Kumho Tire has reported a 24% rise in second-quarter operating profit, driven by increased original equipment (OE) supply in North America and Europe, as well as higher sales of replacement tires. The Korean tire maker posted consolidated sales of KRW1,332…
Cabot Corp. has reported a decline in earnings for its Reinforcement Materials business, which primarily produces rubber grade carbon black, despite a growth in volumes. For the quarter ended June 30, segment EBIT fell 24% year-on-year to $97 million, while…
Sumitomo Riko has invested $4.5 million (€3.9 million) to expand its automotive anti-vibration rubber parts plant in Bluffton, Ohio. The expansion, set to commence operations in August, will increase the plant’s production capacity by around 15% and enable mass production…
Goodyear Tire & Rubber Co. has reported a significant decline in second-quarter operating earnings and a widened net loss, despite improved market stability. For the second quarter ended 30 June, the US tire maker reported a net loss of $204…
Uniroyal Holding Inc. and its subsidiary Great Hill Corp. have filed for Chapter 11 bankruptcy protection in the US to wind up the business and resolve decades-old retiree and asbestos liabilities. The company proposes to pay non-asbestos creditors in full,…
Wacker Silicones has reported a 6% year-on-year increase in sales to €757 million in the second quarter, with division earnings (EBITDA) rising 18% to €123 million. The gains were driven by lower operating expenses, an improved product mix, and higher…
Dongfeng Nissan has lifted the curtain on the upcoming NX7 SUV for the Chinese market, a compact electrified model positioned below the larger NX8. The new SUV borrows an evolved styling language and the brand’s latest tech, with the first…
General Motors and SAIC Motor have extended their 27-year-old joint venture for another 20 years, taking the partnership to 2047. The move comes as GM ramps up its push in China’s cutthroat new-energy vehicle (NEV) market, where it sold nearly…
Peregryn Automotive is bringing Ultima Cars’ production to the U.S., launching two new supercars: the GT-S and the track-focused GT-R. Both models will be fully assembled in America, marking a shift from Ultima’s traditional kit-car roots. The GT-R steals the…
Used Class 8 truck sales surged 10.2% year over year in June, reaching 24,900 units compared to 22,600 a year earlier, according to ACT Research. The market also saw a 4.6% sequential increase from May’s 23,800 units. Analysts attribute the…