Easy Rider Passes
Bogged down in a war of words and thought to be headed for a Congressional hearing, the American Jobs Creation Act instead breezed through the Senate on Oct. 11 and was expected to be signed by President Bush without delay.
Secrets of Winter Tires
Ordinarily used in the same sentence with cooking oils, canola has found a new niche at Nokian Tyre’s winter tire plant in Finland. That’s where the "low-sat-fat" oil is mixed into Nokian Hakkapeliitta winter tire tread compounds. "It increases the tear resistance of rubber and improves the tire’s grip in winter and wet conditions," says
Industry Report
Goodyear Tire & Rubber Co. received a one-month extension from its various banks to comply with loan agreement covenants that, among other things, would have forced the struggling tiremaker to make a $500 million contribution to its underfunded pension program. The extension was granted Mar. 5, two days before a temporary waiver was set to expire, and expires Apr. 4.
Industry Report
Michelin Reopens Closed Plant in Mexico