Apollo’s Response to Cooper Withdrawl
Apollo Tyres is disappointed in Cooper’s termination of the merger agreement.
World Tire Report Taking a Holiday Break
Due to the upcoming New Year holiday, there will be no World Tire Report e-newsletter or any news updates – unless there is urgent breaking news – to Tire Review’s website Tuesday through Thursday. We will resume publication of WTR and news updates at tirereview.com on Jan. 3. We will be tracking the latest on
Nokian Tyres Owes Back Taxes in Finland
Nokian Tyres has received a reassessment decision from the Finland tax administration, stating the tiremaker is obligated to pay 26.9 million euros in back taxes. Nokian plans on disputing the reassessment. Nokian owes the government 16 million euros in additional taxes and 10.9 million in punitive tax increases and interests for the 2007 tax year.
Fire Destroys a West Virginia Tire Store
A fire destroyed a tire store in Summersville, W.Va., early Saturday morning. Emergency dispatchers said fire crews responded to a call at C. Adam Toney Discount Tires on Broad Street in Summersville just after 4:30 a.m. Fire crews from throughout Nicholas County, W. Va., were called to the scene and were there for several hours.
Apollo-Cooper Update: Cooper Terminates Agreement With Apollo
An updated version of the story can be read here. Cooper Tire & Rubber Co. announced early this morning that it has decided to terminate its merger agreement with Apollo Tyres. "It is time to move our business forward," said Roy Armes, Cooper CEO and president, in a statement released by the tiremaker. “While the
Police Recover Stolen Tires
Police in Pennsylvania have recovered half of the commercial and passenger truck tires stolen from Maple City Tire in Somerset two weeks ago. Two men were apprehended after they tried to sell several tires at an unreasonably low price. The men are now being charged with criminal trespass, receiving stolen property and criminal mischief. An
Yokohama Supports Philippines Typhoon Victims
The Yokohama Rubber Co. and its overseas group of companies donated 13.1 million yen to the Red Cross to support the organization’s efforts to aid Philippines typhoon victims. YRC donated roughly 5 million yen to the Red Cross in Japan, while eight group subsidiaries including that in the U.S. donated 3.6 million yen. Additionally three
Georgia Man Allegedly Beaten After Refusing to Fix Motorcycle
A BT Tires employee was beaten up after he refused to fix one man’s motorcycle, according to Columbus, Ga., police reports. The employee told police he was approached by the turned down customer around 1:30 a.m. at his home when the man started to fight him. Allegedly five other men joined the suspect, who’s only
Bandag Facility in Kentucky Undergoing Renovations
The Premier Bandag retreading facility in Morehead, Ky., is undergoing a major renovation and expansion. The location, owned by S&S Tire, is adding roughly 6,000 square feet. The addition will feature a wheel refurbishing area, as well as two new truck bays to help improve shipping and receiving capabilities. The renovation is expected to create
PanAridus Joins Cooper in Guayule Research
PanAridus will join Cooper Tire & Rubber Co. and its consortium partners on the $6.9 million Biomass Research and Development Initiative (BRDI) grant toward development of guayule plant-based polymers for use in tire manufacturing. The BRDI is a joint effort between the U.S. Department of Energy, and the U.S. Department of Agriculture to promote the
Goodyear Releases Aviation Tire Calendar
Goodyear offers its 20th edition of the Goodyear Aviation Tire Calendar.
Virginia Executive Honored with 2013 CEO Award of Excellence
VAA executive director awarded with honor for professionalism.