Cooper Tire & Rubber Reports Continued Improvement in the Fourth Quarter
FINDLAY, OH — Cooper Tire & Rubber Co. posted 2007 sales of $2.9 billion, up 13.9 percent vs. 2006, while net income reached $120 million, up from 2006’s loss of $78 million. Cooper’s North American tire operations contributed $2.2 billion in sales and $119 million in operating profit for the year. Profits for the unit
The Week in Review (Feb. 18-22, 2008
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, click on any of the dates listed at the bottom of
Seventh Annual National Tire Safety Week to Take Place in April
The Rubber Manufacturers Association (RMA) announced that the Seventh Annual National Tire Safety Week will be held April 20-26, 2008. The annual event is an initiative of the Rubber Manufacturers Association’s "Be Tire Smart — Play Your PART" program, a year-round effort designed to help drivers learn the simple steps they can take to ensure that their tires are in good working condition. For National Tire Safety Week, tire manufacturers and retailers nationwide will work to educate motorists about proper tire care and maintenance. RMA provides tire retailers, auto dealers and automotive repair shops with free "Be Tire Smart" brochures and other materials. Many participating retail outlets will use the opportunity to promote tire care through advertising, promotions, free tire pressure checks and conducting media outreach.
Tire Review Magazine Announces First ‘Top Shop’ Award Winner
Tire Review has announced the winners of its 2007 Tire Review Top Shop Award. The Tire Review Top Shop Awards presented by Hennessy Industries seeks to honor the “best of the best” independent tire dealers in the U.S. and Canada. This year’s Top Shop winner is Gatto’s Tires & Auto Service, headquartered in Melbourne, FL. The seven-location dealership, owned by Pamela Gatto, has been in business for 35 years.
Executive Interview with H.Y. Pae, President, Hankook Tire America
In this exclusive Executive Interview, H.Y. Pae, president of Hankook Tire America Corp., discusses the growth of Hankook in the United States and the ways in which the company is working toward becoming one of the top five tire makers by 2012.
Ken-Tool Names Rockford Tyson as Director of Marketing and Sales
Ken-Tool, automotive specialty hand tools manufacturer, has appointed Rockford Tyson as its new director of marketing and sales. Tyson joins Ken Tool from Stride Tool Inc., where he has held various positions since 1997, including director of marketing. Previously, he was consumer marketing manager for the Ridge Tool Co. His experience also includes 17 years of marketing, sales and engineering positions with tire manufacturers such as Michelin, Dunlop and BFGoodrich.
BFGoodrich Launches New National Ad Push
Michelin North America’s BFGoodrich brand is launching a new national television and enthusiast magazine advertising campaign, kicking the effort off during CBS broadcasts of NCAA college basketball tournament games. The 30-second TV spots will feature a number of motorsport personalities, including X-Games rally champion Travis Pastrana, two-time Formula Drift champ Samuel Hubinette, Baja 1000 winner Larry Roeseler, and rock crawling champion Tracy Jordan.
BFG Out, Pirelli in at WRC
From Tire Review The topsy-turvy world of the FIA took yet another unusual turn earlier this week when it was announced that Groupe Michelin’s BFGoodrich brand would no longer be the sole tire supplier to the World Rally Championship after this season, and was being replaced by Pirelli. BFGoodrich became the sole supplier just this
The Top Ten Newsmakers of 2006
For the third year in a row, the editorial staffs of aftermarketNews and Counterman magazine have selected 10 individuals who have made an impact on the industry this past year. The list is presented in alphabetical order.
EnTire Solutions to Supply TPMS to Toyota
From Tire Review EnTire Solutions said it will boost its TPMS presence in North America, becoming a supplier for the 2007 Toyota Sienna. The company, a joint venture between Michelin North America and TRW Automotive, will supply its direct TPMS units to Toyota’s American manufacturing operations. The company launched its first OE-level TPMS in 2004