Connect with us

News

Apollo Denies Interest in Purchasing Kumho

The Economic Times has been reporting that Apollo Tyres is interested in acquiring Kumho Tire now that the deal with China’s Qingdao Tires has fallen apart. Apollo claims these reports are false.

Advertisement

The Economic Times has been reporting that Apollo Tyres is interested in acquiring Kumho Tire now that the deal with China’s Qingdao Tires has fallen apart. Apollo claims these reports are false.

Advertisement
Click Here to Read More
Advertisement

“Apollo Tyres strongly denies the story headlined ‘Apollo Back in Kumho Race as Geopolitics Sours China Deal’ that appeared in the print edition of ‘The Economic Times’ on Oct 2, 2017. The company would like to reiterate that it has no intention of making any attempts to enter the process of acquiring Kumho Tyres, as stated in the story,” said an Apollo spokesperson.

Several news agencies have reported that Kumho Tire may be rescued from bankruptcy thanks to credit deal put together by a consortium led by the state-owned Korea Development Bank.

Advertisement
Click to comment

POPULAR POSTS

goodyear-cooper-TR1400 goodyear-cooper-TR1400

News

Goodyear to Acquire Cooper Tire for Approx. $2.8B

Park-Tire-Top-Shop-Photo-father-and-sons Park-Tire-Top-Shop-Photo-father-and-sons

Proud to Be an Independent Tire Dealer

Tire Dealer Profile: Jim Stocking, Park Tire Company

Goodyear Tire Kramer Cooper Tire Hughes CEOs Goodyear Tire Kramer Cooper Tire Hughes CEOs

News

Goodyear CEO: Cooper Acquisition Means Better Dealer Service

WIX-school-of-the-year WIX-school-of-the-year

News

WIX Filters Names 2020 School of the Year

Connect