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Ex-LD Carbon CEO, Finance Executives Accused of Embezzlement, Misuse of State Funds
May 06, 2026
LD Carbon, a South Korean environmental materials company, has filed a criminal complaint against its former chief executive and two senior finance officials, accusing them of embezzling corporate funds and misusing government subsidies through falsified
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Michelin Revenue Falls On Currency Impact As Group Maintains 2026 Outlook
May 06, 2026
Michelin reported a 5.4 percent decline in first-quarter revenue to €6.2bn as currency movements weighed on reported sales. The company maintained its 2026 outlook, supported by resilient replacement demand, premium tire sales growth and expansion in i
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Hankook’s Ventus Tarmac Rally Tyres Conquer Volcanic Asphalt As Ogier Dominates WRC Canarias
May 06, 2026
Hankook Tire, the exclusive tyre supplier for the FIA World Rally Championship, has concluded the fifth round of the 2026 season, Rally Islas Canarias, which took place from 23 to 26 April in Spain’s Canary Islands. For the demanding asphalt stages, Han
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wdk President Warns Germany Losing Industrial Substance As Rubber Sector Declines
May 06, 2026
wdk, the German Rubber Industry Association, and the ADK, the German Rubber Industry Employers’ Association, hosted their annual Rubber Industry Day in Berlin on 28 April 2026. The event saw wdk President Michael Klein issue an urgent call for industria
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Bridgestone, Penske Unveil Real-World CO₂ Reduction Strategies From Joint Lab
May 06, 2026
Bridgestone Americas has concluded the first phase of a joint research initiative with Penske Transportation Solutions, known as the Decarbonisation Lab, which focused on identifying commercially ready methods for reducing carbon emissions in real-world c
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Maxion Wheels Unveils Low-Carbon Steel Wheel For Daimler Truck’s reECONIC Vehicle
May 05, 2026
Maxion Wheels will showcase a low‑carbon commercial vehicle steel wheel at IFAT Munich as part of the Daimler Truck–led reECONIC concept vehicle. The component demonstrates how circular material strategies and advanced engineering can significantly cu
