Quarterly Financial Recap Price Increases Continue in Q3

摘要

For 2018,tire manufacturers expect low single-digit volume growth.Goodyear Tire & Rubber Co.recently lowered its outlook to approximately 1.0% from 1.0-1.5% due to continued softness in China and Brazil.The Michelin Group reiterated growth in line with market.Continental Ag lowered its 2018 passenger car and light truck(PC & LT)replacement outlook to +1% from +2% due to dropping approximately 14 million units in the Asian market compared to expectations at the end of 2Q18.North America PC & LT replacement outlook remains unchanged at +2%,and North American commercial replacement outlook increased to +5% from +4%.Cooper Tire & Rubber Co.expects unit volume growth in the U.S.in Q4.