Bridgestone announces new president for Latin America Tire Operations

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Bridgestone Americas announced Joseph Saoud, former president for Bridgestone Americas Tire operations for truck bus radial and retread tires, has been named president, Bridgestone Americas Tire Operations Latin America (BATO LA). In this role, Saoud will oversee the Bridgestone tire business in Latin America, which includes subsidiaries in Argentina, Brazil, Chile, Colombia, Costa Rica and Mexico. He will report directly to Gordon Knapp, president and CEO, Bridgestone Americas.

Read the source article at Traction News

Ford’s New CEO Has a Cerebral Style—and to Many, It’s Baffling – WSJ

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Senior executives at Ford Motor Co. F 0.85% have come to expect emails from their new boss, Chief Executive Jim Hackett, that include links to TED Talks and articles from Science Daily. They often come around 11 p.m., when he catches up on his reading.

Read the source article at wsj.com

Bridgestone Americas Making Marketing Leadership Changes

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Bridgestone Americas is making some leadership changes within the marketing organization for the company’s consumer tire business and Bridgestone Retail Operations (BSRO). These changes follow the announcement that Phil Pacsi, vice president, sports and events marketing and training, will retire after 36 years with the company, effective Sept. 30.

Read the source article at Aftermarket News

US automakers’ lower profits, see pitfalls for 2018

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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.

Read the source article at Detroit Free Press

Sergio Marchionne, CEO Who Steered Fiat Chrysler, Dies Aged 66

Sergio Marchionne, the former chief executive officer of Fiat Chrysler and architect of the automaker’s dramatic turnaround, has died. He was 66.  

“Sergio Marchionne, man and friend, is gone,” Fiat Chairman John Elkann said in a statement. “My family and I will be forever grateful for what he has done,” said Elkann, who also is chairman and CEO of Exor.

Read the source article at Bloomberg.com

Bridgestone to invest $12 million in Illinois tire plant

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BLOOMINGTON, Ill. — Bridgestone Americas is investing $12 million to expand off-the-road tire production at its plant in Bloomington, adding multiple sizes and patterns for 29-, 33- and 35-inch OTR tires.

Read the source article at Rubber and Plastics News

Toyo Tire U.S.A. Corp. Strengthens Sales Dept. To Support Growing Business

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Toyo Tire U.S.A. Corp. (Toyo Tires) announced several changes within the sales department to support the company’s growing business and dealer network.

Joining the company as director of sales, national strategic accounts, is Rob Lovi. Lovi has 14 years of tire industry experience including in management at Michelin North America. He served the past 10 years as vice president of sales and marketing for Vector Fleet Management.

Read the source article at Aftermarket News

Doublestar completes agreement to buy 45% stake in Kumho Tire

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Doublestar Group announced that it has completed an agreement with South Korea’s Korea Development Bank (KDB) to acquire a 45% stake in Kumho Tire for RMB 3.9 billion ($500M). By this, Doublestar becomes Kumho Tire’s controlling shareholder, while KDB and other Kumho creditors will remain the second largest shareholder with a 23% stake.

Read the source article at Traction News

TIA Announces Nominees for 2018 Board of Directors Election

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(Bowie, MD) – The Tire Industry Association, a leader in tire safety, announces the nominees for the 2018 Board of Directors. Four individuals will be elected to serve on the TIA Board for a three-year term. The voting period will end on Saturday, September 1, 2018. The following is a list of the nominees for TIA’s Board of Directors:

Read the source article at TIRE INDUSTRY ASSOCIATION

Bridgestone publishes new Sustainability Report for 2017-2018

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Bridgestone today announced the release of the Sustainability Report 2017–2018 for Bridgestone Group. As the world’s largest tire and rubber company, this report reaffirms the Group’s corporate social responsibility (CSR) commitment, “Our Way to Serve,” which provides a framework for how Bridgestone does business, develops products and interacts with customers and the communities it serves.

Read the source article at Traction News