Cooper Sales Down YoY
Cooper Tire & Rubber Co. has reported a decrease in net sales for the first half of 2016 compared to 2015. The tiremaker posted $1.39 billion in net sales for the first half of 2016, verses a net sales of $1.41 billion in 2015. Despite a lower net sales, Cooper has reported a higher gross
Michelin Down YoY for 2016 First Half
Groupe Michelin’s net sales are down year over year (YoY) according to its recent first half financial reports. The tiremaker reported net sales of €10.29 billion for 2016 verses €10.49 billion in 2015. There are a variety of things that have impacted this number, according to Michelin. This includes the 2.1% negative impact of price-mix,
Goodyear Reports First Half 2016 Results
The Goodyear Tire & Rubber Co. reported $7.6 billion in sales for the first half of 2016, an 8% decrease from 2015’s first half reflecting the “unfavorable foreign currency translation” and the deconsolidation of Venezuala, the tiremaker claims. The tiremaker reported similar currency issues in its 2015 first half results. Tire unit volumes were up
