December 2009
Rubber & Plastics News;12/14/2009, Vol. 39 Issue 10, p10
Trade Publication
The article discusses economic conditions in 2009 and its impact on the rubber industry. 2009 was the worst of times since the Great Depression. The general collapse of the economy began in September 2008 by the bankruptcy of Lehman Brothers. Bankruptcies of General Motors Corp. and Chrysler Corp. hurt automotive suppliers. Smaller rubber component subcontractors to higher tiers all were hard hit by the global credit crunch.


Related Articles

  • Car giants in search of a few small comforts. Smith, Stuart // Marketing Week;4/30/2009, Vol. 32 Issue 18, p13 

    The article presents information on the prospects of several automobile companies. It is stated that the U.S. manufacturers are the most severely affected by the 2008-2009 financial crises, including General Motors Corp. and Chrysler Corp. It is stated that Lexus looks highly vulnerable in...

  • The scale of the problem. Shaw, David // European Rubber Journal;May/Jun2009, Vol. 191 Issue 3, p48 

    The article talks about the impact of global economic crisis on the rubber industry. It is stated that the automotive sector, and especially the commercial vehicle side of the business has been hit worst. European sales of OE truck tyres have witnessed a fall of about 75 percent. There is some...

  • Strategic growth despite recession.  // Indiana Lawyer;8/19/2009, Vol. 20 Issue 12, p18 

    The article presents a timeline on economic events in the U.S. In September 2008, Lehman Brothers filed for bankruptcy protection. Recession begins in December 2007, and employment rate reached 4.9%. In July 2008, federal regulators seized IndyMac Bancorp in one of the largest bank failures in...

  • How Chrysler's fall touches the entire ad industry.  // Campaign;5/8/2009, Issue 18, p19 

    The article presents the author's views on the credit owed by automotive supplier Chrysler Corp. to its advertising agency BBDO Worldwide Inc. Chrysler owes the agency $58.1 million, a majority of which is owed to the media. The supplier has filed for Chapter 11 administration. According to the...

  • Speaker: Keep gains made as recession fades. Dawson, Brad // Rubber & Plastics News;5/17/2010, Vol. 39 Issue 21, p5 

    The article discusses opinion of Craig Kirsch, director of finance and acquisitions for Tyler, Texas-based Rex-Hide Inc., on recovery of rubber roller manufacturers from recession as expressed at the Rubber Roller Group annual meeting, which was held on May 2-4, 2010 in Saint Louis, Missouri.

  • Bury 2009, bring on 2010. Noga, Edward // Rubber & Plastics News;1/11/2010, Vol. 39 Issue 12, p8 

    In this article, the author advises the rubber industry to forget the financial crises of 2009 and have an optimistic view for 2010.

  • chapter 4: Special Report.  // Argentina Business Forecast Report;2010 1st Quarter, p31 

    The article offers information on the difficult global financial problems including the auto and banking sector bailout of the U.S., the infrastructure spending of Australia and the huge export credit guarantee of Russia.

  • Local bankruptcy filings skyrocket. Saphir, Ann // Crain's Chicago Business;11/16/2009, Vol. 32 Issue 46, p16 

    The article informs that bankruptcy cases in Chicago, Illinois, have increased significantly after the global financial crisis of 2008. 259 businesses have filed for Chapter 11 bankruptcy protection in 2009 in the Northern District of Illinois, which is more than fourfold from last year. Many of...

  • Bankruptcy filings in state up 64 percent in first nine months of 2009. Knightly, Arnold M. // Las Vegas Business Press (10712186);10/26/2009, Vol. 26 Issue 43, pP16 

    The article reports that bankruptcy filings in Nevada has risen to 64% during the first nine months of 2009 due to the economic downturn. It adds that the rate of bankruptcies in Nevada has surpassed all other states' per capita rates. There were 21,969 bankruptcies filed in the Bankruptcy Court...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics