MUMBAI/ NEW DELHI, June 14- India's Apollo Tyres Ltd lost a third of its market value over two days as investors fretted over the debt it will take on to fund its $2.5- billion acquisition of U.S.-based Cooper Tire& Rubber Co.» Read More
Feb 12- Goodyear Tire& Rubber Co, the top U.S. tire maker, posted a stronger-than-expected quarterly profit on Tuesday but cut its 2013 forecast due to weakness in the European automotive market.
Feb 12- Goodyear Tire& Rubber Co, the top U.S. tire maker, on Tuesday posted a stronger-than-expected quarterly profit, but cut its 2013 forecast due to weakness in the European automotive market. Excluding one-time items, Goodyear earned 39 cents a share, almost double the 20 cents analysts polled by Thomson Reuters I/B/E/S had expected.
LONDON, Jan 25- Hedge fund short-sellers have hoovered up nearly all available shares in Peugeot in their scramble to bet the French carmaker will be an early victim in an industry struggling to overcome a collapse in European sales.
STOCKHOLM, Jan 14- SKF, the world's biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts.
Michelin CEO, Pete Selleck discusses his company's new plant in South Carolina and the 500 jobs it will provide.
Jeff Middleswart, Behind the Numbers president, discusses the 13% drop in Goodyear stock this year, despite an improving economy and rising car sales.
Despite the lingering debt crisis and an incubating recession in many nations of the European Union, many global companies say they are maintaining or even increasing their investments in the euro zone and elsewhere on the Continent. The NYT reports.
"We know that 80% of the growth that's going to take place in the tire industry in the next 20 years will take place in emerging markets," says Pete Selleck, Michelin chairman/president, discussing his company's global outlook.
The bulls are betting that Titan International is ready to run.
See the top 10 ad icons of the 20th century as compiled by AdAge.com and recognizing "those images that have had the most powerful resonance in the marketplace."