ITDG Announces Record 2016 Financials
The Independent Tire Dealers Group (ITDG) announced a record year, with total purchases in 2016 exceeding $210 million.
Cooper Net Income Up YoY
Cooper Tire & Rubber Co. reported an increase of net incoming year-over-year in its 2016 end of year financial reports.
Goodyear Announces Growth Plan, Financial Targets
During an investor meeting last week, The Goodyear Tire & Rubber Co. discussed its financial performance targets and its capital allocation plan, sharing the company is targeting $3 billion in segment operating income in 2020. “The tire industry is healthy, growing and offers attractive opportunities to grow profitably,” said Richard J. Kramer, Goodyear chairman, CEO
Conti Income, Sales Up YoY
Continental AG posted higher net income and higher net sales for 2014 than it did in 2013. The company posted a net income of roughly 2.4 billion euros and net sales of 34.5 billion euros in 2014, compared to an income of 1.9 billion euros and sales of 33.3 billion euros in 2013. Net sales
Michelin’s Net Sales Down YoY
Groupe Michelin reported net sales down year over year for 2014, with sales for the year amounting to €19,553 million (approximately $22,128 million USD) compared with €20,247 million (approx. $22,913 million USD) in 2013. The tiremaker said the figure includes a €304 million negative currency effect and the €75 million negative effect of changes in
1H Sales Fall, Profits Up at Michelin
Groupe Michelin reported a year-over-year drop in sales for the first half of 2014, but still posted increased net profits. The tiremaker said its first half sales came in at $13.19 billion, down slightly from 2013’s $13.22 in sales. First half net profit rose to $836 million for the period, compared to $659.5 million. Michelin