Michelin, BFGoodrich to increase tire prices
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GREENVILLE, S.C. Michelin North America Inc. plans to raise prices on Michelin- and BFGoodrich-brand passenger and light truck tires in the U.S. by up to 5 percent on Feb. 1 due to changing business dynamics of the U.S. market.
The increase will affect select commercial offers to fleet customers as well, Michelin said, and complements a price increase on Uniroyal brand passenger and light truck products that went into effect in November.
Michelin last raised prices on selected Michelin-, BFGoodrich- and Uniroyal-brand passenger and light truck tires on March 16, by up to 7 percent in the U.S. and 5 percent in Canada.
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GREENVILLE, S.C. Michelin North America Inc. plans to raise prices on Michelin- and BFGoodrich-brand passenger and light truck tires in the U.S. by up to 5% on Feb. 1 due to changing business dynamics of the U.S. market.
The increase will affect select commercial offers to fleet customers as well, Michelin said, and complements a price increase on Uniroyal brand passenger and light truck products that went into effect in November.
Michelin last raised prices on selected Michelin-, BFGoodrich- and Uniroyal-brand passenger and light truck tires on
March 16, by up to 7% in the U.S. and 5% in Canada.
SRNA: Tire demand may depend on stimulus, vaccine
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RANCHO CUCAMONGA, Calif. The first quarter of 2021 could be a red-hot market for tire sales if several external factors fall into place by then, according to Sumitomo Rubber North America Inc. executives. It s pure speculation but assuming we get another round of (government) stimulus, and I think the quasi-variable obviously is the COVID vaccine, and if the COVID vaccine is met with popularity and/or comfort with the population and government, we ll see things open up, Darren Thomas, senior vice president of sales and marketing for SRNA s Falken Tires, said during the company s COVID-19 Dealer Resource Forum, Dec. 2.
Year in Review: Trade dispute focuses on Asian P/LT tire imports
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The issue of importers allegedly dumping tires in the U.S. at unfair prices has been a hot topic for more than a decade, and 2020 was no different.
This time the main target was imports of passenger and light truck tires from South Korea, Taiwan, Thailand and Vietnam that were accused of being sold in the U.S. at less than fair value.
The United Steelworkers union filed antidumping and countervailing duty petitions May 12 with the Department of Commerce and the International Trade Commission. It alleged dumping margins on these types of tires as high as 217 percent for Thailand, 195 percent for South Korea, 147 percent for Taiwan and 33 percent for Vietnam.
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RANCHO CUCAMONGA, Calif. Sumitomo Rubber North America Inc. has promoted four veteran executives to new positions that reflect their important contributions to the tire brand.
The executives affected, and their new positions, are:
Darren Thomas, senior vice president and chief operating officer;
Rick Brennan, vice president of marketing;
Matt Leeper, vice president, four-wheel sales; and
Toby Beiner, vice president, finance. I congratulate my colleagues on their well-deserved promotions, as their hard work and result-oriented focus have helped SRNA become the highly successful company it is today, President and CEO Richard Smallwood said. Along with my other senior staff, I believe Falken Tires and Dunlop Motorcycle Tires are well-positioned to continue outperforming the market, building valuable OE partnerships, and providing the exceptional service our customers deserve.