Current Issue
×

Top Stories

Title Issue Date Category Formats Records Price
Expansions enhance Cooper Standard's global capabilities
View Description View Full Details
NOVI, Mich.—Cooper Standard Automotive Inc. is drastically increasing its global technical capabilities and North American manufacturing presence with a variety of moves. The firm plans to...
View Full Details »
NOVI, Mich.—Cooper Standard is drastically increasing its global technical capabilities and North American manufacturing presence with a variety of moves. NOVI, Mich.—Cooper Standard is drastically increasing its global technical capabilities and North American manufacturing presence with a variety of moves. $ NOVI, Mich.—Cooper Standard is drastically increasing its global technical capabilities and North American manufacturing presence with a variety of moves.
Under 40: Rubber industry full of young, promising talent
View Description View Full Details
There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. That's what the...
View Full Details »
There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project. There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project. $There's no denying that the rubber industry needs to attract more young, qualified people. But look closely and you'll find plenty already embracing what it has to offer. Throughout the next two weeks, we'll introduce you to 28 of those up-and-comers with our Under 40 project.
Conti to test driverless vehicle this year
View Description View Full Details
HANOVER, Germany—Continental A.G. has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE.In a July 20 news release, the German technology...
View Full Details »
HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE. HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE. $HANOVER, Germany—Continental has advanced its driverless vehicle technology with the development of a demo vehicle it calls CUbE.
Autonomous technology driving vehicle design
View Description View Full Details
TROY, Mich.—Mobility always has been at the core of the automotive industry, and now it's also about to rock that same core. Autonomous vehicles are on the horizon. And even if that horizon ...
View Full Details »
TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream. TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream. $ TROY, Mich.—Autonomous vehicles are on the horizon. And even if that horizon is distant, the industry is preparing to design a new world where millions of people would gain access to the road if the technology can be brought to the mainstream.
Tekni-Plex expands in Asia, U.S.
View Description View Full Details
SUZHOU, China—Tekni-Plex Inc. is expanding its global footprint and product offerings through two of its subsidiaries.First, the firm is investing $15 million for a new manufacturing...
View Full Details »
SUZHOU, China—Tekni-Plex is expanding its global footprint and product offerings through two of its subsidiaries. SUZHOU, China—Tekni-Plex is expanding its global footprint and product offerings through two of its subsidiaries. $SUZHOU, China—Tekni-Plex is expanding its global footprint and product offerings through two of its subsidiaries.
Rubber rankings top 6 unchanged, but sales slide
View Description View Full Details
The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10....
View Full Details »
The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10. The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10. $The top echelon of the North American rubber product manufacturing industry stayed intact during 2016, with the top six firms holding the same spots as 2015 and only one newcomer to the top 10.
Arab investment firm partners with Nexen
View Description View Full Details
ABU DHABI, United Arab Emirates—Mubadala Investment Co., an Abu Dhabi-based strategic investment fund, has made an equity investment in Nexen Tire Corp. and struck a deal with the South...
View Full Details »
ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities." ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities." $ABU DHABI, United Arab Emirates—Mubadala Investment has made an equity investment in Nexen and struck a deal with the South Korean tire maker to "explore strategic partnership opportunities."
Business, labor groups react to USTR's NAFTA priorities
View Description View Full Details
WASHINGTON—A modernized North American Free Trade Agreement, ensuring the highest fair trade standards covering the broadest possible range of goods and services, is the Trump...
View Full Details »
WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations. WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations. $WASHINGTON—The Office of the U.S. Trade Representative released its "Summary of Objectives for the NAFTA Renegotiation." The document was greeted by a wide range of comments from organizations and associations.
Nexen sponsoring Euro soccer teams' U.S. tour
View Description View Full Details
SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums July 19-30....
View Full Details »
SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums. SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums. $SEOUL, South Korea—Nexen will be a sponsor of the 2017 International Champions Cup tour, which features a dozen matches between leading European soccer teams at U.S. stadiums.
Toyoda Gosei expands Fluid Systems unit
View Description View Full Details
BRIGHTON, Mich.—A Toyoda Gosei Co. Ltd. subsidiary is about to get a whole lot bigger.TG Fluid Systems USA Corp. has begun construction of a 62,000-sq.-ft. addition to its manufacturing...
View Full Details »
BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition. BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition. $BRIGHTON, Mich.—A Toyoda Gosei subsidiary is about to get a whole lot bigger with a 62,000-sq.-ft. addition.
Digital Edition
Digital Edition
Published on September 4, 2006

Slump hits imports, but not as much

Have a question? Need some help?
Click here to view the FAQ

Tags

Date Published September 4, 2006
Category

The slump in tire demand in the U.S. so far this year has affected even imports, although the significant cut in production capacity might change that.

Shipments of passenger, light truck and medium truck tires from January through May fell 4.3 percent to 138.1 million units, according to the latest figures from the Rubber Manufacturers Association. Imports during the same period increased 1.5 percent to 58 million units, but that is a far cry from the double-digit growth recorded in each of the past several years.

The slowing pace of imports affected most of the U.S.'s major trading partners. The exception is China, which continued its steady growth as a tire exporter to the U.S., especially in the truck tire categories, according to the U.S. Department of Commerce data.

For the five-month period, imports of light truck tires from China jumped 46.4 percent to 2.3 million units and medium truck/bus tires 43.9 percent to 2.1 million.

Passenger tire shipments from China rose 2.8 percent to 7.4 million units. Coupled with a decline in imports from Japan, China has become the U.S.'s No. 2 source of imported car tires after Canada.

While imports overall plateaued during the period, foreign-made light truck tire shipments grew 13.3 percent and medium truck/bus 20.8 percent, while passenger tire imports fell 0.3 percent.

In addition, the Commerce Department data show two emerging trading partners-Indonesia and Thailand. Imports of auto tires from Indonesia shot up 118.6 percent to 1.7 million units, and shipments of medium truck tires from Thailand grew 84.6 percent to 502,195 units.

Imports from Canada and South Korea, on the other hand, fell in all three categories.

Production by U.S. tire makers declined 3.2 percent during the five-month period, with passenger tire output off 3.6 percent and light truck tire 1.8 percent. Medium truck/bus tire output rose 0.4 percent.

Exports-which represent about 15 percent of U.S. shipments-grew 11.3 percent during the period.

The closing of Continental Tire North America Inc.'s Charlotte, N.C., plant in July will take about 3 million units of production out of the second half. Bridgestone/Firestone shutting its Oklahoma City plant probably won't show up in the RMA data until next year.

Michelin North America Inc.'s plan to trim output at its BFGoodrich Tire plant in Opelika, Ala., will have a more immediate effect.

Why are imports up when shipments in general are down? For Dennis Virag, president of Automotive Consulting Group Inc. in Ann Arbor, Mich., it's a simple

ERROR: Object template cce_CCI_SITE is missing!