Menegaux to succeed Senard as Michelin CEO in 2019

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CLERMONT-FERRAND, France — Group Michelin’s board of directors is recommending Florent Menegaux, senior executive vice president and chief operating officer, to succeed Jean-Dominique Senard as CEO when Mr. Senard’s term expires in 2019.

Read the source article at Tire Business

Hankook eyes continued sales growth, profits rebound in 2018

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SEOUL, South Korea—Hankook’s management expects profits to rebound in 2018 as the company focuses on increasing its sales of higher value-added products and diversifying its OE portfolio.

Read the source article at Rubber and Plastics News

Toyo Tires Announces Organizational Restructure, Personnel Changes

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Toyo Tire & Rubber Co. has announced changes to its organizational structure, assignments for corporate officers and personnel changes, taking effect the start of February.

Toyo’s President and CEO Takashi Shimizu said in a press release that the company changed its organizational structure to better align with its operational functions and reinforce management in each of the company’s divisions: R&D, sales, production and other corporate functions.

Read the source article at Aftermarket News

Walmart honors Giti Tire with U.S. manufacturing award

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BENTONVILLE, Ark. — Walmart Inc. has honored Giti Tire (USA) Ltd. with a U.S. Manufacturing Award that recognizes offshore suppliers that have initiated production in the U.S.

Read the source article at Tire Business

Alliance Tire Americas Gets John Deere’s Highest Supplier Rating

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Alliance Tire Americas has been recognized for having the highest supplier rating from John Deere & Company.

The tiremaker, owned by the Yokohama Rubber Co., was named the company’s partner-level supplier for 2017 in the John Deere Achieving Excellence Program. Alliance Tire Americas is a supplier of farm, OTR and industrial tires to John Deere’s operations in several locations.

Read the source article at Tire Review

GM reports $3.9 billion loss for 2017

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General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale. But GM’s continuing operations made $300 million last year, still down 96 percent from 2016. The Detroit automaker’s earnings-per-share reached $6.62. GM said last month it expected earnings-per-share of $6.50.

Read the source article at The Detroit News

How Likely Is Your Industry to Be Disrupted? This 2×2 Matrix Will Tell You

The topic of industry disruption — “a process whereby a smaller company with fewer resources is able to successfully challenge established incumbent businesses” — is rife with misconceptions. One of the biggest is that it is a mysterious, random, and unpredictable event. Another is that it happens to you in ways that are beyond your control. Those views may have been valid at one time, but they no longer apply. Industry disruption, as Accenture research has found, is reasonably predictable. And with wisdom about its predictability comes opportunity.

 

Read the source article at Harvard Business Review

The Art of Turning Complaints into New Customers

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The auto industry is hyper-competitive. Consumers have countless choices for buying and servicing their vehicles; from competing franchise dealerships to independent service centers. It is thus important to do the best to not only keep your customers happy, but also to continuously improve the customer experience to earn loyalty, referral business through word-of-mouth and online reviews, and to increase retention.

Read the source article at DealerELITE.net