State of the Industry: Inflationary pressures and consumer trends affecting M&A
We put the global dynamics that will determine the look of the tire industry in 2024 under a microscope.
Vontier sells The Coats Company to Victor Capital Partners
The sale was made for $72.5 million, and The Coats Company is projected to report 2023 revenue of approximately $110 million
Flat demand, rising costs cloud commercial tire dealer outlook in 2024
Some are calling 2024 a “correction year” after the commercial tire market faced a slew of complications the past few years.
Tire Discounters details growth spurt over the last two years
Tire Discounters added 41 stores over the past couple years with 16 acquisitions, expanding its brand portfolio across five states.
State of the Industry: How the aftermarket supply chain is affecting tires
As we begin 2024, the aftermarket pendulum has stabilized as the industry has adjusted to the uncertainties of the pandemic and supply chain challenges.
Michelin to Cease Oklahoma Tire Plant Production by 2025
The site has produced passenger tires since 1970. The gradual wind-down will affect 1,400 employees.
What’s the Difference Between All-Weather and All-Season Tires? Drivers Don’t Know
Only three in 10 drivers can correctly name the key benefit of all-weather tires over all-season.
Susanna Tusa to Lead Nokian’s Tire Factory Project in Romania
The Romania factory will become part of the global Nokian Tyres manufacturing network together with the factories in the US and Finland.
Bridgestone Breaks Ground on Tire Plant Expansion
The plant expansion will incorporate technology to integrate tire-mounted sensors that support data-driven insights for fleet management.
TIA to Continue Lobbying for Support Above IIJA Levels Despite Debt Limit Agreement Caps
TIA said it will continue to lobby in support of funding above IIJA levels to deal with the backlog in bridge and highway investments.
