In a major move, EU antitrust regulators conducted surprise raids on tyre industry leaders Pirelli, Continental, Michelin, and Nokian, triggering a notable decline in their shares. The European Commission, responsible for imposing competition rules in the EU, revealed the investigation without disclosing specifics in line with its usual protocol. Pirelli, maintaining its innocence, assured full…

Continental Tire's Strategic Adjustment in Response to Increasing Costs In a proactive move, Continental Tire of Germany has made a notice on January 5, 2024, announcing an upcoming tire price adjustment. Quoting the persistent high costs of raw materials, logistics, freight, and energy, the company predicts challenges in short-term improvements. The product purchase rates are…

In a move to protect domestic interests, the U.S. Department of Commerce officially began the first anti-dumping and countervailing sunset review inspection into truck and bus tyres imported from China on January 2. A spokesperson from a leading tyre company, answering to the announcement, characterized it as a routine reevaluation of existing trade protection measures.…