2001 Net Loss For Titan International

Titan International has published its 2001 financial results. In the fourth quarter, Titan’s net sales were $100.6 million (Q4 2000: $113.

4 m). For 2001as a whole, sales were $457.5 m ($543.

1 m). The net loss for Q4 was $21.5 m ($8.

0 m) and Titan turned in a net loss for the year of $34.8 m, compared to a net income in 2000 of $4.5 m.

President and CEO Maurice Taylor Jr. described 2001 as “difficult for all manufacturers.” On the positive side, Titan settled two long-running (39 months and 40 months) labour disputes and received approval to offer agricultural tyres and wheels through the Case New Holland dealership network.