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Titan releases year 2000 figures

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Titan International Inc. has announced its year 2000 results.

Titan's net sales for the year 2000 totaled $543.1 million, nearly a $45 million drop from 1999. The Quincy, Ill.-based tiremaker's year 2000 net income was $4.5 million, down from $11.4 million the year before.

Titan's fourth quarter net sales reached $113.4 million, a $21 million decrease from the same period during 1999.

Company President and CEO Morry Taylor blamed losses on the United States' "economic downturn."

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