Bridgestone sales up, operating income down in 2017
TOKYO — Despite 9.2-percent higher sales last year, Bridgestone Corp. suffered a 6.8-percent drop in fiscal 2017 operating income as higher raw materials costs offset positive gains in other areas.
RepairPal promotes Jill Trotta
SAN FRANCISCO — Auto service and repair search website RepairPal Inc. has promoted Jill Trotta to senior director of sales and industry advocacy.
Conti adding tread rubber capacity at Mt. Vernon tire plant
MOUNT VERNON, Ill. — Continental Tire the Americas is adding capacity for precured tread rubber at its tire plant in Mount Vernon, allowing it to cut delivery times to its ContiLifeCycle retread customers in the U.S.
Toyo dropping '& Rubber' from corporate name
HYOGO, Japan — Toyo Tire & Rubber Co. Ltd. is changing its name to Toyo Tire Corp. to reflect the company's increasing emphasis on "mobility" at its core field of business.
YTC backing new Mazda MX-5 racing series
SANTA ANA, Calif. — Yokohama Tire Corp. has agreed to become the exclusive provider of racing tires for a new road-racing series for Mazda MX-5 (Miata) roadsters.
Brembo adds carbon fiber-processing capacity at HQ factory
CURNO, Italy — Brake systems producer Brembo S.p.A. is adding capacity at its factory in Curno for processing carbon fiber materials to be used in brake pads and discs for competition applications.
SRI fiscal 2017: sales up 16%, operating income down 8%
KOBE, Japan — Sumitomo Rubber Industries Ltd. reported an 8-percent drop in operating income for fiscal 2017 despite 16-percent higher sales, as gains in pricing and volume/mix weren't enough to offset higher raw materials-related costs.
4 Wheel Parts opening stores in Ill., Pa. and Texas
COMPTON, Calif. — Off-road performance specialist 4 Wheel Parts is opening retail stores in Illinois, Pennsylvania and Texas this month, expanding its store network to 87 locations in the U.S. and Canada.
Sri Lankan president attends GRI gala
BADALGAMA, Sri Lanka — Sri Lankan President Maithripala Sirisena was among the special guests who attended the gala reception held to celebrate the opening of specialty tire manufacturer Global Rubber Industries Pvt. Ltd.'s pneumatic tire...
Toyo fiscal 2017 operating income down, sales up
HYOGO, Japan — Toyo Tire & Rubber Co. Ltd.'s fiscal 2017 operating income fell 8.1 percent from 2016 on 6.1-percent higher sales, as higher raw materials-related costs overshadowed gains in sales/mix and currency exchange rates.
OUR VIEW: New JV could be the start of things to come
AKRON — The announcement in early January that Michelin North America Inc. was taking a 50-percent stake in TBC Corp. and that the companies would be combining their wholesale businesses foreshadows what is likely to be continued structural ...
Atturo adds treadwear warranty for Trail Blade X/T
WAUKEGAN, Ill. — Atturo Tire Corp. is now backing its Atturo Trail Blade X/T tire with a 45,000-mile treadwear warranty, four years after it was launched as one of the first "multi-terrain" tires.
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