COLUMBUS, Ohio — An Ohio man has agreed to plead guilty to orchestrating a Ponzi scheme involving OTR tires that defrauded at least 46 investors of an estimated $50 million.
OTR tires at heart of Ponzi scheme that cost investors $50 million
Nexen Tire Motorsports Kicks Off 2019 Formula DRIFT In Long Beach
Nexen Tire America has officially kicked off the 2019 Formula DRIFT season with this year’s Nexen Tire Motorsports Formula Drift team. Nexen Tire Motorsports introduced its team at the season kick-off event – Formula DRIFT Round 1: Streets of Long Beach – April 5-6 with all drivers running laps on Nexen Tire N’Fera SUR4G street-legal drift tires.
Bridgestone introduces SmartWay-verified R284 Ecopia steer tire
NASHVILLE, Tenn. — Bridgestone Americas Inc. has launched a premium, SmartWay-verified steer tire, the Bridgestone R284 Ecopia, as an upgrade over the Ecopia R283A for long-haul and regional trucking applications.
Nexen Tire Adds New Winter Tires
Nexen Tire has recently announced the expansion of its winter tire lineup.
The company has redesigned its WinGuard WinSpike WH62 for passenger vehicles and the WinGuard WinSpike WS62 for CUV/SUV vehicles from the ground up. The new releases have been developed for enhanced performance on snow and ice conditions. To meet increasing market demands, Nexen offers the tires in expanded size lineups.
Bridgestone wins tire-design IP case in China
Tokyo – Bridgestone Corp. has won a design-rights infringement lawsuit against Chinese tire maker Shengtai Group, Bridgestone announced 12 April.
The “favourable ruling” in the Beijing Intellectual Property Court came more than three years after Bridgestone filed the lawsuit in September 2015.
The lawsuit claimed that Shengtai Group utilised a truck tire tread pattern patented by Bridgestone and was, therefore, in violation of the design rights.
Hankook Tire Canada Appoints New President And CEO
Hankook Tire Canada Corp. has announced the appointment of In Hyuk Rhee as president and CEO.
During a career with Hankook Tire spanning back to 1993, Rhee has served as both manager of the Motorsports team at Hankook Global, as well as manager of marketing strategy at Hankook’s European headquarters.
New Minister Wind-Up Direction to OTS
As a result of the resolution of certain outstanding tax matters OTS has with the Canada Revenue Agency (CRA), the amount of surplus funds remaining once all liabilities associated with wind-up have been settled will be more significant than contemplated at the time of writing the Wind-Up Plan. On April 2nd, 2019 OTS was directed by Minister Phillips to revise the approach to managing these surplus funds to return them to tire consumers.
You can read the Minister’s Direction Letter here and the OTS reply here.
OTS will be consulting on options for complying with the Minister’s Direction. Details on consultation opportunities are being developed and will be posted here.
Bridgestone Joins International Space Exploration Mission with JAXA and Toyota
COLORADO SPRINGS, Colo., April 10, 2019 /PRNewswire/ — Bridgestone Corporation today announced that it will take part in an international space exploration mission together with the Japan Aerospace Exploration Agency (JAXA) and Toyota Motor Corporation. Recently announced by JAXA and Toyota, the goals of this mission are to expand the domain of human activity and develop intellectual property on space exploration. Bridgestone’s mission assignment is to research the performance needs of tires for use on manned, pressurized rovers*1 in order to help these rovers make better contact with the surface of the moon.
Manned, pressurized rover for lunar surface mobility and exploration. Courtesy of Toyota Motor Corporation
Example of a contact patch
Goodyear branches out to address new mobility trends
AKRON—Chris Helsel, Goodyear’s senior vice president and chief technology officer, must need a large score card to keep up with the activities of his global research and development team.
Working out of four global innovation labs, the Akron-based firm has a broad range of ongoing projects, many focused on the future of transportation and mobility, and others looking to improve the performance of its tires that are used in today’s world. There are numerous partnerships, trends to keep up with and splashes to be made at such iconic venues as the recent Geneva International Motor Show.
‘Driving to the Future’ theme of Tire & Rubber Summit in Toronto
CAMBRIDGE, Ontario — The Tire and Rubber Association of Canada (TRAC) will explore the tire and rubber industry’s advances in technology, innovation, regulation and economics at a two-day conference, Tire & Rubber Summit 2019, scheduled for June 11-12 in Toronto.
The Summit — themed “Driving to the Future” — features a lineup of presentations from executives…