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Tire Industry NewsMonday February 8, 2010
SEMA accepting hall of fame nominations
DIAMOND BAR, Calif. (Feb. 8, 2010) — The Specialty Equipment Market Association (SEMA) is accepting nominations for its Hall of Fame, which is marking its 40th anniversary.

Toyo unveils 2010 model poster
CYPRESS, Calif. (Feb. 8, 2010) — Toyo Tire U.S.A. Corp. has unveiled its 2010 double-sided model poster, showing off both its Open Country M/T-R and Proxes R1R tire lines.

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Michelin gives loans to three Alabama businesses
OPELIKA, Ala. (Feb. 8, 2010) — Michelin North American Inc. has expanded its Michelin Development low-interest loan program to East Alabama, naming three area businesses to receive a total of $500,000 in aid.

TBC stepping up motorsports involvement
WEST PALM BEACH, Fla. (Feb. 8, 2010) — TBC Corp.’s Retail Division will expand its burgeoning motorsports sponsorship activities this year by backing up-and-coming Florida racer Blake Koch in NASCAR’s development series and agreeing to sponsor an Automobile Racing Club of America (ARCA) race.

Bridgestone Americas hikes ag tire prices in U.S., Canada
NASHVILLE, Tenn. (Feb. 8, 2010) — Bridgestone Americas Tire Operation’s Agricultural Tire, U.S. & Canada commercial tire sales division (BAAG), will raise prices April 1 on all Firestone-brand farm, construction and forestry tires and all Bridgestone-brand garden tires sold in the U.S. and Canada replacement markets.

Bridgestone Bandag unveils ad campaign, new tires
MARCO ISLAND, Fla. (Feb. 8, 2010) — Bridgestone Bandag Tire Solutions (BBTS) has launched a national brand advertising campaign highlighting its ability to customize complete tire programs for individual fleets.

CTNA changes name, legal status
FORT MILL, S.C. (Feb. 8, 2010) — Continental Tire North America Inc. has changed its name and legal status to Continental Tire the Americas L.L.C. to reflect the unit’s increased responsibility for both North and South America.

Snider Tire completes Consolidated Tires buyout
GREENSBORO, N.C. (Feb. 8, 2010) — Snider Tire Inc. has completed its acquisition of Greenville, S.C.-based Consolidated Tires Inc.

ATD plans stock offering (Update)
CHARLOTTE, N.C. (Feb. 8, 2010) — American Tire Distributors Holdings Inc. (ATD) is planning a public offering of shares on the New York Stock Exchange to repay its debt.

NLRB nominee may be headed for Senate filibuster
WASHINGTON (Feb. 8, 2010) — Although a Senate committee approved Harold Craig Becker for a seat on the National Labor Relations Board (NLRB) on Feb. 4, the 13-10 party-line vote signals that Republicans may block his controversial nomination with a filibuster this week.

MyTireMonkey.com changes name, Web address
EDENTON, N.C. (Feb. 5, 2010) — Internet-based tire retailer MyTireMonkey.com will drop the “My” from its name and Web site—becoming TireMonkey.com—effective Feb. 10.

Toyo’s Ga. plant reaches 5-million-tire milestone
WHITE, Ga. (Feb. 5, 2010) — Toyo Tire North America Manufacturing Inc. recently produced its 5-millionth tire at its 4-year-old plant in White.

Unemployment rate drops to 9.7 percent, but 8.4 million remain out of work
WASHINGTON (Feb. 5, 2010) — The U.S. unemployment rate dropped from 10 percent to 9.7 percent in January 2010, according to the latest report from the Bureau of Labor Statistics (BLS).

Federal Tire unveils new dealership showroom displays
TAIPEI, Taiwan (Feb. 5, 2010) — Federal Tire Corp. is launching a dealership showroom display for its tires that is hopes will increase U.S. consumers’ awareness of its products.

2011 Vette Z06 gets Goodyear OE fitment
AKRON (Feb. 5, 2010) — Goodyear’s newest ultra-high performance tire, the Eagle F1 SuperCar G:2, has earned an original equipment fitment on the 2011 Chevrolet Corvette Z06.

Goodyear names ‘Get There’ Award winners
AKRON (Feb. 5, 2010) — Goodyear has named three winners of its Goodyear “Get there” Award, a recognition program designed to honor those most responsible for helping U.S. athletes to achieve their dreams of competing in the Olympics.

Some 15 ContiTread retreading plants expected to open in Mexico
MONTERREY, Mexico (Feb. 5, 2010) — Continental Tire North America Inc. (CTNA) expects to establish itself in the Mexican retreading market with the opening of about 15 ContiTread retreading plants over the next year.

Michigan DEQ claims success, makes future plans for scrap tire program
LANSING, Mich. (Feb. 5, 2010) — Michigan’s scrap tire management program has achieved great success, but the state must plan carefully to maintain and build on this success, according to a new report from the Michigan Department of Environmental Quality (DEQ).

Bill would end antitrust break for health, med malpractice insurers
WASHINGTON (Feb. 5, 2010) — Two freshmen U.S. House representatives said Feb. 4 that they plan to introduce a bill this week that will repeal the McCarran-Ferguson Act’s limited antitrust exemption for health insurers and medical malpractice liability insurers.

Toyota weighs Prius recall in U.S., Japan; Akio Toyoda to speak on quality
TOKYO (Feb. 5, 2010) — Toyota Motor Corp. is considering a recall of its popular 2010 Prius hybrid in the U.S. and Japan to address complaints about slipping brakes after transportation authorities in both countries ordered investigations.

Conti raising industrial tire prices
FORT MILL, S.C. (Feb. 5, 2010) — Continental Tire the Americas L.L.C. is raising prices 4.5 percent on industrial tires in the U.S. and Canada, effective March 1 and 15, respectively.

Research firm sees rubber demand rising 4.3 percent
CLEVELAND (Feb. 5, 2010) — Global rubber demand will rise at a 4.3-percent annual rate through 2013, helped in part by a recovery in vehicle production in the U.S., Canada and France, according to a new report.

ASA involved with Central American trade show
ATLANTA (Feb. 4, 2010) — The Automotive Service Association (ASA) has agreed to cooperate with PAACE Automechanika Mexico, called Mexico and Central America’s most important international trade show for the automotive aftermarket.