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You are here: Home1 / North America

North America

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North American recall for Continental, Cooper tyre lines

International News

Continental Tire the Americas is recalling more than 90,000 Continental, General Tire and Barum tyres in North America that have been over-cured and are thus at risk of developing breakages in the sidewall area. A separate recall of approximately 12,000 Cooper and Mastercraft tyres in North America is taking place due to a possible low tread gauge in the tyres’ shoulder slot area which could cause tread separation and sidewall failure.

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Related news:

  1. Giti Tire, Continental recalling tyres in USA
  2. Cooper recalls 1,983 Cooper and Mastercraft tyres
  3. European markets not affected by US tyre recall – Continental
  4. GM recalls vehicles due to overcured Continental tyres
25th February 2021/0 Comments/by Stephen

Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic

Company News, International News
PublicDomainPictures; Pixabay

The day after Goodyear announced that it is buying Cooper Tire for north of $2.5 billion, Fitch Ratings affirmed its Long-Term Issuer Default Ratings of The Goodyear Tire & Rubber Company (GT) and its Goodyear Europe B.V. (GEBV). Fitch also affirmed its ratings on a number of specific funding lines. Both moves can be interpreted as partially affirming the Goodyear Cooper acquisition’s strategic logic – something that was described as compelling by the senior executives of both companies.

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Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  3. Goodyear implements direct online sales in US
  4. Goodyear and Cooper shares up 30% after takeover news
24th February 2021/0 Comments/by Chris

The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron

Company News, International News
Goodyear

Explaining the rationale behind Goodyear’s multi-billion dollar acquisition of Cooper Tire, executives said the combination offers “compelling strategic and financial benefits”. Specifically, they suggested the transaction “further strengthens Goodyear’s leading position in the US, while significantly growing its position in other North American markets.” With just two home-grown domestic tyremakers in the US (Goodyear and Cooper), that much is clear. However, the benefits of the announced merger are not limited to North America. In China, the combination will almost double Goodyear’s presence. According to Goodyear, it will also increase the Akron, Ohio-based tyremaker’s OE tyre supply position, while creating broader distribution for Cooper replacement tyres through Goodyear’s network of 2,500 branded retail stores.

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Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. Goodyear implements direct online sales in US
  3. Veyance Expands Presence into South America
  4. Kumho Raises US Prices
22nd February 2021/0 Comments/by Chris

Goodyear set to buy Cooper Tire for US$2.5 billion

Company News, International News

The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company have made “a definitive transaction agreement” that will see Goodyear buy Cooper for roughly $2.5 billion. The combined company will have approximately $17.5 billion in pro forma 2019 sales. Upon closing of the transaction, Goodyear shareholders will own approximately 84 per cent of the combined company, and Cooper shareholders will own approximately 16 per cent.

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Related news:

  1. Goodyear implements direct online sales in US
  2. Dunlop Aircraft Tyres confirms sale talks
  3. Doublestar back in pole-position for Kumho purchase
  4. Cooper takes suitor Apollo to court
22nd February 2021/0 Comments/by Chris

Hankook partnering in US intelligent tyre pilot

International News

Hankook Tire’s US subsidiary is working with advanced smart tyre technology and predictive data analytics company Revvo Technologies on a pilot programme that will integrate Hankook SmartFlex tyres with Revvo’s product suite to provide critical tyre-specific data. Data generated, such as real-time alerts, will benefit Junk King, North America’s top-rated eco-friendly junk removal and hauling company.

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Related news:

  1. Hankook tyres for Toyota Corolla
  2. Groundbreaking held for Hankook’s US tyre plant
  3. Alex Vitale appointed CEO of TP Commercial Solutions in the US
  4. Hankook Tire postpones Hungary truck tyre plant
27th January 2021/by Stephen

Guayule ‘milestone’ – Bridgestone & NRGene assemble new genome

Company News
Bridgestone Corporation

The dream of securing natural rubber supplies in the vicinity of production facilities and reducing dependency upon hevea rubber plantations has preoccupied Bridgestone Corporation for the past decade. Early in 2018 it announced a collaboration with genomic big data company NRGene to advance the commercialisation of guayule, and today Bridgestone shared the results of this four-year project. The combined effort has resulted in the partners successfully assembling a specific guayule genome.

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Related news:

  1. Bridgestone, NRgene collaborate to sequence and assemble guayule genomes
  2. Bridgestone trials guayule rubber in prototype tyres
  3. Bridgestone optimising rubber yields with big data
  4. Bridgestone begins producing guayule-sourced natural rubber
20th January 2021/by Stephen

Bridgestone appoints Marko Ibrahim to head USA retail business

Career Tracks

Marko Ibrahim is the new president of Bridgestone Retail Operations (BSRO), the Bridgestone Americas subsidiary responsible for operating a network of more than 2,200 tyre and vehicle service centres across the United States of America. He succeeds Joe Venezia, who led the organisation since 2017 and has stepped down to pursue a leadership role outside of Bridgestone.

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Related news:

  1. Ex-Bridgestone Helton to lead TBC’s Midas
  2. Bridgestone Vet Joins DSP 20 Group
  3. Bridgestone Retail Highlights 2009 Growth
  4. Bridgestone rebranding, closing ‘Expert’ retail outlets in US
18th January 2021/by Stephen

Michelin raises light truck- and car-tyre prices in North America

Company News

Michelin North America recently announced price increases on selected Michelin and BFGoodrich passenger and light truck tyres.

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Related news:

  1. Sailun raising prices in North America
  2. Michelin increasing prices in North America
  3. Pirelli USA raises tyre prices 5%
  4. Currencies Affect Michelin 1Q Sales
13th January 2021/by Chris

Bridgestone opens Canada distribution centre

International News
Bridgestone Americas

With a new warehouse in Ancaster, Ontario, Bridgestone anticipates serving tyre dealers and customers in Canada with greater agility. The CA$65 million (£37.7 million) facility can hold up to 570,000 tyres and enables Bridgestone Canada to reduce transportation costs and shorten time-to-market for products in the country’s eastern region.

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Related news:

  1. Bridgestone enlarging warehousing at USA plants
  2. Bridgestone promotes three within its North American operation
  3. Bridgestone’s Joliette plant to gain automated warehouse
  4. Bridgestone recalls 1900 car and light truck tyres in North America
12th January 2021/by Stephen

Pre-Q Galgo appoints Ron Elliott marketing manager

Career Tracks, International News
Pre-Q Galgo

Pre-Q Galgo Corporation has hired Ron Elliott to be its marketing manager in North America. In his role, Elliot will be responsible for leading the marketing direction of the long-term growth strategy for the Pre-Q Galgo brand throughout the United States and Canada.

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Related news:

  1. Magna Tyres Group expands into North America
  2. Continental: High retread demand driving 300% production boost at USA plant
  3. Bridgestone promotes three within its North American operation
  4. Toyo USA promotes Roy Bromfield to president and CEO
7th January 2021/by Chris

Yokohama control tyre for Porsche Sprint Challenge North America

International News, Motorsport

A new all-Porsche racing series commences in the USA and Canada next year, and Yokohama will serve as control tyre. The Porsche Sprint Challenge North America is a three-class series contested by the current and previous generations of Porsche 991 GT3 as well as the 718 Cayman Clubsport. All cars will race on Yokohama Advan racing tyres, with the Advan A005 slick the rubber of choice on dry tracks and the Advan A006 serving as wet weather tyre.

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Related news:

  1. Yokohama Tire names new IT VP
  2. Yokohama OE tyre for 2020 Chrysler Voyager
  3. Goodyear racks up 60 years of NASCAR tyre supply
  4. Pirelli’s American motorsport commitments ‘never more relevant’
18th December 2020/by Stephen

Bridgestone recalls 1900 car and light truck tyres in North America

International News, Product News
Bridgestone Americas

Bridgestone Americas and Bridgestone Canada are recalling 1,923 Firestone Destination LE3 and Bridgestone Ecopia H/L 422 Plus replacement passenger and light truck tyres.

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Related news:

  1. Upgrade For Bridgestone
  2. Bridgestone/Firestone Truck Hero Sought
  3. BFNAT Set to Raise Prices
  4. Bridgestone North America Divisions Donate to US Flood Relief
7th December 2020/by Chris

Falken tyre prices going up in North America

Company News, International News

Sumitomo Rubber North America is set to increase prices the price of Falken and Ohtsu branded passenger, light truck and medium truck tyres in the US and Canada on as well as implementing inline adjustments on a per size basis.

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Related news:

  1. New year, new business structure – SRI making changes in North America
  2. Michelin increasing prices in North America
  3. Pirelli USA raises tyre prices 5%
  4. Michelin, Sumitomo Corporation to pool tyre wholesale resources in USA & Mexico
24th November 2020/by Chris

Camso acquires Metro businesses in the USA

International News

Camso, the off-road tyre specialist acquired by Michelin in 2018, has grown its off-highway transportation tyre service and distribution presence in North America with the acquisition of two material-handling solutions businesses from Metro Industrial Tires. These businesses are based in Chicago and provide service to the market via their own press truck fleets.

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Related news:

  1. Michelin acquires telematics provider NexTraq
  2. Camso acquires Omni Industrial Tire
  3. Solideal Names John Howe as New UK Sales Manager
  4. Michelin negotiating to acquire Camso
22nd October 2020/by Stephen

Daimler Trucks honours 3 Accuride Corp. plants

International News

Accuride Corporation reported this week that three of its facilities, including two of its wheel plants, have received 2019 Masters of Quality awards from Daimler Trucks North America LLC (DTNA). The awarded plants are the Accuride de México facility in Monterrey, which supplies DTNA with aluminium and steel wheels and is a seven-time awardee; the Henderson plants in Kentucky, USA, which supplies DTNA with steel wheels and is a three-time award recipient; the Rockford factory in Illinois, USA, which supplies Gunite wheel hub, drums, and brake rotors and is a fifth-time awardee.

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Related news:

  1. DriveRightData opens US wheel testing facility
  2. Goodyear awarded for safety improvement practices
  3. USA sets final duties on CV steel wheels from China
  4. Bad Winter Forecast In USA
22nd October 2020/by Stephen
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