Tire Cartel Investigation

[SubLGT]

Well, this is interesting. Also includes Nokian and Pirelli.

Tire Firms Raided by EU Watchdogs Over Suspected Cartel

Tire firms Michelin, Bridgestone Corp, Continental AG, and Goodyear Tire & Rubber Co. all confirmed they were hit by European Union antitrust raids over a suspected plot to fix prices, amid a widespread probe that sent shares plunging and could pave the way for massive fines.

www.bloomberg.com

 

[ctechbob]

https://www.reuters.com/business/autos-transportation/eu-antitrust-regulators-raid-tyre-makers-concerns-about-possible-cartel-2024-01-30/

This one shouldn't be behind a paywall.

 

[SubLGT]

There is also a class action lawsuit in the USA.

https://www.reuters.com/legal/litigation/top-tire-makers-are-sued-us-over-alleged-price-fixing-2024-02-07/

 

[SubLGT]

Will Tire Prices Come Down in 2024?

With a level of stability in raw material prices and waning demand for premium tire tiers, we wonder if an incremental price concession could be on the horizon from premium tire...

www.moderntiredealer.com