ATD’s TireBuyer launches new identity, enhanced site

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KIRKLAND, Wash. — TireBuyer.com, American Tire Distributor Inc.’s (ATD) online tire sales platform, has unveiled a new brand identity that it says features several improvements that will enhance the shopping experience for consumers.

The enhancements include a new product recommendation engine, easy search tools, proprietary fitments, seasonal updates and deals and enhanced mobile compatibility for shoppers in a hurry.

Read the source article at Tire Business

ATD reaches agreement with bond-holders, to reduce debt by up to $1.1 billion

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HUNTERSVILLE, N.C. — American Tire Distributors Inc. (ATD) has taken the second major step in the last six weeks to reduce costs, reaching an agreement in principle with holders of 70 percent of its bonds on terms of a recapitalization transaction.

Read the source article at Tire Business

Continental (CON) Given a €175.00 Price Target by Independent Research Analysts

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Continental (ETR:CON) received a €175.00 ($198.86) price objective from equities researchers at Independent Research in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. Independent Research’s target price would indicate a potential upside of 12.58% from the company’s previous close.

A number of other analysts have also commented on CON. Warburg Research set a €285.00 ($323.86) price objective on Continental and gave the stock a “buy” rating in a research report on Wednesday, April 25th. JPMorgan Chase & Co. set …

Read the source article at Zolmax

Natural rubber: Feeling the pressure

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It has been a tough year so far for natural rubber longs, with RSS3 futures in Singapore falling by almost 10% since the start of the year, and 22% year-on-year. Export intervention offered little help, whilst a weaker oil market recently has only added further pressure Global market set to remain well supplied According to […]

Read the source article at Global Rubber Markets 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

Unique Fabricating, Inc. Reports Second Quarter 2018 Financial Results

AUBURN HILLS, Mich.Aug. 9, 2018 /PRNewswire/ — Unique Fabricating, Inc. (“Unique” or the “Company”)(NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced its financial results for the second quarter ended July 1, 2018.

 

Read the source article at PR Newswire

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

Goodyear Tire & Rubber Co (GT) Holdings Increased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. raised its holdings in Goodyear Tire & Rubber Co (NASDAQ:GT) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,253,989 shares of the company’s stock after acquiring an additional 4,122 shares during the period. Levin Capital Strategies L.P. owned approximately 0.52% of Goodyear Tire & Rubber worth $33,331,000 at the end of the most recent reporting period.

Read the source article at American Banking News

Cooper suffers double-digit earnings decline

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Findlay, Ohio – Cooper Tire & Rubber Co. suffered double-digit drops in operating and net income for the quarter ended 31 March 31, reflecting lower unit volume and costs associated with reduced manufacturing, the company said.

Operating income dropped 54.4% to $26.5 million on 6.5-percent lower sales of $601.5 million, cutting the operating margin nearly five%age points to 4.4%. Net income fell 72.9% to $8.29 million.

Read the source article at European Rubber Journal

Barron’s: Goodyear stock have more upside than prices suggest

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Goodyear, (GT.O), trading at $27.01, 7.3 times earnings, is benefiting from car makers’ shift toward trucks, for which tires are more profitable, and its earnings per share (EPS) is expected to rise at mid-teen percentages the next two years, the paper noted.

 

Read the source article at reuters.com