MILAN — Pirelli & C S.p.A. has disclosed its intention to reduce costs and contain investment under a 2020-22 industrial plan, to be presented in the first quarter next year.

HYOGO, Japan — Bridgestone Corp. and Toyo Tire Corp. have agreed to sell roughly half of the shares they hold in each other, a cross-holding that dates to a business and capital alliance the Japanese tire makers formed in 2008.

SEOUL, South Korea — Hankook Tire & Technology Ltd. reported a 3.2% drop in pre-tax operating income for the quarter ended Sept. 30 on 4.4% higher sales, citing "weakened consumer confidence caused by the global economic downturn" for "intensified tire market sales competition."

NEW YORK — Icahn Enterprises L.P.'s automotive sector — comprising Pep Boys and Auto Plus — fell deeper into the red on an operating and net basis for the three- and nine-month periods ended Sept. 30, compared with the 2018 performance.

MILAN, Italy — Pirelli & C. S.p.A. reported solid gains in pre-tax operating earnings (adjusted EBITDA) for the quarter and nine months ended Sept. 30, as improvements in the price/mix offset rising raw materials costs.

FINDLAY, Ohio — Cooper Tire & Rubber Co. posted double-digit drops in operating income for the three- and nine-month periods ended Sept. 30 due on part of the negative effects higher costs related to U.S. import duties on Chinese products and higher manufacturing costs.

ROCHESTER, N.Y. — Monro Inc. posted slightly lower operating income for the quarter ended Sept. 28 on higher sales, prompting management to lower the fiscal-year 2020 earnings outlook.

HANOVER, Germany — Continental A.G. reported a slight drop in Rubber Group profitability in the third quarter, while also issuing a downbeat forecast for growth prospects in the global automotive industry.

MUNICH — Recovered carbon black producer Pyrolyx A.G. is planning to delist its shares in Germany and consolidate all share trading onto the Australian Stock Exchange (ASX) by the end of March 2020.