Tire maker Bridgestone Australia Ltd. reports a 72.4% decline in 2006 net profit to A$2.8 million ($2.2 million) – down from prior-year’s A$10.3 million ($8.1 million) – and warns of another tough year ahead due to high raw material costs. Sales revenue of A$513.9 million ($405.7 million) fell 1.2% from 2005, largely attributable to reduced tire sales to local auto makers, the company says. While it maintained volumes with GM Holden Ltd., “tire sales to other local manufacturers have ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.