EXHIBIT 23 CONSENT OF INDEPENDENT AUDITORS - ------------------------------- We consent to the incorporation by reference in the Registration Statement (Form S-8 No. 333-50082) pertaining to Bandag, Incorporated Stock Award Plan of our report dated January 24, 2002, with respect to the consolidated financial statements and schedule of Bandag, Incorporated included in the Annual Report (Form 10-K) for the year ended December 31, 2001. Ernst & Young LLP Chicago, IL March 26, 2002 116