Cooper Tire & Rubber Co. will keep its tire manufacturing plants in the U.S. and Mexico closed for at least another two weeks. Cooper's plans in Europe also remain shut down.
Nexen Tire America Inc. says its tire distribution capabilities and dealer support functions remain fully operational during COVID-19 crisis.
In addition to small business loans available through the recently passed CARES Act, Congress has extended other benefits to businesses.
Goodyear Tire & Rubber Co. has extended its shutdown of tire manufacturing plants in the Americas "until further notice."
Giti Tire (USA) Ltd. will temporarily suspend production at its U.S. manufacturing facility for two weeks, beginning April 5.
The recently signed CARES (Coronavirus Aid, Relief and Economic Security) Act has established a new $349 billion Paycheck Protection Program (PPP) designed to provide relief to small businesses during the COVID-19 crisis.
Sri Lanka-based Global Rubber Industries (Pvt) Ltd. is continuing limited operations in its factory “with maximum health and safety precautions.”
Congress has now provided billions of dollars for small business loans and credits to help employers keep their employees on payroll during the COVID-19 crisis.
Continental AG has temporarily shut down more than 40% of its 249 production facilities around the world, and first quarter preliminary sales are down at least 10% compared to a year ago.
Five manufacturers that build medium truck tires in North America - Bridgestone Americas Inc., Continental Tire the Americas LLC, Goodyear Tire & Rubber Co., Michelin North America Inc. and Yokohama Tire Corp. – have announced temporary production suspensions due to the COVID-19 crisis.
It’s no surprise that tire dealers, like the entire country, are feeling the pain of the COVID-19 crisis. Modern Tire Dealer wanted to find out the extent and sent out a survey to retail tire dealers on March 26.
The Tire Industry Association has added a COVID-19 resources page to its website for use by TIA members and others.
The Independent Tire Dealers Group LLC (ITDG) has postponed its annual convention and trade show to April 21-25, 2021.
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