Denman Tire Corp. says it may cease operations if it cannot secure financing and/or find a buyer. "If these efforts are unsuccessful, there will be no other alternative but to close all of the operations," says Richard Szekelyi, Denman's restructuring advisor.
Tags: Denman Tire Corp., Specialty tires
Add two more private brand tire lines to the list of recalled size 245/70R17 SUV tires manufactured by Cooper Tire & Rubber Co. late last year. That brings the total of recalled tires to 7,769.
Tags: NHTSA, Recalls, SUV tires
The North American trucking market remains depressed, but there's good news: the worst may be over, according to Kenny Vieth, partner in ACT Research, a Columbus, Ind.-based agency that tracks the North American commercial vehicle industry.
Tags: ACT Research, Freight movement, Medium truck tires, retreads
Toyo Tire Holdings of Americas Inc. has released additional information about the Open Country A/T and Proxes ST II tires it is recalling. The pool of tires under recall totals approximately 1,156 units.
Tags: light truck tires, Passenger tires, Recalls, Toyo Tire Holdings of Americas
Goodyear Tire & Rubber Co. is displaying several concept tires at this week's Geneva Motor Show, including an extremely low rolling resistance version of its Goodyear EfficientGrip tire and a new run-flat.
Tags: Consumer tires, Goodyear Tire & Rubber Co., Run-flats, Winter tires
Titan International Inc. says it will test its first 73.5-inch "super giant" OTR tire this spring. If the test is successful, Titan Chairman and CEO Morry Taylor says his company will put the tire in the field during the third quarter of 2010.
Tags: farm tires, OTR tires, Titan International Inc.
In retaliation for the way the United States has treated its cotton exports, the Brazilian government has raised import duties on an extensive list of goods, including tires. And the World Trade Organization (WTO) has authorized the sanctions, which could total as much as $829 million.
Tags: Brazil, Tariffs, World Trade Organization
Hercules Tire & Rubber Co. is recalling "certain Hercules Terra Trac SUV tires" due to a defect that may lead to tread chunking or cracking in the tread shoulder area.
Tags: Cooper Tire, Hercules Terra Trac, NHTSA, Recalls
Nitto Tire U.S.A. Inc. has released more information about its Terra Grappler All Terrain tire, which its parent company, Toyo Tire Holdings of Americas Inc., is recalling.
Tags: Consumer tires, Nitto Tire U.S.A. Inc., Toyo Tire Holdings of Americas
Ziegler Tire & Supply threw a party last night, Feb. 24, to honor its president, Bill Ziegler, MTD's 2009 Tire Dealer of the Year. Tire industry execs and dealers flew to Canton, Ohio, from all over the country to take part in the celebration.
Tags: Bill Ziegler, Facebook, MTD Tire Dealer of the Year, Ziegler Tire & Supply
High performance tire shipments grew 6.4% last year, from 27.8 million units to 29.6 million units. Growth in ultra-high performance tire shipments was even more dramatic.
Tags: High performance tires, Retail, Tire market share, tire shipments, ultra-high performance tires
“Our volume performance in the fourth quarter and the second half was ahead of industry performance in the U.S.," said Cooper Tire & Rubber Co.’s chairman, CEO and President Roy Armes during a conference call to discuss the company’s fourth quarter and year-end financial results.
Tags: Cooper, Cooper financials