Kumho Tire Separates from Kumho Asiana Group - Tire Review Magazine

Kumho Tire Separates from Kumho Asiana Group

Kumho Tire has parted ways with its parent company, Kumho Asiana Group. The tiremaker filed for separation last month.

Kumho Tire has officially parted ways with Kumho Asiana Group as part of the corporate restructuring work being led by its creditors. According to reports in The Korean Herald, the tiremaker filed for separation from its parent company last month.

“Based on the Monopoly Regulation and Fair Trade Act, Kumho Tire has become a separate affiliate from Kumho Asiana Group,” the company said in local reports.

The goal of the separation is to minimize future uncertainty and get the global tiremaker back on track, especially after failing to sell the 42 percent controlling stake of Kumho Tire in 2017. Kumho Tire USA continues to show positive momentum despite the challenges at its South Korean-based global headquarters.

You May Also Like

Apollo Tyres Onkar Kanwar receives lifetime achievement award

All India Management Association’s Managing India Awards aim to recognize those who have made a difference, creating an edge above peers.

AIMA-Awards-Apollo-Tyres

Onkar Kanwar, chairman, Apollo Tyres has been given the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony. Shri Jagdeep Dhankhar, VP of India, presented the award to Kanwar in the presence of other dignitaries from various sectors.

Kanwar was recognized for his value-driven business strategy and his able leadership, Apollo said. Apollo Tyres, under his guidance, transformed itself from an Indian manufacturer of commercial vehicle tires to a global entity with a full-fledged product portfolio, spanning three continents. According to Apollo, Kanwar is highly regarded for his constant emphasis on bettering the lives of people—be it employees, customers, business partners, shareholders or any other stakeholder—and responsiveness to change and continuous learning.

Sun Auto Tire & Service acquires 33 Caliber Auto Care locations in Texas

The 33 Caliber Auto Care locations are spread across Dallas, Houston, and San Antonio.

Caliber-Auto-care-Sun-Auto
Goodturn Tire & Auto launches platform with 24 locations

Goodturn is a family of brands that provide automotive and tire repair and maintenance services, serving approximately 90k customers in 2023.

Hunter’s new Hunter University is designed to train customers, techs and instructors

The online courses are generally presented in five-minute segments.

PR-Training-Hunter-University-1400
Apollo Tires US recalls certain Vredestein, Quatrac tires

Dealers will replace the tires free of charge.

Recall

Other Posts

Discount Tire, Major League Soccer (MLS) announce multiyear partnership

Discount Tire has also struck a partnership to be the official tire retailer of Inter Miami CF and is collaborating with Continental Tire.

Discount-Tire-MLS-sponsorship
Net Driven acquires CarCareConnect

With this acquisition, CarCareConnect customers will gain access to Net Driven’s suite of digital storefront and digital marketing solutions.

Handshake agreement
Hankook Tire America recalls select Kinergy GT tires

Certain Kinergy GT tires, size 235/60R18H H436, are missing the missing the four-digit week and year code mark.

Recall
TRIB’s new website offers tailored services for members

One of the highlights of the redesigned website is the introduction of the retread environmental savings calculator.

TRIB-new-website