The serious crisis currently unfolding in Ukraine is particularly impacting Europe. Michelin says it is monitoring the situation at all times at the highest level of the Company and expresses its full support for the victims of this conflict. Michelin says it is doing everything possible to support affected employees and also supports local initiatives
Finland-based Nokian Tyres is shifting production of some of its key product lines from Russia to Finland and the United States to prepare for possible further sanctions following Russia’s invasion of Ukraine, the company said. According to Nokian, their business is one of many grappling with how to respond as Russian forces sweep across Ukraine,
Cooper Tire & Rubber Co. Europe Ltd., will move forward with a previously announced proposal to cease light vehicle tire production at its Melksham, England facility.
IHS Markit’s automotive analysts have developed an overview of what Hurricane Harvey can mean to the automotive industry in Texas. The report said mainly the Houston, Texas, area and the sales in that region would be affected.