CARACAS, Venezuela— Tire maker Bridgestone is selling its business in Venezuela after six decades in the country, the latest blue chip company to abandon the country as a result of runaway inflation and strict currency controls. Bridgestone Americas says in a statement Monday that it is selling its Venezuela assets to Grupo Corimon, a local industrialist. » Read More
The acquisition would create the world's seventh largest tire company, reports CNBC's David Faber.
Workers at a dying French tire factory who have become the butt of American jokes staged a last-ditch protest to save their jobs.
The head of U.S. tire maker Titan launched a vitriolic attack on French productivity after the country’s government suggested he buy a factory in the north of France.
Michelin CEO, Pete Selleck discusses his company's new plant in South Carolina and the 500 jobs it will provide.
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.
The bulls are betting that Titan International is ready to run.
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