Tire Business - Tire Industry News, Manufacturing News & Analysis
U.S. Trade Representative Katherine Tai has requested a Rapid Response Labor Mechanism dispute panel to review what the U.S. government believes is an ongoing labor dispute at a Pirelli tire manufacturing plant in Mexico.
Wholesaler K&M Tire acquires K&W | Tire Business
Sep 9, 2024 · K&M has acquired Lancaster, Pa.-based K&W Tire. DELPHOS, Ohio — K&M Tire Inc. has acquired K&W Tire Inc., a Lancaster, Pa.-based wholesaler with six distribution centers in the Northeast, including three in Pennsylvania.
Top 100 tire retail dealerships in North America in 2024
Oct 25, 2024 · AKRON — While the retail tire and auto repair sector lacked a blockbuster acquisition over the past 12 months on the scale of Mavis Tire Express' 2023 takeover of TBC Corp.'s retail assets, merger/acquisition activity still played a role in determining who's who in the 2024 Top 100 Dealerships Ranking.
Market Data Book: U.S. Tire market sales peaked in 2023 - Tire …
Mar 1, 2024 · That's not to say it's all doom and gloom, as a "down" 2023 performed better than a "solid" pre-pandemic 2019. One bright spot last year was the passenger tire segment, where aftermarket shipments ended the year up 2.4% ahead of 2022, thanks in large part to a strong demand surge in the fourth quarter.
Galileo Wheel launches SkidCup airless tires | Tire Business
Nov 20, 2024 · CAESAREA, Israel — Galileo Wheel Ltd., the maker of CupWheel technology for off-road tires, has launched SkidCup, an airless tire for skid steers and loaders. The company claims it is the first major structural change in industrial tire design since the adoption of run-flat tires in the 1970s.
Dobbs Tire expands into Texas, acquires ASC | Tire Business
Oct 10, 2024 · ST. LOUIS — Dobbs Tire & Auto Centers Inc. has expanded its reach into the Lone Star State, acquiring Automotive Super Center (ASC) and its seven locations in Texas.. High Ridge, Mo.-based Dobbs said this marks its first acquisition under the "buy-and-build strategy" that the dealership said seeks to "scale and consolidate the highly fragmented tire and automotive service industry."
Goodyear, Continental among ATD's largest creditors
Oct 23, 2024 · HUNTERSVILLE, N.C. — Goodyear and Continental Tire North America Inc. are owed more than a combined $200 million in unsecured credit by American Tire Distributors Inc. (ATD), according to a document published by Donlin Recano & Co., Inc., the claim agent retained by ATD after its most recent filing for Chapter 11 bankruptcy protection.. Goodyear's unsecured claim is listed at more than $121. ...
U.S. raises duties on Thai truck/bus tires - Tire Business
Oct 17, 2024 · The U.S. Department of Commerce has finalized import duties on truck and bus tires from Thailand at rates measurably higher than the preliminary rates disclosed earlier in the year.
Les Schwab Tire Centers owners consider sale | Tire Business
Aug 14, 2024 · BEND, Ore. — One of the largest independent tire dealerships in the U.S. could be on the market — again. According to a report by Reuters, Meritage Group L.P., a California- and New York-based investment group, is considering selling its stake in Les Schwab Tire Centers, which it acquired in late 2020 for a reported $3 billion.. Sources told Reuters that the retail chain, which operates ...
ATD files for Chapter 11 bankruptcy protection
Oct 23, 2024 · HUNTERSVILLE, N.C. — American Tire Distributors Inc. (ATD) filed for Chapter 11 bankruptcy protection for the second time since 2018.. ATD, the largest independent wholesale tire distributor in the U.S. with 2023 sales of $5.7 billion, called the voluntary filing — made in the U.S. Bankruptcy Court for the District of Delaware — a …