In a series of transactions, recently seated Titan International board member Mark Rachesky acquired another 490,775 shares in the tire and wheel maker.
The July 28-30 transactions give Rachesky direct control of an estimated 14% of Titan.
Rachesky, who was added to the Titan board just a few months ago, made the transactions directly as an individual and through his MHR Fund Management, MHR Institutional Partners III, MHR Institutional Advisors III and MHR Holdings investment businesses.
For this 2024 season, Kenda said it will focus on enhanced fan engagement and activation, while also forging B2B partnerships at each round.
Kenda Tires revealed its expanded driver roster for the 2024 Formula Drift (FD) Pro season. Kenda made its team debut in the 2023 season with the launch of its new tire - the Vezda UHP Max. The Kenda Team consisted of four drivers across the eight-round season of competition. For 2024, Kenda is expanding its team on its Podium2Pavement tour to eight drivers. Those drivers include:
Over a quarter (28%) of drivers opted to change the flat themselves, and 24% called roadside assistance.
Americas’ first quarter 2024 sales of $2.6 billion were down 9.7%.
The open house also featured a trade show, a buyers event and dinner for dealers part of the Turbo Wholesale Tires group.
With the add-on, shops can send Department of Transportation (DOT) identification and access tire specifications.
Bill Schafer brings 30 years of experience from Michelin, where he held various leadership roles during his tenure.
The Brawler range includes both press-on and mold-on tires for wheel loaders, skid steers, material handlers, excavators and telehandlers.
Seventy new parts have been added to the INA, LuK and Schaeffler Bearings.
GT Radial driver Simen Olsen of Norway claimed second place, while Aurimas “Odi” Bakchis of Lithuania finished third.
