MEMPHIS, Tenn.-American Car Care Centers will expand its tire and automotive products offerings under a new alliance with Itochu International Inc., one of the world's largest trading companies. Itochu, with more than $186 billion in annual sales in 87 countries, markets more than 30,000 products.
The alliance with Itochu will enable ACCC to offer its dealers products from throughout the world, the company said, and will complement ACCC's alliance with Michelin Americas Small Tires.
Goodyear acquires Philippine tire plant
AKRON-Goodyear has purchase the assets of Sime Darby Pilipinas Inc. in the Philippines, strengthening the company's spot as the leading producer of tires in that nation.
The $63 million acquisition will give Goodyear a second tire plant in the Manila area and boost the company's tire annual capacity in the Philippines 65 percent to 2.5 million tires by 1997. The plant will also serve as an export base for other southeast Asian markets.
Leopoldo Pirelli, 70, announces retirement
MILAN, Italy-Pirelli SpA Chairman Leopoldo Pirelli, 70, announced he will retire from the tire and cable company his grandfather founded in 1872.
Mr. Pirelli, who spent 45 years at the Milan-based company, including 33 as chief executive, will most likely be succeeded by the current chief executive, Marco Tronchetti Provera, 48, Mr. Pirelli's ex-son-in-law.
Mr. Pirelli's son, Alberto, was named deputy chairman.
Goodyear, 500 Club earn more with less
NEW YORK-Companies that make up the 1995 ``Fortune 500'' list of publicly owned U.S. companies, including No. 88 Goodyear, earned a higher profit with the same or fewer employees than in 1994.
Fortune magazine's annual ranking indicated total employment at the 500 barely budged from the previous year, suggesting that many companies learned to do more using about the same, or fewer workers.
Goodyear, the only tire company to make the list, boosted revenues 7.1 percent and profits, 7.8 percent in 1995, even though employment fell 2,700 to 87,390.
Touring racers debut on 19-inch Michelins
GREENVILLE, S.C.-Michelin Pilot radials for 19-inch rims will be in the spotlight during the roll-out of the new North American Touring Car Championship this spring.
Michelin North America is the official tire supplier of the NATCC, whose 2-liter Super Touring cars will sport Michelin's ultra-high-performance Pilot, which is designed to provide maximum cornering ability while coping with heavy torque loads.
State groups to meet during NTDRA show
WASHINGTON-As a new convention attraction, the National Tire Dealers & Retreaders Association has invited state tire dealer associations to conduct membership meetings during its annual convention, Sept. 5-7, in Atlanta. And for each association holding a meeting, the NTDRA said it will host a special seminar, the specifics of which will be announced later.
So far, five groups, representing dealers in Georgia, Florida, Tennessee/Kentucky, Texas and Alabama, have slated meetings at the show.
NTDRA issues new tire service charts
WASHINGTON-The National Tire Dealers & Retreaders Association is offering new editions of two tire service charts-the 1996 lug nut torque chart for cars and light trucks (available in a laminated version), and a new heavy and medium truck and trailer torque specification chart.
The new truck and trailer chart was developed by the Wheel & Rim Institute of Safety Inc. and includes information for hub-piloted wheels, stud-piloted wheels and demountable rims.
To order, call Betsy Kaufman at (800) 876-8372 or fax (202) 682-3999.