Stock prices for 12 of 17 publicly traded tire manufacturers rose in 2007. The three United States-based tire manufacturers, Goodyear Tire & Rubber Co., Cooper Tire & Rubber Co. and Titan International Inc., were among the 11 "winners."
Cooper's stock price rose 15.9%, from $14.30 on Dec. 29, 2006, to $16.58 on Dec. 31, 2007. Goodyear's stock price rose 34.4%, from $20.99 to $28.22. But Titan's stock price increased 55.1%, from $20.15 to $31.26.
Nine of 14 overseas stocks increased in value after taking currency exchange rates into consideration. Here are the gains and losses (companies are listed alphabetically):
* Bridgestone Corp., down 20% (from $22.14 to $17.71);
* Continental AG, up 11.4% (from $116.09 to $129.37);
* Groupe Michelin, up 22% (from $95.70 to $116.79);
* Hankook Tire Co. Ltd., up 12.4% (from $16.99 to $19.11);
* Kumho Tire Co., up 10.3%% (from $13.54 to $14.94);
* Nexen Tire, up 128% (from $18.92 to $43.19);
* Nokian Tyres plc, up 71.7% (from $20.33 to 35.06);
* Pirelli & Cie SpA, up 8% (from $1.00 to $1.08);
* Sumitomo Rubber Industries, down 30.2% (from $12.76 to $8.90);
* Toyo Tire & Rubber, down 23.8% (from $4.87 to $3.71);
* Yokohama Rubber Co., up 1.5% (from $5.98 to $6.07).
Kenda Rubber Industrial Corp. Ltd.'s stock rose 6.2%, while its fellow Taiwanese manufacturers Federal Tire Corp. and Nankang Rubber Tire Corp. Ltd. suffered drops in their respective stock prices.
