Cars and Drivers

Tire Inflation Coming? (TWI, GT, CTB)

Titan Tire Corporation, a subsidiary of Titan International, Inc. (NYSE: TWI), will implement a price increase on Titan and Goodyear branded farm and construction tires, effective November 1, 2007.  The increase of up to 5% will offset rising raw material and energy costs, but certain tire prices may rise more than 5% due to repositioning of the product.

Goodyear Tire (NYSE:GT) and Cooper Tire & Rubber Co. (NYSE:CTB) probably just got some more pricing power.  With oil at $80.00+ and rising commodity costs, they are going to need it.  Granted, this is in the larger industrial and agricultural tires rather than full scale consumer auto tires, but where there is smoke…..there’s a tire.

Jon C. Ogg
September 27, 2007

Jon Ogg can be reached at [email protected]; he produces the Special Situation Investing Newsletter and does not own securities in the companies he covers.

Essential Tips for Investing (Sponsored)

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.