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Reacting to tariffs, manufacturers increase pricing on value tires
Modern Tire Dealer
According to the results of our survey, demand for replacement tires was flat in January. Indeed, from a volume standpoint the dealers reported they only sold 0.1 percent more tires in January on a year-over-year basis, following a 0.7 percent increase in December and a 0.9 percent increase in November.
We were pleased to see volumes remain positive for the 12th consecutive month; however, volumes were pressured by the lack of harsh winter weather in several regions during a majority of the month.
NHTSA probes Nissan recall of 989,000 vehicles
The Detroit News
The National Highway Traffic Safety Administration said Sunday it is opening an investigation into whether Nissan Motor Co.’s recall of nearly 1 million vehicles for air bag problems was effective.
The auto safety agency said it is reviewing Nissan’s recall in March 2014 of 989,701 2013-2014 Altima, Leaf, Pathfinder, and Sentra, 2013 NV200, 2013 Infiniti JX35 and 2014 Infiniti Q50 and QX60 vehicles because the occupant classification system software may incorrectly classify the passenger seat as empty, when it is occupied by an adult.
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TIA to host ATS training for women only
Modern Tire Dealer
The Tire Industry Association is hosting a Certified Automotive Tire Service Advanced Instructor Training Course for women only. The course will be held Oct. 6-9 at ISN Phoenix Conference and Training Center in Phoenix. This is the first time the association has held a training course specifically for female tire professionals.
Massive price-fixing among auto-parts manufacturers hurt US car buyers
The Columbus Dispatch
The Japanese executives met at Cafe Renoir, blending in with the crowd at the Tokyo coffee shop.
They represented competing makers of anti-vibration rubber for cars and they were coming together to fix prices on parts made in the U.S.
The meeting was a small part of a conspiracy that has grown to the largest price-fixing prosecution in U.S. history. So far, 33 companies have pleaded guilty and agreed to pay $2.4 billion in fines, and the investigation is ongoing.
Social media: Tire dealers doubt it's a cure-all
Modern Tire Dealer
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. Troy Cox, co-owner of Cecil and Sons Discount Tires in Sands Springs, Oklahoma, doesn’t expect a social media post to lure customers in the door to purchase tires. He thinks of the company’s Facebook profile more as a giant billboard where the business can show how it’s involved and invested in the community, and also share information about tires and other deals at its two stores outside of Tulsa.
Reckoning with the new auto recall bill
The American Prospect
The auto recall system is broken, and a new bill in Congress may not do much to fix it, writes Rachel M. Cohen.
ChemChina to buy Italian tire-maker Pirelli in $7.7 billion deal
China National Chemical Corporation agreed March 22 to buy tire-maker Pirelli in a $7.7 billion deal that will place one of the symbols of Italy's manufacturing industry in Chinese hands.
The deal with Pirelli's shareholders is the latest in a string of takeovers in Italy by cash-rich Chinese buyers, who can take advantage of a weak euro just as signs emerge that Europe is coming out of economic stagnation.
Here's what automakers think about Apple entering the car market
Phones are one thing. The car business — which a flurry of reports suggest could be on Apple's list of industries to disrupt — is another. Unlike the pre-iPhone smartphone business, the auto industry has a complex history spanning over 100 years, with a far more complex manufacturing infrastructure and supply chain.
So, if Apple is making a car — and that’s a big if — do current automotive vets think that Tim Cook & Co. will just walk in and figure it all out?
Colby Horton, Vice President of Publishing, 469.420.2601
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