The 2003 Global Tire Report Top 75 tire makers' ranking contained an error. Due to an error in calculating the Japanese yen to U.S. dollar exchange rate, Sumitomo Rubber Industries Ltd.'s tire sales were overstated by nearly $79 million, meaning Pirelli S.p.A. is ranked No. 5 based on fiscal 2002 tire sales of $2.69 billion vs. $2.64 billion for Sumitomo.
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Also in the Sept. 1 issue: the story on Grandtour Tire (page 10) incorrectly implied a relationship between TransPacific Tire & Wheel Inc. and GT Tire USA. The two companies are not linked. City of Industry, Calif.-based TransPacific took over North American rights to GT Radial and other associated brands from GT Tire early in 2003.