Japanese tyre and rubber manufacturer Yokohama is planning to invest into and even buy Prometeon, the new name for the former Pirelli commercial and industrial tyre manufacturing operation, according to a range of sources. Tyres & Accessories first heard this news in July and then the Italian financial press subsequently suggested that Prometeon’s shareholders were considering restructuring Prometeon’s ownership. Yokohama is understood to be leading the suitors.
Yokohama Tire’s annual fall rebate promotion is on. From now through Oct. 31, consumers can earn up to $70 in the form of a Yokohama Visa Prepaid card or a Visa Virtual Account after purchasing a set of four select Yokohama tires.
The Yokohama Rubber Co., Ltd. posted a 90.4% decline in operating profit (1.2 billion yen, or about $11 million; down from 2019’s 12.878 billion yen, or about $120 million) in the first quarter of 2020.
The company also posted a 258 million yen (about $2.4 million) loss in Q1, compared with 9.1 billion yen (about $85 million) in profit in the same period of the previous year.
Yokohama Tire is rolling into summer with a special rebate promotion. From now through July 5, consumers can earn up to $70 in the form of a Yokohama Visa Prepaid card or a Visa Virtual Account after purchasing a set of four select Yokohama tires.
Langley, BC (March 16, 2020) Yokohama Tire (Canada) Inc. is making it more attractive to drive into Spring, with rebates of up to $70 on a set of four performance, all-season or light truck tires.
“We want to reward Canadians for making the switch to winter tires by welcoming them to Spring with rebates on our ADVAN, AVID AND GEOLANDAR lines, as well as the PARADA SPEC-X,” said Diana Colosimo, Brand Development Manager for Yokohama Tire (Canada) Inc. “Once the temperature is consistently up above 7 Celsius, it’s time to put away the winter skis, coats and tires and start enjoying the benefits of all-season tires. Switching to all-season tires provides extended tire wear, a serene ride and improved fuel economy, and we’re making it more attractive to choose Yokohama for warm-weather driving with the 2020 Yokohama Spring Rebate.”
Topping the list of incentives is a chance for buyers to win back the purchase price of their new tires in addition to their rebate claim of $70 (for a set of four tires). Customers are asked to claim their Yokohama VISA prepaid cards at yokohamarebate.ca and will then be automatically entered into the contest to win the purchase price of their set (up to $850).
Now through May 31, 2020, customers can receive $70 rebates on high-performance tires (ADVAN APEX, ADVAN SPORT A/S+, ADVAN FLEVA, ADVAN NEOVA AD08R, ADVAN SPORT V105, ADVAN SPORT V105 ZPS), all-season tires (AVID ASCEND GT, AVID ASCEND LX, AVID ASCEND, PARADA SPEC-X) and light-truck tires (GEOLANDAR G055, GEOLANDAR H/T G056, GEOLANDAR X-CV, GEOLANDAR A/T G015, GEOLANDAR X-AT, GEOLANDAR M/T G003, GEOLANDAR X-MT G005).
As well, buyers will be eligible for a $50 rebate on a set of four AVID TOURING S all-season touring tires.
For more information on the Yokohama Consumer Rebate program, visit yokohamarebate.ca.
About Yokohama Tire (Canada) Inc.
Yokohama Tire (Canada) Inc. markets and distributes a full line of tires for high performance, passenger car, light truck, and commercial truck applications, as well as off-the-road tires for mining, forestry and construction applications. It maintains distribution centers across Canada to serve more than 1,000 independent tire dealers and well over 3,000 retail locations. yokohama.ca/.
In order to cater for the growing popularity of SUVs and the myriad of new models being released by vehicle manufacturers, Yokohama’s 4×4 tyre range has been developed to cater for the full spectrum of SUVs, crossovers and off-road vehicles, delivering driver response, no matter what the conditions are.
Tokyo – The Yokohama Rubber Co. (YRC) has reported higher sales and operating profit for the year 2019, helped by its ATG heavy tires unit and its non-tire business.
Sales edged up slightly over the year, to Yen650.5 billion (€5.4 billion), while operating profit increased 9.5%, to Yen58.6 billion, Yokohama reported 14 Feb.
The Tokyo-based company linked the strong growth in operating profit to a first-quarter gain on the sale of fixed assets.
LONDON—Yokohama and Aeolus reportedly are in an advanced stage of talks regarding a deal that would see Prometeon Tire Group split between the two companies.
CHICAGO — The Chicago Athenaeum Museum of Architecture and Design has selected products from Cooper Tire & Rubber Co., Federal Corp., Kumho Tire Co. Inc. and Yokohama Rubber Co. Ltd. for “Good Design” awards for design excellence.
LONDON — International tire makers Pirelli & C. S.p.A. and Yokohama Rubber Co. Ltd. have earned an “A” rating on an international organization’s ranking of companies active in fighting climate change