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Goodyear's 5 most dramatic goals in 2015
Modern Tire Dealer
Goodyear Tire & Rubber Co. has set some very aggressive goals for itself — and its dealers — in 2015. The company shared them with the record 2,140 people attending the recent Goodyear dealer conference in Grapevine, Texas. Some seemed more business-altering than others. One of the attendees, Modern Tire Dealer editor Bob Ulrich, found five of them particularly dramatic.
China rubber group to appeal anti-dumping duties
The China Rubber Industry Association is organizing an appeal by domestic tire makers against the recent U.S. decision to impose heavy anti-dumping duties on passenger and light truck tires imported from China. "To issue such high duty rates would impair China’s tire manufacturing sector as well as harm the interests of American consumers," CRIA said in a recent release.
Car industry heads lobby to drop tariffs between EU, US
The heads of German car companies including BMW, Daimler and Audi lobbied politicians recently to reach a trade deal that could see tariffs dropped between the United States and the European Union. BMW boss Norbert Reithofer said around 40 percent of all cars produced are sold in Europe and the United States. Removing tariffs would yield savings of around $1.1 billion for the German auto industry alone, he said.
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Looking to get published this year?
In an effort to enhance the overall content of TTDA Today, we'd like to include peer-written articles in future editions. As a member of TTDA, your knowledge of the industry lends itself to unprecedented expertise. And we're hoping you'll share this experience with your peers through well-written commentary. Make 2015 the year you get published as an expert in your field! Our group of talented editors can help with final edits. If you're interested in participating, please contact Ronnie Richard to discuss logistics.
Automakers recall 2.1 million vehicles for faulty air bags
The auto industry's troubles with air bags deepened Jan. 31 when federal regulators said three major carmakers will recall 2.1 million older vehicles. Toyota, Chrysler and Honda vehicles are being recalled for a second fix for faulty air bags that may inadvertently inflate while the car is running. The recall includes some Acura MDX, Dodge Viper, Jeep Grand Cherokee, Honda Odyssey, Pontiac Vibe, Toyota Corolla and Toyota Avalon models made from 2002 to 2004.
Gridlock may complicate matters for tire industry in 2015
This year promises to be an intense year in legislation and rulemaking for all stakeholders in the tire and rubber product industry. 2015 also ushered in a new Congress in which Republicans hold firm control of both the Senate and House of Representatives. However, how much correlation there will be between those two facts is debatable. Political commentators — in the industry and elsewhere — expect at best only a slight loosening of Congress' legislative logjam this year. They also expect President Obama to start wielding his veto power against bills dear to the GOP.
The secret to smarter customers
By Carol Heiberger
I want to be a good customer. I don't mean that I want to spend a lot of money at a particular establishment or with a particular vendor. What I want to do is communicate comfortably and easily with the people who are providing me with a service. Then, they know what I want and can deliver it, and we'll both be happy. My 3-year-old niece is told to "use your words" instead of crying. But what happens when I don't have the words to use? Herein lies the dilemma.
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Honda crash death exposes weaknesses in recall system
The driver of a 2002 Honda Accord who died earlier this month in a crash involving a ruptured Takata airbag inflator hadn’t been notified that his vehicle was recalled in June 2014 for the suspect inflators, a Honda spokesman said. The fatal Jan. 18 crash marked the sixth death linked to inflators made by Takata and highlights some of the pitfalls of the current vehicle recall system.
Bain Capital to buy parts-maker TI Automotive
The New York Times
Bain Capital has agreed to buy TI Automotive, a nearly 100-year-old auto parts-maker, after two earlier attempts to strike a deal. Terms of the agreement, which was announced recently, were not disclosed. The current owners include Oaktree Capital Management, which acquired the company with other investors in 2007. Bain Capital, the private equity giant based in Boston, has invested in a number of auto parts suppliers over the years, including Sensata Technologies of the Netherlands and FTE Automotive of Germany.
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