TIres (Page 2)

Continental’s 2018 Earnings Dip Slightly on Higher Sales

Continental AG posted net income of 2.9 billion euros on net sales of 44.4 billion euros for its fiscal year ended Dec. 31, 2018. That compares to income of 3 billion euros on sales of 44 billion euros for fiscal 2017. Based on the exchange rate on Dec. 31, 2018, Continental recorded net income of $3.3 billion on net sales of $50.4 billion for fiscal 2018. The company's income-to-sales ratio was 6.5%. Continental's Automotive Group sales totaled 26.8 billion euros ($30.8 [...]

Yokohama to unveil two commercial tires at TMC Show

SANTA ANA, Calif. — Yokohama Tire Corp. plans to unveil a deep-tread drive-axle tire and a regional haul trailer tire during the American Trucking Associations' Transportation Maintenance Council (TMC) Show, to be held March 18-21 in Atlanta. Both tires — 712L long-haul drive and 114R UWB regional haul — are SmartWay-verified low-resistance products and are considered long lasting and fuel efficient, Yokohama said. The 712L, which will be manufactured at Yokohama's plant in West Point, Miss., will be available April 1 [...]

Toyo to raise U.S. truck tire prices 5% on May 1

CYPRESS, Calif. — Toyo Tire U.S.A. Corp. is raising dealer base prices May 1 on its commercial tire range by an average of 5 percent, with the exception of the Toyo M320 on-/off-road tire. "Further government actions have made it necessary to adjust our commercial tire prices," said Randy Gaetz, senior vice president, sales, referring to the recent imposition of elevated import duties on tires sourced from [...]

Once Again, the Top Truck Tire Size Is 295/75R22.5

Guess what the most popular original equipment and replacement truck tire sizes in the U.S. were in 2018? Here's a hint: The were the same as in 2017. And 2016. And 2015. According to the preliminary edition of the latest U.S. Tire Manufacturers Association (USTMA) Factbook, the same five OE truck tire sizes -- in the same order -- have topped the truck tire size list for the last four years: Top 5 OE Truck Tire Sizes in the U.S. in [...]

Commerce issues import duties on truck/bus tires from China

SOURCE : TIRE BUSINESS WASHINGTON — The U.S. Department of Commerce has handed down final countervailing and antidumping duty orders on truck and bus tires from China, two weeks after the International Trade Commission (ITC) reversed its original determination on the issue. The duties — ranging from 20.98 to 63.34 percent countervailing and 9 to 22.57 percent antidumping — take effect immediately, according to notices published [...]

Yokohama’s 2018 Earnings Fall on Slightly Higher Sales

Yokohama Rubber Co. Ltd. posted net income of 35.6 billion yen on net sales of 650.2 billion yen for the fiscal year ended December 31, 2018. That compares to income of 40.0 billion yen on sales of 646.3 billion yen in fiscal 2017. Based on the Dec. 31, 2018, exchange rate, Yokohama record net income of $322.0 million on sales of $5.9 billion. The company’s income-to-sales ratio was 5.5%. The company’s earnings were down 10.9% and operating profit fell 1.4% versus [...]