Articles
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1 week ago |
tirebusiness.com | Bruce Davis
SAN ANTONIO — In a market overshadowed by the major retail tire chains, Polo Rodriguez Jr. seeks to differentiate his tire and auto service business by building lasting relationships with his customers. That strategy begins with instilling that philosophy with each employee at his two outlets in San Antonio — Polo's Point S and Extreme Point S. Rodriguez, 41, is a first-generation American and a second-generation tire dealer.
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2 weeks ago |
tirebusiness.com | Bruce Davis
CLERMONT-FERRAND, France — TBC Corp. generated 38.2% higher pre-tax operating income last year despite a 9.7% drop in sales revenue, according to Group Michelin, which co-owns TBC with Sumitomo Corp. of Americas (SCoA). TBC's pre-tax operating income (EBITDA) rose to $209 million on sales of $4.19 billion, yielding an operating ratio of 5%, up from 3.3% in fiscal 2023, Michelin's figures show.
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2 weeks ago |
tirebusiness.com | Bruce Davis
PALM BEACH GARDENS, Fla. — Mavis Tire Express Service Corp. is buying the Midas International franchise portfolio — considered one of the nation's largest automotive repair/tire retail businesses with systemwide sales of nearly $2 billion — from TBC Corp. The pending deal will expand Mavis Tire's retail reach to approximately 3,500 stores in the U.S. and Canada under its various brands, including up to 1,600 franchised locations, according to available data.
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3 weeks ago |
tirebusiness.com | Bruce Davis
AKRON — The verdict, finally, is in. It's a 25% tariff on passenger and light truck tires and — for now — 10% on all other tire types, with wholesale price hikes to follow.
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1 month ago |
rubbernews.com | Bruce Davis
KOBE, Japan—With global rights to the Dunlop brand secured, Sumitomo Rubber industries Ltd. (SRI) is embarking on a long-term growth strategy that will focus on leveraging premium tires and expanding the firm's non-tire business activities. The overriding goal of the new business plan, dubbed RISE 2035, is to double the firm's operating profit margin by 2035 into the 15 percent range, SRI documents show.
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