Automotive

Latest rubber industry news for manufacturers serving the automotive sector.

Recent News

  • Another firm pleads guilty in price fixing scheme

    By: Hannah Lutz, Automotive News Jan 30, 2015

    DETROIT—A Japanese company has agreed to plead guilty and pay a $3.2 million fine for conspiring to price fix air conditioning systems, joining a list of 32 other companies that have been charged in the ongoing investigation.

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  • Sealing maker Standard Profil opens 10th plant

    Jan 30, 2015

    GUANAJUATO, Mexico—Automotive sealing manufacturer Standard Profil S.A. has opened its 10th plant worldwide, locating the facility near the hub of North American auto manufacturing.

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  • Equity firm Bain Capital to acquire TI Automotive

    By: Dustin Walsh, Crain's Detroit Business Jan 27, 2015

    AUBURN HILLS, Mich.—After months of speculation, Auburn Hills-based TI Automotive Ltd. entered into an agreement today to be acquired by the private equity firm Bain Capital L.L.C.

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  • Change is buzzword for auto industry

    By: Bradford Wernle, Automotive News Jan 27, 2015

    DETROIT—From Tesla to the Google driverless car to the aluminum 2015 Ford F-150 pickup to active safety systems that promise zero fatalities, the auto industry is changing at an unprecedented pace.

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  • Executive action

    Jan 26, 2015

    Apollo re-designates CFO to chief business officer KOCHI, India—Apollo Tyres said it will re-designate Sunam Sarkar, its president and chief financial officer, to the position of president and chief business officer. He will relocate to Singapore, the firm said. Sarkar joined Apollo in...

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  • Equity firm acquires U.S. Farathane

    Jan 26, 2015

    AUBURN HILLS, Mich.—The Gores Group, a private equity firm, has acquired Auburn Hills-based injection molder U.S. Farathane Corp. for more than $100 million. Los Angeles-based Gores Group is led by Alec Gores, brother of Detroit Pistons owner Tom Gores. U.S. Farathane CEO Andy Greenlee...

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  • Benecke-Kaliko building new plant in China

    Jan 23, 2015

    CHANGZHOU, China—Construction has begun on automotive trim material producer Benecke-Kaliko A.G.'s newest plant in Changzhou.

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  • Chinese firm could pursue Henniges acquisition

    By: Bloomberg News Jan 22, 2015

    DETROIT—Aviation Industry Corp. of China, the nation's biggest aerospace company, is among bidders pursuing an acquisition of U.S. car-parts maker Henniges Automotive Holdings Inc., people with knowledge of the matter told Bloomberg.

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