For the first time, a tire manufacturer has topped the $30 billion mark in global sales. Was it Bridgestone Corp,. Groupe Michelin or Goodyear Tire & Rubber Co.?
If you guessed Bridgestone, you would be correct. After selling $27 billion worth of tires in 2010, the largest tire manufacturer in the world finished 2011 with $31.2 billion in tire sales.
Michelin was close to the mark, finishing with $28.3 billion in sales. Goodyear, the comeback kid in terms of profitability in 2011, also set a company record in tire sales at $22.3 billion.
The Big Three also fared well in the United States and Canada. Look for the results in the soon-to-be-published 2012 MTD Facts Issue.
And to read about some of the other results in advance of the issue, check out these links:
Bob Ulrich was named Modern Tire Dealer editor in August 2000. He joined the magazine in 1985 as assistant editor, and has been responsible for gathering statistical information for MTD's "Facts Issue" since 1993.