Cooper Tire & Rubber Co. and Sailun Vietnam Co. Ltd. recently celebrated production of the first tire at ACTR, their new joint venture facility located near Ho Chi Minh City, Vietnam.
Cooper Tire & Rubber Co. plans to increase ownership in its Mexico joint venture passenger and light truck tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58% to 100%.
Cooper Tire & Rubber Co.'s third-quarter 2019 results were comparatively down in net income, net sales, operating income and tire volume. The company's Americas Tire Operations and International Tire Operations both contributed to the year-over-year decreases.
Nearly one year after its creation, TireHub LLC is expanding into a new market: Ft. Myers, Fla.
Cooper Tire & Rubber Co. and Sailun Vietnam Co. Ltd. are forming a joint venture and plan to build a tire factory to produce truck and bus (TBR) tires in Vietnam.
Cooper Tire & Rubber Co. has a new partner for truck and bus radial (TBR) tire production in China. Sailun Jinyu Group Co. Ltd. is acquiring the 35% stake in Cooper Qingdao Tire Co. from Qingdao Yiyuan Investment Co. Ltd. (QYI)
Pirelli & Cie SpA is entering into a joint venture with the Hixih Group for ownership of a consumer tire manufacturing plant in China.
The formal transition of Goodyear Tire & Rubber Co.'s G3X program away from American Tire Distributors Inc. (ATD) will be on June 30, 2018. After that, ATD says it "will continue to provide Goodyear product for all other customers until a determined transition time."
TireHub LLC is a go. The joint venture for passenger and light truck tire distribution between Goodyear Tire & Rubber Co. and Bridgestone Americas Inc. will begin serving customers the first week of July.
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.
There are lots of lingering questions of what happens next after the creation of TireHub LLC by Bridgestone Americas Inc. and Goodyear Tire & Rubber Co. A conversation with Bridgestone’s TJ Higgins provided a few more answers.
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.