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Cooper to suspend production at U.S., Mexico plants
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Cooper to suspend production at U.S., Mexico plants

March 21st, 2020 | by Tire Business Staff
FINDLAY, Ohio — Cooper Tire & Rubber Co. plans to suspend production temporarily at its tire plants in the U.S. and Mexico, “to protect the health and safety of employees and respond to market demand that has been...
Ford, GM to stop North American auto production through March 30
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Ford, GM to stop North American auto production through March 30

March 18th, 2020 | by Tire Business Staff
Michael Martinez, Automotive News DETROIT — Ford Motor Co. and General Motors Co. said that all manufacturing sites in the U.S., Mexico and Canada will close through at least March 30 as the auto makers battle the coronavirus...
Tire Cologne postponed until May 2021
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Tire Cologne postponed until May 2021

March 18th, 2020 | by Tire Business Staff
COLOGNE, Germany — The organizers of The Tire Cologne have postponed the 2020 event — scheduled for June 9-12 in Cologne — until May 2021, in light of the spreading health threat posed by the COVID-19 coronavirus....
Latin Tyre Expo rescheduled for November
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Latin Tyre Expo rescheduled for November

March 17th, 2020 | by Tire Business Staff
MIAMI — The organizers of the Latin American & Caribbean Tyre Expo and Latin Auto Parts Expo have postponed the joint event, scheduled for July 14-17 in Panama City, Panama, to Nov. 17-20 in response to the threat...
Pirelli to raise tire prices in U.S.
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Pirelli to raise tire prices in U.S.

March 11th, 2020 | by Tire Business Staff
ROME, Ga. — Pirelli Tire North America L.L.C. is planning to increase prices in the U.S. for car and light truck tires on April 6 by up to 5%, varying by line and tire size. Pirelli did not disclose its reasons for the...
Goodyear to raise tire prices
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Goodyear to raise tire prices

March 10th, 2020 | by Tire Business Staff
AKRON — Goodyear is planning to raise prices on Goodyear- and Kelly-brand consumer tires by up to 5% on April 1. Goodyear cited “changing market dynamics” for the need to adjust prices and said the increases...
Tire industry keeping eye on spread of COVID-19
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Tire industry keeping eye on spread of COVID-19

March 10th, 2020 | by Tire Business Staff
By Jim Johnson WASHINGTON, D.C. — It’s now a matter of how and when and not if. As countries around the world work, to varying degrees, to contain COVID-19, aka “coronavirus disease 2019,” the spread...
Bridgestone to open 50 company-owned retail stores in 2020
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Bridgestone to open 50 company-owned retail stores in 2020

March 10th, 2020 | by Tire Business Staff
NASHVILLE, Tenn. — Bridgestone Retail Operations is planning to open 50 company-owned retail tire stores this year, after a year when the company’s store network reported a net gain of about 23 stores. The business, which...
Conti considering cost-cutting moves in wake of lower 2019 earnings
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Conti considering cost-cutting moves in wake of lower 2019 earnings

March 5th, 2020 | by Tire Business Staff
HANOVER, Germany — Continental A.G. is evaluating new cost-cutting measures after posting a 20% drop in fiscal 2019 adjusted pre-tax operating profit and a $1.37 billion net loss as worldwide vehicle demand slumped and...
Truck tire demand to boost U.S. tire shipments in 2020
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Truck tire demand to boost U.S. tire shipments in 2020

March 3rd, 2020 | by Tire Business Staff
WASHINGTON — Buoyed by strong aftermarket demand for truck/bus tires, U.S. tire shipments are expected to increase slightly this year over 2019 to 333.2 million units, according to the latest forecast from the U.S. Tire...