Groupe Michelin posted net sales of 5.3 billion euros for the first quarter of its 2012 fiscal year ended March 31, 2012. That compares to sales of 5 billion euros for the same period last year.

Tags: Michelin financials, Price increases, Raw material costs

For the fiscal period ended Dec. 31, 2011, the Yokohama Rubber Co. Ltd. posted net income of 11.6 billion yen on operating income of 26.3 billion yen and net sales of 465.1 billion yen. (The company has shifted to calendar-year fiscal accounting as of 2012 from its previous April-to-March accounting. That resulted in a one-time-only nine-month fiscal accounting period, and year-on-year comparisons are therefore unavailable.)

Tags: company financials, Yokohama

Toyo Tire & Rubber Co. Ltd. posted net income of 4.1 billion yen on net sales of 241.6 billion yen for the first nine months of its 2011 fiscal year. That compares to income of 5.1 billion yen on sales of 226.5 billion yen for the same period the previous year.

Tags: Earthquake, Raw material costs, Toyo Financials

Beginning Jan. 1, 2012, Falken and Ohtsu brand passenger and light truck tires will cost dealers up to 5% more.

Tags: Andrew Hoit, Falken financials, Price increase

Roy Armes, chairman, CEO and president of the Cooper Tire & Rubber Co., says in its third quarter, the company was able to show improvement in its margins “even with the persistent challenges of high raw material costs and sluggish demand in key markets and product lines where we have significant exposure. Our sales growth resulted in the company's first quarter with over $1 billion of sales.”

Tags: company financials, Cooper Tire & RubberCo., Tire prices

Pirelli Tire Inc. will raise prices by up to 7% on all of its consumer tires in Canada effective Dec. 1, 2011.

Tags: Consumer Tires, Pirelli financials, Price increase