Can you afford to raise tire prices by 88%?
July 31, 2014

Tariffs and higher prices may be inevitable
The tariffs are coming. With them will be an increase in tire prices.

Goodyear 2Q: Higher income and record earnings
Goodyear Tire & Rubber Co. posted net income of $213 million on net sales of $4.7 billion for the second quarter ended June 30, 2014. That compares to income of $181 million on sales of nearly $4.9 billion for the same period last year.

Nitto adds all-weather tire to Grappler line
Nitto Tire U.S.A. has added an all-weather tire certified for use in severe snow conditions to its Grappler line.

Daniels Tire celebrates 75 years with Goodyear
Daniels Tire Service Inc., a 14-location commercial, consumer and OTR tire dealership based in Santa Fe Springs, Calif., is celebrating its 75th year as a Goodyear Tire & Rubber Co. customer.

Crowne Group to purchase Trico Products
Trico Products Corp. has signed a definitive agreement under which Crowne Group LLC will acquire the company from funds managed by Kohlberg & Co. L.L.C. Trico will maintain its headquarters in Rochester Hills, Mich., and the current management team, led by Lou Braga, president and CEO. Terms of the transaction were not disclosed.

TIA adds Tallahassee to training tour
The Tire Industry Association (TIA) will host a Certified Automotive Training Service (ATS) advanced instructor training course in Tallahassee, Fla. The program is scheduled for Oct. 7-10.

Carter expands fuel pump coverage
Carter Fuel Systems LLC has introduced more than 120 fuel module assemblies, electrical fuel pump sets, pump-and-hanger assemblies and other products for millions of late-model foreign nameplate and domestic passenger vehicles.

Lori’s Listening
The Biss List

Wheel weight update
From start to finish, it took only a few months to get the ban on lead wheel weights approved in Minnesota.

How to handle bad online reviews
Does your business have bad online reviews? Do you care? You probably do, and yes, you should care. Virtually every business will eventually receive some bad online reviews from its customers. It’s practically impossible to satisfy all your customers all of the time.

Giti Tire to spend $560 million on its first U.S. plant
Giti Tire Co. Ltd. announced June 16, 2014, that it is building a consumer tire plant in Chester County, S.C. Executives from Giti and its North American subsidiary, Giti Tire (USA) Ltd., joined South Carolina Governor Nikki Haley and state and county officials in announcing the plan.

Tariff update: Can you afford to raise tire prices by 88% just to break even?
The process of determining whether or not tariffs should be levied on consumer tire imports from China is well underway, and early reports out of Washington D.C. are not promising -- if you are against the tariffs.

Flashback: the day Kenda ruled the world
On July 20, 2003, Kenda may have been the most recognizable tire brand in the world. That was the day professional golfer Ben Curtis won what we in the United States often call the British Open.

I know where the next Goodyear plant will be built
A Goodyear Tire & Rubber Co. spokesperson recently told me that the company had not yet chosen a site for its new $500 million consumer tire plant. I believe that is true.

U.S. Gasoline and Diesel Fuel Prices
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