Huge Differences Even Among Affluent Consumers
(Marketing Daily) – Hard to believe, but back in 1977, if you made $40,000 a year, you were affluent. Of course, that was 35 years ago, when "Star Wars" episode IV led at the box office, "Laverne and Shirley" was a top TV show, and the gotta-have automotive technology was CB radio. Okay – maybe
Kumho Georgia Plant Plans Remain Solid
The Macon-Bibb County Industrial Authority claims Kumho Tire USA still plans to build a tire plant in the Georgia county. The tiremaker announced in January 2008 that it would build a $225 million tire plant on a 123-acre parcel in Bibb County, Ga. But a few months later, after the global economic collapse, Kumho pulled
Goodyear India Eying Radial Truck Launch
A market study into the viability of selling Goodyear’s truck and bus radial range in India has begun, reports the Hindu Business Line. The managing director of Goodyear India, Rajeev Anand, stated on Feb. 22 that, "We are putting our TBRs into the market on a pilot basis for testing. The market study will take
Indonesia Looks Hot to Hankook
Financial news sources reporting on the rising wage demands of China are suggesting that South Korean companies, including tiremaker Hankook, are gravitating towards Indonesia on the back of increasing stability in the country. Kang Chang-hwan, the company’s finance and management executive vice president in South Korea, told reporters, “We are now looking to get the
Apollo Reassurance Bumps Share Price
Following news of the lockout at Apollo’s Kerala, India, facility, shares in the company fell by around 6%. But management reassurances that the company would make up the production deficit elsewhere and 85% of the workforce wanted to return to work have pushed share prices to levels experienced prior to the lockout, according to financial
Ruia to Resign from Role with Group Companies
According to Indian media sources, Pawan K. Ruia has voiced the intention of stepping down as executive chairman of his group companies.
Rubber Estimates Suggest Price Decreases on Horizon
New figures published by the International Rubber Study Group of Singapore suggest that the rubber price rebound of 42% over the past four months is coming to an end.
There’s Always a Silver Lining
(Reuters) On a gritty corner in Tucson, Arizona, used tire store owner Andy Alexander says business is fine despite the economic downturn – and partly because of it.
Car Makers Back Schaeffer’s Conti Bid
This week Porsche and GM executives have added their names to the list of car makers calling for a swift conclusion to merger talks between Continental AG and takeover bidder Schaeffler Group.
Michelin Shares Fall Nearly 5% Due to Earnings Worries
Groupe Michelin shares fell 4.8% on July 28 following a published report that the tyremaker’s first-half earnings have failed to meet management targets.