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Goodyear's Raw Material Costs Increase $300M in 3 Weeks

Tire makers worldwide are citing rising raw material costs as the driver of their price increases. Goodyear Tire & Rubber Co. painted a picture of just how extreme the increases have been so far — using words like “volatile” and “unpredictable."

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Mitsubishi Begins Production of Mirage G4 in Philippines

Mitsubishi Corp. (MMC) has announced that production of its Mirage G4 — also known as the Attrage in other markets — has started at the vehicle assembly plant of Mitsubishi Motors Philippines Corp. (MMPC).

Courtesy of Subaru.

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Subaru Canada Earns Best Retained Value for Overall Brand Award

Subaru Canada, Inc. has won its first-ever Best Retained Value “Overall Brand Award in the Car Category from Canadian Black Book (CBB), according to an announcement from the company.

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Société Générale to Float ALD Automotive on Stock Market

French finance and banking institution Société Générale has announced that it intends to float its international car leasing and fleet management company ALD Automotive on the French stock market. The stock market introduction is expected to happen during the course of this year, and would involve a limited portion of the company.

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Ranger Design Donates to Montreal Hospital

Ranger Design has donated $100,000 to the Montreal Neurological Institute to help the hospital launch its Neuro-Palliative Care program, the upfitter has announced.

Michael Bieger, senior director of global procurement for ADP, gives a presentation about creating a global fleet organization to a packed house at the 2015 Global Fleet Conference in Miami. The Global Fleet Conference returns to Miami in 2017.

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Global Fleet Conference Preferred Pricing Available to May

Registration for the Global Fleet Conference 2017 has opened and preferred pricing is available to fleet managers who sign up before May 6.

News

Brazilian Tire Market Forecast to Grow to $6.5B by 2021

Replacement demand for tires in Brazil is anticipated to grow at a faster rate during 2016-2021 than OEM tire demand. Some of the major players operating in Brazil's tire market are Pirelli, Michelin, Goodyear, Bridgestone, Continental and Rinaldi.

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Isuzu Stays Top-Selling Commercial Truck OEM in South Africa

Isuzu Truck South Africa (ITSA) held onto its No. 1 position in South Africa in 2016 for the fourth consecutive year and ended with a 14.6% market share from the total park of 3,952 units.

News

First German Fleet Sues VW Over Diesel Emission Scandal

Fish distributor Deutsche See is suing Volkswagen for misrepresenting fleet vehicles it leased as environmentally friendly. It is the first major German fleet customer to sue VW over the diesel-testing scandal. Deutsche See leases approximately 500 vehicles from Volkswagen.

Photo courtesy of General Motors.

News

Pricing Announced for Chevrolet Cruze Hatch in China

Pricing for the China Chevrolet Cruze Hatch was announced on Feb. 7. Five trims with a choice of 1.4T or 1.5L engines are available for a price range between RMB 109,900 and RMB 169,900.

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