2013 | 1:48 AM ET
     I hope we've touched the bottom in Europe: Pirelli

    Marco Tronchetti Provera, chairman of Pirelli, tells CNBC that they are seeing small signs of recovery in Europe, especially in the premium sector.

  • Europe's slowdown forces Finland to turn to Russia Sunday, 11 Aug 2013 | 5:56 AM ET

    After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.

  • Nikkei Business Report Friday, 9 Aug 2013 | 4:30 AM ET
    Nikkei Business Report

    The world's biggest tire maker Bridgestone reported its earnings today, setting a record profit for the first half. Sachiko Kishida reportd