Cooper to Announce 2005 Results
(Akron/Tire Review) Cooper Tire & Rubber Co. said it will realses its fourth quarter and full-year 2005 financial results before the stock markets open on Mar. 1.
Goodyear Announces Cost Savings Actions
Goodyear said its Q4 results fell short of expectations given a significantly weaker industry backdrop.
The Goodyear Tire & Rubber Company announced cost savings actions in response to a challenging industry environment and cost pressure driven by inflation. Planned rationalization and workforce reorganization would result in an approximately 5% reduction in salaried staff globally or about 500 positions, the company said.
“Our fourth quarter results fell short of our expectations given a significantly weaker industry backdrop, particularly in Europe,” said Richard J. Kramer, chairman, chief executive officer and president. “While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success.”
Hankook Tire Signs Multi-Year Partnership with Lamborghini
Hankook Tire will be the exclusive tire and technical partner for the 2023 Lamborghini Super Trofeo series.
Bridgestone Provides A/T, Winter Tires for Lamborghini Huracán Sterrato
Bridgestone said the tire is the world’s first-ever supercar all-terrain tire to feature run-flat technology.
Complete Tire Repair Packages Build Customer Trust
Tire dealers know that offering a complete lineup of tire services can keep customers from seeking repairs elsewhere and add to the bottom line.
Off-Road Racer Jim Horne Joins Team Hercules
As a member of Team Hercules, Jim Horne will represent the brand as ambassadors at competitions and dealer and consumer events.
Other Posts
Maxam Tire Adds Two Sizes to MS405 Series
The Maxam MS405’s new sizes fit for loaders and dump trucks provide the OTR industry with more options.
Firestone Airide Tennessee Plant Recognized for Safety
This is the facility’s fourth STAR award, reflecting the company’s and
teammates’ commitment to a safe and healthy work environment.
Atturo Tire Offers Trail Hazard Protection for SXS and UTV Tires
The new program covers hazards encountered by riders on- and off-road at no additional charge.
Top Shops: Opportunities & Challenges in Today’s Tire Industry
What is one thing that scares you and one thing that excites you about the tire industry?
