Stamford Tyres Reports Record Net Profit for FY 2006
(Akron/Tire Review) Stamford Tyres Corp. announced record net profit of $15.6 million for the financial year ended Apr. 30, an 80.8% growth over the $8.6 million recorded in 2005.
Autosport/Aftermarket Show Kick-Starts 2006
(Clacton, U.K./Tyres & Accessories) Autosport/Aftermarket Show has kicked off the new year with attendance already reported to be 8% ahead of 2004 figures. Tyres & Accessories brings you the all the latest news from the show.
From ‘Low Profile’ to UHP: Hankook Takes the High-Speed Road to Build Brand in U.S.
Hankook Takes the High-Speed Road to Build Brand in U.S.
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.
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.
Half a World Away
Like his American counterparts, Tire Town Komaoka store manager Yuji Asuke puts in long hours – 12 to 14 Monday through Saturday. But unlike many one-store American dealers, Asuke pulls in $1.3 million in annual sales with just himself and two other full-time employees.
From the Track to the Rack
From the Track to the Rack Racing tires, like passenger car tires, are specialized for different applications and purposes. Every form of racing has its own speed, traction and handling needs that require specially designed tires. A Formula 1 car obviously needs a different type of tire than a NASCAR racer or a NHRA Top
Racing For Retail Dollars: How Dealers Have Turned Race Track Involvement Into Large Profits
g. "We are perceived as being more of a hard-core retailer, especially with Falken and the other brands we carry," Trahan said. "We’re more prone to selling products for their performance characteristics. We don’t really believe in things like Plus-4. Performance is the No. 1 thing here. The look is secondary." Another thing that Trac
Dealer Diary: On Their Minds
On Their Minds For the past two years, Tire Review has brought you Dealer Diary, a monthly series that focuses on typical tire dealers and the ins and outs of their businesses.Both Dave Schardt, president of The Wheel Source in Dayton, Ohio, and Barry Steinberg, owner of Direct Tire and Auto Service in Boston, have
Their Best Interest: Honesty and Going By the Book The Only Way to Keep Customers
Their Best Interest Honesty and Going By the Book The Only Way to Keep Customers Diary ProfileBarry Steinberg, OwnerDirect Tire (Four locations)Location: Boston, Mass.Years in Operations: 26No. of Bays: 50No. of Techs: 22 service techs and 34 tire techsTire Brands Carried: Toyo, Cooper, Dunlop, Falken and PirelliAverage Jobs/Day: 275-325Tire/Service: 45%/55%Other Non-Tire Services: Complete undercar services, brakes,