Tire Business Report

A group of high school students had the opportunity to ride shotgun with a professional drift drivers at a community event held at Giti Tire's Richburg, S.C. plant.

Hankook cites supply-chain disruptions, raw materials costs and geopolitical issues for its lower earnings in the quarter ended March 31.

Despite the first-quarter earnings drop, Yokohama Rubber management is sticking with the full-year fiscal projections for 2022 issued in February.

Quebec tire recycling firm Royal Mat Inc., a producer of rubber crumb and crumb-based surfaces, has joined the Tire and Rubber Association of Canada.

Bridgestone has agreed to work with Hopium Inc. to develop low rolling-resistance tires for the Paris-based company's hydrogen-powered 'Machina' sedan.

Toyo Tire reported double-digit increases in sales and earnings for the quarter ended March 31, prompting management to raise its fiscal 2022 forecasts for both.

A federal judge in Illinois has voided most of the $110 million in damages awarded Atturo Tire Corp. last year in a protracted legal battle with Toyo Tire Corp. but kept in place judgments in compensatory and punitive damages.

Sumitomo Rubber is recalling close to 7,000 Sumitomo- and Falken-brand medium truck/bus tires sold in the U.S. since early to mid-2020.

Pirelli has downgraded its earnings outlook for the fiscal year despite double-digit growth in sales and earnings for the quarter ended March 31.

The Savoy Automobile Museum exhibition, "Pirelli: The Story of a Company–A 150‐Year History of Passion and Innovation," opened May 10. It runs through Sept. 4.

"We are extremely saddened that we have lost a member of our Michelin family," said Andrew Mutch, president of Michelin North America (Canada) Inc.

The global market for advanced driver assistance systems is projected to more than double by 2030, according to a new research report.

Hankook Tire & Technology has established a corporate governance charter with the intent to provide transparent environmental, social and governance management.

Michelin North America Inc.is recalling 144 Michelin Pilot Sport 4 ZP tires, citing a certification symbol production error for the cause.

Three longtime members of the Tire Industry Association's leadership team have received new titles as part of the group's organizational restructuring.