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INDUSTRY NEWS

Game-changer? Plants and rubber
Tire Business
A 30-year-old prototype truck tire, made entirely from guayule rubber, sits in a prominent place in the reception area of the Bridgestone Biorubber Process Research Center in Mesa, Arizona. The presence of this weathered tire stresses the continuation of innovation that began with Firestone Tire & Rubber Co., predecessor of Bridgestone Americas Inc., and continues through the opening of the company's Mesa center, a state-of-the-art facility dedicated to research and development in guayule as a commercial natural rubber crop.
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Ford recalls 850,000 vehicles for glitch affecting airbags, seat belts
Automotive News
Ford Motor Co. is recalling 850,050 2013 and 2014 vehicles for an electrical flaw that could cause airbags and seat belt pretensioners to malfunction in the event of a crash. The affected vehicles include the 2013-14 Ford C-Max, Fusion, Escape and Lincoln MKZ. Ford said in a statement Sept. 26 the restraints-control module in the vehicles could short circuit, causing the airbag warning indicator to illuminate.
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Trailer, RV trade groups seek tire duties exemption
Tire Business
The National Association of Trailer Manufacturers and Recreation Vehicle Industry Association, supported by more than a dozen distributors of specialty trailer tires, are seeking an exemption for specialty trailer tires from possible import and/or anti-dumping duties the U.S. government is considering for car and light truck tires imported from China.
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Alternative online lenders fill funding needs for small businesses
HBS Working Knowledge via Forbes
Banks are the principal source of outside capital for small businesses, but there have always been alternative forms of loan capital available, including credit unions, Community Development Financial Institutions, merchant cash advances, equipment leasing and factoring products. Historically, this segment of the market has been small compared to the $700 billion in small business bank credit assets. But since the onset of the financial crisis, and particularly during the economic recovery, there has been significant growth in innovative, online alternative funding for small businesses.
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Game-changer? Plants and rubber
Tire Business
A 30-year-old prototype truck tire, made entirely from guayule rubber, sits in a prominent place in the reception area of the Bridgestone Biorubber Process Research Center in Mesa, Arizona. The presence of this weathered tire stresses the continuation of innovation that began with Firestone Tire & Rubber Co., predecessor of Bridgestone Americas Inc.

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Auto repair shops face off against insurers over payments
Orlando Sentinel
Auto repair shops across the United States are suing insurance companies, including the nation's largest — State Farm — in a series of lawsuits that will be heard in Orlando, Florida. The auto repair shops claim that the insurance companies don't pay enough to adequately repair cars.

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Of shortcomings and responsibility: The public service edition
Tire Review
Jim Smith of Tire Review writes, "How must it feel to be publicly lashed for being the most disorganized, ineffective, irresponsible and unresponsive government agency in perhaps the history of all government agencies? Harsh, yes?"

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Mounting and balancing: 4 tips for more profits
Modern Tire Dealer
Are you tracking tire-related labor separately from mechanical labor? It’s one way to increase the profit potential of mounting and balancing services. Modern Tire Dealer asked dealers, business coaches and manufacturers for ways to build profitability into mounting and balancing services.
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Charitable planning: A primer
By David B. Mandell, JD, MBA, and Carole Foos, CPA
Now that we approach the fourth quarter of the year, many tire store owners and managers are looking for ways to reduce their 2014 income taxes. One such way to reduce income taxes, as well as other taxes, is to make charitable gifts. Proper planning goes beyond just writing a check to your favorite charity. In fact, there are a number of tax-savvy planned giving techniques that exist. We explore basics of such planning this this article.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Of shortcomings and responsibility: The public service edition (Tire Review)
Should your office go paperless? Yes, and here's why (By Kaylee Nelson and Jessica Taylor)
Minnesota group uses 'tire selfies' to educate others on proper maintenance (KIMT-TV)
Steel industry plots auto industry comeback (Detroit Free Press via USA Today)

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2 key developments lower autumn's gas prices
USA Today
Feeling a tad richer? It's about to get better: Sometime in November, gas stations in nearly 30 states will be selling gas for less than $3 a gallon, the first time that has happened since the fall of 2010. "The percentage of gas stations with gas below $3 per gallon in the U.S. is 2.62%, and it will jump to about 20 percent during November and December," according to Tom Kloza, chief oil analyst for GasBuddy.com.
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Hot cars make debut at the Texas Auto Show
Houston Chronicle
When you think of the State Fair of Texas, usually fried food and football come to mind, but the Texas Auto Show is looking to change that. Several never-before-seen models are making their debut at the automotive event in Dallas, and the Houston Chronicle got a great first look. From Jeep's new small SUV to the 707-horsepower Challenger Hellcat to a Texas-made Toyota Tundra edition that Bass Pro Shop enthusiasts will drool over, the show's star-studded lineup is a must see.
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3 auto parts categories account for 50 percent of online parts sales
AutoServiceWorld
In terms of dollars spent on automotive replacement parts through online purchasing, or "e-tailing," three categories represent half of the dollar volume in 2013, according to "E-Tailing in the Automotive Aftermarket" from the Auto Care Association. The top three product categories are braking systems (primarily pads and shoes); ignition and engine (fuel pumps, alternators, ignition coils, etc.); and glass, mirrors and lamps.
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Colby Horton, Vice President of Publishing, 469.420.2601
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