Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half 
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Hankook Tire & Technology Co. disclosed Thursday that it has been supplying its high-performance Ventus S1 evo 3 SUV tires as original equipment (OE) for Porsche's Taycan 4S model since the first half of 2019.
The tiremaker didn't provide a time frame and value for the supply deal.
Hankook has also supplied OE tires to Porsche's Macan SUV since April 2015 and Cayenne SUV beginning June 2019.
Supplying OE tires does not generate much revenue for tiremakers but helps secure big clients that improve their brand image and possibly lead to raising product prices.
Hankook has shipped products to nearly 50 foreign carmakers, including Mercedes-Benz, Audi, and BMW.
In the first quarter, Hankook's net profit plummeted 34 percent to 81.28 billion won from 123.23 billion won last year due to the pandemic's impact on global tire demand for vehicles and tire production at its overseas plants.
Hankook, the world's seventh-largest tiremaker by sales, earns over 80 percent of its total revenue overseas.
