NEW HAVEN, Conn.-Pirelli-brand passenger and light truck tires have landed on the shelves of AKH Co. Inc.'s Discount Tire Centers under a multi-year, multi-million dollar contract between the City of Commerce, Calif.-based dealership and Pirelli Armstrong Tire Corp. The new distribution channel will ``significantly increase our market penetration in Califor-nia. . . ,'' said Franco Carini, PATC vice president, marketing.
Prior to the Jan. 23 deal, PATC had signed a similar contract to distribute high performance tires through Del-Nat Tire Corp. of Memphis, Tenn.
Goodyear anticipates record sales for 1995
AKRON-Goodyear Chairman Stanley Gault expects the tire maker to set an annual sales record exceeding $13.1 billion in 1995, with earnings of $608 million to $613 million.
Financial results for 1995 will be released on Feb. 5, but Mr. Gault has predicted 1995 fourth-quarter record sales exceeding the $3.2 billion achieved during the same period in 1994.
Earnings for the quarter are anticipated in the range of $143 million to $148 million, compared with $136.5 million during the fourth quarter of 1994.
``Goodyear's results will affirm that we made progress toward offsetting significant cost increases and in becoming less dependent on the domestic economy,'' Mr. Gault said.
Heafner warehouse opens in Chattanooga
LINCOLNTON, N.C.-Heafner Tires & Products opened a new 32,000-sq.-ft. warehouse in Chattanooga, Tenn., last fall to handle the company's distribution of tires, custom wheels and service equipment.
Steve Whittle, previously an account manager for Heafner's Knoxville, Tenn., center, is the new facility's manager. Lincolnton-based Heafner operates 31 distribution centers in 11 states in the Southeast.
Woosung Tire files for court receivership
UNION, N.J.-Woosung Tire Corp. of Seoul, South Korea, filed for court receivership Jan. 19 due to the bankruptcy of its parent, Woosung Construction Co.
Upon approval of court receivership, when banks start financial supports, Woosung Tire's operations, including production and shipments, would be normalized, the company said. The decision is expected by the second week of February.
Currently, Woosung's factory has been operating at 60 percent of normal production due to a shortage of raw materials.
In a statement, Woosung Tire assured its customers that it is maintaining a strict quality control system and urged its customers ``not to worry about the quality, claim processing etc.''
Falken recalls 900 mislabeled radials
WASHINGTON-Falken Tire Corp. has recalled 908 XL radial A/P tubeless tires, size P235/75R15, for incorrect tire markings.
These tires, designated as ``Standard Load'' by Falken, were accidentally manufactured in the molds for ``Extra Load'' tires. These tires fail to meet the 5,200-lb. minimum load level for the Extra Load tires; overloading and tire failure could result.
Falken notified owners of the tires to return them to authorized dealers for free replacement with correctly marked tires.
AAIW sets new record with 58,500 attendees
LAS VEGAS-Automotive Aftermarket Industry Week '95 achieved a new record with a total attendance of 58,502 compared with 57,810 in 1994.
AAIW '95, which included the MEMA/APAA/ASIA Show and the SEMA/AI Show, was held last November in Las Vegas and drew a record 8,796 international attendees from 103 countries.
The 1996 AAIW will be held Nov. 5-8 in Las Vegas.
NTDRA finishes 1995 in the black
WASHINGTON-Despite lower than projected revenues from its annual convention, the National Tire Dealers & Retreaders Association ended 1995 in the black, according to Philip Friedlander Jr., the NTDRA's executive vice president.
Convention revenues were about $180,000 lower than budgeted, he said, but the event itself had a substantial net gain.
He attributed the year-end profit to strong management controls and a 20-percent reduction in personnel, which involved no reduction in services.
The association also had an increase in other sources of revenue in the fourth quarter.
The Marriott School of Management at Brigham Young University named Goodyear Chairman Stanley Gault as International Executive of the Year for demonstrating exceptional leadership and high moral and ethical standards.
The United Steelworkers of America said negotiations for a master agreement with Bridgestone/Firestone Inc. broke off Jan. 27, following renewed efforts at talks that began Jan. 15. No new talks have been scheduled.