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Titan stockholders approve doubling common stock shares QUINCY, Ill. (March 5, 2010)—Titan International Inc. stockholders have approved doubling the number of authorized shares of Titan common stock to 120 million.
Conti moves ahead with Chinese tire plant GENEVA, Switzerland (March 5, 2010)—Continental A.G. expects to bring its new Chinese plant on stream later this year, according to a company executive.
Cooper expects 2010 improvements FINDLAY, Ohio (March 4, 2010)—Cooper Tire & Rubber Co. is “cautiously optimistic” for 2010 based on a stronger-than-anticipated 2009 fourth quarter and its belief that there is pent-up demand for tires.
Apollo to expand Vredestein plant GENEVA, Switzerland (March 4, 2010)—India’s Apollo Tyres Ltd. is scrapping plans for its own tire plant in Europe and instead will double capacity at the Vredestein Banden factory in Enschede, Netherlands, it acquired last year.
Goodyear settles Army vet’s lawsuit for $40,000 OKLAHOMA CITY (March 4, 2010)—Goodyear and the U.S. Department of Justice have settled for $40,000 the lawsuit of an Army reservist, formerly employed at the tire maker’s Lawton, Okla., plant, who claimed the company violated his employment rights.
Cooper Tire to raise ownership stake in China JV FINDLAY, Ohio (March 3, 2010)—Cooper Tire & Rubber Co. will increase its ownership in its Cooper Chengshan (Shandong) Tire Co. Ltd. joint venture in China to 65 percent at the request of its partner there, Chengshan Group.
Pirelli to focus on its own plans for Russia GENEVA, Switzerland (March 3, 2010)—Pirelli Tyre S.p.A. has abandoned plans to buy a tire plant in Russia or to work with a brownfield facility and instead will proceed with plans to build a factory there, according to Pirelli Tyre CEO Francesco Gori.
ITEC show adds BKT as a corporate sponsor AKRON (March 3, 2010)—The newly expanded International Tire Exhibition & Conference has added Balkrishna Industries Ltd. (BKT) of Mumbai, India, as a corporate sponsor.
Cooper Tire finishes ’09 back in black FINDLAY, Ohio (March 2, 2010)—Cooper Tire & Rubber Co. rebounded back into the black for the year, reporting $51.8 million in net income last year after a $219.4 million loss in 2008. Annual sales in 2009 dipped 3.6 percent to $2.78 billion, compared with 2008.
Titan hoping for improvements in 2010 QUINCY, Ill. (March 2, 2010)—Titan International Inc. expects 2010 to bring improvements over a disappointing 2009 because construction industry inventories are depleted, farming still has “fair sales volume” and the mining market “is good and pricing is fair,” according to Chairman and CEO Maurice Taylor Jr.
TRIB protests anti-retread bill in Georgia ATLANTA (March 2, 2010)—The Tire Retread & Repair Information Bureau is urging its members in Georgia to contact their state representatives to protest House Bill 981, which would forbid the use of retread tires on emergency vehicles in the state.
Titan sets deadline for Goodyear farm tire deal QUINCY, Ill. (March 1, 2010)—Titan International Inc. expects to make a decision on its bid for certain Goodyear farm tire-related assets in Europe by the end of March, Titan Chairman and CEO Maurice Taylor Jr. told analysts.
Cooper launches winter range for SUVs, crossovers SAULT STE. MARIE, Mich. (March 1, 2010)—Cooper Tire & Rubber Co. launched a winter tire designed for sport-utility and crossover vehicles during a winter tire ride-and-drive for dealers and the media in Sault Ste. Marie.
Toyo, Nitto post recall information on their Web sites CYPRESS, Calif. (March 1, 2010)—Toyo Tire U.S.A. Corp. and Nitto Tire U.S.A. Inc. have posted details on their corporate Web sites about the tire recalls they have announced.
