Kumho is launching the world’s first ultra low profile 15 Series tyre at the 2008 SEMA (Speciality Equipment Market Association) Show in Las Vegas this week (November 4-7).

The 385/15ZR22 size ECSTA SPT KU31 has been developed as a conversion option for such exotic sports cars as the Ferrari F430, Dodge Viper, and Corvette Z06. Read the rest of this entry »

GM Daewoo Auto & Technology Co., the South Korean unit of General Motors Corp., said Friday it has been forced to halt production at its main factory as two local tiremakers stopped supplying tires to demand a price hike.

Vehicle production at GM Daewoo’s main plant in Bupyeong, west of Seoul, was suspended indefinitely from Friday afternoon as Hankook Tire Co. and Kumho Tire Co., the nation’s top two tiremakers, cut their supply.

The two companies are demanding a 12 per cent rise in tire prices.

“The two tiremakers account for 85 per cent of our tire demand,” said an official at GM Daewoo.

“Unless the supply resumes, it will significantly hurt production,” the official said, asking not to be named.

via TradingMarkets.com