Financial News Archives - Tire Review Magazine
K&M Tire Dealer Benefits: Hankook Tire’s Boost Program

The perks of being a K&M Tire Mr. Tire and Big 3 Tire program dealer just keep on coming! K&M’s Hankook Tire Boost Program, a rewards program exclusive to Mr. Tire and Big 3 Tire program dealers, aims to maximize profitability by offering quarterly cash payouts that increase based on a dealer’s purchase volume with

Yokohama Sales, Earnings Up in Q1 2018

Yokohama sales revenue for tires increased overall, led by the company’s strong OE business in China and in other Asian markets outside Japan, though sales revenue declined in replacement tires.

Cooper Tire Execs to Present at High-Level Conferences

Financial executives with Cooper Tire & Rubber Company have been tapped to present at upcoming financial symposiums.

Analyst Say Hold Following Cooper’s CCT Deal

Market analysts at KeyBanc Capital Markets have issued a hold on Cooper Tire & Rubber Co. following its announcement that the company has reached a deal with CCT. The hold is based on several factors:•    The company is expected to post its second half financials in March, which Key “expect to fall below investor expectations.”•  

ATD Expounds on Deal to Purchase Hercules

ATD plans to purchase capital stock of Hercules for $310 million.

ATD to Buy Hercules

ATD has entered into an agreement and plan of merger with Hercules Tire.

Hankook 2013 Q4 Profit Up

In a regulatory filing submitted to the Korea Stock Exchange, Hankook Tire reports sales of KRW 1,708.5 billion (£953.8 million) for the fourth quarter of 2013, a year-on-year increase of 0.5%. Operating income, at KRW 254.8 billion (£142.2 million), was up 14.6% compared to the fourth quarter of 2012. Net profit from continuing operations (before

MHR Invests in Significant Chunk of Titan International

A private equity firm – MHR Fund Management – has purchased nearly 5% of Titan International stock and has options to boost its holdings to 10.9%, according to filings from the U.S. Securities and Exchange Commission show. MHR bought 2.6 million shares of the tiremaker’s stock Jan. 9 for roughly $39.5 million. In addition, the

Hankook Invests Millions in Indonesia Plant

Hankook Tire Co. plans to invest $357.24 million on expanding its Indonesian plant by the end of 2015, the South Korean tiremaker recently said in a regulatory filing. This expansion follows Hankook’s announcement last year that it will spend $800 million on building its first U.S. factory. The tiremaker unveiled that in October that its

Cooper Updates Status of Financial and Operational Data at Chinese Joint Venture

Cooper Tire & Rubber Co. issued the following statement regarding the status of financial and operational data entry at its Cooper Chengshan (Shandong) Tire (CCT) joint venture facility in Rongcheng, China: "Cooper has continued to work with the joint venture partner and labor union at CCT to restore normal operations as soon as possible. Last

With Workout Nearly Done, Analysts Sees Bright Kumho Future

Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire Co. makes the company good value for investors. In comments published by English-language Korean publication IT Times, analyst Kim Jin-woo said the tiremaker’s debt burden is falling rapidly, and he opines that this financial turnaround isn’t yet reflected in the current

Reviewing 2014 Tax Changes

With the start of a new year, it’s always a sure bet that there will be changes to the tax law, and 2014 is no exception. From health savings accounts to retirement contributions and standard deductions, here is a checklist of tax changes to help you plan the year ahead. Filing Season Delayed by 10