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USTMA supports California’s proposal to list 6PPD antioxidant, antiozonant used in tires as priority product to review in state’s consumer products green chemistry program; study finds 6PPD tire, road wear particles contribute to Coho salmon mortality

Cox Automotive projects May new-vehicle sales volume to fall 28% from a year ago to 1.14 million units, the lowest level of this year; decrease likely driven by rising interest rates, higher vehicle prices, higher fuel prices, drop in consumer optimism

GlobalData: Mentions of 'emissions' in auto company filings rose 17% in Q2 over Q1, with Toyota, GM and Ford among those discussing emissions; regulatory scrutiny on automakers on emissions has risen, leading to newer regulations and enforcement programs

Goodyear adds two super single sizes to Workhorse MSA tire line, including all-position 425/65R22.5 and 385/65R22.5 tires designed for construction, logging, oil, mining; tires feature steel belt casing, compound designed for mixed service applications

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An example of a few headlines sent to our customers on Apr, 19 2022
Automobile Industry

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April 19, 2022

Industry Roundup

Electric & Hybrid Vehicles

Commentary: Global EV sales in 2021 up 40% year-over-year, and momentum should continue; 2025-2035 may be most transformative period in automobile's history, driven by lower battery costs that allow EVs to reach price parity with internal-combustion cars
Green Car Reports (04/18)

Commentary: 10% US drivers burn 32% of gas used in US light-duty vehicles, consuming more gas than bottom 60% of US drivers combined; Washington state report to study 'superusers' could be catalyst for EV policy, provide answers on how to reach this group
Green Car Reports (04/18)

Light Vehicles

Trucks, SUVs account for 79% of new vehicle purchases in March, up from 52% a decade ago, as average car prices jump 22% since pandemic began two years ago; EV sales up 66% from a year ago, with EV market share at 4%: report
Canadian Press DataFile (04/18)

Toyota recalls 460,000 US vehicles to fix software problem in electronic stability control system; recall involves 2020 to 2022 Venz, Mirai, RAV4 Prime, RAV4 and Sienna Hybrids, Highlander Hybrid, Lexus LS500h, LX600, NX350h, NX450h-plus
Associated Press (04/15)

Sport Utility Vehicles (SUVs)

Subaru integrates global location system what3words into 2023 Outback that allows drivers to navigate to any 10-foot x 10-foot location in the world using three words; worldwide, 80% of motorists use satellite navigation, 87% do not trust it every time
Business Wire (04/15)

Tenneco’s Rancho performance suspension and shocks showcases latest products at RR4W EJS Vendor Show and Expo on April 14-15 during Easter Jeep Safari in Moab, Utah; products include Rancho RS7MT® shock absorber, RS7MT steering stabilizer
Tenneco Inc. (04/13)

Heavy Trucks/Commercial Vehicles

Heavy duty truck, trailer parts, service distributor FleetPride names BorgWarner Supplier of the Year for partnership in strategic planning, marketing; company honors nine companies with annual supplier awards
Contify Automotive News (04/18)

Canada launches C$547.5M new vehicle purchase incentive program for medium-, heavy-duty EVs to help businesses upgrade their fleets; Canada extends C$1.7B zero-emission promotion program to 2025, invests in large-scale ZEV charging infrastructure
Targeted News Service (Press Releases) (04/18)

Pickup Trucks

Commentary: Electric pickup trucks may drive real tipping point for EVs, meaning mainstream Midwestern truck buyers may join the forces of the Teslas on the coast; getting away from gas is a big plus for rural drivers as fuel costs spike
NPR (04/14)

Vans

NHTSA ends probe of USB charging port fires in 170,000 Chrysler Town and Country, Dodge Caravan minivans from 2013 to 2020 model years after investigators couldn’t determine cause of fires; NHTSA will not seek recall
Associated Press (04/12)

Automotive Care

Stellantis & You, Sales and Services creates after-sales predictive marketing partnership with FIDCAR for European dealerships; service uses AI platform to create individually-packaged after-sales maintenance offers based on actual customer needs
Stellantis NV (04/13)

Automotive Use

Shin-Etsu Chemical introduces new TC-BGI Series thermal interface silicone materials to meet demands of electric vehicle components that require heat dissipation; material offers high hardness, high voltage endurance
Business Wire (04/13)

Researchers at Germany's DITF develop method to replace potentially harmful formaldehyde in the manufacture of rubber materials used in tires; process uses hydroxymethylfurfural, which can be extracted from wood, to promote adhesion of materials
Deutsche Institute für Textil- und Faserforschung (04/12)

Auto Parts & Accessories

Heavy-duty suspension firm Link opens 50,000 square-foot mechanical, electronic air management product manufacturing, training facility in Sioux Center, Iowa, and new 15,000 square-foot Suspension Control Engineering Center in Grand Rapids, Michigan
PR Web (04/18)

Denso provides electric components for Toyota bZ4X, Subaru Solterra EVs including current sensors that are 40% smaller, integrated electricity supply units, heat pumps that serve as heat sources for climate control systems, radiant heating systems in BZ4X
DENSO Corporation (04/18)

Tires

Michelin reports tire sales up 15%-20% in Central America at Easter, Christmas and in summer because of family travel; Michelin brand valued at US$7.2B in 2020, followed by Bridgestone at US$7B, Continental at US$3.3B, Dunlop and Goodyear both at US$2.1B
CE Noticias Financieras (04/18)

Sales for full-priced tires in 2021 up 36% from a year ago, account for 80% of unit volumes sales, with sales of tires priced US$140 or more gaining 10 unit-share points; average price of car, light truck tires up more than 20% year-over-year: NACS
States News Service (04/18)

Batteries

European Commission releases proposed industrial emissions rules for EU's 2050 zero-pollution plan; new rules to cover more livestock farms, mining sites, battery facilities, and will include more effective installation permits, support for innovation
European Commission (04/18)

Executive Perspective: Rivian CEO warns EV battery shortage to be bigger issue than microchip shortage, says world's total cell production represents under 10% of what will be needed in 10 years; report finds battery production won't meet demand till 2030
Business Insider (04/18)

Car Dealers

J.D. Power predicts profitable years ahead for dealers and OEMs due to pent-up consumer demand, disposable savings, new models; waiting lists are long for premium cars, which is great for dealers, which don't have to carry inventory to have those sales
Ward's Auto World (04/14)

March new vehicle average transaction prices fall 0.3% month-over-month, but remain up 12.9% from a year ago, as dealer new-vehicle inventory averages 30 days; prices reached record high in December 2021: Kelley Blue Book
Cox Automotive Inc. (04/14)

Autonomous Transportation Technology

32% of consumers says Tesla most trusted brand for developing safe, reliable autonomous vehicles, with 19% reporting Toyota most trusted; BMW comes in at 18%, 16% of consumers trust Chevrolet, 14% name Ford as most trusted: study
AutoPacific Inc. (04/14)

Mercedes-Benz opens €200M, 70,000 square-meter Electric Software Hub integration center in Sindelfingen, Germany, with 1,100 employees to research, develop vehicle software; company to add up to 2,000 more jobs in global R&D network
Mercedes-Benz AG (04/13)

Electric Vehicle Charging

New Jersey Public Utilities awards over US$1M in grants to install EV chargers at 24 key tourist destinations in state, including 50 level-two chargers, 11 DC fast chargers; state to install 1,000 level-two chargers, 400 DC fast chargers by end of 2025
States News Service (04/18)

Listings of homes with eco-friendly features such as EV charging stations, drought-resistant landscaping can sell more than nine days faster than similar homes; energy-efficient features contribute to homes selling for more, sometimes faster: Zillow
Zillow Group Inc. (04/18)

Automotive & Driving

BluE Nexus develops downsized eAxle for Toyota bZ4X EV that integrates motor, inverter, transaxle in 150kw model for FWD EVs, 80kW model for 4WD EVs; BluE Nexus is joint venture of Aisen, Denso, Toyota
Denso Corp. (04/18)

Commentary: Canada's budget that includes tax credit for critical minerals exploration marks nation's first meaningful steps toward prioritizing critical minerals; such exploration is critical to zero-emission vehicles, other clean technology
Mondaq Business Briefing (04/15)

Commentary: Ford CEO aims to lower growing warranty costs, which are higher than GM, other rivals; issue may stem from the way Ford is structured organizationally, and if it can get to GM's level, that would free up a couple billion dollars on bottom line
Florida Times-Union (04/15)

Auto Parts & Accessories

Hankook equips BMW i4 Gran Coupe EV with ultra-high-performance Ventus S1 evo 3 tires in 18-inch, 19-inch widths in standard, run-flat options as OE equipment; Ventus tires feature special aramid composite material in belt, reinforced sidewall
PR Newswire (04/15)

Tenneco closing Kettering, Ohio, plant, citing market oversaturation of shock absorber production, higher steel, material costs; plant to close by Dec. 31, 2023, with lay-offs of 597 employees starting in June of this year, continuing through end of 2023
Dayton Daily News (04/15)

Trailer running gear, chassis, component firm DexKo Global acquires Premium Supply, a maker of custom trailer hoists, hydraulic kits, pumps, controls, accessories; Premium serves the tilt, dump, utility trailer markets from Greenville, Texas, facility
Canada Newswire (04/15)

Automobiles & Components group

Commentary: Biden to invoke Defense Production Act to support EV battery production, but mining laws need reform; current permitting process for mining is costly and time-consuming, has hindered new projects for lithium-ion battery raw material projects
InsideSources (04/15)

Tesla recalls, sends online software updates, to 595,000 vehicles in US to fix ‘Boombox” function sounds that can obscure audible pedestrian warnings; vehicles include 2020 to 2022 Model Y, X, S vehicles and 2017 to 2022 Model 3
Associated Press (04/15)

Rivian names Anisa Kamadoli Costa as Chief Sustainability Officer to oversee the company’s sustainability roadmap, help lead Rivian’s Forever philanthropic mission; Costa most recently served as Chief Sustainability Officer at Tiffany & Co
Rivian Automotive LLC (04/15)

Batteries

Morgan Stanley: Higher lithium carbonate costs could push EV makers to raise prices by up to 15% and may hit demand; most EV batteries are manufactured in China, and Chinese prices for key ingredient lithium carbonate have risen fivefold over past year
States News Service (04/15)

VW reports Q1 BEV deliveries up 65% from last year at 99,100 units, with Europe leading at 58,400 units, China recording 28,800 units, US accounting for 7,900 units; BEV orders in Western Europe rise to 300,000 vehicles
Volkswagen AG (04/15)

Hyundai IONIQ 5 EV crossover named World Car of the Year, World Electric Vehicle of the Year, World Car Design of the Year at NY International Auto Show; vehicle offers 800-volt ultra-fast charging, 470-480 km driving range with 2WD, 77.4kWh battery
Hyundai Motor Co. (04/14)

Electric & Hybrid Vehicles

Honda announces new CR-V hybrid to be released this year, followed by Accord Hybrid, with Civic hybrid following in future; Insight hybrid production at Greensburg, Indiana, plant ending in June as Honda plans hybrids to be 50% of sales mix for each model
PR Newswire (04/15)

BorgWarner awarded US$4.09M contract by DOE to lead 36-month project to design, develop cost-effective, advanced DC current fast charger with 20%-30% cost reduction; 350kW charger to have 10 charge points, support current EVs, have flexibility to upgrade
BorgWarner Inc. (04/15)

19 environmental advocacy groups urge Truck & Engine Manufacturers Assn. to support stronger truck pollution regulations, establish 2035 zero-emission target; Corporate Electric Vehicle Alliance to buy 330,000 EV class 1-8 trucks in next five years
Targeted News Service (04/14)

Electric Vehicle Charging

Gravity debuts new suitcase-sized, 360 kW urban fast-charger at NY Auto Show that company claims is 50 times faster than most chargers, manages total site peak; Gravity installing 24 chargers in New York City in spring to serve public, Gravity EV taxis
PR Newswire (04/15)

Natural Resources Canada invests C$445,000 to install 80 EV chargers in Peel, Ontario, as part of C$1.3M Peel Climate Change Partnership project; federal government to invest C$1.7B to extend national EV purchase incentive program through March 2025
Canada Newswire (04/13)

Canadian auto makers say federal EV budget programs insufficient to reach 20% EV sales targets in 2026, 60% in 2030; Canadian government to spend C$1.7B on EV rebates by 2025, with 137,000 EVs qualifying for program by February 28 for C$589M in rebates
Canadian Press DataFile (04/12)

Heavy Trucks/Commercial Vehicles

Cummins completes acquisition of engine braking, cylinder deactivation company Jacobs Vehicle Systems, with the operation reporting to Cummins Turbo Technologies; JVS has 600 employees, manufacturing plants in Bloomfield, Connecticut, Suzhou, China
Cummins Inc. (04/15)

Light Vehicles

Stellantis partners with Qualcomm to use Snapdragon Digital Chassis advancements for in-car communication, infotainment systems for STLA SmartCockpit; deployment planned for 2024, involves 14 Stellantis vehicle brands, starting with Maserati
Stellantis NV (04/15)

Mercedes-Benz chooses Hankook for OE tires on new S-Class in all markets for first time; different tire sizes, types used on vehicles, with Hankook Ventus S1 evo summer tire, Winter i*cept evo winter tire being used in Europe
Contify Automotive News (04/14)

2021 US, Canadian new vehicle sales fell from annualized high of 18.3 million units in April to 12.8 million in September; platinum price up 23.3% from a year ago, lithium price up 437% year-over-year: IAA 2021 Industry Report
U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT (04/14)

Sport Utility Vehicles (SUVs)

Tenneco’s Ohlins Racing expands presence in North America with showcase of latest off-road suspension technologies at nine-day Easter Jeep Safari in Moab, Utah; products include shock package for 2007 and newer Jeep Wrangler, Gladiator models
Tenneco Inc. (04/13)

Hyundai announces Montgomery, Alabama, plant to begin Santa Fe hybrid SUV production in October, creating 200 additional jobs; company invests US$300M to enhance assembly process, add warehouse space at factory
Hyundai Motor Co. (04/13)

 Logistics

Trucking/Van Delivery

AFC Transport's division AFC Logistics relocates to Tampa, Florida, from Indiana, with plans to add 150 jobs over next three years; company handles delivery of machinery and raw materials and has a fleet of over 150 flatbed trucks, 50 refrigerated trucks
Tampa Bay Times (04/18)

XPO announces openings of LTL terminals in Adelanto, California and Conley, Georgia; 51,500 sq-ft California site includes 99 doors to handle manufacturing, retail demand, while 55,000 sq-ft Georgia site has 97 doors and adds pickup-and-delivery capacity
GlobeNewswire (04/18)

On-Demand Local Delivery

Walgreens launches on-demand drone delivery service in Dallas-Fort Worth area via Alphabet subsidiary Wing; available via mobile app, service will deliver over-the-counter health, wellness products to 'tens of thousands' of homes in Frisco, Little Elm
FierceHealthcare (04/15)

Amazon CEO Andy Jassy says workers are 'better off' without a union, as bureaucracy hampers employee empowerment; Jassy also says Amazon's injury rates are 'sometimes misunderstood' due to company combining some warehouse and delivery roles
Business Insider (04/15)

Highways & Roads

Louisiana senator proposes Bill 477 to Senate, which would let certain trucks to haul two containers at a time to, from ports on designated roads; CRC Global Solutions says Port of New Orleans is so congested, cargo is sent to other ports, such as Houston
New Orleans CityBusiness (04/18)

New York raises DOT transport infrastructure budget 40.2% over prior five-year period to a record US$32.8B; under new plan, support for local roads and bridges rises 69% to over US$6.1B, including doubling funds for BRIDGE NY, Operation Pave our Potholes
governor.ny.gov/ (04/13)

Logistics/Transportation Infrastructure

Maersk advises customers of stoppage on new refrigerated and dangerous cargo bookings in Shanghai, while Ocean Network Express suggests diverting cargo; congested terminals, trucking, low reefer plug capacity follow China's continued zero-COVID policy
The Maritime-Executive (04/18)

Wisconsin governor, DOT and the Dept. of Agriculture, Trade and Consumer Protection approve US$9.4M for six harbor grants to improve waterway shipping; grants include US$1,175,000 to Port Milwaukee for repairs and US$1,100,000 for the Port of Green Bay
States News Service (04/15)

 Stock

Latest: Apr, 18 2022

Latest Value Prev Chg YOY Chg
Watchlist
Ford Motor (F) 15.67 15.48 1.23% 28.13%
General Motors (GM) 40.63 40.13 1.25% -30.80%
Tesla (TSLA) 1,004.29 985.00 1.96% 35.76%
SAMPLE REPORT