Allpart Supply Inc. has opened a training facility in Arlington, Texas, for wheel balancing and automotive lift owners and operators.
Bridgestone Corp. reported net income of 142 billion yen on net sales of 1.7 trillion yen for the first half ended June 30, 2014. That compares to income of 117 billion yen on sales of nearly 1.7 trillion yen for the same period last year.
Based on the exchange rate on June 30, 2014, Bridgestone recorded net income of nearly $1.4 billion on net sales of $17.2 billion for the first half. Its income-to-sales ratio was 8.3%.
Bridgestone’s operating income rose 17%, from 190.3 billion yen to 223.1 billion yen.
The company says the United States economy continues gradual recovery due to an increase in consumer spending, and the European economy has shown signs of recovery. Overall, recovery by many overseas economies remains weak, according to Bridgestone. The Japanese economy is showing signs of a gradual recovery due to economic and monetary polices.
In the tire segment, Bridgestone worked "to maximize sales momentum by introducing appealing new products globally, enhancing strategic products and reinforcing fundamental competencies such as specification optimization, and responding promptly to demand fluctuation in each region."
Tire income/sales in yen, 1H 2014
Year Net sales Operating income
2013 1.469 trillion 202.0 billion
2012 1.448 trillion 173.2 billion
Unit sales of passenger and light trucks in North America “increased steadily” compared to the first half of fiscal 2013. Unit sales of truck and bus tires “increased strongly” compared to the year-ago period, according to the company.
For fiscal 2014, Bridgestone projects net income of 293 billion yen on net sales of 3.6 trillion yen. Compared to 2013 fiscal results, the projections are up 45% and 2%, respectively. The company predicts operating income will be up 8% to 475 billion yen.
Colleen Horn Doyle, a fourth-generation member of the McCarthy family, is the new corporate attorney for McCarthy Tire Service Inc.
Cooper Tire & Rubber Co. is recalling certain Discover M+S Sport tires in 15- through 19-inch sizes. The potential number of units affected is 7,067.
Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.
Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.
ATV Inc. has acquired six stores in the greater Los Angeles metro area. The purchase expands ATV's network of American Tire Depot stores to 98 outlets, all in California.
The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).
Toyo Tire & Rubber Co. Ltd. reported a net loss of 12.3 billion yen on net sales of 381.6 billion yen for its fiscal year ended Dec. 31, 2016. That compares to net income of 1.6 billion yen on net sales of 407.8 billion yen for fiscal 2015.
Omni United (S) Pte. Ltd. has signed Ladies Professional Golf Association (LPGA) golfer Jodi Ewart Shadoff as ambassador for its flagship Radar tires brand for the second straight year.
The president of Meineke Car Care Centers LLC says consumers want to do business with big brands, and he expects that overall shopping trend will affect the automotive aftermarket.
Giti Tire (USA) Ltd. will increase prices on GT Radial brand tires in the U.S. and Canada, effective April 1, 2017.
An upcoming free webinar, "Commitments: Understanding Customer Buying Decisions," will help improve your retail selling experience. It will be held today, Wednesday, Feb. 15, 2017, starting at 2 p.m. ET (11 a.m. PT), and last an hour.
The last two months of the year proved to be busier than expected, according to the Rubber Manufacturers Association (RMA). Way busier.
Margins on consumer tires helped boost Groupe Michelin’s net income 43% in 2016. Michelin posted net income of 1.7 billion euros on net sales of 20.9 billion euros for its fiscal year ended Dec. 31, 2016. That compares to income of 1.2 billion euros on sales of nearly 21.2 billion euros for fiscal 2015.
The BFGoodrich tire brand developed its off-road identity four decades ago in the Baja peninsula in Mexico. Now Michelin North America Inc. is recognizing the region's importance with a $10,000 donation.