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US tyre output fell in 2013

The US tyre manufacturing industry lost ground to imports last year for the second straight year as shipments of both OE and replacement market consumer tyres increased. This is one trend culled from the pages of the Rubber Manufacturers Association’s…

Titan still interested in Goodyear’s plant

Titan International Inc. remains open to making a bid on Goodyear’s troubled Amiens Nord plant in France, but some hurdles still remain in the way of a deal taking place in the near future. For the time being, Titan said…

Strong winter products sales drive Canadian Tire profit

Canadian Tire Corp (CTCa.TO), best known for its automotive and homeware stores, posted a better-than-expected profit for the fifth straight quarter as harsh winter weather boosted sales of shovels, snow blowers and car batteries and tyres. The company’s revenue rose…

Tyre maker Bridgestone pleads guilty to price-fixing

Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ). According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to car…

Japan tyremaker shares drop on dissolved Goodyear alliance

Shares in Japanese tyremaker Sumitomo Rubber dropped more than five percent Friday morning after US partner Goodyear said it was dissolving the firms’ longstanding alliance over allegations of anti-competitive behaviour. The Tokyo-listed stock finished the morning session down 5.39 percent…