USA Archives - Page 254 of 268 - Tyrepress

Across the Atlantic they are called tires, while over here we use a “Y” and say tyres. This tag provides the latest tyre business news emanating from the United States of America (USA), whichever way you spell it.

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Funds And Manpower Contributed By Goodyear

Goodyear announced that it will contribute in excess of 1M US Dollars (1,081,775 Euro) to be divided between the New York Times 9/11 Neediest Fund providing aid to rescue workers, civilians and their families and the American Red Cross. The fund will probably exceed this figure as contributions are added by Goodyear employees. The company has also dedicated personnel to ensure the constant supply of tyres to sites in Washington and New York, and has dispatched tyre engineers to assist New York City’s tyre maintenance staff to avoid equipment downtime.

30th November 2001/by Tyrepress Editors

Cut In Earnings Forecast By Bridgestone

In Tokyo, the Bridgestone Corporation has slashed its earnings forecast for the year by 81%. The revised forecast is US$ 116 million, down from the August estimate of US$ 596.6 million. Bridgestone also said that it would take a US$ 750 million charge to cover the costs of the recall and possible lawsuits; more than double the original charge estimate of US$ 350 million.

30th November 2001/by Tyrepress Editors

Detention Order For GT Tycoon

Reports in the Straits Times claim that a 20 day detention order has been issued against Gajah Tunggal President Sjamsul Nursalim on money-swindling charges. There has been speculation that the move, which is one of a number against businessmen, might be politically motivated. A separate report asks whether the group will have to sell off assets to repay debts.

30th November 2001/by Tyrepress Editors

Firestone Settles Another Case In Texas

Bridgestone Firestone USA has paid an undisclosed amount of money to relatives of a woman who died after an Explorer rollover in which her son was also injured. It will be interesting to see what Ford will do. Two weeks ago it was the other way around when Ford settled a case first and Firestone agreed later to pay US$7.5 million.

30th November 2001/by Tyrepress Editors

Truck Tyre Production Ceases At Burnley

Michelin has announced the closure of its truck tyre plant at Burnley and an end of the production of steel cord at Stoke on Trent, with the loss of a total of 732 jobs. The closures are said to be due to the downturn in the US truck market. Burnley is to close in March 2002, steel cord production in September.

30th November 2001/by Tyrepress Editors

No Price Reductions For Chrysler

Goodyear, Chrysler’s number one tyre supplier in the USA, has resisted pressure to drop prices by 5%. Tire market competitor Cooper does not deliver tyres to Chrysler but its Technical Rubber Products generates every fourth dollar from business with Chrysler. We will see whether Cooper can resist the pressure from Chrysler to drop prices for products from its Technical Rubber Division.

30th November 2001/by Tyrepress Editors

Motor Manufacturers Step Back From Firestone

General Motors, which currently uses Firestone tyres as OE equipment on some 14 different models will be changing some cars and trucks to other Bridgestone brands this summer. Nissan will be dropping Firestone from its US Altima saloon when it relaunches in September. Both manufacturers stressed that the tyres they use were not connected with the Ford/Firestone recall troubles. However, GM’s Terry Rhadigan says,” We want our customers to have peace of mind.”

30th November 2001/by Tyrepress Editors

Internationalisation of SupplyOn

SupplyOn, an internet market platform for the automotive supplier industry, located near Munich, wants to enhance its international presence. Recently the company opened a bureau in Paris. Due to the great interest in a business-specific E-commerce platform, the company intends to establish a presence in the USA by the end of the year. To date, 25 international automotive suppliers are registered with SupplyOn, whose offer contains integrated solutions for buying, distribution, logistics and development.

30th November 2001/by Tyrepress Editors

Another Recall For Firestone

After last year’s disaster, Firestone is now making a voluntary recall of 98,000 Firehawk GTA-02 tyres. The size is P205/55 R16 and the tyres were mostly fitted as OE on Nissan Altima sedans in the USA. The problem is an over-wide steel belt which could lead to cracking at the shoulder – the design has since been modified. Both Bridgestone/Firestone and Nissan stress that the move is purely precautionary and that there have been no tread separations, accidents or claims associated with the tyre.

30th November 2001/by Tyrepress Editors

Are SUVs Safe Enough?

For month there has been bad publicity for the Ford Explorer because of spectacular rollovers. Now the US-Association NHTSA has asked DaimlerChrysler to supply information regarding the Grand Cherokee Jeep, built between 1995 and 1999. The NHTSA knows of more than 100 accidents, with injuries and one reported death. It is said that the automatic gears are not working properly. Quality problems of this sort have already led to the result that European and Japanese manufacturers of SUVs have significantly increased market share during the first half this year.

30th November 2001/by Tyrepress Editors

Donations From Bridgestone/Firestone Too

Bridgestone/Firestone has donated 100,000 US Dollars (108,178 Euro) to the American Red Cross Disaster Relief Fund. Customers can also make donations.

30th November 2001/by Tyrepress Editors

Early Retirement Offer From Goodyear

In the USA, Goodyear has offered an early retirement package to 700 white collar workers, around 8.5% of the white collar staff. Workers have until the middle of January to decide whether or not to accept the offer.

30th November 2001/by Tyrepress Editors

About Turn For Bridgestone/Firestone As It Re-hires Workers

There are reports that, in the USA, Bridgestone/Firestone Inc. will be re-engaging 330 of the 700 workers who the company laid off recently from its Oklahoma City factory. The plant manufactures passenger car tyres and the latest move is in response to a need to increase output because of rising sales.

30th November 2001/by Tyrepress Editors

Setback In Negotiations Between Carlyle And Continental

According to articles in German newspapers the negotiations between the US-Investment company and Continental for the purchase of ContiTech have hit a snag. It is said that Carlyle is not willing to pay the price that Continental expects. According to spokesmen from Continental the group is now negotiating with more than one potential partner.

30th November 2001/by Tyrepress Editors

German Acquisition For Watts

Watts Industrial Tyres has strengthened its European operations by the acquisition of Kollenbach, of Rheinberg, Germany. Said Jean-Paul Mindermann, MD of Watts-Industrie Reifen: “We had outgrown our own premises in Langenfeld and the Kollenbach acquisition has enabled us to double our operation in the Ruhr area.”

30th November 2001/by Tyrepress Editors