Are Nexen and Michelin Courting?
According to reports from Asia, shares in Nexen Tire Corp. surged dramatically after the tiremaker said it had considered a "cooperative arrangement" with Groupe Michelin. Nexen stock prices rose 11% yesterday, Reuters reported. Nexen apparently offered no details about the "arrangement" or even if such is still being considered. Earlier this week, Michelin sold its
Michelin Divestment the Result of ‘Failed Partnership’?
In order to place a greater focus on its own production of Tier 2-3 tires, Groupe Michelin plans to sell its share in Hankook Tire Co. Ltd. The tiremaker announced on Nov. 8 its intention to sell its 9.98% stake in Hankook, a move some financial analysts say amounts to “cashing in on a failed
Nexen Supports Breast Cancer Awareness Campaign in S. Korea
Nexen Tyre Corp. is supporting the "Pink Ribbon" international campaign against breast cancer in South Korea for the first time.The tiremaker said it wants to increase awareness of the illness and highlight the importance of regular check-ups. The first part of Nexen’s support saw the company distribute free tickets to a baseball game featuring the
Top Shop Winner Gatto’s Hits The Big 4-0
Gatto’s Tires & Auto Service, based in Melbourne, Fla., is celebrating its 40th anniversary with special promotions and discounts.
TBC-Sponsored Show Highlights Veterans, Families
TBC Retail Group is a sponsor of Beyond the Battlefield presented by Service Central, a television show that provides military veterans and their families the opportunity to experience the outdoors through hunting and fishing trips.While the show features the outdoor hunting experience, its true purpose is to highlight and share the veteran’s experiences and how
Cash Flow: The Pulse of Your Business
Many small business owners do not fully understand their cash flow statement. This is surprising, given that all businesses essentially run on cash, and cash flow is the lifeblood of your business. Some business experts even say that a healthy cash flow is more important than your business’s ability to deliver its goods and services!
Cold Weather Brings Battery Sales Opportunities
If you live in the northern half of the country like I do, the hot summer will soon change to a cool fall. The leaves begin to change and the cold months of October and November will soon bring a rush of cold-weather battery performance complaints to your counter. Terminal VoltageIt’s imperative to remember the
Kumho, Insurance Firm Enter Partnership
On June 16, Kumho Tire Co. announced it has entered into a strategic customer services partnership with Samsung Fire & Marine Insurance, and will soon launch a full-fledged joint marketing program. In unveiling the details of this arrangement, the tiremaker commented that these days many businesses “are creating synergies through partnerships with other sectors.” As
Debit Card ‘Swipe Fee’ Change Will Impact Dealers
Banks and retailers are facing off in Washington, D.C., over a plan to reduce so-called "swipe fees" charged on debit card transactions – and tire dealers will experience the changes.The fee reduction, scheduled to take hold on July 21, is part of the extensive financial reform legislation Congress passed last year. The law required “reasonable”
Referral Programs Give Customers a Reason to Return
The worst number in marketing is one, and that’s because there’s no one single advertising magic bullet that will flood your showroom with red-hot leads ready to buy day after day.