Moving Target: Dealers Need Sure Footing to Take Accurate Aim in New Tire World
There’s a growing phenomenon imposing its will on the tire industry these days. It’s called “global warming,” but it has nothing to do with the weather. It has everything to do with “warming up” to imports and overseas suppliers. North American tire dealers – retail and commercial – have certainly seen their brand options increase
Goodyear Tires Gain EPA Certification
(Akron/Tire Review) U.S. Environmental Protection Agency has certified Goodyear’s medium truck tires featuring its Fuel Max Technology for use on SmartWay-eligible trucks.
Michelin Trades Investment for Added Work
(Akron/Tire Review) Groupe Michelin said it plans to spend some 250 million euros – approximately $315 million – on upgrading its tire plants in Germany, contingent on workers there agreeing to work an additional 75 minutes each week without increased pay.
Falcon Tyres, Sumitomo Signs Technical Assistance Deal
(Staffordshire, U.K./Tyres & Accessories) India’s Falcon Tyres has signed a technical assistance agreement with Japanese giant Sumitomo Rubber Industries.
Allegedly Defective Chinese Tires Still Sold in Canada
(Akron/Tire Review – CTV News) CTV News has found imported tires from China prone to tread separation for sale in Canada, despite an ordered recall in the U.S.
Alliance Reports $45.6 Million First Quarter Sales
(Staffordshire, U.K./Tyres & Accessories) Alliance, an international tyre manufacturer based in Hadera, Israel, reported a 23% growth in sales for the first quarter of 2007.
IRSG: Rubber Consumption to Reach 32 Million Tons by 2020
(Staffordshire, U.K./Tyres & Accessories) The International Rubber Study Group (IRSG) reported during the World Rubber Summit last month in Bangkok that world rubber consumption is now forecast to reach 31.8 million tons by 2020, representing an increase of around 10 million tons compared to 2006.
Plans Readied for 5th CITExpo
(Akron/Tire Review) China, now among the top ranked countries in tire production and consumption, has been gaining marketshare in tires and related products.
Expanded AAIA Factbook Now Available
(Akron/Tire Review) Automotive Aftermarket Industry Association’s 2007/2008 Aftermarket Factbook (Expanded Version) is now available.
Matador Q1 Earnings up 18%
(Staffordshire, U.K./Tyres & Accessories) During the period between Jan. 1 and Mar. 31, the Matador group reported earnings of SKK 4.54 billion (≤90.6 million), an 18% increase on the same period in 2006.