Pensler Apparently Out of the Running on Bryan Plant
(Akron/Tire Review) Sources tell Tire Review that Pensler Capital Corp. is likely out of the running to buy Continental Tire North America’s (CTNA) OTR tire plant in Bryan, Ohio.
ArvinMeritor Sells Light Vehicle Exhaust Business
(Akron/Tire Review) ArvinMeritor has sold its North American Light Vehicle Aftermarket exhaust business, with plants in Loudon, Tenn., and Moncton, New Brunswick, to International Muffler Co., headquartered in Schulenburg, Texas.
Cummins Exec Named Director of Cooper
(Akron/Tire Review) Steven Chapman, group vice president of emerging markets and businesses for Cummins Inc., has been named to Cooper Tire & Rubber Co.’s board of directors.
Michelin Sues Aeolus Over Infringement in Chinese Court
(Akron/Tire Review) China’s SinoCast and Beijing Modern Business Daily reported yesterday that Groupe Michelin has filed an infringement suit against Aeolus Tyre Co. Ltd. and its agent Best Choice International trade Co. Ltd. in Beijing Chaoyang Court.
Continental Releases 2005 Financial Results
(Akron/Tire Review) International automotive supplier Continental AG released its 2005 financial results, which showed an increase of 30.2% in operating income and a 9.8% increase in consolidated sales.
CITExpo Can Celebrate Successful Breakthrough
(Clacton, U.K./Tyres & Accessories) When the China International Tire Expo (CITExpo) opened its gates for the second time in 2004, it was already considered to be the potential Chinese tyre show of the future.
Denman Owner in Deal to Buy CTNA OTR Plant
(Akron/Tire Review) Reports indicate that Pensler Capital Corp., which owns Denman Tire Corp., has signed a letter of intent to purchase Continental Tire North America’s (CTNA) OTR tire plant in Bryan, Ohio.
Fast Learners: ‘Student’ Amtel-Vredestein Ready to Seize Growth Opportunities – Everywhere
Alexei Gurin is certainly putting his experience to work as CEO of Amtel-Vredestein NV and chairman of its management board. An engineer by training, Gurin earned his MBA from the University of Toronto, worked as an investment manager in Canada and other countries, was marketing director for Bennetton in Moscow, served as general director of
Titan Buyout Deal to Close Next Month
(Akron/Tire Review) The sale of Titan International Inc. to One Equity Partners, a private equity group of J.P. Morgan Chase & Co., should be completed by the end of February, according to Maurice Taylor Jr., Titan’s chairman and CEO.
HDAW Exhibit Space Sold Out
(Akron/Tire Review) Show organizers for the first-ever Heavy Duty Aftermarket Week (HDAW) have announced that exhibit space is sold out.