News

Pirelli's Financial Results Are Positive Through 3 Quarters

Pirelli & Cie SpA posted net income of 123.6 million euros on revenues of 4 billion euros through the first nine months of fiscal 2017 ended Sept. 30. That compares to income of 16.7 million euros on sales of 3.7 billion euros for the same period last year.

News

Michelin Ends Warrior Tire Joint Venture in China

Michelin Group is has ended its joint venture agreement in China with Double Coin Holdings Ltd. and Shanghai Huayi Group to produce and market Warrior brand passenger car and light truck tires.

News

Titan's Sale of 2023 Senior Secured Notes Ends

Titan International Inc. has closed its offering of $400 million aggregate principal amount of 6.500% Senior Secured Notes due 2023. The Notes were offered and sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States in compliance with Regulation S. 

News

Titan Settles Tender Offer and Call for Redemption Early

The consent deadline with respect to Titan International Inc.'s previously announced cash tender offer and consent solicitation for any and all of its outstanding 6.875% Senior Secured Notes due 2020 has come and gone.

News

ContiTech Consolidates 2 Georgia Textile Plants

Continental AG's ContiTech division is consolidating two textile facilities in Georgia, both of which make elements used in tire production. The company also is investing more than $9 million to update the surviving Barnesville facility.  

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