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American Truck Orders Reach Lowest Level in Six Years

FTR Associates’ preliminary data shows that Class 8 total net orders for all major North American OEMs fell to 6,167 units in February, the lowest order rate in over six years. The figure includes orders for the US, Canada, Mexico and for export. February orders, said FTR, declined 21 per cent from January levels and fell some 60 per cent against February 2008.

Eric Starks, president of FTR Associates, said, “we have been anticipating this slow-down in order activity for some time now and expect orders to drop to 5,000 units or below over the next several months.” (Tire Review/Akron)

4th March 2009/by Tyrepress Editors

Wages Frozen at Michelin North America

Wages for Michelin employees in the US, Canada and Mexico are to be frozen throughout 2009. The company, whose net income dropped more than 53 per cent in 2008, is also eliminating bonuses this year for the five or so per cent of Michelin North America employees normally eligible for such an entitlement.

“In light of the severe and continuing global economic downturn and its impact on the tire markets, Michelin is taking additional actions to protect cash flow, reduce costs and maintain competitiveness,” said Michelin North America chairman and president Dick Wilkerson. “The company is profitable in North America. We are taking what we think is prudent action.”

16th February 2009/by Tyrepress Editors

Yokohama Driver 1st Woman to Win 2 Off-Road Truck Championships

Yokohama Tire Corporation-sponsored Heidi Steele became the first woman driver to win a Best in the Desert (BITD) off-road racing truck championship when she placed third at the Fabtech Desert Classic in Henderson, Nevada on Saturday, December 6. Steele also became the first woman truck champion in SCORE (Class 7SX mid-size truck) after taking a second-place class finish in November’s Baja 1000 in Ensenada, Mexico.

18th December 2008/by Tyrepress Editors

Former Bridgestone Executive Sentenced for Role in Price Fixing

A former Bridgestone Corporation executive has received a two-year prison sentence for his role in the marine hose bribery and price fixing affair uncovered in 2007. On December 9 the US Justice Department announced that Misao Hioki, who entered a guilty plea in a US district court in Houston, Texas, received the prison sentence plus a US$80,000 fine. Hioki is the ninth person to plead guilty during the Justice Department’s investigation.

11th December 2008/by Tyrepress Editors

CTNA Raises Prices in Mexico

Continental Tire North America said it will raise truck tyre prices in Mexico at the start of the new year.Its unit there, Continental Tire de Mexico, S.A. de C.V., will raise medium truck tyre prices by up to 8 per cent beginning 1 January, 2009. (Tire Review/Akron)

10th December 2008/by Tyrepress Editors

ArvinMeritor 2008 Results Show Reduced Losses, Increased Sales

ArvinMeritor reports achieving sales of US$1.72 billion in the quarter ending September 30, an increase of 8 per cent on the corresponding quarter of 2007. Operating income during this, the company’s fourth quarter, is reported as $40 million, up from the previous year’s quarterly loss of $16 million. The vehicle systems and components manufacturer’s net loss, however, was substantially larger than in the fourth quarter of 2007, standing at $153 million, as opposed to $62 million.

For the full financial year to September 30, sales were $7.167 billion, up 11.1 per cent from the 2007 year. ArvinMeritor attributes this improved result to strength in Europe and South America. The company’s operating income of $186 million showed a 251 per cent improvement, and net loss, at $101 million, was far lower than in 2007, when a net loss of $219 million was recorded.

20th November 2008/by Tyrepress Editors

Firestone F560 Classic Radials

North Hants Tyres is now importing the original Firestone F560 range. The range includes 145 5×13,155×14,125×15,135×15,145×15,155×15, and 165×15. They are popular fitments for vehicles of the 70s and 80s including the Citroen 2CV, Citreon Ami, VW Beetle, and Morris Minor. Production was moved from France to a modern manufacturing plant in Mexico where there is the ability to produce high quality small production batches. NHT offers trade terms to tyre dealers and delivery is a next day service by UPS.

5th September 2008/by Tyrepress Editors

US-Mexico Border Tyre Removal Agreement Signed

On August 15 environmental officials from ten states along both sides of the border between the USA and Mexico signed the Tire Initiative Letter of Understanding, a document committing the states to combat the issue of scrap tyres in the interest of public health. The agreement, signed during the annual Border Governors Conference in Los Angeles, is a joint partnership between the US Environmental Protection Agency (EPA) and the Mexican Ministry of Environment and Natural Resources.

19th August 2008/by Tyrepress Editors

JK Tyre Quarter Profits Hit by Increased Costs

Third quarter profits for JK Tyre & Industries Ltd were dented by rising material costs. Although sales in the three months to June 30,2008 were 17.7 per cent up on the previous year, between April and June the company recorded a net profit of Rs 202.4 million (£2.37 million), an increase of just 0.25 per cent on the previous year’s third quarter. Net sales for the quarter were Rs 8.49 billion (£99.57 million), as opposed to 7.22 billion (£84.68 million) a year earlier.

25th July 2008/by Tyrepress Editors

Maxxis Dominates Baja 500 ATV

Maxxis is celebrating top performance from its Razr ATV tyres in the 2008 Baja 500 ATV. With a victory for Wayne Matlock’s team and a third place finish for Mike Cafro’s crew – both riding Honda TRX 700XX machines – Maxxis dominated the 500-mile race, which was held in Ensenada, Mexico, from May 30-June 1.

After what ATVriders.com called “almost a flawless run,” Matlock and his team-mates won in a time of 10 hours, 10 minutes and 40 seconds – a mere 21 seconds ahead of the second placed team.

18th July 2008/by Tyrepress Editors

Delphi Plans to Sell Brake Business

(Aftermarketnews.com) Delphi Corp. has retained W.Y. Campbell & Company to assist it in exploring sale opportunities for its brake business.

Delphi’s Brake business has estimated 2008 revenue of $295 million and more than 1,000 employees globally throughout three manufacturing and assembly facilities located in Juarez, Mexico, and Shanghai, China.

The business also has technical centers in Shanghai; Brighton, Mich.; and Dayton, Ohio. (Tire Review/Akron)

16th July 2008/by Tyrepress Editors

Michelin Expands Truck Stop Presence

Michelin North America added 32 truck stops to its U.S. truck tire service network.

“Truck stops play a vital role in supplying tires and emergency services for the trucking industry,” said Marc Laferriere, vice president of marketing for Michelin Americas Truck Tires. “This expansion deepens the availability of Michelin products and services along America’s highways and will help to meet the soaring demand for Michelin X One wide single tires, which deliver excellent fuel and weight savings.”

The new truck stops are located on Alabama, California, Kentucky, Georgia, Florida, Indiana, Minnesota, Missouri, North Carolina, New Jersey, New Mexico, New York, Oklahoma, Texas, Utah, Washington and Vermont. (Tire Review/Akron)

9th July 2008/by Tyrepress Editors

Boldly Going Where No Tyre Has Gone Before

Fancy yourself a racer with your kitted out Fiesta, sports alloys and low profile rubber? How fast can you go on those performance tyres of yours? The tyres Steve Bennett plans to use on his latest ride will provide a level of performance that puts your pride and joy to shame….

2nd July 2008/by Tyrepress Editors

JK Tyre Acquires Mexican Firm Tornel

Indian tyre firm JK Tyre & Industries has completed the purchase of a 100 per cent stake in Mexican manufacturer Tornel. The company reportedly spent 2.7 billion Rupees in bringing Tornel under its control. The move adds a 290 tonne production capacity in Mexico to JK’s domestic capacity of 650 tonnes.

In a statement from JK Tyre, the reasons cited behind the acquisition included the desire to increase the global impact of the firm, while the location of Mexico was particularly important in opening access to the North American Free Trade Agreement and the developing territories in Central and South America.

24th June 2008/by Tyrepress Editors

US Tyre Dealer Stocks Ultimate Off-Road Product

Some tyres, most notably those designed for rugged, off-road purposes, sport particularly macho names: g-Force, Grabber, Wrangler, Couragia. It is, therefore, somewhat surprising that nobody has used the name Bear for a tyre. But one simply can’t, alas, walk into a tyre dealer and see a bear on display. Except perhaps in the US state of New Mexico.

Officers from New Mexico Game and Fish were called to a tyre centre in the town of Estancia on June 18 after being notified that a brown bear was peacefully snoozing in front of an air conditioning unit. Officers managed to trap the bear without undue drama and take it away to a nearby forested area.

When relating his experience to local media, centre owner Rick Lopez commented that the bear “almost looked like he had fake paws on because they were so big.” The bear was last seen loping into the woods; T&A have been unable to confirm whether its paws were genuine or fake.

23rd June 2008/by Tyrepress Editors