In the midst of a tire crisis, the American tire company, American Tire & Rubber, is getting in the way.
As the Wall Street Journal reports, American has issued a “voluntary recall” of all 2.8 million of its tires worldwide.
The company said in a press release that, because of “improper tire manufacturing, improper application, and other factors,” it had issued “more than 1 million defective tires.”
The company cited a “very large” number of “lack of proper care” as the reason for issuing the recall.
American’s spokesperson did not immediately respond to a request for comment.
The tire crisis started when American’s subsidiary, B-Tires, announced a $1.1 billion investment in 2018 to acquire the tire manufacturer.
B-Ts tires, which are manufactured in a factory in Kentucky, are manufactured by B-Seed, a subsidiary of American.
American’s $1 billion purchase of B-Boys, a tire company that makes its tires in China, triggered a recall of American’s B-Yoys tires, according to a press statement from B-Tree, a company that sells B-Roys to B- Tree.
B-Toys had issued a recall in 2018 of more than 1.3 million of B&R’s B&T’s, according the Wall St Journal.
B&Ts B&Rs were manufactured by D&) T&, a California-based company, and were sold by American and its affiliates to several independent tire manufacturers in the United States and Europe.
In the US, B&Ys are sold by B&Tree to several tire suppliers.
According to the Journal, American and B&B’s share of the tire industry is expected to decline in 2019, and that American is in a position to have a market share in the U.S. market of 1.6 percent, while B&R’s are projected to fall by 0.7 percent.
In 2018, B.T.
S announced it was “reviewing its product line of American Tire products” and would be “reviewer-led” when it comes to tire manufacturing.
Earlier this month, the Federal Trade Commission said it had launched an investigation into the American Tire industry after a number of consumer complaints.
A spokesperson for B&y’s Beds said the company had no comment on the investigation.