Advertisement
YOU ARE HERE: LAT HomeCollectionsRubber Industry United States
IN THE NEWS

Rubber Industry United States

FEATURED ARTICLES
BUSINESS
September 23, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Michelin Group said Friday that it agreed to buy Uniroyal Goodrich Tire Co. for $1.5 billion, including the assumption of $810 million in debt. The deal brings still more consolidation to the increasingly competitive tire industry in a move that will leave Goodyear Tire & Rubber as the only major U.S.-owned tire maker. The purchase hands Michelin a bigger piece of the lucrative U.S.
ARTICLES BY DATE
BUSINESS
August 1, 1991 | From Times Staff and Wire Reports
Bridgestone Plans More Layoffs: Bridgestone Corp., the huge Japanese rubber and plastic manufacturer, said it will lay off another 1,000 employees in its U.S. and European subsidiaries by the end of this year. It has laid off 2,000 workers this year at subsidiaries including Bridgestone-Firestone Inc., its debt-ridden subsidiary in the United States, a Bridgestone official said.
Advertisement
BUSINESS
September 23, 1989 | JAMES FLANIGAN, Times Staff Writer
What does it mean that Michelin Group of France is buying Uniroyal Goodrich and becoming the largest tire company in the world and a stronger force in the U.S. market? The stock market decided Friday that it wasn't so good for Goodyear. The stock of the last remaining U.S.-owned major tire maker fell $1.25, to $53.625 a share, on news of the Michelin deal.
BUSINESS
September 23, 1989 | JAMES FLANIGAN, Times Staff Writer
What does it mean that Michelin Group of France is buying Uniroyal Goodrich and becoming the largest tire company in the world and a stronger force in the U.S. market? The stock market decided Friday that it wasn't so good for Goodyear. The stock of the last remaining U.S.-owned major tire maker fell $1.25, to $53.625 a share, on news of the Michelin deal.
BUSINESS
August 1, 1991 | From Times Staff and Wire Reports
Bridgestone Plans More Layoffs: Bridgestone Corp., the huge Japanese rubber and plastic manufacturer, said it will lay off another 1,000 employees in its U.S. and European subsidiaries by the end of this year. It has laid off 2,000 workers this year at subsidiaries including Bridgestone-Firestone Inc., its debt-ridden subsidiary in the United States, a Bridgestone official said.
BUSINESS
September 23, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Michelin Group said Friday that it agreed to buy Uniroyal Goodrich Tire Co. for $1.5 billion, including the assumption of $810 million in debt. The deal brings still more consolidation to the increasingly competitive tire industry in a move that will leave Goodyear Tire & Rubber as the only major U.S.-owned tire maker. The purchase hands Michelin a bigger piece of the lucrative U.S.
Los Angeles Times Articles
|