Mood Glooming as Confidence Numbers Tumble
Consumer confidence fell for a third straight month in April, falling to its lowest point in more than 25 years.
SmarTire Appoints New Interim CFO
TPMS provider SmarTire Systems has named David Dodge as the company’s interim chief financial officer following the resignation of Jeff Finkelstein, who had served in the role since 2002 before leaving to “pursue a new opportunity,” to quote SmarTire.
Annual Profits More Than Double for Sibur-Russian Tyres
Sibur Holding JSC reports that its Sibur-Russian Tyres JSC (SRT) operation generated 23,777 million roubles (≤508 million) in revenue in 2007, an increase of 25.2% on the 18,989 million (≤406 million) of a year earlier.
Advanced ID to Supply RFID Chips to Mesnac in China
Advanced ID, a leading supplier of RFID systems to the tyre industry, is to supply millions of RFID chips to Mesnac through its Pneu-Logic division.
Internal Fraud
Almost 60% of all smallbusiness owners have suffered some form of internal financial fraud, accordingto a study by KPMG Peat Marwick, and 75% of those have been victimized byemployee fraud within the past year. That’s a good enough reason for dealers toknow the common warning signs of employee embezzlement or theft. The two keys are
Background Checks
Doing a background check onpotential employees can be a wise and cost-efficient policy. New hires who havemisrepresented their skills or experience can result in increased trainingtime, dissatisfied customers, and/or inefficiency – all of which can seriouslyimpact business. Replacing unsatisfactory employees is usually more expensivethan the cost of a background check. Establish a background checkpolicy, which
Goodyear Named One of ‘100 Best Corporate Citizens’
Goodyear Tire & Rubber Co. was named one of the “100 Best Corporate Citizens” in the current issue of CRO (Corporate Responsibility Officer) magazine.
Sales Up, Net Profit Down at Sumitomo Rubber
Sumitomo Rubber Group has released interim results for the financial year ended Dec. 31, 2007.
Conti May Eliminate 2,000 VDO Jobs
It appears as if Continental plans to reduce the workforce at its VDO automotive electronic unit by 2,000 jobs.
Sibur-Russian Willing, If A-V Can Clear Debt
According to unconfirmed reports, Sibur-Russian Tires has agreed to some type of merger with troubled Amtel-Vredestein provided the later can restructure its current debt load.