For 52 years Les Schwab Tire Centers Inc. had an exclusive, multi-state territory with Toyo Tire USA Corp. That deal, which effectively locked out other tire dealers, including online retailers, from selling Toyo-branded products in the northwest corner of the U.S. has come to an end.
It didn't take long for the truck tire tariffs to be implemented. On Jan. 30, 2019, the International Trade Commission reversed an earlier decision and ruled the U.S. tire market was being harmed by the importing of truck and bus tires from China.
TBC Brands LLC has combined its Power King and Harvest King commercial tire brands into a new website.
Yokohama Rubber Co. Ltd. posted net income of 35.6 billion yen on net sales of 650.2 billion yen for the fiscal year ended December 31, 2018. That compares to income of 40.0 billion yen on sales of 646.3 billion yen in fiscal 2017.
It seems like every issue of Modern Tire Dealer has an announcement of a new acquisition by Monro Inc., Icahn Automotive Group LLC, Bridgestone Americas Inc. and the like. One would assume by reading these that what I call the company-owned conglomerates are “winning the war” for the hearts and minds of consumers, but I would disagree. I think tire dealers are winning right now.
Alliance Tire Group Inc. (ATG) has released the Alliance 551 Multiuse Professional, a steel-belted radial designed for modified front-wheel drive assist (MFWA) tractors operating in snow and ice.
Goodyear Tire and Rubber Co. doubled its earnings in 2018, despite year-over-year declines in sales and volumes of 5% and 3%, respectively, in the fourth quarter.
Bridgestone Americas Inc. will begin building a race tire manufacturing plant in Akron, Ohio, in the summer of 2019. Production is set to begin in 2020 and will reach about 30,000 Firehawk tires every year.
Torque and torque measurement products from Norbar Torque Tools Inc. are designed specifically for fleets and wheels.
Hankook Tire America Corp. has hired Rob Williams to lead sales of truck and bus radial (TBR) tires.
China made a big comeback in 2018 in the truck tire market.
Alliance Tire Group (ATG) is offering two new forestry tires for the CTL (cut to length) market under its Forestar line.
After training more than 400 tire dealers in 2018, Titan International Inc. is expanding its sales training program in 2019 with both intermediate and advanced tire and wheel lessons.
Global Rubber Industries Pvt. Ltd. (GRI) has released more than 100 unique tire sizes since opening its specialty tire plant in Sri Lanka one year ago.
Goodyear Tire & Rubber Co. was the first tire manufacturer to offer an e-commerce option for consumer tires. It is now the first tire manufacturer to sell commercial tires online.