Tire business news
Toyo Tire reports declining sales and profits
Despite losses in the third quarter of 2020, Toyo Tire Corp. stated that "the recovery started earlier than expected, although the situation is slightly different in different markets."
Nov 17, 2020
Bridgestone reorganizes its leadership structure
Bridgestone Corporation announced plans to implement a new leadership structure.
Nov 17, 2020
Yokohama has revised its annual financial forecast upward
Yokohama Rubber revised up its financial outlook for 2020 on the back of a "stronger-than-expected" recovery in third-quarter demand in some markets.
Nov 17, 2020
Bridgestone reports declining sales and profits
Bridgestone has revised upwardly its 2020 sales and operating profit forecast as the economy recovers after Covid-19 restrictions were lifted.
Nov 16, 2020
Nikolai Setzer will head Continental AG
From December 1, 2020, 49-year-old Nikolai Setzer will take over as CEO of Continental AG and Chairman of the Executive Board of the company.
Nov 16, 2020
Pirelli reports falling quarterly sales
Pirelli reported market improvements for the third quarter of 2020, but the Italian tire manufacturer's results remain below last year's levels due to the impact of the Covid-19 pandemic.
Nov 13, 2020
Maxam will increase its presence in the ultra-large industrial tire market
Maxam Tire North America plans to increase its investment in the extra-large industrial tire segment after it recently successfully introduced its first 63-inch tire, the MS453.
Nov 13, 2020
Continental presented financial forecast for 2020
Continental AG presented its forecast for fiscal 2020 - less than two months before the end of the year.
Nov 12, 2020
Hankook Tire's profit fell 21%
Hankook Tire & Technology, the seventh largest tire manufacturer in the world, said its net profit dropped 21% in the quarter year-over-year as a result of losses on the dollar against the South Korea.
Nov 03, 2020
Goodyear reports declining sales and profits for the third quarter
Goodyear's operating profit fell 44.5% in the third quarter of 2020 amid an 8.9% decline in sales, but the company emphasizes that the rate of decline has slowed significantly.
Nov 03, 2020