Tire Business is reporting (subscription required) that tire companies Continental A.G., Goodyear and Bridgestone Corp. are among General Motors Corp.’s 50 largest creditors. The three companies are collectively owed nearly $27 million, according to court documents. GM filed for Chapter 11 bankruptcy protection June 1, showing $172.8 billion in debts and $82.3 billion in assets.
Our blog, News from Notch Consulting, has been published continuously since November 2007 with free news and updates related to the tire, rubber, carbon black, silica, and rubber chemicals industries.
On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6
Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect