Tires & Rubber

Monro, Inc. to Report Third Quarter Fiscal 2024 Earnings on January 24, 2024

Retrieved on: 
Wednesday, January 10, 2024
Aftermarket, Retail, Automotive, General Automotive, Tires & Rubber, Specialty

Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2024 third quarter earnings on January 24, 2024.

Key Points: 
  • Monro, Inc. (Nasdaq: MNRO), a leading provider of automotive undercar repair and tire services, will release its fiscal 2024 third quarter earnings on January 24, 2024.
  • The Company will host a conference call and audio webcast on Wednesday, January 24, 2024 at 8:30 a.m. Eastern Time.
  • The conference call may be accessed by dialing 1-833-470-1428 and using the required access code of 849052.
  • A replay can also be accessed via audio webcast at the Investors section of the Company’s website, located at corporate.monro.com/investors .

Vontier Announces Divestiture of the Coats Company

Retrieved on: 
Tuesday, January 9, 2024
Mobile, Wireless, Sustainability, Alternative Vehicles, Fuels, Aftermarket, Technology, Automotive, Environment, Other Transport, Engineering, Transport, Tires & Rubber, Manufacturing, Sale, VNT, Cryptocurrency

Financial results for the Coats business are reported within the “Other” segment in Vontier’s financials and will be excluded from continuing operations as of the completion date.

Key Points: 
  • Financial results for the Coats business are reported within the “Other” segment in Vontier’s financials and will be excluded from continuing operations as of the completion date.
  • The Coats Company is a leading global manufacturer of wheel service, alignment, lift and inspection equipment for the automotive market under the iconic Coats brand.
  • Drawing on over 70 years of expertise, market perspective, and innovative engineering, Coats keeps repair shops, tire dealers, big box retailers, and car dealerships rolling and ready for rapid industry evolution.
  • Victor Capital Partners is a leading middle market private equity firm investing in specialty consumer, industrial technology, and business services companies.

Haig Partners Serves as the Exclusive Sell-Side Advisor to Team Automotive Group on the Sale of Team Chevrolet GMC Boone, NC

Retrieved on: 
Tuesday, January 9, 2024
Other Automotive, Tires & Rubber, Recreational Vehicles, Performance & Special Interest, Off-Road Trucks & SUVs, Motorcycles, Fleet Management, Legal, REIT, EV, Electric Vehicles, Aftermarket, Finance, Automotive, Banking, Accounting, Professional Services, Trucking, Vehicle Technology, Transport, General Automotive, Construction & Property, Automotive Manufacturing, Manufacturing, Appalachian State University, Team, Partner, Underwood, GM, CPA, PLLC, Sale, GMC, GMS, American City Business Journals, Pleasure, Growth, Sales

Haig Partners LLC , the leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Team Automotive Group on the sale of Team Chevrolet GMC Boone to Keffer Automotive Group of Charlotte, NC.

Key Points: 
  • Haig Partners LLC , the leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Team Automotive Group on the sale of Team Chevrolet GMC Boone to Keffer Automotive Group of Charlotte, NC.
  • Team Automotive Group is a family-owned dealership group headquartered in Charlotte, NC, with locations throughout the Carolinas.
  • In addition to Team Chevrolet GMC Boone, John advised us on divesting Team Chevrolet of Creedmoor, NC, late in 2023.
  • "I would also like to extend a sincere thank you to Jim Keffer and Keffer Automotive for making this such a smooth transition for the Team Chevrolet GMC Boone team.

Liberty Tire Recycling Announces New President and Chief Commercial Officer

Retrieved on: 
Tuesday, January 9, 2024
Recycling, Automotive, Other Automotive, Environment, Tires & Rubber, Sustainability, Procter, P&G, Meurer, Procter & Gamble, Tire

Liberty Tire Recycling announced today Andrew Meurer joined the company as President and Chief Commercial Officer.

Key Points: 
  • Liberty Tire Recycling announced today Andrew Meurer joined the company as President and Chief Commercial Officer.
  • Meurer joins Liberty after more than 12 years at Michelin, most recently as Vice President of Sales for the North American Passenger Tire Division.
  • Meurer will spearhead Liberty's efforts to collaborate with tire manufacturers and tire retailers to expand existing and design new sustainable end-of-life solutions for tires.
  • "Andrew is the right person for the next phase of Liberty," said Thomas Womble, CEO of Liberty Tire Recycling.

Goodyear and Gatik Further Advance Safety of Autonomous Vehicles With Tire Intelligence Integration

Retrieved on: 
Tuesday, January 9, 2024
Delivery Services, Vehicle Technology, Engineering, Data Management, Automotive Manufacturing, General Automotive, Technology, Logistics, Supply Chain Management, Manufacturing, Retail, Other Automotive, Tires & Rubber, Autonomous Driving, Vehicles, Alternative Vehicles, Fuels, Artificial Intelligence, Fleet Management, Other Transport, Trucking, Automotive, Transport, Software, Global Operations, Health, Multimedia, Partnership, AVS, Intelligence, Proving ground, Environment, CPG, B2B, Movement, Safety, Road

The Goodyear Tire & Rubber Company, a leader in connected mobility, and Gatik (Gatik AI, Inc.), the leader in autonomous middle mile B2B logistics, announced the expansion of the industry’s first, successful integration of tire intelligence technology into an autonomous driving system.

Key Points: 
  • The Goodyear Tire & Rubber Company, a leader in connected mobility, and Gatik (Gatik AI, Inc.), the leader in autonomous middle mile B2B logistics, announced the expansion of the industry’s first, successful integration of tire intelligence technology into an autonomous driving system.
  • (Photo: Business Wire)
    Gatik's autonomous fleet, consisting of Class 3–7 box trucks, has made significant strides in enhancing the safety, accuracy and overall performance of autonomous vehicles (AVs).
  • Equipping the fleet’s Goodyear Endurance® RSA® tires with Goodyear SightLine technology, the company’s comprehensive tire intelligence solution, enables Gatik to advance the safety and overall accuracy of its efficient fleet operations, while also improving delivery uptime and reliability.
  • Goodyear and Gatik have future plans to incorporate Goodyear's advanced predictive road condition monitoring solution into Gatik’s autonomous driving system.

Liberty Tire Recycling Announces Acquisition of Empire Tire and McGee Tire of Central Florida

Retrieved on: 
Thursday, January 4, 2024
Sustainability, Environment, Environmental, Social and Governance (ESG), Automotive, Recycling, Environmental Health, Professional Services, Tires & Rubber, Acquisition, Tire, Region, Organization, Table tennis rubber

Liberty Tire Recycling today announced the acquisition of “Empire Tire of Edgewater” in Orlando, Florida and “McGee Tire” located in Apopka, Florida.

Key Points: 
  • Liberty Tire Recycling today announced the acquisition of “Empire Tire of Edgewater” in Orlando, Florida and “McGee Tire” located in Apopka, Florida.
  • Liberty’s acquisition of Empire and McGee—leading central-Florida scrap tire collectors, graders, and haulers—expands the company's already robust footprint in the state into the growing central Florida market.
  • We are thrilled to continue their legacy of excellence,” said Thomas Womble, CEO of Liberty Tire Recycling.
  • “Adding Empire and McGee to the Liberty team has created a truly world-class operation here in Florida.” said David Cannon, Regional Vice President of Liberty.

FCPT Announces Sale-Leaseback of a Tire Discounters Property for $1.8 Million

Retrieved on: 
Friday, December 29, 2023
Retail, Automotive, Other Retail, Tires & Rubber, Commercial Building & Real Estate, Construction & Property, REIT, Acquisition, Tire Discounters, Sale

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Tire Discounters property for $1.8 million via sale-leaseback transaction.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Tire Discounters property for $1.8 million via sale-leaseback transaction.
  • Tire Discounters is the country’s largest family-owned and operated automotive service provider, with its brands currently operating over 200 locations and growing.
  • The property is located in Kentucky, and is corporate-operated under a long-term, triple net lease.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.

Bridgestone Completes Sale of Russian Assets to S8 Capital

Retrieved on: 
Wednesday, December 20, 2023
Automotive Manufacturing, Manufacturing, Tires & Rubber, General Automotive, Automotive, Marketing, Sale

Bridgestone Europe NV/SA announced the sale of its Russian assets to S8 Capital, a Russian diversified holding company.

Key Points: 
  • Bridgestone Europe NV/SA announced the sale of its Russian assets to S8 Capital, a Russian diversified holding company.
  • Since the company’s first announcement in March 2022, Bridgestone has continued to support its Russian employees by paying their salaries and employee benefits in full.
  • This is in line with the values promoted by the Bridgestone E8 Commitment and in recognition of its employees’ contribution over the years.
  • The impact of the transfer of its assets to S8 Capital on its consolidated projections for 2023 is to be minor.

High-Voltage, Automotive-Compliant, Hall-Effect Latches from Diodes Incorporated Provide Improved Resistance to Physical Stress

Retrieved on: 
Tuesday, December 19, 2023
Technology, Semiconductor, Automotive, General Automotive, Engineering, Automotive Manufacturing, Manufacturing, Tires & Rubber, Hardware, Documentation, DIOD, PPAP, SWP, AEC, BOP, Type, Magnet, IATF, ESD, Temperature, BRP, BLDC, HBM

Diodes Incorporated (Diodes) (Nasdaq: DIOD) adds the AH371xQ series of high-voltage Hall-effect latches to its product portfolio.

Key Points: 
  • Diodes Incorporated (Diodes) (Nasdaq: DIOD) adds the AH371xQ series of high-voltage Hall-effect latches to its product portfolio.
  • They are used for brushless DC (BLDC) motor control, valve operation, linear and incremental rotary encoders, and position-sensing functions.
  • These Hall-effect latches have an operating voltage range from 3V to 27V, with 40V load dump protection.
  • These new automotive-compliant Hall-effect latches from Diodes are AEC-Q100 Grade 0 qualified, manufactured in IATF 16949 certified facilities, and support PPAP documentation.

Explore Sensing and Mixed-Signal Solutions in Automotive and HealthTech by Asahi Kasei Microdevices at CES 2024

Retrieved on: 
Monday, December 18, 2023
Automotive Manufacturing, Wearables, Mobile Technology, Semiconductor, IOT (Internet of Things), Manufacturing, Audio, Video, Automotive, EV, Electric Vehicles, Software, Hardware, Electronic Design Automation, Consumer Electronics, Technology, Mobile, Wireless, Other Manufacturing, Health, Tires & Rubber, Health Technology, Las Vegas Convention Center, AKM Semiconductor, Inc., Electronics, Original equipment manufacturer, CES, Multimedia, Temperature, AKM, Video game

Asahi Kasei Microdevices (AKM) will return to CES® 2024, held at the Las Vegas Convention Center from January 9th to 12th.

Key Points: 
  • Asahi Kasei Microdevices (AKM) will return to CES® 2024, held at the Las Vegas Convention Center from January 9th to 12th.
  • AKM’s exhibit will focus on sensing and mixed-signal solutions for mobility and health tech, including an automotive audio demonstration and Millimeter-wave radar system.
  • View the full release here: https://www.businesswire.com/news/home/20231218101399/en/
    Asahi Kasei Microdevices CES booth concept.
  • There, they can engage with the AKM team, explore showcased offerings, and even participate in an interactive activity demonstrating AKM’s newly developed sensing and mixed-signal solutions for automotive mobility and health tech.