Tire Business - Tire Industry News, Manufacturing News & Analysis
Specialty Equipment Market Association (SEMA) members generated $53 billion last year, a number that should grow in 2025 if manufacturers adapt to changing economics impacts, more CUVs and the youth movement.
Tire Business ranks the Top 75 tire makers of 2024
Aug 23, 2024 · Group Michelin remained the top tire maker in the world for the fifth year in a row, based on estimated fiscal 2023 tire sales revenue.. The Clermont-Ferrand, France-based company generated $27.5 billion in revenue last year to lead all tire makers, finishing roughly $2 billion ahead of Tokyo-based Bridgestone which had estimated sales of $25.5 billion.
Top 100 tire retail dealerships in North America in 2024
Oct 25, 2024 · Big Brand Tire & Service's purchase of Tires To You, an Austin, Texas-based dealership with seven locations throughout the Austin area.; Dobbs Tire & Auto Centers Inc.'s acquisition of Longview, Texas-based Automotive Super Center (ASC) and its seven retail stores.; Sullivan Tire and Auto Service's purchase of seven Stratham Tire commercial/retail stores in Maine and New Hampshire.
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.
Continental board approves automotive group spin-off | Tire …
Dec 9, 2024 · HANOVER, Germany — Continental A.G.'s executive board has approved plans to spin off the company's automotive group sector — which represents nearly half of Conti's annual sales revenue — following a detailed evaluation launched in early August.. Subject to approval by the supervisory board in March 2025, the spin-off is expected to take place by year-end 2025, Continental announced Dec. 9.
Happy anniversary: Tire industry milestones in 2024
Dec 20, 2024 · Nokian Tyres P.L.C broke ground on its first plant in North America in 2019, and five years later, the plant is flourishing. The workforce has grown from an initial group of 60 to 500 at the Southeast Tennessee plant.The company said that since that time, it has manufactured millions of tires, been lauded for its sustainable operations, …
Sumitomo Rubber Industries to close Tonawanda, NY tire plant
Nov 7, 2024 · Citing its inability to make tires profitably at its Tonawanda, N.Y., factory, Sumitomo Rubber Industries has decided to close the 102-year old factory which has 1,300 hourly workers.
The Book is out now: 2024 Tire industry defined by data
Dec 13, 2024 · The Tire Business' fifth annual THE Book is a collection of our data gathered on the tire industry in 2024, along with a look ahead at the trends impacted our industry in 2025.
Les Schwab's tire warranty now included at no cost
Jul 17, 2024 · A technican works on a vehicle at a Les Schwab Tire Center. Les Schwab has more than 541 locations across 12 states: Alaska, California, Colorado, Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming.
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. ...