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Across the Atlantic they are called tires, while over here we use a “Y” and say tyres. This tag provides the latest tyre business news emanating from the United States of America (USA), whichever way you spell it.

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USA: Tyre makers’ association forecasts 4.1% rise in shipments

The trade association representing manufacturers producing tyres in the USA, the U.S. Tire Manufacturers Association (USTMA), projects that its members will ship a total of 315.7 million tyres this year, compared to 303.2 million units in 2020 and 332.7 million units in 2019. This projected 4.1 per cent year-on-year increase in unit tyre shipments continues a positive trend seen in recent months – the USTMA reports that its members’ actual USA tyre shipments in 2020 turned out to be 4.9 million units, or 1.6 per cent, higher than the projected annual total it announced last November.

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Related news:

  1. US tyre shipments expected to rise in 2018
  2. USTMA forecasts decrease in US tyre shipments
  3. US tyre association postpones safety week
  4. US tyre shipments significantly better than feared
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Cooper Tire: More than 430,000 tyres recalled in USA

The US government’s National Highway Traffic Safety Administration (NHTSA) has announced another recall of tyres produced by Cooper Tire & Rubber. This recall potentially relates to more than 430,000 4×4 and SUV tyres in the sizes 275/65R18 and 275/55R20.

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Related news:

  1. North American recall for Continental, Cooper tyre lines
  2. Cooper recalls 1,983 Cooper and Mastercraft tyres
  3. Cooper recalls certain Roadmaster RM852 tyres in the US
  4. Continental recalls 12,000 car tyres in the US
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North American recall for Continental, Cooper tyre lines

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
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Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic

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

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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
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Goodyear set to buy Cooper Tire for US$2.5 billion

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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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  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
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BKT officially scraps USA factory project

Doubts have surrounded the future of Balkrishna Industries (BKT)’s plans to establish a factory in the USA for the past two and a half years, and now the company has officially ended the project. This decision was agreed upon during a board meeting on Monday.

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  1. BKT: No USA plant for the “foreseeable future”
  2. BKT outlaying up to $100 million to build US tyre plant
  3. Sentury Tire chooses SSOE for US plant design
  4. Triangle Tyre selects site for USA factory project
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Linglong bringing Hubtrac brand to USA

Towards the end of last year, Linglong Tire announced it would bring its new Hubtrac tyre brand to Europe. The tyre maker also intends to sell this commercial range in the USA, taking advantage of its production site in Thailand and under-construction facility in Serbia to avoid the country’s anti-dumping and countervailing duties on Chinese products.

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  1. Linglong Tire progressing with recycling, pyrolysis projects
  2. Linglong completes technical assistance to Uzbek tyre plant project
  3. Linglong holds business investment talks with EBRD
  4. Linglong Tire signs cooperation agreement with Geely
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Goodyear and Conmet offer tyre and wheel hub analytics solution

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ConMet

In the US The Goodyear Tire & Rubber Company and ConMet announced a strategic collaboration to create combined digital solutions that will “better connect commercial truck fleets to the health of their tyres and wheel ends”. Billed as leveraging big data and utilising predict analytics, ConMet’s existing SmartHub is positioned as a stepping stone en route to autonomous vehicle technology.

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  1. Goodyear opens its ‘Convoy’ e-commerce truck tyre programme to everyone
  2. TIP Trailer Services extends Goodyear tyre contract
  3. MAN and Goodyear expand driver training cooperation
  4. Goodyear collaborating with TuSimple on automated haulage solutions
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USA retains duties on PLT tyres

Tyrepress.com / Stephen Goodchild

The USA will continue to apply anti-dumping and countervailing duties to passenger vehicle and light truck (PLT) tyres from China. The U.S. International Trade Commission (USITC) decided against ending the charging of duties, which have applied to these products since 2015, after determining that doing so would “likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.” Unsurprisingly, the United Steelworkers union applauds the decision.

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  1. USA: No antidumping and countervailing duties on Chinese truck & bus tyres
  2. Chinese truck/bus tyres: US court partially rejects determination
  3. US imposes Chinese tyre import tariffs
  4. USA sets final duties on CV steel wheels from China
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Hankook partnering in US intelligent tyre pilot

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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  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
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President Biden from a tyre perspective

C-Span

Less than 24 hours after Joe Biden was sworn-in as the 46th president of the USA, “Trump, the presidential limo and its tyres” – first published in August 2020 was amongst our most popular stories of the day. Of course, in normal circumstances we don’t spend too much time considering presidential limousine fitments. However, “Trump, the presidential limo and its tyres” was a follow-up story to the well-documented Twitter bust-up US president 45 (Donald Trump) had with Goodyear. With this in mind, it is worth looking at what we know so far about the Biden presidency from a tyre perspective.

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  1. Conti shares rated as a post-US election ‘buy’
  2. Will Europe impose tyre import tariffs?
  3. TBC Corporation acquires Interstate brand marketing rights
  4. Orion Engineered Carbons invests in emissions controls
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Guayule ‘milestone’ – Bridgestone & NRGene assemble new genome

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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  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
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Bridgestone appoints Marko Ibrahim to head USA retail business

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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  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
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