Advertising ROI: Image is Everything, But Profit Power is in Numbers
In many independent businesses, advertising gets a bad rap. When times are tough, it’s the first to go. When times are tremendous, it’s the last priority. Any business expense without an immediate, noticeable return won’t make the top of a tire dealer’s to-do list, especially when that list is miles long, crammed with the hundreds
Goodyear and Bridgestone: Western Manufacturers in India
(Staffordshire, U.K./Tyres & Accessories) Although the Indian tyre market is mainly characterised by its strong growth, it still is a market that is relatively self-sufficient.
Analysts Upgrade Cooper Shares
(Clacton, U.K./Tyres & Accessories) Some financial analyst reports have become increasingly optimistic regarding Cooper Tire’s intermediate term performance.
Update: Amtel-Vredestein in Talks With Continental
(Clacton, U.K./Tyres & Accessories) Only weeks after it emerged that Continental AG was discussing a possible purchase of Slovakian tyremaker Matador Rubber, reports have surfaced that Continental’s eastward movement could now include purchasing the majority stake of Amtel-Vredestein.
Continental Welcomes ‘Strategic Stake’
(Clacton, U.K./Tyres & Accessories) A little more than two months after ending takeover negotiations with an unnamed private equity company, Continental AG chief executive Manfred Wennemer has stated that he is not opposed to a strategic investor acquiring a stake in the company.
Apollo Q2 Sales Grow 21%
(Clacton, U.K./Tyres & Accessories) Apollo has published unaudited financial results showing second quarter sales of 7.67 billion rupees (≤90.5 million), up 21% year-on-year.
Developer Eyes Ex-Amcast Plants
(Clacton, U.K./Tyres & Accessories) In the U.S., property developer Bill Bean is close to acquiring the two Indiana factories closed last April by Amcast, putting 500 workers out of a job.
Amtel-Vredestein Won’t Buy Back Shares: Gurin
(Clacton, U.K./Tyres & Accessories) Amtel-Vredestein has rebuffed reports that suggested it plans to buy back its shares.
Shops in Crisis? The Tech Shortage
You’ve heard about it. You’ve read about it. Perhaps you’ve experienced it. It’s ‘The Tech Shortage,’ the most critical personnel issue facing businesses involved in automotive repair, including tire dealers. It’s a disaster waiting to happen. Or is it? Facts are facts. Perception is quite another thing. In this two-part series, we will define the
3% to 5% Conti Price Increase ‘Likely’
(Clacton, U.K./Tyres & Accessories) Continental AG is “likely” to raise its European tyre prices by 3-5 per cent in October in response to rising raw material costs, an unnamed source told Focus-Money magazine.