BREAKING NEWS: Rich to Leave Goodyear; Kramer Named President of North American Tire Unit
(Akron/Tire Review) Goodyear Tire & Rubber Co. today announced that Richard J. Kramer has been appointed president of the company’s North American Tire unit, effective immediately.
Hercules Offers Financial Outlook at Senior Management Meeting
(Akron/Tire Review) “One Company, One Strategy, One Team” was the overarching theme at Hercules Tire & Rubber Co.’s annual senior management meeting Feb. 21-22 in Detroit.
BREAKING NEWS: Union Ratifies Goodyear Master Contract
(Akron/Tire Review) Members of the United Steelworkers (USW) union today ratified a three-year master contract with Goodyear Tire & Rubber Co., officially ending the strike affecting 12 U.S. plants that began on Oct. 5.
BREAKING NEWS: Goodyear Announces Tentative Agreement with USW
(Akron/Tire Review) The Goodyear Tire & Rubber Co. today announced a tentative agreement with the United Steelworkers (USW) union.
Tyre Majors Show Interest in India Production
A number of global tyre majors are making their presence felt in India’s tyre market, a market valued by the Business Standard financial newspaper at Rs 190 billion (≤2.44 billion).
SRI to Make Sport Equipment IPO
(Clacton, U.K./Tyres & Accessories) Japanese corporation Sumitomo Rubber Industries will soon take its golf and tennis equipment business to the stock exchange, financial news sources have reported.
Cooper Investing $2M to Expand Tupelo Plant
Cooper Tire & Rubber Co. plans to invest nearly $2 million to expand its plant in Tupelo, Miss., according to media reports. The expansion news trails Cooper announcing its first half financial results. According to media reports, the expansion project will add 14,000 square feet to the southeast side of the facility to make room for new equipment. The
Sears Denies Reports of Closing Stores
Sears Holdings Corp. discredited Thursday’s report that said it will be closing more than 100 stores and auto centers, and cut nearly 5,500 jobs in the U.S. Seeking Alpha, a financial news and market tracker, cited liquidation notices and employee communication sent out last month that announced the closures of 31 Sears Auto Centers, 46
Hearsay and Innuendo About Tire Companies and Cabs
Curious that some folks took out their pens to offer that the reason they didn’t cover the Apollo-buying-Cooper rumor that captured the entire tire industry’s attention in October was because…it was a rumor.
Hankook Sponsoring UEFA Europa League
As part of the sponsorship agreement, Hankook will be an official sponsor of the UEFA Europa League from 2012 to 2015.