You searched for costs - Page 3 of 309 - Tire Review Magazine
Underinflation Costs European Motorists Millions

Statistically speaking, you’re more likely than not to be driving on underinflated tires. When Bridgestone Europe headed out last year and checked the tire condition of 38,000 cars in nine European countries, it found 71% of participating motorists to be driving on tires inflated to a lower than recommended pressure. The majority of these underinflated

Proposed Georgia Law Would Create Labor Costs Tax

Legislation proposed in the Georgia House of Representatives would create a new sales tax on many services of small businesses, including on the labor costs of services performed by automotive repair facilities. The Automotive Service Association has voiced its opposition to House Bill 385 and is urging Georgia members to contact their respective representatives to

Chinese Tiremakers Struggle as Rubber Costs Climb

The rising cost of rubber is putting pressure on Chinese tire producers, which have seen declining profits for most of the last 12 months. Net profits of Wuxi Boton Belt Co., a rubber product manufacturer, totaled $6.70 million in 2010, a drop of 8.5% over the previous year, the company said Friday in a filing

Bridgestone Price Hike Won’t Cover Costs: Analysts

Bridgestone Americas’ decision to impose a drastic 12% increase of North American truck and bus tire prices in only likely to recoup roughly a fifth of the increased rubber costs the tire manufacturer has had to pay recent, Deutsche Bank analysts reported. "In view of the likely penetration rate for the price hikes, we calculate

Raw Material Costs Prompt More Price Hikes

During the first quarter of 2011, Bridgestone Europe will implement price increases on all consumer, commercial, retreaded and specialty tires sold in Europe. Prices will rise by an average of 6%, however this will vary between markets and product categories. Commenting on the announcement, Bridgestone Europe CEO and president Makio Ohashi stated “the cost of

Retreading Market Grows as Fleets Look to Reduce Costs

After a slight dip in sales in 2009, the retread market has already recovered and resumed its pattern of steady growth. And even during that blip, the segment picked up new customers as fleets looked for ways to cut costs in the face of hard times.

TRW Says New TPMS Cuts Costs

TRW Automotive Holdings reports the use of its new design “low cost clamp-in” TPMS results in “significantly lowered costs for the system.” TPMS units featuring the LCCI are scheduled to be introduced in 2011 model year vehicles in the U.S. The new design, explains TRW Automotive, features a valve that screws directly into the housing,

TIA Offers Members Reduced Utility Costs

The Tire Industry Association is offering members the opportunity to save on utility costs by partnering with APPI to find ways to bring down energy costs. APPI will analyze, negotiate, contract, and manage the critical components of utility services including electricity and natural gas, water, recycling, waste removal, freight, check processing, credit card processing and

Price Hikes Needed to Offset NR Costs: Analysts

Assuming foreign exchange rates remain stable, skyrocketing natural rubber prices mean the tire industry will have to increase selling price by 3% to 4% to offset this raw material. That’s the view of Deutsche Bank analysts, which report in a recent investors note that the natural rubber price has doubled over the last 12 months

Consider Renting a CFO to Save Costs, Increase Profits

As businesses attempt to cut payroll expenses, many have looked to outsourcing the role of a CFO. Whether the company currently has a CFO and wants to cut back or needs to add outside talent to the existing organization, many companies are turning to an outside CFO. Most businesses, including tire dealerships, often reach a point where they need