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July 30, 2010

Michelin reports sales increases for first half

Michelin Group has announced an increase in sales volumes of 15.3% for the first half of 2010.

Tags: Financials, Michelin

July 29, 2010

Goodyear is 'on right path' to hit targets, says Kramer

In a conference call to discuss Goodyear Tire & Rubber Co.'s second quarter results, Richard Kramer, president and chief executive officer, said the company’s growth in the second quarter “demonstrates that we pulled the right levers during the economic downturn.”

Tags: Financials, Goodyear

July 19, 2010

Titan to hold earnings conference

Titan International Inc. will hold an earnings conference call for its second quarter that ended June 30, 2010, at 9 a.m. Eastern Standard Time on Wednesday, July 28.

Tags: Earnings report, Financials, Titan, Titan International

April 19, 2010

Cooper to release first quarter financials

The Cooper Tire & Rubber Co. will announce its first quarter 2010 financial results before the market opens on Wednesday, May 5.

Tags: Cooper, Financials

April 16, 2010

Goodyear to report first quarter financials

The Goodyear Tire & Rubber Co. will report first quarter 2010 financial results before markets open on Wednesday, April 28, to be followed by an investor conference call at 10 a.m. EDT.

Tags: Financials, Goodyear

February 18, 2010

New products, Asian markets boost Goodyear

"We made the right decision late in 2008 to launch a record 62 new products in 2009 despite poor industry conditions. Others may have made a different decision," said Robert Keegan, Goodyear Tire & Rubber Co. chairman and CEO during a news conference to discuss the company's fourth quarter and full-year 2009 financial results.

Tags: Financials, Goodyear

January 1, 2010

Tire industry stocks rebound in 2009

It was a rebound year for almost all of the tire manufacturers trading public stocks. Fifteen of the 18 stocks www.modertiredealer.com regularly follows were worth more (in United States dollars) at the end of 2009 than they were on Dec. 31, 2008.

Tags: Cooper financials, Financials, Stock prices

September 25, 2009

Yokohama projects fewer sales, less loss

Yokohama Rubber Co. Ltd. has reduced its net-loss projection for the first six months of fiscal 2010 from 8 billion yen to 5 billion yen.

Tags: Financials, Yokohama financials

September 16, 2009

2H09 should be better, Ludwig says

"The 1H09 financial results of almost all tire manufacturers were very ugly as low volume, inefficient use of facilities, plant closings and other restructuring costs led to large losses for Goodyear, Michelin, Continental, Bridgestone, Cooper, Sumitomo, Kumho and others," says Saul Ludwig in the September installment of the "Ludwig Report" in Modern Tire Dealer magazine. "Only Pirelli Tire showed a respectable profit.

Tags: Financials, Ludwig, Ludwig Report, Saul Ludwig

August 13, 2009

Sumitomo posts net loss in the first half

Sumitomo Rubber Industries Ltd. posted a net loss of 6.9 billion yen on net sales of 229.7 billion yen for the first half of its fiscal 2009 ended June 30. That compares to net income of 2.1 billion yen on sales of 284.5 billion yen for the same period last year.

Tags: Financials, Sumitomo financials

August 6, 2009

Cooper ships consumer tires to Sears

In a conference call to discuss the company’s second quarter financial results, Roy Armes, Cooper Tire & Rubber Co. chief executive officer, said the company has started shipping consumer tires to Sears, Roebuck and Co.

Tags: Cooper, Cooper financials, Financials

August 5, 2009

Cooper posts operating profit in North America

Cooper Tire & Rubber Co.'s North American Tire operations generated $427 million in sales for the second quarter ended June 30, 2009. That represents 67.6% of the company's total sales.

Tags: Cooper financials, Financials, RMA

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