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Auto Components Tires and Rubber

  • MILAN, Sept 18- State-owned China National Chemical Corp will give up control of Pirelli as part of the Italian tyremaker's return to the bourse to show Beijing has a market friendly approach to investments in Europe, Pirelli's chief executive said on Monday. Pirelli has long said the Chinese had a hands-off attitude to the company's management, but their...

  • MILAN/ LONDON, Sept 14- Tyremaker Pirelli has given up on what sources say was an initial valuation goal of 9 billion euros ahead of its return to Milan's stock market next month, after several fund managers baulked at paying such a lofty price. The maker of Formula 1 racing tyres said on Thursday its owners would sell up to 40 percent of the company within a price...

  • TOKYO, Aug 16- Japan's Nikkei share average was nearly flat on Wednesday with the previous day's rally running out of steam as the yen's weakening slowed, while Japan Airlines bucked the trend helped by a brokerage's bullish view. Japanese stocks have seen volatile trade recently, first spooked by growing tensions between the United States and North Korea,...

  • Britain's FTSE 100 was also up 0.2 percent, and Germany's DAX gained 0.3 percent. Year-on-year earnings growth for the quarter is running at 17 percent so far, with results in from 70 percent of MSCI Euro zone companies, Thomson Reuters data showed. "Investors should be confident that earnings growth is coming through," said Andrew King, head of European equities at...

  • LONDON, Aug 8- European equities edged lower on Tuesday following a subdued start to the week due to falls among miners and travel, while results spurred some large moves in Nokian and Pandora in otherwise thin summer trading. Britain's FTSE 100 was also down 0.1 percent, and Germany's DAX traded flat. Falls in consumer stocks weighed, as did the basic resources...

  • LONDON, Aug 8- European equities slipped early on Tuesday, extending losses from a subdued start to the week as miners came under pressure while results weighed on Pandora, IHG and Standard Life in otherwise thin summer trading. Britain's FTSE 100 was also down 0.2 percent, as was Germany's DAX. So far around 70 percent of MSCI Europe companies have reported second...

  • "Our second quarter results reflect the impact of volatile raw material costs and an increasingly challenging competitive environment, particularly in the United States and Europe," Chief Executive Richard Kramer said on Friday. Goodyear, which had hiked tire prices twice this year to counter higher raw material costs, said April tire volumes were "...

  • "Our second quarter results reflect the impact of volatile raw material costs and an increasingly challenging competitive environment, particularly in the United States and Europe," Chief Executive Richard Kramer said. The Akron, Ohio- based company's sales in the Americas slipped 2.9 percent to $2.03 billion, while sales in Europe, the Middle East and Africa...

  • The Akron, Ohio- based company's sales in the Americas slipped 2.9 percent to $2.03 billion, while sales in Europe, the Middle East and Africa fell 11.7 percent to $1.11 billion. The company lowered its forecast for 2017 segment operating income to a range of $1.6 billion to $1.65 billion, from its previous forecast of $2 billion. Net income fell to $147 million, or 58...

  • PARIS, July 25- Michelin's operating profit fell in the first half, with the French tire maker saying on Tuesday it had missed forecasts because analysts had overestimated foreign exchange gains. The numbers fell short of the 11.1 billion euros in sales and 1.43 billion-euro operating profit expected by analysts, based on the median of seven estimates polled...

  • *Germany tightens foreign takeover rules in key sectors. *Europeans unhappy about lack of equal access to China. LONDON/ BERLIN/ FRANKFURT, July 12- Germany has become the first European Union country to tighten its rules on foreign corporate takeovers, following a series of Chinese deals giving access to Western technology and expertise.

  • *Germany tightens foreign takeover rules in key sectors. *Europeans unhappy about lack of equal access to China. LONDON/ BERLIN/ FRANKFURT, July 12- Germany has become the first European Union country to tighten its rules on foreign corporate takeovers following a series of Chinese deals giving access to Western technology and expertise.

  • PARIS, July 5- Artificial heart maker Carmat is hoping a more energy-efficient implant and the appointment of a production chief can help it overcome recent failures at the French firm. Carmat says more than 100,000 patients in the United States and Europe could benefit from its artificial heart in the coming years, a market worth more than 16 billion euros.

  • SPARTANBURG/ CHARLESTON, South Carolina, June 30- Y ears before Donald Trump began promising to bring back good manufacturing jobs by getting tough with U.S. trade partners, such jobs have already been on the rise, largely thanks to foreign companies now cast as villains in Trump's narrative. The U.S. president has threatened to tear up North American Free Trade...

  • Why Top Glove is optimistic about Q4

    Lim Cheong Guan, Top Glove Corporation, says with steep rubber prices expected to be come off in the fourth quarter, results are expected to improve.

  • BERLIN, June 12- Opel Chief Executive Karl-Thomas Neumann has resigned as General Motors prepares to sell its European division to French rival PSA Group, the German carmaker said. Neumann, who has revamped Opel's image since taking charge of the troubled carmaker in March 2013, will be succeeded by finance chief Michael Lohscheller, Opel said.

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

    Morgan Stanley recommends Goodyear Tire shares, saying autonomous driving will lead to more tire sales.

  • 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,...

  • 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...