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."
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.
For $93 million, Cooper Tire & Rubber Co. once again has guaranteed Chinese radial truck tire production earmarked for the U.S.
Cooper Tire & Rubber Co. posted net income of $19.6 million on net sales of $861 million for its fourth quarter ended Dec. 31, 2013. That compares to income of $73 million on sales of $1 billion for the same period the previous year.
It looks like the alliance between Goodyear Tire & Rubber Co. and Sumitomo Rubber Industries Ltd. is in danger of dissolving.
Warrior passenger tires are about to enter the United States for the second time. The tire line was re-introduced by Double Coin Holdings Ltd. and the China Manufacturers Alliance LLC at the 2013 Global Tire Expo in Las Vegas.
Cooper Tire & Rubber Co.'s passenger and truck tire plant in Rongcheng, China, remains unmanned following a work stoppage that begin in July. The stoppage coincided with the announcement that Apollo Tyres Ltd. had purchased the Findlay, Ohio-based company.
Groupe Michelin and PT Petrokimia Butadiene Indonesia have signed an agreement to create a joint venture company to produce synthetic rubber for environmentally friendly tires.