Cooper Tire Breaks Ground on Mississippi Distribution Center

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Cooper Tire & Rubber Co. recently broke ground on its distribution center in a business park that straddles the Tennessee-Mississippi border, according to The South Reporter.

At the groundbreaking, Mississippi Gov. Phil Bryant joined Cooper’s Bob Sager, the company’s director of North American supply chain, as well as other development officials in excitement about Cooper’s investment in the state.

Read the source article at Tire Review

Linglong revenue up 32% in 2017 to $2B-plus

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YANTAI, China — Linglong Group Co. Ltd.’s revenue jumped by nearly one-third this past year over 2016, according to a recent filing on the Shanghai Stock Exchange.

Read the source article at Tire Business

Goodyear suffers double-digit earnings drops, Q4 net loss

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Akron, Ohio — Goodyear suffered double-digit drops in segment operating income for the quarter and fiscal year ended 31 Dec and reported a tax-reform-related net loss for the quarter.

Goodyear cited elevated raw materials costs and the “unfavourable” impact of reduced production volumes on costs for the operating earnings declines, and said the fourth quarter loss was driven by a $299 million (€244 million) one-time, non-cash tax charge related to US tax reform.

Read the source article at European Rubber Journal

Hankook eyes continued sales growth, profits rebound in 2018

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SEOUL, South Korea—Hankook’s management expects profits to rebound in 2018 as the company focuses on increasing its sales of higher value-added products and diversifying its OE portfolio.

Read the source article at Rubber and Plastics News

Only one thing stops me buying Avon Rubber

All Avon Rubber (AVON) needs to do is not mess up, to prosper. It should make a good long-term investment. Perennially on my watchlist, I’ve decided to add Avon Rubber to the Decision Engine.

Read the source article at interactive investor

Toyo Tires Announces Organizational Restructure, Personnel Changes

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Toyo Tire & Rubber Co. has announced changes to its organizational structure, assignments for corporate officers and personnel changes, taking effect the start of February.

Toyo’s President and CEO Takashi Shimizu said in a press release that the company changed its organizational structure to better align with its operational functions and reinforce management in each of the company’s divisions: R&D, sales, production and other corporate functions.

Read the source article at Aftermarket News

Dealers hopeful despite weak farm market

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The farm tire market has been bleak for the past few years, and although tire dealers are hopeful, this year may bring more of the same.

Read the source article at Tire Business

Continental : Schaeffler has e-mobility orders worth $1.25 billion – Automobilwoche

FRANKFURT (Reuters) – German automotive supplier Schaeffler (>> Schaeffler) has bagged orders worth at least 1 billion euros (885.17 million pounds) in sales in the area of electric mobility, one of the group’s board members has told a weekly paper.

Schaeffler, the largest shareholder of tyre and auto parts group Continental (>> Continental), earlier this year set up a unit for electric mobility, as most major carmakers are revamping their business towards battery-powered vehicles.

Read the source article at Stock Market Quotes and News

Global automotive rubber seal market to cross $14.5 billion by 2022: Report

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The global automotive rubber seal market is expected to cross $ 14.5 billion by 2022, says a TechSci Research report. The driving factors include rising demand for rubber seals from OEMs, growing rubber seal sales in the replacement market across the globe, and increasing penetration of passenger cars in developing countries.

Read the source article at Rubber Asia

The Art of Turning Complaints into New Customers

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The auto industry is hyper-competitive. Consumers have countless choices for buying and servicing their vehicles; from competing franchise dealerships to independent service centers. It is thus important to do the best to not only keep your customers happy, but also to continuously improve the customer experience to earn loyalty, referral business through word-of-mouth and online reviews, and to increase retention.

Read the source article at DealerELITE.net