Toyo Tire Corp. (TYO:5105) announced on Nov. 28 that it intends to sell off half of the stock that it holds in Bridgestone Corp. (TYO:5108), a company with which Toyo Tires has business and capital partnerships. Back in 2008, the two companies formed a capital partnership to help establish a strong relationship of trust. And now, Toyo Tires says, this...
Toyo Tire Corp. (TYO:5105) recently announced that European sales subsidiary Toyo Tire Europe GmbH will be setting up a booth at this year’s Essen Motor Show, which is set to be held over Nov. 29 – Dec. 8. The booth will feature a number of different cars, helping Toyo Tires to show its company philosophy to the world. This will...
Toyo Tire Corp. (TYO:5105) has been hard at work with development of Noair, a sixth generation of the company’s airless tire technology. The company recently showed off the new tire’s capabilities to media at a test drive event. Unlike conventional tires, which are filled with air to help them bear weight and absorb road impacts, Noair has no such need....
Toyo Tire Corp. (TYO:5105) has announced that it has provided tires to seven drivers set to compete in the inaugural Score Baja 400 race, which will be held in Mexico over Sept. 18–22. The company has supplied these seven drivers with its Open Country series of off-road tires, which are made for pickup trucks and SUVs. These efforts are being...
Toyo Tire Corp. (TYO:5105) is aiming to strengthen its relationship with Mitsubishi Corp. (TYO:8058) on a comprehensive level. By pursuing this while also capitalizing on its own strengths, the tire manufacturer plans for the resulting synergies to provide a positive effect of 10 billion yen ($94.64 million) in operating profit by 2023. Expectations here are that carrying out policies alongside...
Toyo Tire Corp. (TYO:5105) recently announced that it intends to establish a new tire production subsidiary in Belgrade, Serbia. The subsidiary will be used to run a tire production plant set for construction in the Serbian town of Indija. This will be Toyo Tires’ eighth such plant, coming alongside two in Japan, one in the U.S., two in China and...
