Retailers Face Liability Issues with Chip-based Card’s Fall Deadline
Oct. 1 will mark the deadline retail-based merchants can switch to the “EMV,” or “chip card,” credit card equipment without facing potential fraud liability. EMV, which stands for Europay, Mastercard, Visa, was created to stop duplicate card fraud. In attempt to thwart fraud, the EMV chip creates a one-time sale token related to a specific
When is Road Force Balance Overkill?
Can road force balancing really make a difference? To answer the question of whether road force balancing is overkill, we should probably start by reviewing some basics. We balance tire/wheel assemblies primarily to eliminate, as much as possible, vibration. Vibration produces ride disturbances that are uncomfortable for the driver and passengers and may cause uneven
TAG Hits Record Numbers in Year 2014
Paul Alves, president of the Tire Alliance Groupe, presented record-setting results for 2014 to its membership at the group’s annual Spring meeting in Charleston, S.C. TAG paid out record dividends – $10.4 million in rebates and bonuses – to its members in 2014, according to the group’s president. Alves stated that the 2014 growth by
Nexen Hires New Senior VP
Nexen Tire America Inc. hired John Thomas as senior vice president of corporate accounts and Western region. “I am looking forward to the task of helping Nexen grow its market share with our key accounts,” said Thomas. “We have a great product, we are starting to build a great brand, and now it’s time to
Change Will Have to Come
It will take some time before the dust fully settles, before all of the final decisions are made and all of the appeals exhausted. And only then will we be able to fully understand all of the direct ramifications of the absurd countervailing and anti-dumping duties heaped on imported China-produced consumer tires. Trade protection is
Go Toe-to-Toe to Knock Down Car Dealer Competition
Car Dealers want your tire business, but do they have a glass jaw? Sometimes the biggest threat can come from behind – and in very subtle ways. Though you may not have considered car dealers as legitimate competition in the past, it’s high time you did. Back to the early 2000s, General Motors, working with
Goodyear, SEC Settle Bribery Charges
Goodyear Tire & Rubber Co. has agreed to pay more than $16 million to settle charges made by the Securities and Exchange Commission that it violated the Foreign Corrupt Practices Act when its subsidiaries “paid bribes to land tire sales in Kenya and Angola.” The SEC said that Goodyear “failed to prevent or detect more
Giving Back to Your Community
For tire businesses, helping out your community is more than good press.
Inverse Marketing
Every tire business relies on marketing, but times are changing. Imagine lower-cost, more impactful messages reaching people who may have never even heard of your shop. Marketing is a process of you telling people how good you are. It is a well-established practice, and has been effective for decades. But today something called “inverse marketing”
Pirelli’s Russian Stakeholder Faces U.S. Sanctions
The global tire industry is far from immune from the effects of international affairs, as Pirelli SpA majority shareholder has learned. In its continuing response to Russia’s involvement in the current unrest in Ukraine, the U.S. government last week turned up the heat, placing Russian oil giant Rosneft on its economic sanctions list. The sanctions,
