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WEST CHICAGO, Ill., Oct. 28, 2025 /PRNewswire/ — Titan International, Inc. (NYSE: TWI) (“Titan” or the “Company”), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the closing of a strategic partnership with Rodaros Industria de Rodas Ltda. (“Rodaros”), a Brazilian manufacturer of agricultural and construction wheels.  This deal was first announced during Titan’s second quarter 2025 earnings call on July 31^st and has now completed formal regulatory review.

Rodaros is the second largest manufacturer of agricultural wheels in Brazil.  This partnership will be forged with an initial cash investment of $4 million by Titan for a 20% ownership stake and includes commitments to acquire the remaining 80% in 2029 based on financial performance criteria for final valuation of the enterprise.  Titan will obtain one Board seat within Rodaros (out of a three-member Board) and will begin providing financial leadership.

Paul Reitz, President and Chief Executive Officer of Titan stated, “This partnership reinforces Titan’s commitment to offering the best solutions for our customers’ equipment and to driving performance improvements in agriculture and construction operations. By combining Rodaros’ excellence in wheel manufacturing with Titan’s market leading tire production and distribution across the entire region, we are paving the way for the development of integrated solutions tailored to the Brazilian and South American markets.”

Mr. Reitz continued “Building on Titan’s One Stop Shop framework, this strategic partnership now gives us the opportunity to distribute wheel/tire assemblies to existing OEM customers, particularly in Brazil, the third largest agricultural market in the world.  Over the years, I’ve talked to key OEMs in Brazil, and they expressed enthusiasm about the opportunity to procure wheel/tire assemblies, which is something that none of our key competitors offer in that region. I expect this partnership to be a game changer for our customers and anticipate that wheel/tire assemblies will be a successful part of our Brazilian portfolio, much like they are in the US. Additionally, it gets us one step closer to our goal of being a supplier that OEMs can rely on for both wheels and tires, for all key geographies across the globe. We are excited about the growth opportunities that this partnership will provide for Titan, and about the ability to better serve our customers.”   

Ronaldo Linero, CEO of Rodaros added, “This partnership is founded on shared values and complementary technical expertise between the companies. Our goal is to generate real synergies and deliver added value to the end customer”.

About Titan

Titan International, Inc. (NYSE: TWI) is a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products. Headquartered in West Chicago, Illinois, the Company globally produces a broad range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets. For more information, visit www.titan-intl.com.

SOURCE Titan International, Inc.

Apple on Tuesday became only the third company to break through the $4 trillion market value milestone.

Apple shares rose fractionally in early trading, just enough to briefly push the company’s value above the historic level. It ended the trading day at $3.99 trillion.

Nvidia and Microsoft crossed the $4 trillion threshold in July. Nvidia’s market valuation has grown even more since then, hitting $4.88 trillion as of Tuesday’s close.

Microsoft’s value rose above the benchmark again Tuesday, at $4.03 trillion, driven by news that the Windows software maker’s stake in OpenAI would be worth $135 billion.

Apple has lagged several of its Big Tech peers this year, with fears that its artificial intelligence efforts are coming up short. Apple has gained just 7.5% in 2025, well behind Nvidia’s 50%, Alphabet’s 42% and Meta Platforms’ 28%. For the year, the broad-based S&P 500 has risen 18%.

But Apple’s fortunes have changed in recent months.

In early September, a federal judge ruled that Google did not have to divest its Chrome browser business, which benefitted Apple. As part of the ruling, the judge said Google could continue to pay to have its search engine preloaded on devices, such as iPhones. Alphabet currently pays Apple billions of dollars a year to do so.

In mid-September, the company released its newest iPhones. The extra-slim iPhone Air, which briefly faced a delay before customers in China could purchase it, eventually was released and sold out in minutes in the country.

The negative sentiment regarding Apple among some Wall Street analysts also began turning around in recent weeks.

“Our checks suggest this may be more than the average iPhone refresh cycle, as lead times for the base iPhone 17 continue to outpace last year’s levels,” analysts at Evercore ISI wrote on Monday. “In addition, our survey work points to a strong demand environment.”

Multiple other analysts have also upgraded Apple’s stock.

To add to the company’s good luck, over the course of President Donald Trump’s trade war, most Apple products have been exempt from tariffs. Apple CEO Tim Cook has paid Trump multiple visits in the Oval Office and attended a state dinner that King Charles III hosted in the U.K. in Trump’s honor last month. On Tuesday, Cook appeared again with Trump in Japan.