Industry Report
Working its way out from under a $728,000 deficit, the Tire Industry Association (TIA) is closing its Louisville, Ky., offices and training center and consolidating all of its operations at the association’s headquarters in Bowie, Md. The move was announced Jan. 12 and is effective as of Feb. 1.
Leave Nothing to Chance
Buying a Business? Facts, Not Fortune, Will Keep You From Behind the 8-Ball Why do our brains work differently when we read the biz opps section of the paper? Why do we say things like: "I’m tired of selling tires, I think I’ll open a frozen custard stand?" If you already own a fast-food franchise
Industry Report
Despite posting third quarter losses of $105.9 million, with the anticipation of further negatives in the fourth quarter, Goodyear Tire & Rubber Co. officials insist that its cost-cutting moves are on track to help turn around the financially struggling tire giant.
Those Nasty Bugs: Protect Your Computer System from Infection
Protect Your Computer System from Infection – Or Get Eaten Alive! One recent afternoon, the antivirus system on our corporate server intercepted an inbound, virus-infected e-mail. As is the case whenever this happens, an automatic reply notified the sender that they were infected. This particular sender, completely misunderstanding the message, called to tell us that
Industry Report
With a new three-year labor contract in hand, Goodyear Tire & Rubber Co. turned its attention to other restructuring issues as it works to right its financial ship. The tiremaker formally announced the closing of its Huntsville, Ala., plant, then laid off about 200 employees from its Tyler, Texas, facility.
Industry Report
It took seemingly forever, but NHTSA finally issued final tire performance and testing standards in late June – more than a year after its initial proposal was revealed. The new standards feature more stringent performance test parameters, including a controversial low inflation pressure test provision.
Covering the Bases
Focus on the Things That Make a Successful Business Complacency is the kiss of death for any business owner. Some have an innate unwillingness to change or to try something new, but the successful business owner wants to know everything about his business. He never says, "Well, that just doesn’t matter." In business, everything is
Industry Report
RMA Asks NHTSA For Internet OptionLooking to increase the number of tires being registered, the RMA has asked NHTSA for formal permission to allow tire buyers to register to tires via tiremaker Web sites. Allowing "additional, easier choices" would enhance NHTSA’s ability to notify owners in the event of a safety problem with their tires.
Industry Report
Still a Long Road Ahead for Troubled TiremakerDespite posting the worst losses in the company’s 105-year history, things began to look up for the financially troubled Goodyear Tire & Rubber Co. during a hectic early spring.
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.