Goodyear pays millions to settle African bribery case
February 26, 2015

Goodyear settles bribery charges for $16.2 million
Goodyear Tire & Rubber Co. has agreed to pay more than $16.2 million to settle charges by the U.S. Securities and Exchange Commission (SEC) that two of the global tire maker’s subsidiaries in Africa bribed employees of government and private companies, as well as police, tax and other officials, to secure tire sales.

Tire aging: Manufacturers are greedy, says writer
Here we go again, another yahoo talking about tire aging. But this "yahoo" is Ray Magliozzi, who writes the answers to the syndicated column "Dear Car Talk."

New Jersey may ban lead wheel weights
New Jersey has proposed a ban on lead and mercury wheel balance weights for all vehicles within the state, including passenger and commercial vehicles. If passed, New Jersey would become the eighth state to enact a ban on lead wheel balance weights.

Here's your chance to make it 'Your Marketplace'
About one-third of passenger tire dealers responding to Modern Tire Dealer's exclusive "Your Marketplace" survey say they believe business will improve over the next six months, while truck tire dealers are a bit more optimistic -- 43% are expecting an uptick in business.

Titan reports drop in sales and profits
Titan International Inc. reported sales for its fourth quarter 2014 were $383.3 million compared to $494.4 million in the fourth quarter of 2013. The company experienced a $65.9 million net loss in income from operations, compared to a gain of $0.6 million last year.

BKT names new U.S. president
Balkrishna Industires Ltd. (BKT) is naming a new president for BKT Tires USA Inc. following the resignation of Carl Casalbore.

SEMA hall-of-famer Raymond Bleiweis dies at 90
Raymond Bleiweis, an early member of the Specialty Equipment Market Association (SEMA) and 2008 inductee to its hall of fame, died Feb. 23, 2015, in Los Angeles. He was 90.

Nokian adds a winter tire for delivery vehicles
Nokian Tyres plc is tackling the extremes of winter for delivery vehicles and vans with the precise winter grip of the Nokian WR C3. Designed for both the urban streets and country roads of central Europe, the WR C3 offers passenger car-like driving comfort and low rolling resistance.

The Hybrid Shop hires sales vice president
The Hybrid Shop LLC (THS) has hired Carey Mellor as vice president of sales for the western U.S. He will focus on developing the dealer network on the west coast and key markets in the west.

Lori’s Listening

Social media: Tire dealers doubt it’s a cure-all
Social media is not a one-size-fits-all proposition, and independent tire dealers admit they’re not expecting it to result in mega sales.

Skid steer operators are on a tire-buying spree
An improving economy and products that address specific application and performance needs are fueling sales of skid steer tires, according to dealers and manufacturers. Customers are relying on commercial dealers to help determine the product best suited for their needs.

Mounting and balancing UHP tires
It’s quiet these days inside County Tire Center Inc. in Middlebury, Vt. The semiannual winter tire switch is over. But on those busy fall and spring days when this 10-bay shop is changing tires on 60 to 80 cars a day, owner Steve Dupoise and his nine full-time technicians are working to make every minute count. Technology advancements on both cars and tires don’t always make that easy.

'Car Talk' gets tire talk wrong when it comes to tire aging
Sensationalism. Media hype. Snarky comments. Those seem to be the goals of journalists these days. And bloggers (most of whom I don't consider journalists).

Improper tire pressure remains a hot topic in the cold weather
Whether or not the National Football League finds the New England Patriots guilty of cheating in the "Deflategate" scandal ("Of course they cheated," said one of my friends, an avowed Patriots fan), one truth came out of the debate. As the temperature drops, so does inflation pressure.

For wholesalers, 2014 was a VERY good year
After the first quarter of 2014, nearly half of the tire wholesalers responding to Modern Tire Dealer's exclusive State-of-the-Industry Survey reported unit sales were down. More than half reported their dollar sales were down.

U.S. Gasoline and Diesel Fuel Prices
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