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Drivers pay for rough roads
Driving cars on bumpy roads is costing Americans billions of dollars each year in car repairs, according to a new report by transportation research group, TRIP. Nationwide, drivers are forking over more than $500 for car repairs every year. "I had to have my car replaced because I hit a pothole and the strut came out the roof of the front of my car,” Brandi Reader, Cedar Rapids driver, said. Shawn Ransom, an estimator from Bob Mickey Collision Center, said it can cost a pretty penny if a driver has a run-in with a pothole. "Suspension damage comes in anything from bent wheels, alloy wheels can be damaged or tires can be damaged, tire rod ends, struts,” Ransom said.
Honda recalls more than 45,000 motorcycles
A product flaw that could result in engine stalling and increased crash risks led Honda to recall certain motorcycle models dating back to 2013. Sealant may have been applied incorrectly to the starter relay switch, which could cause a loss of power. The problem potentially includes 45,153 motorcycles. The model numbers affected from 2013 through 2015 are ST1300PA, CB500, CBR500, CRF250L, CBR650, CTX700, NSS300, VT750, VT1300, 2015 CB300F, CBR300 and CBR600. The recall also affects NC700 models from the years 2014 through 2016.
Senate says yes to tire registration
Modern Tire Dealer
The U.S. Senate passed a long-term federal highway bill that includes mandatory tire registration and other tire-related rules advocated by the Rubber Manufacturers Association (RMA.)
The bill passed the Senate by a 65-34 vote, but likely won't be considered by the U.S. House of Representenatives until the Fall. The House instead passed a short-term fix to keep current highway infrastructure programs in place through Oct. 31, 2015. The Senate passed the short-term bill as well, and it will be sent to President Barack Obama for approval.
Social media amplifies damage of product recalls to firms — rivals, too
University of Washington
So states new research on the social media multiplier of product recalls by Abhishek Borah, an assistant professor of marketing at the University of Washington’s Foster School of Business.
His paper with co-author Gerard Tellis of the University of Southern California is titled “Halo (Spillover) Effects in Social Media: Do Product Recalls of One Brand Hurt or Help Rival Brands?” It has been accepted for publication in the Journal of Marketing Research.
Borah’s study of the automotive industry reveals that product recalls provoke a sharp increase in negative chatter on social media sites. This online trash talk amplifies the damage, slashing sales and the market cap — or total market value of unpurchased shares — of the recalling company.
But the damage doesn’t end there.
TIA announces GTE educational sessions
The Tire Industry Association has unveiled a schedule of educational sessions for the Global Tire Expo — powered by TIA during the SEMA Show.
“Our industry is constantly changing and our educational seminars, led by industry experts, are designed to equip you with the tools you will need to keep up with those changes. With a variety of topics to choose from, there is certainly something for everyone at GTE,” said Kevin Rohlwing, TIA senior vice president of training.
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Toyo takes temp with new 'variable conditions' tire
Toyo Tire U.S.A. Corp. has introduced a “variable conditions” tire to address the concerns of drivers who need the attributes of winter tires during occasional heavy snowfall but don’t want to incur the expense of buying, installing and storing winter tires.
The new Toyo Celsius is positioned between an all-season tire and a winter tire, with a tread design that provides better ice and snow traction than a typical all-season tire and longer tread life than a winter tire, according to the Cypress-based tire maker.
House passes bill setting this year's sales tax holiday
Stove on the fritz? Hankering for new speakers? Dying to sock away some snow tires for the coming winter?
The Massachusetts Legislature passed a summer sales-tax holiday, teeing up consumers for a two-day reprieve from the 6.25 percent levy — and lining up what some businesses say would be a helpful boost to sales.
The bill calls for suspending the sales tax on Aug. 15 and 16 for purchases of almost all retail items costing $2,500 or less.
Study: The Global Tire Pressure Monitoring System market to see annual growth of 15 percent through 2019
Middle East North Africa Financial Network
Fast Market Research announces the availability of Technavio's new report "Global Tire Pressure Monitoring Systems (TPMS) Market 2015-2019" on their comprehensive research portal.
TPMS is an electronic system designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. TPMS warns the driver about the number of underinflated tires. TPMS is classified into two categories: direct TPMS and indirect TPMS. Direct TPMS provides real-time information of the tire pressure using pressure monitoring sensors in the tires. As a result automotive manufacturers are shifting their focus on the usage of direct TPMS sensors to improve the safety of the consumers.
Technavio's analysts forecast the global TPMS market to grow at a CAGR of 15.71% during 2014-2019.
Oklahoma startup firm remanufactures high-performance car batteries
Dirk Spiers, president of Spiers New Technologies Inc., has a compelling vision for Oklahoma.
Spiers’ new company performs battery life cycle management of advanced battery storage packs. Working with electric car manufacturers, Spiers New Technologies grades and remanufactures used high-performance batteries. The company remanufactures the batteries to go back into electric cars like the Nissan Leaf or the Chevy Volt, or to become energy storage systems that holds excess energy from renewable energy sources, like solar, to provide a constant source of power when the sun is not shining.
Mini recalls about 35K cars to bolster side crash resistance
Mini is recalling about 35,000 cars in the U.S. and Canada because they don't meet side-impact crash-test requirements.
The recall includes certain Cooper and Cooper S Hardtop two-door cars from 2014 and 2015, as well as the 2015 John Cooper Works Hardtop two-door.
The company owned by BMW says that if crash-test requirements aren't met, rear-seat passengers could have a higher risk of injury.
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