Toyo Tire Corp. (TYO:5105) has announced that it will be raising prices on domestic aftermarket tire shipments from Aug. 1 onward. This comes as factors such as a labor shortage prompt a surge in distribution costs for the sector – a trend that looks set to continue going forward. The company has outlined a price hike of 3 percent to...
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Bridgestone Corp. (TYO:5108) recently attended a program reveal event in Adelaide, Australia, for the 2019 Bridgestone World Solar Challenge (BWSC). Held in Australia once every two years, the BWSC is the world’s most prominent solar car race. The event aims to promote technological innovation for solar-powered cars and help train young engineers. This year’s BWSC is scheduled for Oct. 13–20...
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Toyo Tire Corp. (TYO:5105) and its U.S. sales subsidiary Toyo Tire U.S.A. Corp. (TTC) are set to provide support for the 2019 Pikes Peak International Hill Climb, a race scheduled for June 30 in the U.S. The companies will support three teams taking part in the event’s Time Attack 1 Class and one team in the Exhibition Class, providing these...
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Bridgestone Corp. (TYO:5108) recently announced that it has struck a new deal for the supply of its VT-Tractor tires, a series of radial tires made for large agricultural tractors. The tire manufacturer will be providing these to Kubota Corp. (TYO:6236) for use in the tractor manufacturer’s M7-172 model, a large agricultural tractor that offers 170 horsepower and comes as part...
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Michelin Group and General Motors Co. (GM) recently announced that they have developed the Michelin Uptis Prototype, a new generation of airless wheel technology for passenger cars. The companies presented this prototype at the Movin’On Summit for 2019, a recent event aimed at achieving more sustainable mobility on a global level. Michelin and GM are continuing to conduct joint R&D...
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Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it will be raising prices on its aftermarket tires in the Japanese domestic market. The change will apply to all shipments from Aug. 1 onward. This move comes as factors such as a personnel shortage cause distribution-related costs to surge, with expectations that this trend will continue going forward. The decision marks...
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