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Toyo Tires Posts Record Q1 Sales Despite Profit Pressure From Raw Materials, Forex
May 13, 2025
Toyo Tires posted record-breaking Q1 2025 sales of ¥135.5 billion ($880 million), fueled by strong demand in North America. However, the company’s profitability declined due to raw material cost inflation and foreign exchange losses. Despite profit pre
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Sir Tom Farmer, Founder Of Kwik Fit, Passes Away
May 12, 2025
Renowned Scottish businessman and philanthropist Sir Tom Farmer, founder of Kwik-Fit, passed away peacefully at his home in Edinburgh at the age of 84, according to a family statement issued on Friday.
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Trinseo Reports Q1 Loss, Restructuring Efforts Yield Improved Adjusted EBITDA
May 12, 2025
Speciality materials producer Trinseo reported a Q1 2025 net loss of $79 million, citing refinancing costs and weak demand across all segments. Despite this, adjusted EBITDA rose 44% year-on-year to $65 million, driven by licensing income and cost-cutting
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Nokian Tyres Delivers 14 percent Sales Growth in Q1; Expansion and Cost Pressures Continue
May 12, 2025
Nokian Tyres reported a 14.2% year-on-year increase in Q1 2025 net sales, reaching €269 million in comparable currency, driven by strong performance across all markets. However, profitability was pressured by rising raw material costs and ramp-up invest
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Goodyear Reports Q1 2025 Results, Advances Transformation Plan
May 12, 2025
Goodyear Tire & Rubber Company reported Q1 2025 results with net sales of $4.3 billion and tyre volumes of 38.5 million units. While the company achieved a net income of $115 million due to a one-time gain from the sale of its OTR tyre business, it posted
