MILAN—Pirelli has disclosed its intention to reduce costs and contain investment under a 2020-22 industrial plan, to be presented in the first quarter next year.

TRELLEBORG, Sweden—Trelleborg unveiled a reorganization program that will reduce the number of business units it operates, a move it contends will boost profitable areas and strengthen areas where profitability is weak.

HYOGO, Japan—Bridgestone and Toyo have agreed to sell roughly half of the shares they hold in each other, a cross-holding that dates to a business and capital alliance the Japanese tire makers formed in 2008.

SEOUL, South Korea—Hankook Tire & Technology reported drops in pre-tax operating income, citing "weakened consumer confidence caused by the global economic downturn."

VIENNA—Despite slightly lower sales, Semperit reported a year-on-year increase in earnings for the first three quarters of the year.

FRANKFURT, Germany—Tristone Flowtech has won $101 million worth of business awards over the first nine months of 2019, with more than 40 percent of the deals relating to battery electric or hybrid passenger cars.

SINGAPORE—Natural rubber giant Halcyon Agri's third quarter financial results were hit by weakening natural rubber demand and low pricing, among other factors.

CLEVELAND—The Cleveland Clinic has received a $261 million gift—the largest in its history—from the Lord Foundation of Ohio.

DETROIT—While several auto suppliers took a direct financial hit from the UAW strike at General Motors, BorgWarner posted slightly higher third-quarter revenue, driven by new programs and a strong product mix in Europe and China.