Three Tire Companies File Suit Against Chemical Maker

(Akron/Tire Review) Bridgestone/Firestone North American Tire (BFNAT), Bandag Inc. and Pirelli Tire North America (PTNA) have filed a federal lawsuit in Nashville, Tenn., against Middlebury, Conn.-based chemical manufacturer Chemtura Corp.

Published: July 10, 2006

The suit seeks refunds and triple damages from the chemical maker for goods purchased during a global price-fixing conspiracy involving Chemtura.

Chemtura, then known as Crompton Corp., and other international chemical makers pleaded guilty in 2004 to participating in an international conspiracy between 1995 and 2001. The company agreed to pay $56.8 million in fines to U.S. and Canadian authorities in March 2004.

"Defendants conspired in a global price-fixing scheme that had the direct and substantial effect of keeping prices paid by purchasers in the U.S. artificially high," according to the lawsuit.

Yokohama Rubber partners with Haupt Racing Team

Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) with Advan tires.

By Christian Hinton

Published: April 24, 2024

Yokohama Rubber has signed a partnership agreement with Mercedes-AMG Customer Racing’s Haupt Racing Team (HRT). As part of the Advan Challenge that seeks to maximize sales of Advan tires, Yokohama Rubber said it is aiming for victories at the Nürburgring 24-Hour Race and Nürburgring Langstrecken Serie (NLS) by supplying its Advan racing tires for the Mercedes-AMG GT3 being entered in those races by HRT.