(Bloomberg) — American Tire Distributors Inc. is overhauling part of its business, cutting jobs and talking with sponsors about how to steady and grow the company after the makers of Goodyear and Bridgestone pulled most of their business. The company’s distressed bonds rose. The reorganization at American Tire’s field support center includes dismissing 100 employees, according to a person with knowledge of the matter.
BERWYN, Pa.- Trinseo (NYSE: TSE), the global materials company and manufacturer of plastics, latex binders, and synthetic rubber, today has published its 2018 Sustainability and Corporate Social Responsibility (CSR) Report , which showcases how Trinseo is meeting or exceeding the highest standards of safety and environmental performance, and developing innovative solutions that benefit our world.
GREENVILLE, S.C., July 26, 2018 /PRNewswire/ — BFGoodrich® Tires has partnered with the World Surf League to become the official tire of the Vans U.S. Open of Surfing July 28 through Aug. 5 in Huntington Beach, Calif. The event is the largest professional sports competition and action sports festival in the world.
As the official tire of the Vans U.S. Open of Surfing, BFGoodrich will bring surfing fans a chance to answer the brand’s big question: What are you building for?
FRANKFURT — Daimler blamed U.S.-China tariffs for a 30 percent drop in second-quarter profit and predicted a further decline as new emissions test standards in Europe hit sales. Earnings before interest and tax (EBIT) fell 30 percent to 2.64 billion euros ($3.1 billion) during the quarter, weakened by Chinese price-cutting on U.S.-made Mercedes models to offset import duties, the company said on Thursday. Revenue dipped 1 percent to 40.8 billion euros.
instagram.com/DrivesWGirls Pirelli and Italian audio company Ixoost have joined forces to create what is likely the most unoriginal car-themed accessory of all times: a wireless speaker that looks like a tire. Yes, you may have already seen the popular tire wall clocks and the tire center tables, but now there’s a speaker dubbed the Pirelli P Zero Sound to accompany all the tire-inspired home and office accessories that car and racing aficionados apparently can’t get enough of.
AKRON, Ohio, July 20, 2018 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its annual report on corporate responsibility performance. The report summarizes the company’s actions in 2017 in key focus areas.
“In 1898, Goodyear was founded on the values of quality, integrity and responsibility, and those same values continue to guide our decisions and actions today,” said Richard J. Kramer, chairman, chief executive officer and president. “We take our corporate responsibility seriously, working every day to the benefit of our customers, our associates and our communities, while minimizing our impact on the environment.”
ST. LAURENT, Quebec—Canadian cleantech company Ecolomondo Corp. is planning to set up a tire-recycling plant in Hawkesbury, Ontario, to showcase its thermal decomposition process technology.
The company has acquired a 13.4-acre plot land for the project with site work set to begin immediately. Hawkesbury is a town of about 10,000 inhabitants in eastern Ontario on the Ottawa River near the border with Quebec.
Construction work will start on the 50,000-sq.-ft. facility in autumn 2018 with completion scheduled for the second or third quarter of 2019, Ecolomondo said.
Detroit’s automakers are profitable, but they face a turbulent second half of 2018. After second-quarter earnings reports Wednesday from all three domestic car companies, analysts and auto executives outlined mounting challenges in international markets, especially China, and the looming threat of President Donald Trump’s proposed 25 percent increase in tariffs on imported cars and parts, which could inflate prices across the board.
The penetration of winter tires continues to gain ground in heavy commercial and light commercial vehicles – a trend that is complementing the steady demand from passenger cars segment.
According to Fact.MR study, nearly 220 million units were sold in 2017, with passenger cars accounting for over 50% of sales. A combination of macroeconomic and industry-specific factors is influencing demand for winter tires.
Farm tire sales continues to be weak due to the broader sluggishness in the farm equipment market, however, opportunities exist as global sales are likely to surpass 42 million in 2018. Demand is led by tractors and harvesters, with trailers and sprayers following suit. Sales continue to remain concentrated in the independent aftermarket channel, with OEM and OES complementing demand.