July 4, 1985 |
A flood of imported tires entering the United States is swamping the nation's huge replacement tire market, eroding the profits of domestic producers, tire industry officials warned Wednesday. Goodyear Tire & Rubber, the nation's largest tire producer, said its second-quarter earnings are likely to be down 25% from last year, mainly because its "private brand" tire sales are suffering from increased competition from imports. In last year's second quarter, Goodyear earned $108.
May 8, 2000 |
When TireDex.com opened its business-to-business Web site late last year, executives at the company that bills itself as "the tire dealer's exchange" saw few road hazards ahead. The B2B wheel has continued to spin, however, and the Newport Beach-based company now faces significant competition from established automotive industry players and a cadre of online start-ups.
September 20, 2000 |
The Bridgestone/Firestone tire fiasco not only brings the lethal risks of badly made tires into clear focus, it also raises the troubling question of whether consumers generally have any defense against such defects. Tire industry experts say that American motorists are generally far too complacent about tire quality--that when buying tires, they seldom take into consideration easily obtainable information about important design characteristics.
July 28, 1998 |
Continental, the world's fourth-largest tire maker, said Monday it was expanding its business by buying the brake and chassis business of ITT Industries Inc. for $1.93 billion. Germany's Continental, whose brands include Uniroyal and General tires, said the purchase would enable it to participate in a trend toward producing entire car components, including so-called smart tire systems with electronic stability programs to stabilize a car during tight turns.
May 12, 2004 |
A good set of tires has always made a big difference in safety, fuel economy and handling, but one area that is getting new attention is the quality of tires to reduce or increase the amount of noise a vehicle makes. Tire manufacturers are racing to develop tires that reduce noise, aiming to meet tough new standards mandated by European and Asian nations that want to reduce noise pollution. Though U.S.
May 6, 1992 |
Rising production and falling consumption returned the natural rubber market to surplus last year, according to official figures. The International Rubber Study Group reported that world production rose to a record 5.38 million tons in 1991 from 5.21 million in 1990, while consumption dropped to 5.23 million from 5.24 million.