On 4 January 2017The US Department of Commerce (DOC) made final determinations in the countervailing duty investigations of imported off-the-road (OTR) tyres from India and Sri Lanka. In the India countervailing duty investigation, the DOC calculated a final subsidy rate of 5.36 per cent for mandatory respondent Balkrishna Industries and a final subsidy rate of 4.9 per cent for mandatory respondent ATC Tires. The government agency established a subsidy rate of 5.06 per cent for all other producers/exporters in India. In the Sri Lanka countervailing duty investigation, the DOC calculated a final subsidy rate of 2.18 per cent for mandatory respondent Camso Loadstar and for all other producers/exporters in Sri Lanka.
Solera Holdings, Inc. has agreed to acquire Autodata, a provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry.
“Throughout a car’s life, there are over 54 transactions that occur between motorists and automotive businesses,” said Tony Aquila, Solera’s founder, chairman and CEO. “One of Solera’s missions is to digitize the vehicle ownership ecosystem by developing cognitive applications that not only power connectivity and engagement, but also proliferate awareness and transparency across the entire automotive lifecycle.”
After the firm’s official opening in the UK in early 2015, specialist TPMS and valve manufacturer Hamaton Ltd reports it is pleased to look back on a year that has seen the business go from strength to strength, with increasing sales and an enhanced reputation developing throughout the global TPMS market. One sign of this is the firm’s decision to move to large UK premises.
China’s Ministry of Finance and Commerce (MOFCOM) has hit back at the US Department of Commerce’s (DOC) decision to preliminarily introduce anti-dumping tariffs of around 20 per cent on Chinese truck tyres exported to the US. Indeed MOFCOM called the ruling, which is in addition to roughly 20 per cent countervailing duties, “an abuse of trade measures” on Friday 2 September. “Chinese tyre companies strongly oppose the US’s abuse of trade measures,” ministry of commerce spokesperson told reports during a briefing in Beijing.
Klarius, the manufacturer of aftermarket emissions products including exhausts, CATs and Diesel Particulate Filters (DPFs) has confirmed that fitting aftermarket systems will not affect the efficiency or emissions of VW vehicles in the wake of what has been called the ‘diesel dupe’ scandal where an emissions test software ‘cheat’ was allegedly fitted to over 11million VW Group vehicles in order to meet strict US NOx test regulations.
News that VW is recalling almost half a million diesel cars in the US is bad enough, but the revelation that this is because the company put so-called defeat devices into the cars in order to mislead emissions testing systems is likely to damage the OEM’s reputation. And there is a growing financial cost too.