Tire Business

Tire Business Founded in 1983, Tire Business is an award-winning newsmagazine written for independent tire dealers and others in the tire and automotive service industries and automotive aftermarket. Tire Business is published every other Monday.
Tire Business is published every other Monday with news updated daily online. Its in-depth news stories, engaging features and relevant special reports reach more than 30,000 print subscribers and thousands more online. Besides reporting on breaking news, Tire Business also compiles numerous rankings and industry statistics relating to the North American tire and automotive service markets, independent tire dealers, tire manufacturers, tire retreaders and the global tire market. Tire Business is owned by Crain Communications Inc., which publishes 29 U.S. and international business and consumer publications, including Rubber & Plastics News, European Rubber Journal, AutoWeek, Automotive News and Advertising Age. Crain's editorial tenet-that published material must be of real importance to the reader and facts given accurately and fairly-distinguishes the company from its competitors. Subscribers to Tire Business enjoy 26 print issues a year plus access to all areas of tirebusiness.com. Online-only subscriptions also are available. Tire Business Editorial and Business Offices 1725 Merriman Road, Suite 300 Akron, Ohio 44313-5283 Phone: (330) 836-9180 Fax: Editorial, (330) 836-2831; Sales and Administration, (330) 836-1005 Tire Business Circulation Department/Customer Service 1155 Gratiot Ave. Detroit, Mich. 48207-2912 For subscription questions and or problems, please call toll free (U.S. and Canada only) - Phone: (877) 320-1716 or (313) 446-0450 Fax: (313) 446-6777 For more information on Tire Business list rental, please contact: Donna Buckner Statlistics 69 Kenosia Ave Danbury CT 06810 Email: [email protected]
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Latest from #tirebusiness cartoonist Leo Michael. #tires #facemask
08/08/2020

Latest from #tirebusiness cartoonist Leo Michael. #tires #facemask

Bridgestone attributed the earnings and sales declines to the negative effects of the COVID-19 pandemic on the global ec...
08/07/2020
Bridgestone results down double-digits in 1st half

Bridgestone attributed the earnings and sales declines to the negative effects of the COVID-19 pandemic on the global economy.
Bridgestone #financials #tires #tirebusiness #bridgestone
http://ow.ly/yb2L50ATK0K

TOKYO — Bridgestone Corp. posted a 68.3% drop in operating income and a net loss for the six months ended June 30 on 22.1% lower sales. Bridgestone attributed the earnings and sales declines to the negative effects of the COVID-19 pandemic on the global economy. For the full year,…

The Tire Industry Association is moving its centennial celebrations — originally scheduled for the week of Nov. 2 in Las...
08/07/2020

The Tire Industry Association is moving its centennial celebrations — originally scheduled for the week of Nov. 2 in Las Vegas — to November 2021 to coincide with the 2021 SEMA Show.
#tires #tirebusiness #TIA #SEMA
http://ow.ly/p0L450ASS9j

Brett Ponton leaving Monro; Robert Mellor named interim CEO#monro #tires #tirebusinesshttp://ow.ly/bMkB50ASS3D
08/07/2020

Brett Ponton leaving Monro; Robert Mellor named interim CEO
#monro #tires #tirebusiness
http://ow.ly/bMkB50ASS3D

Recipients of a Paycheck Protection Program (PPP) loan can save time by utilizing a simplified PPP forgiveness applicati...
08/07/2020

Recipients of a Paycheck Protection Program (PPP) loan can save time by utilizing a simplified PPP forgiveness application, if the recipient falls into one of three categories.
http://ow.ly/rNIX50ASJoc

Nokian expects to benefit from its significant investments in capacity expansion in the past quarters, and increase sale...
08/06/2020
Nokian first half sales, earnings drop amid global pandemic

Nokian expects to benefit from its significant investments in capacity expansion in the past quarters, and increase sales when the market rebounds.
Nokian Tyres #nokian #covid #tires #tirebusiness
http://ow.ly/aOCJ50ARNSw

NOKIA, Finland — Nokian Tyres P.L.C. reported double-digit declines in half-year sales and earnings, as the COVID-19 pandemic continues to take its toll on business.Sales for the first six months of the year fell 27.2% to $607 million, due mainly to reduced demand caused by global lockdowns.....

The German group said it expects demand for replacement tires for cars and light commercial vehicles to "normalize" in t...
08/06/2020
Conti expects passenger tire demand to 'normalize' in Q3

The German group said it expects demand for replacement tires for cars and light commercial vehicles to "normalize" in the third quarter.
Continental Tire #covid #tires #tirebusiness #continental
http://ow.ly/j1Zh50ARNCM

HANOVER, Germany — Despite suffering a 23% drop in first-half sales revenue, Continental A.G.'s tire group expects a slight recovery in the tire market in the second half of the year. Conti's tire business reported 41% lower pre-tax operating income for the six months ended June 30 of $786.6....

TIA resets centennial events for 2021 due to SEMA cancellationTire Industry Association #sema #TIA #tires #tirebusinessh...
08/06/2020
TIA resets centennial events for 2021

TIA resets centennial events for 2021 due to SEMA cancellation
Tire Industry Association #sema #TIA #tires #tirebusiness
http://ow.ly/kPzF50ASuW7

BOWIE, Md. — Reacting to the cancellation of the 2020 SEMA Show, the Tire Industry Association (TIA) is moving its centennial celebrations — originally scheduled for the week of Nov. 2 in Las Vegas — to November 2021 to coincide with the 2021 SEMA Show. The Specialty Equipment.....

Brett Ponton leaving Monro; Robert Mellor named interim CEOMonro Auto Service and Tire Centers #tires #tirebusinesshttp:...
08/06/2020
Brett Ponton leaving Monro; Robert Mellor named interim CEO

Brett Ponton leaving Monro; Robert Mellor named interim CEO
Monro Auto Service and Tire Centers #tires #tirebusiness
http://ow.ly/ABhx50ASpgD

ROCHESTER, N.Y. — Brett Ponton, president and CEO of Monro Inc. since October 2017, has resigned and is leaving Monro to "pursue another opportunity."Monro named Robert Mellor, chairman of the company's board of directors since 2017 and a board member since 2010, interim CEO while it starts.....

AAPEX to move to virtual event Nov. 3-5 due to pandemic#AAPEX #covid #tires #tirebusinesshttp://ow.ly/649850ASorw
08/06/2020

AAPEX to move to virtual event Nov. 3-5 due to pandemic
#AAPEX #covid #tires #tirebusiness
http://ow.ly/649850ASorw

Today's tire supply chain has become more complex — and analytical — than ever before.American Tire Distributors #ATD #t...
08/06/2020
ATD: Supply chain thrives in 'flexible ecosystem'

Today's tire supply chain has become more complex — and analytical — than ever before.
American Tire Distributors #ATD #tires #tirebusiness
http://ow.ly/yzbQ50ARNkv

HUNTERSVILLE, N.C. — It's just not your father's supply chain anymore. Today, the supply chain that begins on a rubber plantation in Southeast Asia, eventually moves to a tire manufacturing plant somewhere across the globe and finally ends on the wheels of a consumer vehicle has become more…

2020 SEMA Show canceled due to COVID-19The SEMA Show #sema2020 #tires #tirebusinesshttp://ow.ly/PSjD50ARRn0
08/06/2020
2020 SEMA Show canceled

2020 SEMA Show canceled due to COVID-19
The SEMA Show #sema2020 #tires #tirebusiness
http://ow.ly/PSjD50ARRn0

DIAMOND BAR, Calif. — The Specialty Equipment Market Association has decided to cancel the 2020 SEMA Show due to the uncertainty that the COVID-19 pandemic presents in trying to stage a major convention and trade show. "We sincerely appreciate your commitment and support of this annual event....

BREAKING: AAPEX to move to virtual event Nov. 3-5#AAPEX #covid #tires #tirebusinesshttp://ow.ly/Cwyr50ARUci
08/05/2020

BREAKING: AAPEX to move to virtual event Nov. 3-5
#AAPEX #covid #tires #tirebusiness
http://ow.ly/Cwyr50ARUci

BREAKING: 2020 SEMA Show canceledThe SEMA Show #sema2020 #tires #tirebusinesshttp://ow.ly/thRu50ARPDx
08/05/2020
2020 SEMA Show canceled

BREAKING: 2020 SEMA Show canceled
The SEMA Show #sema2020 #tires #tirebusiness
http://ow.ly/thRu50ARPDx

DIAMOND BAR, Calif. — The Specialty Equipment Market Association has decided to cancel the 2020 SEMA Show due to the uncertainty that the COVID-19 pandemic presents in trying to stage a major convention and trade show. "We sincerely appreciate your commitment and support of this annual event....

Charlie Rule promoted to head of Bridgestone Latin America#bridgestone #tires #tirebusinesshttp://ow.ly/uYcv50ARsSa
08/05/2020
Charlie Rule promoted to head of Bridgestone Latin America

Charlie Rule promoted to head of Bridgestone Latin America
#bridgestone #tires #tirebusiness
http://ow.ly/uYcv50ARsSa

NASHVILLE, Tenn. — Bridgestone Americas Inc. has promoted Charlie Rule to president, Americas Tire Operations, Latin America, succeeding Joseph Saoud, who has left Bridgestone to pursue other career opportunities. Mr. Rule, who joined Bridgestone in 2017 as vice president of operations for…

Set for completion in 2022, the facility will produce 3 million passenger and light vehicle tires as well as 500,000 tru...
08/05/2020
Russia's Tatneft to aid tire plant project in Kazakhstan

Set for completion in 2022, the facility will produce 3 million passenger and light vehicle tires as well as 500,000 truck tires a year, according to Tatneft.
#tires #tirebusiness #tatneft #Kazakhstan
http://ow.ly/MarE50AQDvy

NIZHNEKAMSK, Russia — Russian energy and petrochemicals company P.J.S.C. Tatneft has agreed to work with Kazakhstan automotive manufacturer Allur Group to build a tire plant in Kazakhstan.The proposed joint venture project will oversee the construction of a tire factory in a "residential…

So far, 30 states have instituted mandates on citizens to wear face masks in public places, but many tire businesses alr...
08/05/2020
Cover-up: More retailers requiring face masks to curb COVID

So far, 30 states have instituted mandates on citizens to wear face masks in public places, but many tire businesses already have been encouraging their customers and employees to wear masks.
#covid #tires #tirebusiness #masks
http://ow.ly/4ZTa50AQDbY

As state governments mull the issue of mandating face masks in public, numerous tire and auto service businesses have already taken the initiative to require customers to wear masks inside their establishments. The Centers for Disease Control and Prevention (CDC) stated that "cloth face coverings…

Latin American tire, auto shows postponed until 2021#covid #tires #tirebusinesshttp://ow.ly/Ew7h50ARfus
08/05/2020
Latin American tire, auto shows postponed until 2021

Latin American tire, auto shows postponed until 2021
#covid #tires #tirebusiness
http://ow.ly/Ew7h50ARfus

PANAMA CITY, Panama — The Latin American & Caribbean Tyre Expo and the Latin Auto Parts Expo are the latest victims of the COVID-19 pandemic. The shows, which had been rescheduled to Nov. 17-20 from July, have been postponed again, this time to July 13-16, 2021. They both will be held at…

The Latin American & Caribbean Tyre Expo and the Latin Auto Parts Expo are the latest victims of the COVID-19 pandemic.#...
08/04/2020
Latin American tire, auto shows postponed until 2021

The Latin American & Caribbean Tyre Expo and the Latin Auto Parts Expo are the latest victims of the COVID-19 pandemic.
#covid #tires #tirebusiness
http://ow.ly/WFZW50AQQTc

PANAMA CITY — The Latin American & Caribbean Tyre Expo and the Latin Auto Parts Expo are the latest victims of the COVID-19 pandemic.The shows, which had been rescheduled from July to Nov. 17-20, have been postponed until July 13-16, 2021. They both will be held at recently opened Amador....

"At the end of the day, we don't expect a big impact on us in terms of volume, particularly because of our premium focus...
08/04/2020
Goodyear sees little effect from possible P/LT tire import duties

"At the end of the day, we don't expect a big impact on us in terms of volume, particularly because of our premium focus."
Goodyear #tires #tirebusiness
http://ow.ly/fp1a50APGXd

AKRON — Goodyear does not expect possible elevated U.S. import duties on tires from South Korea, Taiwan, Thailand and Vietnam — should they be imposed — to have much of an effect on its business because of its emphasis on the premium sector. "As a rule of thumb for Goodyear, we....

Hankook said it's building for the future by implementing measures such as "optimizing" regional sales strategies, enhan...
08/04/2020
Hankook posts double-digit drops in Q2 sales, earnings

Hankook said it's building for the future by implementing measures such as "optimizing" regional sales strategies, enhancing its portfolio of larger-diameter premium tires and expanding its sales channels.
HankookTireUSA #tires #tirebusiness
http://ow.ly/lw1h50APGIR

SEOUL, South Korea — Hankook Tire & Technology Co. Ltd. posted double-digit drops in sales and earnings for the three- and six-month periods that ended June 30, as the global economic downturn caused by the COVID-19 pandemic continued to affect business. Operating income for the second…

Successfully promoting automotive maintenance requires putting the cost into perspective and then performing the work wh...
08/04/2020
Marinucci: Put maintenance cost, timing into perspective

Successfully promoting automotive maintenance requires putting the cost into perspective and then performing the work while the vehicle is healthy.
#autoservice #tires #tirebusiness
http://ow.ly/LYuu50APGwm

Successfully promoting automotive maintenance requires putting the cost into perspective and then performing the work while the vehicle is healthy.Years of field experience have convinced me that paying lip service to these mandates is very easy.But actually accomplishing these two steps is…

SRNA executives were optimistic about the tire market going forward.#tires #tirebusiness #lighttruckshttp://ow.ly/ipa950...
08/04/2020
SRNA: LT tire sales rebound in July

SRNA executives were optimistic about the tire market going forward.
#tires #tirebusiness #lighttrucks
http://ow.ly/ipa950APFkT

RANCHO CUCAMONGA, Calif. — Light truck tire sales were rebounding in the U.S. in July after suffering a slump earlier in the year. For the first half of July, U.S. light truck tire volume (LT metric and flotation) increased 14%, compared with the year-ago period, after suffering a 45% plummet in.....

Hankook's ‘Never Halfway' campaign returns with Clayton KershawHankookTireUSA #tires #tirebusiness #sportsmarketing #cla...
08/04/2020
Hankook's ‘Never Halfway' campaign returns with Clayton Kershaw

Hankook's ‘Never Halfway' campaign returns with Clayton Kershaw
HankookTireUSA #tires #tirebusiness #sportsmarketing #claytonkershaw
http://ow.ly/G5Ea50ANNFJ

NASHVILLE, Tenn. — Thanks to Hankook Tire America Corp., Los Angeles Dodgers ace Clayton Kershaw is doing a different kind of pitching.Mr. Kershaw is the face of Hankook's "Never Halfway" marketing campaign with Major League Baseball, starring in a pair of TV commercials that began airing in....

Check out the new issue of #tirebusiness
08/04/2020

Check out the new issue of #tirebusiness

For more than 75 years, Akron was known as the Rubber Capital of the World. Then the world changed. Crain's Cleveland Bu...
08/03/2020
When the rubber hit the road in Akron

For more than 75 years, Akron was known as the Rubber Capital of the World. Then the world changed.
Crain's Cleveland Business #tires #Akron #tirebusiness Goodyear
http://ow.ly/7XbL50ANNwX

AKRON — For more than 75 years, Akron was known as the Rubber Capital of the World. With more than 37,000 people working in the tire and rubber industry, the city was home to tire giants Goodyear, Firestone, General, Mohawk, Uniroyal Goodrich and B.F. Goodrich. Entire neighborhoods — Goodyear…

08/03/2020
Futrelle to head sales, Americas for Conti's Commercial Specialty Tires unit

Matthew Futrelle to head sales, Americas for Conti's Commercial Specialty Tires unit Continental Tire
#tires #tirebusiness #agtire
http://ow.ly/t7rX50ANNp6

FORT MILL, S.C. — Continental A.G. has promoted Matthew Futrelle to head of sales and marketing throughout the Americas for the Commercial Specialty Tires business unit, which oversees all materials-handling, earthmoving and agriculture tire business in North, Central and South America.Mr…

The U.S. Tire Manufacturers Association is revising its 2020 tire shipments projection slightly upward. U.S. Tire Manufa...
08/03/2020
USTMA revises 2020 replacement market forecast up slightly

The U.S. Tire Manufacturers Association is revising its 2020 tire shipments projection slightly upward. U.S. Tire Manufacturers Association
#tires #tirebusiness
http://ow.ly/2AXn50AP7Qb

WASHINGTON — The U.S. Tire Manufacturers Association (USTMA) is revising its 2020 tire shipments projection slightly upward, based on less pessimistic projections for replacement market shipments for the remainder of the year. The latest numbers were released Monday morning.Replacement…

Company management said it believes the firm has positioned itself to recover from the impact of the COVID-19 pandemic a...
08/03/2020
Goodyear optimistic despite 41% sales decline in Q2

Company management said it believes the firm has positioned itself to recover from the impact of the COVID-19 pandemic and grow in the future.
Goodyear #covid #tires #tirebusiness
http://ow.ly/E1t050ANN44

AKRON — While Goodyear fell into the red on an operating and net basis for the quarter and six months ended June 30, company management said it believes the firm has positioned itself to recover from the impact of the COVID-19 pandemic and grow in the future. Sales fell 41% in the second quarter.....

Mercedes specs Yokohama OE on several new AMG models#tires #tirebusiness #mercedes #yokohamahttp://ow.ly/wF5M50AMMjN
07/31/2020

Mercedes specs Yokohama OE on several new AMG models
#tires #tirebusiness #mercedes #yokohama
http://ow.ly/wF5M50AMMjN

Do you know a tire dealer worthy of the 2020 Tire Dealer Humanitarian Award? The nomination deadline is today!#tires #ti...
07/31/2020

Do you know a tire dealer worthy of the 2020 Tire Dealer Humanitarian Award?
The nomination deadline is today!
#tires #tirebusiness #humanitarianaward
http://ow.ly/89cC50AMMbd

"We do see the potential for a pretty significant average age growth in the coming years." IHS Markit #tirebusinesshttp:...
07/31/2020
Average age of U.S. vehicles approaches 12 years

"We do see the potential for a pretty significant average age growth in the coming years." IHS Markit
#tirebusiness
http://ow.ly/Vlzp50AMM7J

DETROIT — With drivers staying home during the coronavirus pandemic, the average age of U.S. light vehicles is expected to accelerate an upward trend.IHS Markit said in a new report that the average age of vehicles this year has risen to 11.9 years, up about a month from an average age of 11....

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Dear partners of the pneumatic sector I recommend being very careful with a Japanese company that sells michelin and bridgestone brands. This company may be committing crime. They will be informed if it is true shortly. everything is in the hands of lawyers and jatma association. We will not give a name in case it is a mistake. but soon we will inform.
Why is it that tire shops or tire distributors do not and don’t acknowledge that they are selling the customer a tire that is 3 years or 10 years old... does this non acknowledgement fall on falsification/ misleading customers to believe that the tire is new the year of purchase.. ??? Why is this aloud to go on
Do world leaders (more precisely snow and traction chains manufacturer) with history always act as reliable partners? When considering whether it is worth cooperating with a commercial company people ordinarily rely upon its merits, primarily its successful experience. Do they really do right following such a common way of choosing the partner to share business together? The #Austrian #Pewag company presents itself as well-known all over the world and one of the biggest manufacturers and distributors of #chains for diverse purposes as #snowchains, #tractionchains. Founded 300 years ago the company has had many factories (#Austria, #PuebloUSA) and representative offices throughout the world by now (one of which was located in Almaty, a large industrial center in the Republic of Kazakhstan. In 2016 keeping on doing business in Kazakhstan the company suddenly ceased complying with its obligations under previously signed agreements. In particular, the company management ceased to pay taxes and rent in a most irresponsible manner. It looked like the company bosses had just lost sight of their representative office in the city of Almaty. Several civil lawsuits were filed against the Pewag company in the Almaty court, Republic of Kazakhstan. The court ruled in favor of the plaintiff and ordered the defendant to re-register the legal entity and pay damages, including taxes and rent for the office space the company had used for its commercial purposes for a long time. It is interesting to note that Company officials did not even consider it necessary to attend the court hearings. However, nothing has changed since then. The Pewag company representatives continue refusing to comply with the courts' decisions. It should be stressed that the above company is considered a world leader with history, not a small company started a couple of years ago of which nobody has ever heard! In summary, sometimes international companies well-known throughout the world only act on the basis of their own interests in complete disregard of the principles and norms of ow world-wide and local laws. This sad fact is a matter of great concern for those who one day decided to cooperate with such partners.
"2018 The 9th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition" Dear Sir/Madam, We sincerely invite you to attend 2018 The 9th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition, which will be held in Guangrao International Exhibition Center in Shandong Province in China on May 15th-17th, 2018. Guangrao is a tire production base, 25% (one ninth tires of China are produced in Guangrao). The Exhibition Organizing Committee is committed to offer the participated international visitors: 1. Free Bus pick-up service from the following places and the way back: Beijing subway -Capital International Airport; Jinan Yaoqiang International Airport; Qingdao Liuting Airport; Dongying Yongan Airport; Zibo Train Station; 2. Free hotel accommodation 3. Free Foods (3 meals per day, as well as Halal food) 4. Free Exhibition ticket (VIP Guest) and some small souvenirs 5. Local tour traveling arrangement, but in your own expense Foreign Visitor Profile Requirements: Age above 25 years old. Holding Residence permit /Business/Work visa (Z, Q, L, M, S Visa). PM me for more details Best Regards Sarwar Soomro Email: [email protected] Mob: +8618811736583 wechat: soomro60 WhatsApp: +8613261693188