Patti Renner returns to Babcox Media as editor of Tire Review. Since leaving Babcox in 1997 (former editor of Underhood Service), she owned and operated a chain of specialty retail shops, worked with small businesses on their online marketing approach, and served as VP Marketing North America for a global marketing technology company.
AKRON—Tire manufacturing in North America is due for a sizable boost over the coming few months as Goodyear, Hankook Tire America Corp. and Giti Tire Group commission commercial-scale production at new factories in Mexico and the U.S.
Goodyear Tire & Rubber Co. has named Chris Delaney as president of Goodyear’s Europe, Middle East, and Africa business unit; Ryan Patterson as president of Goodyear’s Asia Pacific business unit; and Scott Rogers as the new North America consumer business.
AKRON—Despite relatively lackluster first-half financial performances, tire makers for the most part are optimistic about their second half and fiscal 2017 earnings prospects.
AKRON —Status quo reigned over the 2017 global tire rankings, even as the estimated value of the entire industry declined for a third straight year.
Goodyear Tire & Rubber Co. has opened its first office in the Silicon Valley to connect with automakers, suppliers, and mobility-related startups.
The company said its initial focuses for the new office are to optimize tires and service solutions for autonomous vehicles and ride sharing fleets; to utilize tire and vehicle data to plan for tire replacement and service; and to connect with leaders in the automotive industry.
AKRON — The world’s leading tire makers committed more than $7.3 billion in the past year toward new plants and capacity expansions, a measurable drop from record spending of $10 billion-plus in 2015-16 but still ahead of the annualized average for the past decade.
The investment sum was buoyed by nearly $3.3 billion in spending on acquisitions, deals that involved companies with collective annual sales of more than $2.5 billion — including Qingdao Doublestar Tire Co. Ltd.’s still-pending $830 million bid to buy what amounts to a controlling interest in South Korea’s Kumho Tire Co. Inc.
Aston Martin Lagonda has agreed a trade and investment deal between the United Kingdom and Japan worth up to £500 million over the next five years of its second century business plan. The investment program was announced by Dr Andy Palmer, Aston Martin president and chief executive officer, during his visit to Japan as part of the UK delegation accompanying British Prime Minister Theresa May.
KUALA LUMPUR: The region’s top traditional rubber producers – Thailand, Indonesia and Malaysia – believe the current low price of natural rubber (NR) does not reflect the economic fundamentals that affect it. ITRC member countries account for 65% of global natural rubber (NR) production and 72% of world NR exports. A statement issued by the…
The global automotive tire socks market is expected to grow at a CAGR of around 7% during the forecast period, according to Technavio’s latest report. The global automotive tire socks market is expected to grow at a CAGR of around 7% during the forecast period, according to Technavio’s latest report. This Smart News Release features multimedia.