BATH, Ohio-East Haven, Conn.-based Town Fair Tire Centers has decided it will not be a part of Tire Alliance Groupe Inc., a buying and marketing association conceived by seven of the nation's largest retail tire dealerships. Although Town Fair Tire agreed with the conceptual nature of the TAG organization, the New England dealership was not willing to make the investment or tire unit purchasing commitment the group agreed upon, said TAG President and CEO Barry Robbins.
Mr. Robbins said he is talking to about eight other large retail dealerships in the U.S. and Canada about joining TAG.
The Bath-based organization expects to secure a tire supply agreement and possibly a private label tire maker by the beginning of the year, he added.
Toyo debuts 500-mile trial offer for tires
COMPTON, Calif.-In order to increase awareness and market share for its brand, Toyo Tire (U.S.A.) Corp. is offering a 500-mile trial offer for consumers.
Those who buy four Proxes T1, Z1, U1, FZ4 or H4, 800 PLUS or Open Country M-410 can return them within 500 miles or 45 days if unsatisfied.
GE Capitol chooses Goodyear as supplier
AKRON-Citing Goodyear's ``quality, customer service, network of stores nationwide and pricing,'' GE Capital Fleet Services has named the tire maker its preferred supplier.
The nationwide vehicle leasing service annually spends more than $200 million in products and services for its fleet of 740,000 vehicles.
GE Capital vehicle operators choose where they purchase tires and service following guidelines that detail maintenance requirements.
Materials costs drag down Myers' profits
AKRON-High raw materials costs squeezed profits despite record net sales during the third quarter at Myers Industries Inc.
For the quarter ended Sept. 30, the Akron-based manufacturer reported net income slid 14.2 percent from the year-earlier period to $3.3 million, despite a sales increase of 12.8 percent to $74.7 million.
For the first nine months of 1995, net income slipped to $11.4 million, down 8.5 percent from the 1994 period, while sales climbed 12 percent to $217.7 million.
Myers President and CEO Stephen Myers said ``pricing of raw materials appeared to be declining a little as the third quarter drew to a close.''
Myers Industries makes polymer and metal products and is a tire repair wholesaler.
IMSA racing series loses BFS sponsorship
NASHVILLE, Tenn.-After six seasons of sponsorship, Bridge-stone/Firestone Inc. will not back the International Motor Sports Association Supercar Champion-ship racing series in 1996.
The series did not have enough participation ``for the investment,'' said BFS Motorsports Manager Al Speyer.
The IMSA Supercar series, launched in 1990, featured Bridgestone Potenza RE71-shod exotic sports cars.
CGT finishes move; Akron site for sale
CHARLOTTE, N.C.-Continental General Tire has completed the relocation of its passenger/light truck division from Akron to its new headquarters in Charlotte.
The firm's commercial division will move to Charlotte in 1996.
CGT will lease its former Akron facilities, including the five-story, 325,000-sq.-ft. former headquarters building in downtown Akron, its former research and development center and a 660,000-sq.-ft. warehouse.
CGT now can be reached at 1800 Continental Blvd., Charlotte, N.C. 28273; (704) 588-5895.
Pep Boys' profits climb 4% in quarter
PHILADELPHIA-Increased profit margins helped Pep Boys-Manny, Moe & Jack realize nearly a 4-percent rise in third-quarter earnings.
Pep Boys reported earnings reached a record $21.4 million during the quarter ended Oct. 28, up 3.9 percent from $20.6 million in 1994. During the same period, sales rose 13 percent to a record $411.8 million from $363.2 million in 1994.
For the first nine months, the firm boosted earnings 1.8 percent, from $61.7 million last year, to $62.9 million on a sales increase of 10.5 percent to a record $1.2 billion.
Uniroyal's industry training center opens
ARDMORE, Okla.-Uniroyal Goodrich Tire Manufacturing and Southern Oklahoma Technology jointly announced Oct. 13 the opening of an Industry Training Center and program to train UGTM maintenance personnel.
The program allows maintenance trainees to spend half their educational time on equipment similar to that at the actual plant, UGTM said. Maintenance personnel trained at the facility will complete nine courses and 1,400 hours of training, the company said.