The U.S. Tire Manufacturers Association (USTMA) announced the election of Stephen R. McClellan as chairman of the Board of Directors, for a two-year term starting Oct. 3. McClellan is president of The Goodyear Tire & Rubber Company’s Americas business unit.
McClellan succeeds Jim Hawk, chairman, Toyo Holdings of America, Inc., who served as USTMA’s board chair since 2016.
Read the source article at Tire Review
ROLLING MEADOWS, Ill. – Goodyear’s race tire plant in Akron is one of four manufacturing enterprises to have earned a 2018 Excellence Award from the Association for Manufacturing Excellence.
Read the source article at Rubber and Plastics News
American Tire Distributors Inc. (ATD) has entered into a definitive agreement with approximately 75 percent of its bondholders on the terms of a recapitalization that would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing transformation. The terms of the agreement are substantially similar to those contemplated by the agreement in principle the company previously announced on Sept. 4.
Read the source article at Aftermarket News
Vipal Rubber, a tire retreading manufacturer, was present in another edition of the IANA Intermodal Expo, held on September 16-18, in Long Beach, California. This is the third consecutive year that the brand attended the convention, aimed at carriers of the intermodal sector in the United States.
Read the source article at Traction News
WASHINGTON — President Trump is moving forward with new tariffs on more than 5,700 products imported from China — including virtually every type of tire — worth an estimated $200 billion.
The tariffs will start at 10 percent starting Sept. 24 and then rise to 25 percent on Jan. 1, 2019.
Most business sectors in the U.S., including the auto aftermarket, received the news with dismay, but some — such as U.S. retreaders — hailed the tariffs as a key protection against an onslaught of unfairly underpriced Chinese imports.
The Office of the U.S. Trade Representative (USTR) released the final list of goods, coming to 194 pages with a total of 5,745 tariff lines. The original list issued July 10 ran to 205 pages and contained 6.031 tariff lines.
The revised list contains hundreds of tire- and rubber-related items, including:
- Virtually every type of pneumatic tire, including …
Read the source article at Tire Business
Joseph Hinrichs, Ford executive vice president-global operations, is concerned about the ramifications of missing deadlines for completing NAFTA negotiations, and says automakers are pressing Washington for a broad trade agreement covering all of North America.
Read the source article at WardsAuto
A familiar face has returned to Goodyear Tire & Rubber. As of 20 September, Darren R. Wells is back with the tyre maker as executive vice-president and chief financial officer – a position he held between 2008 and 2013. He succeeds Laura Thompson, who in June announced her intention to retire in the first quarter of 2019 following a 35-year career with the company.
Read the source article at Tyrepress
Bridgestone Americas and Bridgestone Canada announced the voluntary noncompliance recall of 2,700 tires from four commercial truck tire models. The tires are all-position, wide-base radials in size 425/65R22.5.
—Firestone FS818 tires with date codes 2318 and 2418;
—Bridgestone M854 tires with date codes 2418 and 2518;
—Bridgestone M860A tires with date code 2518; and
—Bridgestone M864 tires with date codes 2318 and 2418.
Read the source article at Traction News
The Standard Rate for the 2018 Traction Summit expires today. Don’t miss your opportunity to hear the latest opportunities and challenges for the tire industry, in this new, disruptive age; build relationships, learn about next steps, and much more.
Read the source article at tractionsummit.com
Online tire sale platform
The online retailing helps in reaching out too many consumers without launching stores and this results in cost benefits which are ultimately passed on to the customers. Moreover, increasing spending on e-commerce platform by OEM’s due to high internet penetration rate will drive the online tire market during the forecast period as well.
Read the source article at openPR.com