CTNA Tells Mt. Vernon Workers of Cutback, Capital Plans
(Akron/Tire Review) According to a story last Friday in the Benton (Ill.) Evening News, workers at Continental Tire North America’s (CTNA) tire plant in Mt. Vernon, Ill., are being asked to accept a 10% wage decrease, a 50% increase in insurance costs, vacation cuts and a pension freeze.
Japanese Tyre Sales up 13.9%
(Clacton, U.K./Tyres & Accessories) In December, Japan sold 13.9 per cent more tyres (year-on-year) than it did in the same month in 2004.
Superior To Sell Suspension Components Business
(Clacton, U.K./Tyres & Accessories) Superior Industries International, Inc has announced that its board of directors has authorised management to engage an investment banker and/or other advisors to explore options for disposal of the company’s suspension components business.
Record Number of Automobiles Sold in Mexico in 2005
(Akron/Tire Review) A record 1.13 million automobiles were sold in Mexico in 2005, up 3.3 percent from the year before, the Mexican Automotive Industry Association, or AMIA, announced on Tuesday.
CTNA Plans Capital for Mt. Vernon, Wants Wage Cuts
(Akron/Tire Review) Just days after announcing significant cutbacks at its Charlotte, N.C., tire plant, Continental Tire North America (CTNA) said it planned a $60 million to $70 million capital improvement effort at its Mt. Vernon, Ill., passenger and truck tire facility.
USW Lashes Out at CTNA After Charlotte Cut Announcement
(Akron/Tire Review) Just a day after Continental Tire North America (CTNA) announced major cutbacks and layoffs at its hometown Charlotte, N.C., passenger tire plant, the United Steelworkers (USW) issued what it termed a “stinging criticism of management’s failure to understand how to compete in North America.”
Heuver Banden More Than Doubles Warehousing
(Clacton, U.K./Tyres & Accessories) OTR tyre wholesale specialist Heuver Banden has spent 7 million euros on a new 12,000 square-metre warehouse, more than doubling its existing 4500 square-metre space.
Tyre Importers Accused of ‘Dumping’ In India
(Clacton, U.K./Tyres & Accessories) The Indian tyre lobby has convinced the government to initiate anti-dumping proceedings against imports from China and Thailand.
CTNA Announces Serious Charlotte Cuts
(Akron/Tire Review) Continental Tire North America (CTNA) announced today that it will significantly cut production and lay off employees at its hometown Charlotte, N.C., passenger tire plant.
Obituary: John Joseph Tinker
(Clacton, U.K./Tyres & Accessories) BEN, the Motor and Allied Trades Benevolent Fund is mourning the loss of one of its long serving board members – John Joseph Tinker.