Brembo said it paid $58 million for the business, which produces and sells brake rotors and drums for the North American passenger car and light truck markets.
The division employs approximately 250 people, and had 2006 sales of some $120 million.
Americas’ first quarter 2024 sales of $2.6 billion were down 9.7%.
The Goodyear Tire & Rubber Company said its first quarter 2024 sales were $4.5 billion, with tire unit volumes totaling $40.4 million. For the first quarter, Goodyear's net loss was $57 million compared to a Goodyear net loss of $101 million a year ago. Leadership said the year-over-year improvement was driven by increases in segment operating income. The 2024 period also included items like, on a pre-tax basis, Goodyear Forward costs of $28 million and rationalization charges of $22 million, compared with pre-tax rationalization charges of $32 million in 2023. Goodyear said Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.
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.
Gain insights into how Cosmo Tires plans to expand its footprint and its engagement with consumers and partners.
The Brawler range includes both press-on and mold-on tires for wheel loaders, skid steers, material handlers, excavators and telehandlers.
As head of aftermarket distribution at ContiTech Industrial Solutions Americas, Ganda embodies servant leadership, prioritizing team success and customer-centricity.
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.
