Tires & Rubber

Cooper Tire Launches New Roadmaster RM258 WD™ Winter Drive Tire for Regional Haulers

Wednesday, July 1, 2020 - 1:00pm

For optimum winter traction performance, Cooper Tires Roadmaster brand has introduced the Roadmaster RM258 WD.

Key Points: 
  • For optimum winter traction performance, Cooper Tires Roadmaster brand has introduced the Roadmaster RM258 WD.
  • Helping the tire achieve that rating are shoulder notches and chevron grooves for excellent bite in winter conditions.
  • View the full release here: https://www.businesswire.com/news/home/20200701005040/en/
    The new Roadmaster RM258 WD provides optimum winter traction performance for regional haul applications.
  • (Photo: Business Wire)
    This Roadmaster tire is all about traction, said Gary Schroeder, Executive Director of Coopers Global Truck and Bus Tire Business.

Analysis of the COVID-19 Impact: Automotive Racing Tire Market 2020-2024 | Growing Popularity of Racing Events in Emerging Economies to Augment Growth | Technavio

Monday, June 29, 2020 - 7:30pm

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
  • Growing popularity of racing events in emerging economies has been instrumental in driving the growth of the market.
  • Automotive Racing Tire Market 2020-2024: Segmentation
    Automotive Racing Tire Market is segmented as below:

U.S. Auto Parts Network Selected for Russell 2000 Index

Monday, June 29, 2020 - 11:13am

As of June 26, 2020, the Russell 2000 includes U.S. Auto Parts Network (NASDAQ: PRTS), and its flagship website, CarParts.com as new additions to the index.

Key Points: 
  • As of June 26, 2020, the Russell 2000 includes U.S. Auto Parts Network (NASDAQ: PRTS), and its flagship website, CarParts.com as new additions to the index.
  • The Russell 2000 Index is a capitalization-weighted stock market index maintained by FTSE Russell that benchmarks the U.S. stock market.
  • "We are proud to be included in the Russell 2000 Index, said Lev Peker, CEO of U.S. Auto Parts Network.
  • U.S. Auto Parts Network and CarParts.com are the leading online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories.

Global Tire Material Industry (2019 to 2027) - Market Trajectory & Analytics - ResearchAndMarkets.com

Friday, June 26, 2020 - 10:59am

The "Tire Material - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Tire Material - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review).
  • An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry.
  • In Japan, the Elastomers segment will reach a market size of US$1.4 Billion by the close of the analysis period.

Analysis of the Impact of COVID-19 on Butyl Rubber Market 2020-2024 | Increasing Demand For Synthetic Rubber to Augment Growth | Technavio

Wednesday, June 24, 2020 - 12:45am

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • View the full release here: https://www.businesswire.com/news/home/20200623005732/en/
    Technavio has announced its latest market research report titled Global Butyl Rubber Market 2020-2024 (Graphic: Business Wire).
  • Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied.
  • Increasing demand for synthetic rubber has been instrumental in driving the growth of the market.

Superior Announces Successful Execution of Cost Measures, Efficient Restart of Operations, and Strong Liquidity – Well-Positioned for Second Half of 2020

Tuesday, June 23, 2020 - 12:30pm

The Companys manufacturing operations have successfully managed through the challenges of an extended shutdown and efficient restart.

Key Points: 
  • The Companys manufacturing operations have successfully managed through the challenges of an extended shutdown and efficient restart.
  • These cost initiatives are expected to benefit 2020 results by approximately $40 million.
  • Accordingly, for the second quarter of 2020, Superior anticipates net income to be negative and Adjusted EBITDA2 to be slightly negative.
  • Superior continues to maintain a robust liquidity position, supported by availability on revolving credit facilities and cash on hand.

FCPT Announces Acquisition of a Big O Tires Property for $2.7 Million

Friday, June 19, 2020 - 9:19pm

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a corporate-operated Big O Tires property for $2.7 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a corporate-operated Big O Tires property for $2.7 million.
  • The property is located in a strong retail corridor in Minnesota and is occupied under a triple-net lease with approximately 5 years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • The Company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and retail industries.

Burden of COVID-19 on the Market & Rehabilitation Plan | Two-wheeler Tire Market 2019-2023 | Demand for Quality Tires to Boost Growth | Technavio

Wednesday, June 17, 2020 - 3:00pm

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.
  • Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
  • Demand for quality tires has been instrumental in driving the growth of the market.

Openbay Rolls Out Automotive Service Industry’s First Online Chat Platform Featuring a Tire Catalog and Automotive Services

Wednesday, June 17, 2020 - 2:00pm

Openbay , Inc. an industry-leading automotive service marketplace and SaaS company, today announced the availability of a tire catalog and new updates to its advanced online chat platform, Openbay Otis .

Key Points: 
  • Openbay , Inc. an industry-leading automotive service marketplace and SaaS company, today announced the availability of a tire catalog and new updates to its advanced online chat platform, Openbay Otis .
  • Important information can be conveyed to website visitors such as safety precautions a business is taking to service vehicles during the COVID-19 pandemic.
  • Having an advanced online chat platform that can instantly deliver information such as tire services and safety precautions builds trust relationships with todays digital-first consumers now and in the future.
  • Automotive service providers from independents to large, multi-location businesses can partner with Openbay to offer a tire shopping experience for a digital-first consumer.

Cooper Tire to Relocate Indiana-based Regional Distribution Center from Franklin to Whiteland

Tuesday, June 16, 2020 - 2:00pm

Cooper Tire & Rubber Company announced today that it will open a new 1 million-square-foot regional distribution center in Whiteland, Ind.

Key Points: 
  • Cooper Tire & Rubber Company announced today that it will open a new 1 million-square-foot regional distribution center in Whiteland, Ind.
  • warehouse, will replace the Franklin site with all employees expected to transition to the new location.
  • We are excited to build a larger regional distribution center in this key location to ensure we continue to provide our customers with exceptional service through enhanced logistics capabilities, said Mike Calabro, Executive Director North America Supply Chain for Cooper Tire.
  • The Whiteland distribution center will be one of six regional distribution centers operated by Cooper in the U.S.