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Goodyear announced plans to sell the assets of its Latin American off-road tire business to Titan Tire for $98.6 million, including the plant in São Paulo, Brazil and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand. This deal is similar to Titan's 2005 purchase of Goodyear's US farm tire assets.
The Kelly-Springfield Tire Company was an American manufacturer of tires for motor vehicles. It was founded in Springfield , Ohio by Edwin Kelly and Arthur Grant in 1894. It was acquired in 1935 by the Goodyear Tire and Rubber Company , who maintained it as a subsidiary until 1999 when it was integrated into Goodyear North America. [ 1 ]
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In marketing, a rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are also used as a means of enticing price-sensitive consumers into purchasing a product.
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The Company changed its name to Tire & Battery Corporation in 1972. Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), one of Japan's major integrated trading and investment business enterprises.
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Seiberling and Goodyear received additional patents for creating the first universal tire rim, introducing the double diamond all weather tire tread, and inventing a pneumatic truck tire which eventually replaced the industry standard solid truck tire. By 1916, The Goodyear Tire & Rubber Company was the largest tire producer in the world. [8]
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