Report: Bridgestone to Announce 26% Profit Fall at Year End
Bridgestone Corp is expected to announce a sharp fall in group operating profits as a result of rising rubber prices.
Continental Shares Plummet, Michelin’s drop
Shares in Continental AG have fallen by the most significant margin in seven years – 11 September 2001 – in Frankfurt, leading to the downgrading of the stock by Merrill Lynch.
Conti Private Equity Acquisition Unlikely, Say DB Analysts
Shares in Continental AG have apparently declined again after rising by more than 7% on June 25, the result, say traders, of renewed market talk of interest in a private equity bid.
Conti On Track to Appoint New CFO by Autumn
A replacement for outgoing Continental AG CFO Alan Hippe is still expected to be appointed by autumn.
CTNA ‘Going Well’ Says Hippe
According to comments made by Continental AG CFO Dr. Alan Hippe, the company appears satisfied with the performance of its Continental Tire North America unit during the first financial quarter.
Conti May Eliminate 2,000 VDO Jobs
It appears as if Continental plans to reduce the workforce at its VDO automotive electronic unit by 2,000 jobs.
Large TiWheel Share Trade Under Scrutiny
(Staffordshire, U.K./Tyres & Accessories) South Africa’s JSE stock exchange confirmed on July 24 that it was looking into an unusually large trade of Tiger Wheel and Tyre stock in May, and would make a report on the matter to the nation’s Financial Services Board.
Hedge Fund Buys into Cooper
(Clacton, U.K./Tyres & Accessories) On 18 September, Trafelet & Co. disclosed that it now holds 5.756 million shares in Cooper Tire & Rubber Co. – a 9.4 per cent stake.
Industry Report
Gone In Name Only‘New’ BFAH Gets $1.3 Billion Infusion
Bridging the past and present: Totten Tire may be Birch Run’s best kept secret in tires
The single-location shop has always been able to draw the business it needs to keep busy, keep customers happy, and keep true to its roots.
