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Mixed feelings about Russia? – Titan International sends letter to Biden

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In its most recent quarterly report, US-based off-highway tyre manufacturer Titan International, Inc. reports owning 64.3% of Russian tyre maker Voltyre-Prom, with the Russian Direct Investment Fund the remaining shareholder. Yet this connection with Russia hasn’t stopped Titan raising its voice against indirect imports of Russian petroleum products into the USA. Together with the United Steelworkers union, Titan has even sent a letter to Joe Biden.

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Related news:

  1. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  2. Titan receives additional settlement put option notice
  3. War as a sales opportunity: Titan subsidiary increasing volumes in Russia
  4. Titan International: No further investments in Russian operation
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President Biden from a tyre perspective

C-Span

Less than 24 hours after Joe Biden was sworn-in as the 46th president of the USA, “Trump, the presidential limo and its tyres” – first published in August 2020 was amongst our most popular stories of the day. Of course, in normal circumstances we don’t spend too much time considering presidential limousine fitments. However, “Trump, the presidential limo and its tyres” was a follow-up story to the well-documented Twitter bust-up US president 45 (Donald Trump) had with Goodyear. With this in mind, it is worth looking at what we know so far about the Biden presidency from a tyre perspective.

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Related news:

  1. Conti shares rated as a post-US election ‘buy’
  2. Will Europe impose tyre import tariffs?
  3. TBC Corporation acquires Interstate brand marketing rights
  4. Orion Engineered Carbons invests in emissions controls
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Biden bounce helps Japanese tyremaker share prices

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Shares in Japanese firms hit a 30-year high after Joe Biden was named as the president-elect of the US in a phenomenon being called the “Biden bounce”. Tokyo’s Nikkei index rose 2.6 per cent when the market opened on 9 November. It closed up 2.1 per cent at a level not seen since 1991.

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Related news:

  1. Zhongce Rubber enters global top ten tyre manufacturers
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Toyo sells half its Bridgestone shares
  4. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
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Conti shares rated as a post-US election ‘buy’

David Dibert; Pixabay

With the 2020 US election shaping up to be the closest in the last two decades, no-one can yet say who will be the winning. However, share price analysts that are literally experts at hedging their bets, have compiled a list of post-Election share picks. In short, while growth is expected across the board in 2021, the recently-berated Goodyear is not the only tyre brand that would stand to gain from the end of Trump presidency.

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Related news:

  1. Titan to Trump: We’re not the Goodyear you want to avoid
  2. Goodyear: Protect our good name – Bad year for the White House tweeter
  3. US military not swayed by Trump’s call for Goodyear boycott
  4. Trump, the presidential limo and its tyres
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