Congratulations to Enns Tire, Winner of Schrader’s June Social Media Contest

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Winter tire changeover in Canada is known as the busy season for most tire repair shops. During the entire month of June, Schrader offered a half day TPMS training session and TPMS starter kit to one lucky tire shop located in Canada. Shops entered this contest by completing a short survey with information regarding their daily TPMS operations and the winner was selected based on their current need for valuable training.

Read the source article at Tire Review

Goodyear Tire & Rubber Co. (GT) Ceo Rich Kramer on Q2 2018 Results – Earnings Call Transcript

AKRON, Ohio, July 27, 2018 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2018.

“We delivered strong operating performance in the quarter highlighted by impressive volume growth in our mature markets where we regained share, particularly in the more profitable 17 inch and greater rim sizes in the U.S. and Europe,” said Richard J. Kramer, chairman, chief executive officer and president. “Additionally, we achieved our price/mix and net cost savings goals for the quarter.”

Read the source article at Stock Market Insights

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

American Tire in Talks With Sponsors as Support Unit Revamps –

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(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.

Read the source article at BNN Bloomberg

ATD to restructure, reduce workforce, appoint new positions

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HUNTERSVILLE, N.C. — American Tire Distributors Inc. (ATD) is restructuring its Field Support Center (FSC) in Huntersville, reducing its workforce there while adding new positions to bolster business for its Tire Pros marketing group subsidiary.

All of the employees affected by the layoffs work out of the FSC, which includes supporting roles for the Tire Pros franchises, as well as other ATD departments. It is unclear how many positions were eliminated, or how soon the layoffs would take effect.

“This decision was not taken lightly but necessary not only to align our capabilities with our strategy, but also to ensure the company will continue to serve its customers well into the future,” a spokesman for ATD said. “…ATD will continue to deliver results for manufacturer partners, customers and Tire Pros franchisees.”

Read the source article at Tire Business

Hankook acquiring Germany distributor Reifen-Mueller

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Seoul – Hankook Tire is buying 100% shares of German independent tire distributor Reifen-Mueller in a bid to strengthen its global distribution system.

The South Korean company announced 4 July that the acquisition will include Reifen-Mueller’s sales distribution affiliate company, ‘Reifen-Mueller KG’, as well its retreading business ‘Reifen-Mueller GmbH & Co. Runderneuerungswerk KG’.

The transaction amount was not disclosed.

Read the source article at European Rubber Journal

CANADA: ‘Significant headwinds’ as sales slip 4 straight months

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Canadian new vehicles sales fell for the fourth consecutive month in June, down 1.6 percent compared to last year, but the head of the Global Automakers of Canada said sales remain strong in the face of economic uncertainty. Automakers sold 200,156 new vehicles, according to the Global Automakers of Canada. Sales through the first half of the year now stand at 1,036,678 units, down 0.2 percent from 2017, which ended up being a record year.

Read the source article at Front Page

Trade groups mostly oppose Trump’s tariffs on Chinese goods

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WASHINGTON — Industry and retail trade groups for the most part are opposed to the Trump administration’s decision to impose import tariffs ranging up to 25 percent on as much as $250 billion in goods imported from China.

Read the source article at Tire Business

Shortages, price rises to follow tariffs on Chinese TBRs

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Cologne, Germany – Europe’s TBR market is likely to see shortages and price rises into early next year in response to the EU ‘s recent imposition of provisional tariffs on Chinese tires, according to Stephan Helm, chairman of German tire retail trades association the BRV.

“With the anti-dumping tariff situation that we have right now, a lot of the orders in the last quarter have stopped,” Help said at the Future Tire Conference, held 30-31…

Read the source article at European Rubber Journal

Giti focuses on ‘working with distributors’

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Giti Tire (USA) Ltd. continues to reap the benefits of its new plant and relocated technical center in Chester County, S.C.

Read the source article at Tire Business