/ Industry, News / Titan Tire buys Goodyear plant in Union City

Titan Tire buys Goodyear plant in Union City

Linked In Share
Titan Tire buys Goodyear plant in Union City

Titan Tire Corporation said Tuesday that it purchased the 2.1 million square foot Goodyear Obion County facility and its assets for $9 million.

The company will not produce radial passenger or SUV tires at the plant and Goodyear will have until June 2012 to remove the equipment it wants to keep.

“The decision on whether Titan will keep the equipment in Union City or move the equipment to other Titan tire factory locations will not be made until mid-2012,”Maurice Taylor, chairman and CEO of Titan International, said in a statement.

Titan Tire’s acquisition of the former Goodyear plant has generated optimism for Obion County, which had the state’s second highest level of unemployment during the past two months as a result of the Goodyear plant closure.

“We do not believe the site would be used for OTR production in the near-term given that it was a passenger tire plant and the fact that the workforce there was unionized is likely unattractive to Titan as well,” BB&T Capital Markets vice president Schon Williams – an industry analyst wrote in a research note.

by Mircea Serafim (my Google+) - Wednesday, November 16th, 2011 - filed under Industry, News. Image credit: INA.
Linked In Share
Related Articles
acquisition goodyear obion county passenger tire plant closure suv tires tire corporation tire factory tire plant titan international unemployment


Discuss: Titan Tire buys Goodyear plant in Union City

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[VIDEO] Check out the test facility for the Porsche 911 GT3
[VIDEO] Check out the test facility for the Porsche 911 GT3A new video with the Porsche 911 GT3 (991) has been released by the German based automaker, highlighting what is going on in the ...
[Video] US company can reverse engineer the BMW i3 to tell you its secrets
[Video] US company can reverse engineer the BMW i3 to tell you its secretsAn industrial building in suburban Detroit is the home of a $50,000 BMW lying in pieces. It’s not stolen, though the place does ...
Recall roundup: Suzuki Kizashi and SX4
Recall roundup: Suzuki Kizashi and SX4The Japanese based automaker Suzuki has recently issued a recall for almost 61,000 vehicles because of a problem in which the ...
Render – Cadillac CTS-V Wagon
Render – Cadillac CTS-V WagonThe brand new Cadillac CTS-V is being rendered in yet another body style, that of a wagon, after being officially unveiled just a ...
US: gas users celebrate, diesel adopters feel unlucky
US: gas users celebrate, diesel adopters feel unluckyJust as national average gas prices are hovering now in the $2.40 a gallon area, those depending on diesel have little to no ...
[VIDEO] Jaguar XE SVR mule possibly spied
[VIDEO] Jaguar XE SVR mule possibly spiedA mysterious version of the Jaguar XE has been recently spotted on the road where it was being tested out, wearing some ...
[VIDEO] Mercedes-Benz GLE 450 AMG Coupe spotted
[VIDEO] Mercedes-Benz GLE 450 AMG Coupe spottedThe Mercedes-Benz GLE 450 AMG Coupe has been spotted recently on the streets of Stuttgart, Germany, where it was being tested ...
China and the US should continue to lead in 2015
China and the US should continue to lead in 2015For much of 2014, the auto industry jumped from marvel to horror, with numerous turmoil and a few, but very shinny bright stars. ...
Volkswagen Up! Turbo coming this year
Volkswagen Up! Turbo coming this yearThe German based automaker Volkswagen is apparently planning to introduce a turbocharged version of the Up!, which should be ...
Brazil expected to fall even deeper in 2015
Brazil expected to fall even deeper in 2015The Brazilian auto market, the largest in South America, has gone in reverse recently and the situation is expected to last, ...
[VIDEO] Mercedes-Maybach S-Class spotted in a parking lot
[VIDEO] Mercedes-Maybach S-Class spotted in a parking lotThe brand new Mercedes-Maybach S-Class has been recently spotted in a parking lot and the video posted below is providing us with ...
2016 Chevrolet Volt partially revealed
2016 Chevrolet Volt partially revealedA sneak peek into the second generation of the Chevrolet Volt has been offered by the North American based automaker, during the ...
US: Detroit is gearing up for NAIAS with gas dropping below $2 a gallon
US: Detroit is gearing up for NAIAS with gas dropping below $2 a gallonFor the first time since March 2009, gas prices in Michigan, the home state of Detroit – the motoring capital of America – ...
What is Google’s vision for the automotive world?
What is Google’s vision for the automotive world?By now, we all know or at least have heard of the project Google has been developing – an autonomous car for the masses. That ...
Porsche is embracing the green philosophy – with the help of plug-in hybrids
Porsche is embracing the green philosophy – with the help of plug-in hybridsThe German sports car manufacturer, once knew only for its iconic 911 model and today seen as a true luxury automaker with a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2016 chevrolet volt 1
ferrari 360 spider fire mexico city 1
2016 mitsubishi lancer render 1
Lamborghini Murcielago SV for sale in the UK 1
cadillac ats new year special 1
2016 skoda superb 1
2016 bmw 7-series leaked 1
Mitsubishi L200 Challenger 1
2015 mazda2 black edition
fiat 500x opening edition 1
kia_niro
McLaren 650S by MSO for sale 1

More automotive from inautonews
A new video with the Porsche 911 GT3 (991) has been released by the German based automaker, highlighting what is going on in the test facility. Are you a Porsche fan with a strange love on the 911 GT3? Well, if the answer is yes, than we might have found your next conversation story, because the ...
read more
Inautonews Editors Section
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Suzuki Kizashi and SX4The Japanese based automaker Suzuki has recently issued a recall for almost 61,000 vehicles because ... GM still having trouble with ignition-related recallsEven though it was New Year’s Day, General Motors had little to celebrate about – as the latest ...
Safety Section