Hankook Tire Acquires Digital Prototype Company

"The acquisition is in line with the company’s strategy to secure new growth engines by aggressively acquiring companies with advanced technology and design capabilities," according to the report.

By Tire Review Staff
May 14, 2018

According to Business Korea, Hankook Tire has acquired a 75% share of Model Solution, a Korea-based advanced digital prototype solution company, for an estimated $62 million USD.

“The acquisition is in line with the company’s strategy to secure new growth engines by aggressively acquiring companies with advanced technology and design capabilities,” according to the report.

Model Solution specializes in design and manufacturing of prototypes and molds for new products across many product markets. The company, founded in 1993, began its work in prototype solution services in 2007 and currently has over 400 clients globally.

CTDA to Host Area Meetings for California Tire Dealers

The California Tire Dealers Association will hold meetings in Sacramento and Pleasanton for education and networking.

By Christian Hinton
September 25, 2023

The California Tire Dealers Association will hold area meetings in Sacramento and Pleasanton, California on Sept. 27 and 28, respectively. Featured speakers include representatives from TireTutor, who will demonstrate the new CTDA online tire marketplace, and Westpac Wealth Partners, who will provide a presentation covering tax strategies and succession planning for tire dealers. There will also be a legislative update, as well as an opportunity for dealers to ask questions and network with their peers. Meetings are free to attend for retailers and dinner is included.