Press Releases
17 June 2020
Cooper Tire & Rubber Company announced that it will open a new 1 million-square-foot regional distribution center in Whiteland, Ind. The facility, just minutes from the company’s current Franklin, Ind. warehouse, will replace the Franklin site with all employees expected to transition to the new location. The Whiteland facility is currently under construction and is expected to open in early 2021. It will provide increased capacity for product storage and a modern design for enhance
Read more...Leading global tire maker Hankook Tire will supply Chevrolet's All-New 2021 Trailblazer with its all-season tire, Kinergy GT (H436). The Trailblazer RS will be equipped with Kinergy 225/55R18H, and for the ACTIV trim level, Hankook will supply the Dynapro AT2 (RF11) 225/60R17H. Kinergy 215/65R16H tires will be available on the Trailblazer base model. As an all-season tire, Kinergy GT is the perfect match for the crossover, being designed for driving on different terrains and a n
Read more...15 June 2020
The "Global Used Car Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the global used car market 2020-2024 and it is poised to grow by 34.53 mn units during 2020-2024, progressing at a CAGR of 6% during the forecast period. The report on the global used car market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering aro
Read more...Venti Technologies, the leader in safe-speed autonomous vehicles, announced that it has successfully deployed two autonomous SUVs built by SAIC-GM-Wuling Automobile (SGMW), the joint venture formed by Chinese automakers SAIC and Wuling, along with GM, achieving another milestone in its path to commercialization. The two autonomous SUVs were deployed at a school at Nanning City, the capital of Guangxi Province, China. The SUVs, which operate at a maximum speed of 15 km per hour, prov
Read more...UVeye, an Israeli supplier of high-tech vehicle-inspection systems, is planning to expand in the United States with the introduction of products especially designed for car dealers, used-car auction houses and major vehicle-fleet operators. The company plans to open sales and product development offices in Ohio and New York within the next four months, is assembling a team of regional sales representatives and also is exploring various North American locations for production and war
Read more...11 June 2020
RepairSmith announces the acquisition of More Automotive Group, a leading provider of mobile repair and maintenance services for fleets, property managers and corporate office parks in the San Francisco Bay Area and Sacramento. Founded in 2016, More Automotive Group services thousands of vehicles annually, delivering on-site repair and preventative maintenance including oil changes, filter and wiper blade replacements, tire rotation, brake and suspension repairs and check engine lig
Read more...Xpeng Motors, a leading electric vehicle and technology company, today offers an exclusive insight into its self-constructed plant in Zhaoqing, Guangdong Province. The Zhaoqing Xpeng Motors Intelligent Industrial Park, the cradle of the Xpeng P7 super-long-distance sports sedan, was built over a 15-month period and is fully owned by Xpeng Motors. On May 19, 2020, the plant received the official production license from the Chinese Ministry of Industry and Information Technology.
Read more...9 June 2020
StarPower Semiconductor and Cree, Inc., a leader in silicon carbide semiconductors, announce that Zhengzhou Yutong Group Co., Ltd. (Yutong Group), a large-scale industrial Chinese manufacturer of commercial vehicles that specializes in electric buses, is using Cree 1200V silicon carbide devices in a StarPower power module for its new, industry-leading, high-efficiency powertrain system for electric buses. The use of silicon carbide-based power solutions enable faster, smaller, lighter and mor
Read more...8 June 2020
The global tire cord fabrics market size is expected to reach USD 7.1 billion by 2027, exhibiting a CAGR of 3.4%, according to a new report by Grand View Research Inc. Growing product utilization to reduce the overall weight of the tire and to improve its wear resistance and dimensional stability are projected to drive the market growth. Emerging economies such as India, China, Vietnam, and Indonesia are generating a huge demand for passenger cars and thereby tires, owing to rising
Read more...GAC MOTOR recently completed the first overseas delivery of its all-electric vehicle, the GE3 SUV. Yakov Ben Hion, the first international GE3 owner, is a technology enthusiast and environmentalist. He believes that a car as a means of transportation, not only solve the problem of travel but are also a lifestyle choice. "I believe GE3 will be a big hit here and many people are very interested in it. It is a great honor to be the first person to own this car," said Mr. Ben
Read more...Bridgestone Americas (Bridgestone) announced the launch of its all new Firestone Destination LE3 tire, the latest addition to the company's best-selling line of tires for SUV, CUV and light truck applications. Engineered for long-lasting performance, the Firestone Destination LE3 delivers on-highway dependability and off-road durability. "We designed the Firestone Destination LE3 tire to deliver uncompromising, all-season performance," said Erik Seidel, president, cons
Read more...Faradion Ltd., the British company that is a world leader in sodium-ion battery technology, has announced a new partnership with Infraprime Logistics Technologies (IPLTech) for its high energy sodium-ion batteries for use in commercial vehicles in the Indian market. The news comes just a few weeks after Faradion's first major order from Australia and reflects its entry into one of the most exciting electric vehicle markets in the world. India has demonstrated a growing
Read more...Tint World® Automotive Styling Centers™, a premier automotive styling and window tinting franchise, is proud to announce the opening of its 16th Florida location under the ownership of local entrepreneurs Chris and Michelle Mays. The store will provide full-service auto styling for Port Charlotte, Punta Gorda, Englewood, Arcadia, North Port and Venice. "Our experience with Tint World® has been overwhelmingly inviting and positive," Michelle Mays said. "A
Read more...Cooper Tire & Rubber Company announced that its tire manufacturing plant in El Salto, Mexico will begin the process of restarting production on a limited basis. Aligned with the company’s first priority of employee health and safety, Cooper has put in place a comprehensive set of procedures that include required employee health disclosures, increased cleaning and disinfecting of facilities and equipment, social distancing and physical barriers, visitor restrictions, and ot
Read more...According to a report published by Allied-Market-Research, the global automotive tire market was fixed at 11.16 at $ 190.0 billion, with 154.40 reaching $ 202.7 billion and 4.1. From 2020 Globally, volatile prices for raw materials and growing markets for recycled tires hamper market due to increased vehicle production and sales across various vehicle segments, introduction of advanced technology in manufacturing processes, and increased competition among tire manufacturers .. Conve
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