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As of 2:36 p.m. ET, Goodyear stock was up 13.9% on the news. Goodyear heats up Goodyear actually missed estimates on the top line, but investors were willing to overlook that as the company showed ...
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Goodyear announced plans to sell the assets of its Latin American off-road tire business to Titan Tire for $98.6 million, including the plant in São Paulo, Brazil and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand. This deal is similar to Titan's 2005 purchase of Goodyear's US farm tire assets.
The Kelly-Springfield Tire Company was an American manufacturer of tires for motor vehicles. It was founded in Springfield , Ohio by Edwin Kelly and Arthur Grant in 1894. It was acquired in 1935 by the Goodyear Tire and Rubber Company , who maintained it as a subsidiary until 1999 when it was integrated into Goodyear North America. [ 1 ]
In January 2016, after the dissolution of the partnership with Goodyear, the Sumitomo Rubber USA factory in Tonawanda, New York began to produce Falken Tire-branded tires. The Falken brand is considered a low-price brand tire in the North American market, rated as a Tier 3 tire by those in the industry.
In 2005, Titan purchased the farm tire business of Goodyear, and continues manufacturing Goodyear agricultural tires under license. This acquisition included the plant in Freeport, Illinois. Titan again expanded in 2006 with the purchase of Continental AG's off-the-road (OTR) tire assets in Bryan, Ohio. [3] Titan acquired it for about $53 ...
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