World’s tire industry starts slow road to recovery

Last week, we published the June 2020 edition of our global tire industry newsletter, and distributed it to subscribers (29 May). Each corporate subscriber has the right to distribute to unlimited direct employees worldwide, so if you are interested, feel free to contact us. If your employer receives it already, we can send out a free

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Not only Covid… but also duties

As if the world of tires did not have enough to deal with, the United States International Trade Commission (US ITC) yesterday published its guidance on timing of its investigation into alleged dumping of light tires from some S E Asian countries. For those who have access to the US government EDIS system, the document

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Q1 results show scale of crisis in global tire industry

This week we are focussing on Q1 results, and the outlook for Q2 and beyond, following the results statements by various companies in the tire industry. These stock market reports are probably the best public information on the present state of the industry. Wolfgang Schäfer, CFO of Continental AG said, “in our important European and

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Global tire factories continue to lift lock-downs

In the last week or so, we have noted that up to 75 more tire factories re-opened around the world. As of 7 May, we estimate that around two-thirds of tire factories in the world (excluding China) are now open. That compares with around half just one week ago. We are expecting that most of

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Tire industry in May – worst crisis ever

We just published the May 2020 edition of our global tire industry newsletter, and distributed it to subscribers (30 April). Each corporate subscriber has the right to distribute to unlimited direct employees worldwide, so if you are interested, feel free to contact us. If your employer receives it already, we can send out a free copy.

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Tire factory openings accelerate

Tire factories have been re-starting around the world over the last week or two. Europe, the United States, and even India have seen a series of re-starts. Many more are expected to re-start this week and next. Meanwhile, a number of Japanese and Korean factories have closed temporarily, due to over-supply in the market. They

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Tire industry prepares responses to outbreak

Four weeks since the tire shut-downs first started, we are seeing some tire companies prepare their responses. The common response has been to address their cash position through loan restructuring, cost-down and other financial measures. Cash flow will be vital in the coming months, as fixed costs will drain cash reserves until sales can recover

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Tire factories start return to work

This is the kind of analysis our subscribers see each month in our Global tire intelligence report. We are bringing this to you as a free service during the pandemic. I have not seen any other source of information worldwide that brings you comprehensive, timely information on the worldwide status of tire factories. To see

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90% of tire capacity closed in Western hemisphere

In the last week, we have seen Nokian brought its factory near St Petersburg back on stream. but extended the furlough of its US factoryBridgestone Americas will restart its North American commercial tire plants on April 13.Michelin said it opened its plant in Cuneo, Italy to make tires for ambulances, trucks, vans and police vehiclesMichelin

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Tire factory lock-downs escalate

Just under a week ago, we published our deep-dive analysis of the state of the global tire industry under CoronaVirus. This week we have to report that things are less opaque, but the increased clarity has done nothing to improve our pessimistic view. Update: Turkey on lock-down. All tire plants closed until 13 April Update2:

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China Tire Intelligence Report

A weekly newsletter of developments in the China tire industry including news reports and David Shaw’s expert commentary and analysis.

Global Tire Intelligence Report

Monthly English & Chinese language newsletter bringing together global news stories covering retail, strategy, sustainability and legislative issues.