Yokohama OTR Tire Prices to Increase in January
(Akron/Tire Review) Yokohama Tire Corp. will increase prices on its OTR tires by 3% to 5% on Jan. 1.
Kumho Announces Price Increases
(Akron/Tire Review) Kumho Tire USA Inc. announced that it will raise passenger, light truck and commercial tire prices up to 7%, depending on tire model.
Taiwan Tyremaker Boosts China Operations
(Clacton, U.K./Tyres & Accessories) Taiwan’s leading tyre manufacturer, Cheng Shin Rubber Industrial Co, has announced plans to invest US$120 million in China during 2007.
Sapphire Increases Tyre Disposal Charges
(Clacton, U.K./Tyres & Accessories) Sapphire Energy Recovery has announced an increase in tyre disposal charges, effective from 1 February 2007.
Michelin to Extend Use of TMPS
(Clacton, U.K./Tyres & Accessories) Oxfordshire-based Transense Technologies PLC has announced that it has entered into an agreement with Honeywell International Inc. to extend the use of Transense’s Tyre Pressure Monitoring System (TMPS).
Alcar UK to Make Eighth Appearance at Aftermarket Show
(Clacton, U.K./Tyres & Accessories) In January 2007, Alcar UK, a respected distributor of wheels and tyres, will appear at the Aftermarket Show for the eighth year running.
Bridgestone Australia Says G’day to Proposed Buyback
(Clacton, U.K./Tyres & Accessories) After more than half a century as a publicly listed company, Bridgestone Australia Ltd looks set to privatise its operations.
Investor: Conti Takeover Project Dead
(Clacton, U.K./Tyres & Accessories) An investor involved in takeover negotiations with Continental earlier this year (Philipp Schoeller of General Capital Group) has denied he has any interest in pursuing the plans again.
Hayes Lemmerz Reports Loss, Continues Restructuring
(Clacton, U.K./Tyres & Accessories) Wheel and automotive parts manufacturer Hayes Lemmerz International Inc. has reported a third quarter loss of US$59.6 million, up from US$13.3 million a year earlier.
Bridgestone Announces Latin American Management Changes
(Akron/Tire Review) Bridgestone Americas Holding Inc. (BAH) announced that Jorge Gonzalez, president of Bridgestone/Firestone Latin American Tire Operations, BAH executive vice president and member of the board of directors, will retire Dec. 31 and be succeeded by Eduardo Minardi, currently president of Bridgestone/Firestone Mexico, S.A de C.V.
Titan to Offer $200 Million of Senior Unsecured Notes
(Akron/Tire Review) Titan International Inc. announced that it will offer $200 million aggregate principal amount of five-year senior unsecured notes, subject to market and other customary conditions.
Baltimore Dealer is CABA Person of the Year
(Akron/Tire Review) Ralph Schissler, owner of Atlantic Tire in Baltimore, was named 2006 Person of the Year by the Chesapeake Automotive Business Association.