Apollo Tyres to Diversify
(Clacton, U.K./Tyres & Accessories) Major Indian tyremaker Apollo Tyres has made the decision to diversify into the transportation and logistics industry.
Goodyear Receives Higher Rating
(Clacton, U.K./Tyres & Accessories) With the hostilities between Goodyear and the USW now officially over, Standard & Poor’s have affirmed the B+ rating on Goodyear’s corporate credit and removed the company’s debt from negative CreditWatch.
Pirelli Hoping to List Tyre Division
(Clacton, U.K./Tyres & Accessories) Italian corporate giant Pirelli SpA is reportedly planning to list its tyre division on the stock exchange in March or April as trading conditions improve.
Correction: Goodyear to Discontinue Tire Production at Quebec Plant
(Akron/Tire Review) In a news item yesterday concerning Goodyear’s decision to end tire production at its Valleyfield, Quebec, tire plant, we erroneously stated that workers there were represented by the United Steelworkers.
USW Files Suit Against CTNA Disputing Retiree Health Plan Changes
(Akron/Tire Review) The United Steelworkers has filed a class action lawsuit against Continental Tire North America (CTNA) in a dispute over retiree medical benefits.
TRIB Makes Poster Available Free
(Akron/Tire Review) Truck fleets and independent truckers can now receive a free copy of TRIB’s “Don’t Thump ‘Em, Pump ‘Em” poster.
Goodyear to Discontinue Tire Production at Quebec Plant
(Akron/Tire Review) Goodyear Tire & Rubber Co. announced this morning that it would discontinue tire production at its Valleyfield, Quebec, plant.
Goodyear Set to Offer Employment Buyouts
(Akron/Tire Review) Bloomberg reported that Goodyear plans to offer buyouts of as much as $40,000 in a move to trim some 400 hourly jobs at four USW-represented plants.
Schrader AirAware Now in E-Catalogs
(Akron/Tire Review) Schrader Bridgeport International’s AirAware TPMS sensors and service pack lines are now included in e-catalogs by Activant and Wrenchead, the company announced.
Two Down, BFNAT to Go
(Akron/Tire Review) With a freshly minted and ratified master contract with Goodyear in its hands, USW negotiators are expected to restart talks with Bridgestone/Firestone North American Tire sometime this month.
Pioneer Tire Kicks Off Tire Stop Program
(Akron/Tire Review) Northern California’s Pioneer Tire Supply Inc. has launched a new dealer marketing program – Tire Stop – targeting independent tire retailers.
Accuride Names Chairman, Announces Executive Management Appointments
(Akron/Tire Review) Accuride has named Terrence Keating, current CEO and board member, as its new chairman and also announced new executive management appointments.