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News for May 2008

2008-05-30 Goodyear Launches High Performance Tire
Goodyear Tire & Rubber Co. announced the latest offering in its line of high-performance tires, the Eagle GT.
2008-05-30 TIA Announces NASA Federal Credit Union Benefit
The Tire Industry Association (TIA) announced its members and their employees are now eligible to join NASA Federal Credit Union.
2008-05-29 Michelin Giving Additional Half Million Euros to China Quake Victims
The Michelin Group announced on May 27 it would donate an additional 500,000 euros for victims of the earthquake that struck China’s Sichuan Province.
2008-05-29 Goodyear tire dealers offer 'free air'
Independent tire dealers throughout the country are educating consumers about the importance of proper tire inflation by participating in Goodyear Tire & Rubber Co.'s "Free Air" promotion.
2008-05-28 Yokohama Reaches Settlement in Patent Suit
Yokohama Tire Corp. and Yokohama Rubber Co. Ltd. have reached a final settlement agreement with Hangzhou Zhongce Rubber Co. Ltd. pertaining to design patent infringement, with Hangzhou agreeing to destroy the manufacturing molds and remaining inventory of its Westlake H280 tires.
2008-05-27 Yokohama Donates to Help Earthquake Victims
Yokohama Rubber Co. plans to donate some 10 million yen through the Chinese Red Cross Society to help sufferers of the Sichuan Province earthquake.
2008-05-27 Hankook to Buy Back Shares
News reports say that Hankook Tire Co. will spend $19.7 million to buy back 1.5 million of its outstanding shares.
2008-05-27 Bridgestone and Fiege Open Czech Republic Logistics Centre
On May 16, Bridgestone Europe and its logistics partner Fiege officially opened the new Bridgestone European Logistics Center East in the Czech Republic town of Bor.
2008-05-27 Pirelli Outlines Growth in Germany, Plans for Russia
During a press conference held at its factory in Breuberg, Germany, the Pirelli Group outlined its industrial activities and plans for tyre business expansion in this particular market, one the company sees as key for its growth strategies.
2008-05-27 Cooper Opens Asia Tech Center
Cooper Tire & Rubber has opened a new technical center near Shanghai.
2008-05-27 Lower Rolling Resistance, TPMS by 2012, Says EU
A host of new vehicle safety and environmental requirements, including several tyre related measures, will become obligatory as of 2012.
2008-05-23 Toyo Tire U.S.A. is the latest tire manufacturer to announce price increases
Effective July 1, 2008, Toyo Tire U.S.A. Corp. will increase pricing on its passenger, light truck and truck tires. The increases will vary up to 8%.
2008-05-23 Maxxis to triple warehouse space in Texas
Maxxis International - U.S.A. is moving its Texas operations to a new 185,000-square-foot facility to increase efficiency and improve customer service.
2008-05-22 Bridgestone/Firestone Canada Launches Scholarship Program
Canadian students will have the chance to win a scholarship by producing a compelling safety video and participating in the 2008 Safety Scholars Canada video contest, sponsored by Bridgestone/Firestone Canada Inc.
2008-05-22 Continental Re-ups as World Cup Sponsor
Continental AG will once again serve as the official sponsor of the World Cup, continuing its decade-long involvement in major soccer events.
2008-05-22 Toyo will increase production at U.S. plant
Toyo Tire & Rubber Co. Ltd. plans to boost annual production at its Toyo Tire North American Manufacturing Inc. plant in White, Ga., by 2.4 million units in 2010 and 3.2 million units the following year.
2008-05-20 Treadways adds to Sumitomo luxury touring tire
The Sumitomo HTRZ III luxury touring passenger tire, which was unveiled last November, is now available in 46 sizes.
2008-05-20 Goodyear ‘Considering’ $250 million Plant in Russia
Goodyear is reportedly considering building a five million unit tyre production plant in the Yaroslavl region of Russia, at a cost of between $200-250 million.
2008-05-20 Toyo rolls out Proxes ST II for light trucks
Toyo Tire U.S.A. Corp. has introduced the latest addition to its Proxes line, the Proxes ST II high performance tire, which targets SUVs, sport trucks and select crossover vehicles.
2008-05-19 General named official tire of off-road series
Continental Tire North America Inc.'s (CTNA) General brand has been named the official tire of the Lucas Oil World Series of Off-Road Racing, starting this year.
2008-05-19 Michelin marks Spartanburg plant anniversary
Michelin North America Inc.'s Spartanburg, S.C., plant is celebrating its 30th anniversary. The factory manufactures tires for commercial trucks and United States military vehicles.
2008-05-19 Kumho breaks ground on new R&D center
[[Kumho]] Tire Co. Inc. has broken ground on a new research and development center in Young-In, South Korea. The facility is scheduled for completion by the end of next year.
2008-05-16 Hankook Gets Global Supplier Award from Ford
Ford Motor Co. named Hankook Tire Co. as one of its top suppliers, presenting the tiremaker with its World Excellence Award.
2008-05-16 Conti Truck Tires See Increase
Continental Tire North America says it will raise prices on all of its medium and heavy truck tire tires by up to 8% as of July 1.
2008-05-16 Bridgestone and Toyo Buying Stakes in Each Other
Bloomberg has reported that Bridgestone Corp. and Toyo Tire & Rubber Co. will buy stakes in each other and work together on raw material procurement and production issues.
2008-05-15 Goodyear Rolls Out Hiring Opportunities
Amid a slow economy, Goodyear Tire & Rubber Co. put out the word it is hiring.
2008-05-15 Hankook supports Primetime Race Group with Ventus tires
Hankook Tire America Corp. has teamed up with Primetime Race Group. As part of the agreement, Hankook will serve as the team's official tire supplier for competition in the American Le Mans Series.
2008-05-14 New CTNA Test Track Opens
Continental Tire North America officially opened its new off road tire test track at its Uvalde Texas test center.
2008-05-14 New Firestone Industrial Products Facility in Costa Rica
Firestone Industrial Products Company LLC (FSIP) will open a new air spring manufacturing plant in Turrialba, Costa Rica.
2008-05-14 Hayes Lemmerz to Close U.S. Aluminium Wheel Facility
On May 12, Hayes Lemmerz International announced the planned closure of its aluminium wheel manufacturing facility in Gainesville, Ga. by the end of this year.
2008-05-14 Cooper Drops Starfire Brand in North America
Cooper Tire & Rubber has reportedly ceased production of its Starfire associate tyre range in North America, and the company may further reduce the number of brands it sells.
2008-05-14 Michelin to Demo Rolling Resistance Performance at London Show
Michelin has announced that it will run a live, full size demonstration its new Energy Saver tyres at the British International Motor Show at ExCel, London Docklands from 23 July to 3 August.
2008-05-13 Yokohama to Expand OTR Plant
The Yokohama Rubber Co. announced it will carry out a fourth-phase expansion of its Onomichi, Hiroshima Prefecture Plant to manufacture Off-the-Road (OTR) tires for use on mining and construction vehicles.
2008-05-13 Michelin China Announces Price Increases
Prices for passenger car tyres sold under the Michelin, Warrior and BF Goodrich brand names in China will rise between 3% 7%, says Michelin (China) Investment Co., Ltd.
2008-05-13 Bandag Raises Tread Rubber Prices
Prices for tread rubber products charged by Bridgestone Bandag Tire Solutions (BBTS) to its franchised dealers in the U.S. have increased by up to 5%.
2008-05-13 Bridgestone ‘Most Popular Tyre CV Show’
More Bridgestone tyres were fitted to display vehicles at the CV Show than any other brand.
2008-05-13 Goodyear HydraGrip Wins Auto Express Award
Auto Express Magazine’s annual Product Honours Awards report has recognised the Goodyear HydraGrip as the ‘Best Buy’ tyre in the family car tyre market.
2008-05-13 Conti Shod Fleets Get More Mileage
Continental Tyres is claiming that correctly managed fleets running on the German manufacturer’s products gain 22% more mileage in comparison with competing tyres.
2008-05-13 Yokohama Establishes Local Subsidiary in Brazil
The Yokohama Rubber Co. established a new overseas subsidiary, called Yokohama Rubber Latin America Comercio Ltda., in April in Sao Paulo, Brazil.
2008-05-09 Data Highlights Michelin Energy’s Wet Braking and Fuel Efficiency
Michelin is promoting its wet-braking and fuel efficiency qualities following glowing research from independent test centre, TÜV SÜD Automotive.
2008-05-09 Bridgestone's First Quarter Net Profits Down 18.4%
Bridgestone Corp. has reported an 18.4% fall in first quarter net profits, compared with the same period a year ago.
2008-05-09 ContiPremiumContact 2 Named in Auto Express Product Honours
For the second consecutive year, the ContiPremiumContact 2 has received a commendation from leading consumer publication, Auto Express, as part of its Product Honours 2008 feature.
2008-05-08 Kumho Plant Groundbreaking Set for Monday
Kumho Tire USA will break ground this Monday for its planned $225 million passenger and light truck/SUV plant in Macon, Ga.
2008-05-07 Cooper reports net income of $1.7 million on sales of $679 million
Cooper Tire & Rubber Co. reported net income of $1.7 million on net sales of $679 million for the quarter ended March 31, 2008. That compares to income of $20.7 million on sales $669 million for the same period a year ago.
2008-05-06 Cooper Joins Price Increase Fray
Cooper Tire & Rubber Co. plans to hike prices on its passenger and light truck/SUV tires, effective July 1.
2008-05-06 Goodyear will hike prices next month
Goodyear Tire & Rubber Co. is raising prices on all of its consumer tires up to 8%, effective on or after June 1. Increases cover all of the company's brands.
2008-05-05 New Kelly Regional Tire
Goodyear has launched the Kelly Armorsteel KRH, a regional tire for P&D and school bus applications.
2008-05-05 BFG Official Tire for Mustang Series
Michelin North America’s BFGoodrich brand is the presenting sponsor and official tire of the Ford Racing Mustang Challenge for the Miller Cup.
2008-05-02 Toyo Rolls out 41 Passenger, Light Truck Tires
Toyo Tire U.S.A. Corp. has rolled out forty-one new tires covering everything from economy to premium car drivers, performance car enthusiasts, to highway and hard core applications for light trucks.
2008-05-01 Amtel-Vredestein Sees Sales Boost, Net Losses
Amtel-Vredestein reported that it exceeded its 2007 sales target but expected to show a loss for the year.
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