Toyo’s Celsius Plans to One-up All-Season Tires
Toyo Tire USA Corp. is rolling out a new tire that’s not quite an all-season tire, but not quite a winter tire; the Toyo Celsius is what Toyo is calling a “variable-conditions” tire. Built to perform in ice and snow and have traction in all-season conditions, the Celsius is the unusual hybrid between your typical
Toyo Reshuffles Teams
Toyo Tire & Rubber Co. has made several personnel, officer and organizational changes, the tiremaker said. Many of the announced changes came in the company’s seismic isolation rubber division. These changes come following a controversy where the company installed defective earthquake shock absorbers in dozens of buildings in Japan. Personnel changes directly affecting the North
More Toyo Execs Fall as Absorber Controversy Continues
As Tire Review first reported last week, top executives at Toyo Tire & Rubber Co. will resign their posts in the aftermath of a controversy where the company installed defective earthquake shock absorbers in dozens of buildings in Japan, including schools and hospitals. Today we learned that several other executives and are also being pushed
Toyo Launching Red Sox Sweepstakes
Toyo Tire USA Corp. is offering two people the chance to win a trip to Fenway Park to see the Red Sox play against the Detroit Tigers on July 25. Fans can enter the sweepstakes through redsox.com/toyotires until June 7. The winner will receive a prize package that includes two Green Monster seats and one
Toyo Sponsoring MLB Team
Toyo Tire USA Corp. is the official tire of the Boston Red Sox. The tiremaker has signed a multi-year agreement with the Boston Red Sox baseball club, which includes Toyo signage in Fenway Park. Toyo will also promote its official tire designation through marketing efforts, including in dealerships and advertising in the New England
Toyo, Tough Mudder Team Up
Toyo Tire USA Corp. has partnered with a group of team-oriented obstacle course races. The tiremaker will become the official tire of the Tough Mudder family of events. In addition, participants in these race will face special Toyo-branded obstacles. “We are thrilled to welcome the Tough Mudder family of events and their participants to Team
Toyo to Replace Substandard Rubber Bearings
Toyo Tire & Rubber Co. agreed to pay for the replacement of rubber bearings that failed to meet Japanese earthquake standards in 55 buildings, including hospitals, apartments, police and fire stations, according to Bloomberg. On March 16, Tire Review reported that Toyo’s stock fell after the company disclosed that its building material rubber product failed
Toyo Stock Hit Hard; Rubber Building Material Failed to Meet Standards
Toyo Tire & Rubber Co.’s stock fell after the company disclosed that its building material rubber product failed to meet certification for protecting against earthquakes, according to Bloomberg. Toyo stated that the rubber-laminated bearings it sold as being certified by the Ministry of Land, Infrastructure and Transport failed to meet the regulator’s criteria. The tiremaker
Toyo Names Director of OE Sales
John Ferguson has been promoted director of sales of Toyo Tire North America’s OE Sales division. Ferguson has worked with Toyo’s North American OE division since June 2012. “John brings a solid track record to this position, and has been a valuable asset to our organization as we grow our business with domestic OE vehicle
Toyo Recalls More Than 100 Light Truck Tires
Toyo Tire USA Corp. announced a safety recall campaign on approximately 138 of the company’s light truck tires. The recall campaign covers Toyo’s Open Country M/T tires in size 40X15.5R22 127Q, manufactured during the week of Oct. 26, 2014, with TIN CXPCEV74314. According to Toyo, in a small number of these recall tires, a production
2014 Financials Start Rolling In, Results Varied
Four global tiremakers reported their 2014 financial results earlier today, and most claimed higher sales and earnings compared to fiscal 2013. Leading off was Pirelli & C SpA, which posted 2014 sales of $7.31 billion, which was down from 2013’s $8.46 billion. But the tiremaker’s improved sales mix and earnings were driven by increased “premium”
Toyo Introduces New Super Single
Toyo Tire USA Corp. has released the Toyo M149, a super single for regional or urban use on commercial trucks. This all-position super single offers users longer tread life with an optimized profile that minimizes casing growth of the tread area for long wear life and six straight and stiff ribs provide smooth wear,
