Toyo Tire & Rubber Co. posted a 4.1% decrease year over year for the first half of 2016. The company reported $1.8 billion for the first half, a decease $786 million.
Toyo’s tire business also posted a net sales for the first half. The tire business reported $1.4 billion in net sales.
However, despite lower net sales tire sales in both North America and Europe were up, the tiremaker reported. A stronger yen contributed to lower sales prices.