Everybody needs some
None of this surprises me. It’s about more than the money and brand names. Tire manufacturers need more US production capability. Now way more than ever. Tariffs and duties make bringing tires into the US a very expensive proposition. Shipping tires over from Asia has gotten more and more problematic with limited dockspace, container shortages, lack of railcars and the burgeoning truck driver shortage. Throw Covid into the mix and it gets messier yet. What did Hankook and Falken just get done announcing? Spending $90 million dollars each expanding their American plants. Goodyear just did the same, but in a bolder manner. By gobbling up Cooper, they just gained an extra 97,000 passenger and light truck units. Great timing!