FBI arrests two over alleged NR kickbacks

As reported in the Western press, two former Goodyear employees have been arrested by the FBI in connection with alleged kickbacks over NR purchasing. Both are Chinese nationals working in Goodyear’s Singapore office. The Chinese press has more details. According to the FBI (see press release), Xin Franco Fan, 40, and Rex Xu Yu, 41,

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Truck sales declined 3.46% in January

Statistics from the China Association of Automobile Manufacturers, showed that January 2016 domestic sales of 304,000 commercial vehicles fell once more. Although the year-on-year decline is still serious, there are signs that the downturn may be approaching bottom, since the decline is now down to single figures compared with a year ago. Furthermore, 11 Provinces

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January tire exports decline in January

China exported 34.71m tires in Janaury, a decrease of 14.4% by volumes. The exports were worth RMB6093m, a decrease of 16.1%. From Jan-Nov 2015, China’s total tire exports volume to the US was 288.32 tons, down 44.61 percent compared with last year. In the first three quarters of 2015, Shandong tire exports to the US

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US imports of Chinese tires fall

Imports of China-made tires to the United States fell by 53.2% in 2015, compared with the record high of 2014. However, imports from South Korea, Thailand, Indonesia and Taiwan all increased at double-digit rates and more than offset the decrease in China-made tires, so that overall, the share of imported tires in the United States increased

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Imports of NR, SR rise in January 2016

In January 2016 China’s imports of natural rubber (including latex) reached 222,561 tons, down 26% on December, but up by 2.4% over January 2015. In synthetic rubber rubber (including latex) imports reached 233,729 tons, down 19% on last month, but an increase of 74.8% over January 2015. Source: Commodity Exchange

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High-speed blow-outs are leading cause of accidents in China

In an unsourced quote, Auto.sohu says that high-speed punctures are now the No 1 cause of deaths in highway accidents. Nevertheless a search on the phrase, “42% of highway traffic accidents are caused by the high speed puncture” (高速公路42%的意外交通事故是由高速爆胎而造成的) brings up many results. The report continues that when a blowout occurs at 160 km/h or

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