Titan posts first-quarter loss
QUINCY, Ill.-Tire and wheel maker Titan International Inc. reported a net loss of $2.87 million on sales of $123.7 million during the first quarter ended March 31.
In the like period in 2001, the Quincy-based firm had earnings of $228,000 on sales of $136 million.
Goodyear in red for period
AKRON-Goodyear posted a net loss of $63.2 million in the first quarter of 2002, citing on-going weakness in retail tire demand in North America and other key markets.
The Akron tire maker reported a net loss of $46.7 million in the same period in 2001.
Net sales slipped 3 percent to $3.31 billion during the quarter ended March 31, despite a less-than 1-percent increase in tire unit volume to 53 million units.