The landscape for U.S. tire distribution continues to change, as two more companies are combining forces. U.S. AutoForce (USAF) has acquired Tire's Warehouse Inc. (TWI) as of June 1, 2018.
American Tire Distributors Inc. (ATD) is reassuring customers it will be able to fill their needs for replacement tires following the news it will lose the Goodyear brand. ATD CEO Stuart Schuette outlined the company’s plans in a letter sent to stakeholders on April 24.
The divorce between American Tire Distributors Inc. (ATD) and Goodyear Tire & Rubber Co. is now out in the open. First, ATD sent out emails to its customers informing them of the split, which occurred after Goodyear and Bridgestone Americas Inc. announced it was forming an independent wholesale distribution network, TireHub.
The Goodyear, Dunlop and Kelly brands will no longer be distributed by American Tire Distributors Inc. (ATD). Stuart Schuette, CEO and president of ATD, has informed the company's retail customers that Goodyear Tire & Rubber Co. has dropped the largest tire wholesaler in the U.S. as a distributor.
By now, you have probably heard that Goodyear Tire & Rubber Co. and Bridgestone Americas Inc. are joining forces to create what they say is "one of the largest tire distribution joint ventures in the United States."
Goodyear Tire & Rubber Co. and Bridgestone Americas Inc. are joining forces. The two tire manufacturers have formed TireHub LLC, one of the largest tire distribution joint ventures in the United States.
The wholesale landscape will look a lot different when TBC Corp. becomes a joint venture company owned by Michelin North America Inc. and Sumitomo Corporation of Americas (SCOA).
Michelin North America Inc. and Sumitomo Corporation of Americas (SCOA) have agreed to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture.
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.
John Boynton has been named chief executive officer of Tredroc Tire Services Inc. The former Bridgestone executive's appointment is effective Sept. 1, 2016.
As the federal government considers additional duties on truck, bus, and radial (TBR) tires from China, Cooper Tire & Rubber Co. does not believe the domestic supply of tires will be enough to meet the demand for TBR tires in the U.S. in the near term.
Cooper Tire & Rubber Co. posted net income of $71.3 million on net sales of $740.3 million for the second quarter of 2016. That compares to income of $60.4 million on sales of $751.8 million for the same period the previous year.
Yokohama Rubber Co. Ltd. and Continental AG are ending their joint venture company, Yokohama Continental Tire Co. Ltd. (YCC), effective at the end of March 2016.