New Dealer Opens Doors in Louisiana
Independent dealer Tiger 1 Tires & Service Center opened a 12-bay store in Monroe, La. Store manager Darrell Yates said Tiger 1 has several advantages in the market. “We offer free tire rotation and free brake inspections. Bring in any competitor’s written quote and we will give you 20% off their labor rate on any
Watts and Trelleborg Tie-up in France
Trelleborg Industrial Tires Europe has appointed Watts Tyre Group as the sole distributor of its industrial tires range in France. Under the terms of the new agreement, Trelleborg Industrial Tires Europe will transfer its France-based industrial tire operations to Watts Tyre Group. The cooperation, announced today, is designed to leverage the brand awareness and quality
Hankook Exec Named Honorary Consel by Hungary
Building on its continuing relationship, Hungary has named a senior official of Hankook Tire Co. as its honorary consul to South Korea. The appointment of Hankook Vice President Cho Hyun-shick to the post by Hungarian Vice Foreign Minister Laszlo Varkonyi was in recognition of the company’s contribution to Hungary’s economic growth. Hankook invested $479 million
Jim’s Blog: Misc. Musings from the Aisles (or What Happens in Vegas…)
• Full plane from Cleveland mid-day on Sunday. Browns game update from the pilot met with boos. Most of the passengers, turns out, are headed to the show and weren’t about to let that bum them out. • If you’ve never been to McCarren Airport in Vegas, let me describe for you. One part shopping
Government Says China Should Lobby for ITC Review
The Chinese Ministry of Finance and Commerce (known as Mofcom) continued its ongoing campaign against what it describe as the Obama administration’s politically motivated anti-dumping tariffs on Chinese-produced passenger car tires imported into the US. Speaking to Tyres & Accessories after Mofcom’s presentation during the Tire Tech seminar series at the Reifen China in Shanghai,
Bankruptcy Court Confirms Hayes Lemmerz Reorganization Plan
On Nov. 3, Hayes Lemmerz International announced that the United States Bankruptcy Court for the District of Delaware has confirmed the proposed plan of reorganization filed by the wheel manufacturer in July. Now that the go-ahead has been given, Hayes Lemmerz expresses confidence that the plan will significantly improve its balance sheet and reduce leverage,
Dealers Talk About Tariff-Caused Price Inflation
Eric Elgert bought four new tires for his car for about $350 in mid-September. If he had waited just a few weeks longer, his total tab most likely would have run higher – as much as $100 or more, reports the Sioux City Journal. "I’m glad we got them when we did,” the Sioux Cityan
No Conti Involvement in New Russian Truck Tyre Plant
Tyres & Accessories – Russian petrochemicals group OAO Tatneft said it is set to expand its tyre manufacturing capacity with the commissioning of a 1.2 million tyre-per-year all-steel truck and bus radial plant near its existing Niznekamshskina plant in Niznekamsk. The commissioning follows investment of around 17 billion rubles ($578 million) in line with a
Fixing a Hole: Total Tariff Fallout Still TBD, But Wrong Parties Were Wronged
The dust still isn’t settled on the president’s ill-advised smackdown of China-made consumer tires. There have been plenty of claims, counterclaims, predictions, wringing of hands and well-moistened crying towels, but few tangibles to date. Despite all of the Chicken Little-ing, the sky has yet to fall and we are no closer to having a handle
CITEXPO Shows Stability Despite the Crisis
Tyres & Accessories – There are exhibitions where people are encouraged to “see and be seen.” And there are other exhibitions where employees from various market players meet and engage in what is important: doing business. One such exhibition is the China International Tire Expo, or CITExpo for short. At the start of September numerous