Bosch to Reduce Work Force as Autos Slide
(Greenville News) Robert Bosch LLC has offered voluntary severance packages to about 1,300 employees at its auto parts plant in Anderson County, the plant’s entire work force, as it seeks to reduce head count amid a sharp downturn in the industry.
Troubled Chrysler in New GM Talks, Closing All Plants
Even as Chrysler announced that it was closing all of its plants at least through mid-January, word comes that merger talks between the privately held automaker and troubled GM have resumed.
Cooper Plant Closing Update
As announced yesterday, Cooper Tire & Rubber Co. will close its Albany, Ga., tire plant, the result of its recent study of the company’s U.S. tire capacity.
Wide-Base Singles Can Now Operate at Same Weights as Duals in Ontario
(TruckNews.com) The Government of Ontario has amended its regulations to allow the new generation of wide-base single heavy truck tires to operate at the same weights as conventional dual tires.
Cooper to Close Georgia Plant
The Associated Press reported this morning that Cooper Tire & Rubber Co. will close its plant in Albany, Ga., eliminating 1,300 jobs.
Pirelli Going Green in VW Race Series
Pirelli Tire North America has been named the official tire supplier for the 2009-11 Volkswagen Jetta TDI Cup, the first zero carbon racing series in the world.
Fed Slashes Interest Rate to New Low
History was made yesterday as the Federal Reserve lowered its benchmark interest rate to 0.25% and stated that it would pump out billions to consumers and business through new lending programs.
Integra Rising: David Cosco’s New Brand is Gaining Fast Friends
(Western Canada Tire Dealers Assn. – Tim Pawsey) A major new player is making its presence felt on the Western Canadian tire industry scene this fall – except that “new” player actually has some very solid roots in the business.
Conti Board Pushing Schaeffler Off
Continental AG executives said yesterday that it would not offer seats on its supervisory board to Schaeffler Group any time soon.
Japan 2009 Tyre Output May Fall 5%
(Reuters) Tyre production in Japan is expected to fall 5% next year in terms of rubber usage as the global economic crisis takes its toll on car demand worldwide, Japan’s tyremaker industry group said on Wednesday.
Strong Retreading Potential in Chinese Tyre Market
Enormous domestic tyre production capacity, a scarcity of domestic rubber supply and increased output prices could be pointing to strong opportunities in China’s tyre retreading business.
European New Car Market Contracts by a Quarter in November
According to data released by JATO Dynamics, the European new car market fell by 25.3% (313,361 units) during November 2008, when compared to the same month last year.