Hoosier Racing Tire Corp. co-founder Joyce Newton, the matriarch of the company, has passed away at the age of 85. “The thoughts and prayers of Hoosier Tire employees and Distributors are with Joyce’s family,” the company said in a statement.
John DeSalle has been named president of Hoosier Racing Tire Corporation following the company’s acquisition by Continental. In his new role he will report directly to Dr Jochen Etzel, chief executive officer of Continental Tire the Americas, LLC and Hoosier Racing Tire Corporation.
Germany’s Continental AG has acquired US-based tyre specialist Hoosier Racing Tire for an undisclosed sum. The deal to purchase the formerly privately-owned company was completed on 3 October. The acquisition of Hoosier Racing Tire follows seven years of collaboration with Continental, during which time the two companies worked together on various development and motorsport projects.