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    Latest from Suppliers

    MTD
    “The strong year-on-year growth in Group business profit reflects successful efforts to increase sales volume, realize more optimal product prices and expand sales of consumer tires with sizes of 18-inches or larger,” Yokohama said in its report.
    Suppliers

    Yokohama Hit Record Profit Highs in 2024

    Joy Kopcha
    Feb. 19, 2025
    Yokohama Rubber Co. Ltd. attributes its double-digit business profit success to increased sales volume, optimized pricing and sales of 18-inch and larger consumer tires.
    Bridgestone Americas Inc. 
    In North America, Bridgestone Corp.’s reports that it “reduced (its) overall sales volume” versus prior-year, “while promoting continuous improvement” in its mix of premium tires.
    Suppliers

    Bridgestone Posts Full-Year 2024 Results 

    Feb. 19, 2025
    Bridgestone Corp. posted global revenue of $28.9 billion during 2024, up on a year-over-year basis.
    Autel U.S.
    Mercedes-Benz is the latest automaker to authorize Autel tablets to access SGW-protected systems via AutoAuth. Technicians can also access Nissan and Stellantis (Chrysler, Dodge, Jeep, Ram, Fiat, Alfa Romeo and Maserati) vehicles with an SGW through an AutoAuth-registered Autel tablet.
    Suppliers

    Autel Tablets Gain AutoAuth Certification for SGW Access for Mercedes-Benz

    Feb. 17, 2025
    Autel U.S. has announced its tablets have been certified by the Auto Authentication Authority (AutoAuth) to access Mercedes-Benz vehicles’ security gateway (SGW).

    Latest From Suppliers

    MTD
    Among other initiatives, Tire Toyo Corp. will continue to pursue what it calls “flexible and speedy business operations in North America and other markets that have potential for further growth,” according to Toyo officials.
    Suppliers

    Toyo Hit Record Sales in 2024 

    Feb. 14, 2025
    Toyo Tire Corp. achieved $3.71 billion in sales during 2024, up 2.3% from 2023 levels and a record high for the company.

    MTD
    Goodyear CEO and President Mark Stewart said the tiremaker will add SKUs, update five power lines and invest in the modernization of its Lawton, Okla. tire plant.
    Suppliers

    Goodyear to Invest in New Products and U.S. Plant in 2025

    Joy Kopcha
    Feb. 14, 2025
    Goodyear Tire & Rubber Co. CEO and President Mark Stewart said Goodyear will introduce five power lines to markets around the world, add nearly 200 SKUs “in the high end, highly...

    Goodyear Tire & Rubber Co.
    Goodyear made gains in profits in 2024, but both tire sales and tire unit volumes were down for the year.
    Suppliers

    Goodyear Made Profit Gains, But Tire Units Lagged in 2024

    Joy Kopcha
    Feb. 14, 2025
    Goodyear Tire & Rubber Co. recorded net sales of $18.8 billion in 2024, a 5.9% drop from the previous year. The tiremaker sold 3.9% fewer tires than it did in 2023.

    MTD
    Michelin Group’s sales and income during 2024 “were supported by a powerful improvement in mix, despite soft tire volumes,” according to Michelin officials.
    Suppliers

    Michelin Posts 2024 Results 

    Feb. 13, 2025
    Michelin Group achieved $28.4 billion in sales and slightly more than $3.5 billion in segment operating income during 2024.

    Goodyear Tire & Rubber Co.
    David Anckaert, a 25-year Goodyear veteran, has been named the chief of product strategy and planning.
    Suppliers

    Goodyear Names Chief of Product Strategy and Planning

    Feb. 11, 2025
    A Goodyear Tire & Rubber Co. executive who has worked for the tiremaker for a quarter century has been named the chief of product strategy and planning.

    Bridgestone Americas Inc.
    Bridgestone has provided Porsche Panamera drivers with two fitments – the 21-inch Bridgestone Portenza Sport Tire and the bespoke 20-inch Bridgestone Blizzak LM005 (pictured) winter fitment.
    Suppliers

    Bridgestone Creates Custom Tires for Porsche

    Feb. 6, 2025
    Bridgestone Americas Inc. has been chosen by Porsche to develop bespoke tires for its new Macan Electric and Panamera models.

    Goodyear Tire & Rubber Co.
    Goodyear says moving TBR tire production from its Danville, Va. plant will cost up to $140 million, most of which will be spent on employee charges. The tiremaker says it will result in an annual improvement in its Americas segment operating income of $65 million beginning in 2026.
    Suppliers

    Goodyear TBR Plant Changes to Cost $130 Million+

    Joy Kopcha
    Feb. 5, 2025
    Goodyear Tire & Rubber Co. will eliminate 850 jobs and incur pre-tax charges of at least $130 million as it moves medium truck tire production out of its Danville, Va. plant.

    Frederico Rostagno | Adobe Stock
    'There are too many moving parts to give predictions with any confidence,' Simon Heaney, Drewry’s senior manager, container research for Drewry, a leading shipping industry consultant with offices in China, India, Singapore and the United Kingdom, recently told MTD.
    Suppliers

    Will Trump Tariffs Impact Freight Rates?

    Feb. 5, 2025
    It's too early to tell if new tariffs levied on China will cause transpacific freight rates to rise, says a shipping industry expert.

    Hankook Tire America Corp. 
    In North America, high-diameter passenger and light truck tires comprised 55.8% of Hankook’s sales during the fourth quarter of 2024, an increase from 52.8% during the same period in 2023.
    Suppliers

    Hankook Posts Sales, Operating Profit Gains 

    Feb. 4, 2025
    Hankook Tire & Technology Co. Ltd. achieved slightly more than $6.4 billion in revenue during 2024, a 5.3% year-over-year increase.

    Tommy Jeffers | Dreamstime.com
    'We recognize that many tires are imported and that tariffs will undoubtedly affect the (tire) industry,' said Roy Littlefield IV, the Tire Industry Association's vice president of government affairs. 'However, the extent and specifics of that impact cannot be determined at this time. TIA will continue to monitor the situation closely.'
    Home

    Trump Tariff Situation 'Fluid,' Says TIA

    Feb. 3, 2025
    It's difficult to predict the impact of the Trump tariffs levied on Canada, Mexico and China, according to the Tire Industry Association.

    MTD
    Newly issued tariffs “will have a direct and negative impact on American businesses and consumers,” says Bill Hanvey, president and CEO of the Auto Care Association.
    Suppliers

    Tariffs Will Hurt Aftermarket, Consumers, Says Hanvey

    Feb. 3, 2025
    Bill Hanvey, Auto Care Association president and CEO, says new tariffs could have a “serious impact” on both the automotive aftermarket and consumers.

    Palinchak
    President Donald Trump has placed 25% tariffs on imports from Canada and Mexico and assigned an additional 10% levy on products made in China.
    Suppliers

    Trump Tariffs: A Look at the Numbers

    Feb. 3, 2025
    Here’s a look at the number of tires that Mexico, Canada and China exported to the United States in 2024.

    Prinx Chengshan Tire North America Inc.
    “At Fortune Tires, we believe in pushing boundaries and delivering excellence, both on the road and in the communities we serve,” says Samuel Felberbaum (left), president of Fortune Tires.
    Suppliers

    Fortune Now Official Tire of the AHL

    Feb. 3, 2025
    Prinx Chengshan Tire North America Inc. has announced a partnership with the American Hockey League.

    BendPak Inc.
    According to BendPak officials, the 12AP-SRT can raise 99% of cars, SUVs and trucks to a comfortable working height. The lift stands at 93.5 inches tall and offers a 47-inch maximum lifting height.
    Suppliers

    BendPak Introduces 12AP-SRT Lift

    Jan. 30, 2025
    BendPak Inc. has introduced its 12AP-SRT, a professional-grade short-rise two-post lift designed for tire shops and other applications.