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We are excited to announce the launch of this new electronic member update. TTDA TODAY is designed to keep our members up to date on the latest news and information highlighting the tire industry in Texas.





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INDUSTRY NEWS


Scrap tire bill introduced - SB 459
Senator Rodriguez has introduced a bill in the Texas Senate this session, SB 459, attached.

It is very similar to legislation from last session. It appears this bill would be a heavy burden to all tire dealers, retreaders and scrap tire facilities and still not solve any problems. This legislation would require each of us to first keep up with paperwork for customers who would like to keep their used tires for whatever reason. Secondly, and more importantly, it would require each of us to keep our scrap tires, casings and used tires in an enclosed, locked container. For many retailers, this would mean they would have to move our new tires out to make room for our scrap tires.

As introduced, TTDA is in opposition to the bill and recommends that current rules and laws be enforced before additional legislation is needed. TTDA will keep you up to date on this and other proposed legislation during this Session.

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How competing against mass merchandisers has changed
Modern Tire Dealer
"The more items you sell, the less need for the customer to go to the mass merchandising operation. This is still a service business, and you are in the best position to offer just this." Words to live by? They were spoken in May 1963, when Modern Tire Dealer quoted Dave Taylor, advertising and sales promotion manager for Walker Manufacturing Co. The "vigorous competition" from mass merchandisers prompted him to speak out.
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Texas won't change gas tax this session
Dallas Business Journal
The gas tax in Texas will likely stay the same this legislative session but lawmakers are looking for other ways to fund transportation projects. Some ideas, like increasing vehicle registration fees, still impact consumers, while others, like reallocating existing revenue streams, don't.
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Mitsubishi recalls electric cars for brake problem
Detroit Free Press
Mitsubishi is recalling about 1,400 of its i-MiEV electric cars in the U.S. because a brake pump can fail. The automaker says the recall affects 2012 models made from Dec. 2, 2011 through Sept. 7, 2012. A defective vacuum pump can stop working. That can reduce braking power, increase stopping distances and raise the risk of a crash.
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US retread output value grew 35 percent from 2009-2011
Tire Business
The value of U.S. production of retreaded tires grew 35 percent from 2009 to 2011, with retread exports increasing by 17 percent during the period, according to a report issued recently by the U.S. International Trade Commission. Some 680 facilities produced retread tires in 2011, along with 18 producing off-the-road tires, five making aircraft retreads and four making passenger retreads, according to the ITC report. Approximately 90 percent of these plants came under the umbrella of the "Big Three" retread technology companies — Goodyear, Bridgestone Americas and Michelin North America Inc.
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Mixing business and personal expenses on credit cards
Fox Business
The percentage of small business owners who use personal credit cards instead of business cards is rising, and if they aren't careful this could lead to financial trouble down the road. According to the National Federation of Independent Businesses, 49 percent of small business owners used personal credit cards for business expenses in 2011, up from 42 percent in 2009. During this same time period, the percentage of business owners who used business cards declined to 59 percent from 64 percent.
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Gas prices hit a historic high: What's driving them up?
The Christian Science Monitor
A combination of high crude prices, refinery shutdowns and early speculation has sent gas prices soaring to seasonal highs earlier than usual this year, with no signs of prices at the pump falling until spring, according to recent estimates.
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Bridgestone OE on Cadillac ATS
Tire Business
General Motors Co. is fitting the top trim version of the 2013 Cadillac ATS luxury sport sedan with 18-inch Bridgestone Potenza RE050A RFT run-flat radials, marking the first-ever Bridgestone run-flat OE fitment with GM.
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For small businesses, tax law has become a moving target
The New York Times
Tax planning can be difficult for a small business, all the more so when a lot of the work is left until the last minute — not by the owners or their accountants, but by Congress. Businesses will have to make sense of a number of tax changes approved on New Year's Day, along with some tax increases and other requirements approved earlier, notably in connection with health care programs.
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TTDA Today
Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644 
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