Tires

Icahn sweetens Pep Boys offer with vow to top Bridgestone

11:35 am U.S. ET | Dec. 23, 2015

Billionaire investor Carl Icahn sweetened his offer to acquire Pep Boys with a promise to top any bid from Bridgestone up to about $1.01 billion....
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Ford worker in Ohio charged with stealing tire sensors, selling them on eBay

9:58 am U.S. ET | Dec. 11, 2015

A Cleveland-area auto worker has been indicted for allegedly stealing thousands of tire sensors at a Ford plant and selling them on eBay, causing a brief interruption in vehicle production....
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Continental invests 250 million euros to expand China tire plant

Nov. 25, 2015 11:28 CET

Continental has started expanding its tire plant in China with an investment of 1.7 billion yuan (250 million euros) in a bid to boost annual output by 40 percent at the factory by 2017....
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Beijing angered by U.S. duties on Chinese tires

7:26 am U.S. ET | June 15, 2015

China's Commerce Ministry today blasted the U.S. for imposing duties on certain automobile and light truck tires imported from China, calling the move "unreasonable" and damaging to world trade....
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U.S. slaps duties on Chinese tires for cars, light trucks

5:33 pm U.S. ET | June 12, 2015

The United States on Friday imposed duties on certain car and light truck tires imported from China after finding they were being dumped at below-market value and unfairly subsidized by Beijing....
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Goodyear, Sumitomo to dissolve global tire alliance

12:07 pm U.S. ET | June 4, 2015

Goodyear and Sumitomo Rubber Industries have agreed to dissolve their 16-year-old global tire alliance, with Goodyear to pay SRI $271 million initially and $55 million in three years' time....
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Francois Michelin dies at age 88

9:24 am U.S. ET | April 29, 2015

Francois Michelin, who headed the French tire giant that bears his family name for 47 years, died Wednesday at age 88....
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Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector....
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ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET

The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange. A counterbid for Pirelli would hurt the Italian firm's investors and long-term strategy, he warned....
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Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET

Pirelli has a strong future with China National Chemical Corp. and is not talking to others about a possible counterbid, CEO Marco Tronchetti Provera said. ChemChina agreed to become the majority owner of the world's fifth-largest tire maker in an $8 billion deal. The market speculated that Bridgestone could be putting together a counterbid....
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Pirelli to be bought by ChemChina in $7.7 billion deal

March 23, 2015 09:37 CET

China National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle....
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NICK GIBBS

BLOG: How Michelin may give Europe's SUV craze even more traction

12:01 am U.S. ET | March 13, 2015

Michelin has developed a tire that could give even more traction to Europe's SUV craze....
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