FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  AIPCF V (Cayman), Ltd.
2. Date of Event Requiring Statement (Month/Day/Year)
02/29/2024
3. Issuer Name and Ticker or Trading Symbol
TITAN INTERNATIONAL INC [TWI]
(Last)
(First)
(Middle)
C/O AMERICAN INDUSTRIAL PARTNERS, 450 LEXINGTON AVENUE, 40TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)

NEW YORK, NY 10017
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common stock 11,921,766 (1)
I
See footnote (1) (2) (3) (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
AIPCF V (Cayman), Ltd.
C/O AMERICAN INDUSTRIAL PARTNERS
450 LEXINGTON AVENUE, 40TH FLOOR
NEW YORK, NY 10017
    X    
AIPCF V (Cayman), L.P.
C/O AMERICAN INDUSTRIAL PARTNERS
450 LEXINGTON AVENUE, 40TH FLOOR
NEW YORK, NY 10017
    X    
AIPCF V AIV C, LP
C/O AMERICAN INDUSTRIAL PARTNERS
450 LEXINGTON AVENUE, 40TH FLOOR
NEW YORK, NY 10017
    X    
Carlstar Holdings LLC
C/O AMERICAN INDUSTRIAL PARTNERS
450 LEXINGTON AVENUE, 40TH FLOOR
NEW YORK, NY 10017
    X    
Carlstar Intermediate Holdings I LLC
C/O AMERICAN INDUSTRIAL PARTNERS
450 LEXINGTON AVENUE, 40TH FLOOR
NEW YORK, NY 10017
    X    

Signatures

/s/ Stanley Edme, Vice President of AIPCF V (Cayman), Ltd. 03/07/2024
**Signature of Reporting Person Date

/s/ Stanley Edme, Vice President of AIPCF V (Cayman), Ltd., general partner of AIPCF V (Cayman), L.P. 03/07/2024
**Signature of Reporting Person Date

/s/ Stanley Edme, Vice President of AIPCF V (Cayman), Ltd., general partner of AIPCF V (Cayman), L.P., general partner of AIPCF V AIV C, LP 03/07/2024
**Signature of Reporting Person Date

/s/ Joel Rotroff, President of Carlstar Holdings LLC 03/07/2024
**Signature of Reporting Person Date

/s/ Joel Rotroff, President of Carlstar Intermediate Holdings I LLC 03/07/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents 11,921,766 shares of common stock held directly by Carlstar Intermediate Holdings I LLC ("Intermediate").
(2) This statement is being filed by AIPCF V (Cayman), Ltd., AIPCF V (Cayman), L.P., AIPCF V AIV C, LP, Carlstar Holdings LLC and Intermediate (collectively, the "Reporting Persons"). Carlstar Holdings LLC is the sole owner of Intermediate. AIPCF V AIV C, LP is the indirect majority owner of Carlstar Holdings LLC. AIPCF V (Cayman), L.P. is the general partner of AIPCF V AIV C, LP. AIPCF V (Cayman), Ltd. is the general partner of AIPCF V (Cayman), L.P. Mr. Kim A. Marvin is one of three owners of AIPCF V (Cayman), Ltd. and serves as a member of the Board of Directors of the Issuer. Any action by AIPCF V (Cayman), Ltd. with respect to these shares, including voting and dispositive decisions, requires a unanimous vote of the owners of AIPCF V (Cayman), Ltd. (Continued in Footnote 3).
(3) (Continued from Footnote 2). Accordingly, each of Mr. Marvin and the other owners of AIPCF V (Cayman), Ltd. may be deemed to share voting and dispositive power with respect to the shares of common stock held by the Reporting Persons, but disclaims beneficial ownership of the shares of common stock held by the Reporting Persons, except to the extent of any pecuniary interest therein. The filing of this statement is not an admission that the Reporting Persons are members of a group or beneficial owners of any shares other than those in which they have a pecuniary interest.
(4) The Reporting Persons disclaim status as a "group" within the meaning of Rule 13d-5 of the Securities Exchange Act of 1934, as amended.

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