Deadline Looms for Kumho Tire Sale
With a Friday deadline approaching, Kumho Tire may be headed to a court receivership as its labor union refuses to accept a deal from Qingdao Doublestar for a majority investment in the company.
Is Tire Bank Joining the Bid for Kumho Tire?
A South Korean company has expressed interested in buying the debt-ridden Kumho Tire Co. just days before its deadline to finalize a deal with a Chinese tiremaker.
Kumho Labor Union Continues to Resist Doublestar’s Buyout
As a Friday deadline is on the horizon to accept a reorganization plan, Kumho’s labor union continues to resist Doublestar’s acquisition.
Kumho Crugen HP91 Selected as OE for BMW X3 SUV
BMW has selected the Kumho Tire Crugen HP91 as OE fitment for the new BMW X3 SUV.
Doublestar Chief Visits Kumho Tire
The head of Chinese tiremaker Qingdao Doublestar, who recently acquired Kumho Tire Co., paid a visit to the South Korean company, calling the investment a “win-win” partnership and pushing for a deal with Kumho’s worker’s union.
Kumho CEO Ends Protests, Unions Urged to Accept Doublestar Deal
The sit-ins and walk-outs by unionized Kumho Tire workers have ended; however, the union group continues efforts to block the sale of the tiremaker to Chinese tiremaker Qingdao Doublestar.
Kumho Workers Go on Strike Amid DoubleStar Purchase
Kumho Tire workers are on strike after Chinese company Qingdao Doublestar Co. Ltd bought a majority stake in the company.
China’s Doublestar Takes Control of Kumho Tire
China’s Qingdao Doublestar Co. Ltd. has agreed to invest 646.3 billion won ($597.4 million USD) for a 45% stake in South Korea’s Kumho Tire Co. Inc, multiple news outlets reported at the beginning of March.
Kumho Introduces Two New Commercial Tires
Kumho Tire has introduced two new commercial trailer application tires to its North American market: the KLT12e and KRT12.
Kumho Tire’s Fate: End of March Deadline Set
Creditors for Kumho Tire have decided to postpone discussing the debt-ridden company’s fate until the end of the month
Kumho Tire Creditors Continue with Negotiations
The main creditor of Kumho Tire, Korea Development Bank (KDB), is again in negotiation with China’s Qingdao Doublestar, but additional variables in play may pose serious challenges to any new deals.
Former Nexen Exec to Head Kumho European Operations
Changrin Suk, former CEO of Nexen Tire America, has been named head of Kumho Tire’s European business.
