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Latest News
Thursday, July 02, 2009
Conti raises stake in Ecuadorian tire maker
CUENCA, Ecuador (July 2, 2009)—Continental Tire North American Inc. has increased its ownership of Compania Ecuatoriana del Caucho S.A. (Erco) to a majority stake and plans to use the company as a base to expand its presence throughout the Andean region.
Sumitomo sets up Falken Tyre Europe
KOBE, Japan (July 2, 2009)—Sumitomo Rubber Industries Ltd. has established Falken Tyre Europe GmbH, a tire sales company in Offenbach, Germany, to expand sales of Falken- and Ohtsu-branded replacement tires in Europe.
RMA: Tire age bill bad for industry
SACRAMENTO (July 1, 2009)—A California state bill requiring tire dealers to include tire age information on sales contracts would provide misleading information to consumers and put tire dealers at a competitive disadvantage against auto dealers.
Tire industry ready to talk on tire fuel efficiency
WASHINGTON (July 1, 2009)—Tire makers, tire dealers and their professional organizations are gearing up to give their take on the massive, complex proposed rule on tire fuel efficiency consumer information by the Aug. 21 deadline.
Tire coalition reacts to ITC ruling
WASHINGTON (July 1, 2009)—The American Coalition for Free Trade in Tires, representing six tire importers/marketers opposing the recent U.S. International Trade Commission decision to impose duties on Chinese tires, claim the action could hurt both small businesses and consumers.
ITC votes for duties, not quotas, on Chinese-made tires
WASHINGTON (June 30, 2009)—The majority of U.S. International Trade Commission commissioners have voted to impose duties, rather than quotas, on passenger and light truck tires made in China and imported into the U.S.
Bridgestone, Kumho announce recalls
WASHINGTON (June 30, 2009)—Bridgestone Americas Inc. and Kumho Tire U.S.A. Inc. are voluntarily recalling tens of thousands of tires because of possible safety defects.
Bridgestone expects to break even in ’09
TOKYO (June 25, 2009)—Bridgestone Corp. expects to break even in fiscal 2009 on lower unit sales, a stronger yen and higher fixed expenses related to lower output.
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