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Bridgestone to Acquire Pep Boys

on November 11, 2015 in Tires

Bridgestone Retail Operations LLC (BSRO), a wholly owned subsidiary of Bridgestone Corp., will acquire The Pep Boys – Manny, Moe & Jack, one of America’s leading automotive aftermarket chains, in an all-cash transaction, purchasing all outstanding shares at approximately $835 million in aggregate equity value. Bridgestone’s biggest acquisition to date was the $2.6 billion purchase in 1988 of The Firestone...

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JAMA: Automobile Production Drops in September

on November 11, 2015 in Industry

Japan’s domestic automobile production dropped in September according to the Japan Automobile Manufacturers’ Association (JAMA). The number of cars (4-wheelers) produced was approximately 830,000, down 3 percent over September 2014 and marking the 15th consecutive month that the figure had fallen year-on-year. The number of all vehicle types produced fell year-on-year. Passenger car production was just over 700,000 units, down 2...

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Toyoda Gosei Develops Steering Wheel With Warning Function

on November 11, 2015 in Products

Toyoda Gosei Co. Ltd. has developed a steering wheel with a warning function that vibrates to alert drivers. The steering wheel contains a vibrating unit with a small motor that rotates an off-center weight to vibrate the steering wheel grip and thus warn the driver. The steering wheel detects when the car is accidentally drifting out of its lane and...

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Nihon Michelin Names Perriniaux President

on November 10, 2015 in Tires

Nihon Michelin Tire Co. Ltd. has announced that Paul Perriniaux, executive operating officer, will take over as president from Bernard Delmas, who will assume the title of chairman. Perriniaux joined Nihon Michelin in 1995 in truck and bus marketing. He was regional manager of Michelin Tyre PLC (U.K.) in 2001 and IT project manager at the France head office from...

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Tokai Carbon’s Operating Income Up 44% Despite Lower Sales

on November 10, 2015 in Industry

Major Japanese carbon black manufacturer Tokai Carbon Co. Ltd. recorded sales of approximately 80.5 billion yen ($653.4 million) in the first three quarters of 2015 (January-September), down 5 percent over the same period of the previous year. Operating income was up 44 percent to 3.5 billion yen ($28.4 million) and recurring profit was up 37 percent to 3.6 billion yen...

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JSR S-SBR Sales Increase 30%

on November 9, 2015 in Materials

JSR Corp. increased solution styrene butadiene rubber (S-SBR) sales volume by 30 percent in the first half of the year through March. In addition to launching full-scale operations at its new S-SBR plant in Thailand, the company’s expansion into the large-scale middle range market contributed to the first-half increase, said Hayato Hirano, senior officer and director. JSR easily exceeded global market...

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