FORT SMITH, Ark.-A federal judge has granted Bandag Inc.'s request that its legal dispute with Treadco Inc. be sent to arbitration. No date has been set. The case between the nation's largest retreading supplier and largest commercial retreader will be settled under binding arbitration, but there is a right of appeal, Treadco's attorney said.
Treadco sued Bandag last October, accusing it of trying to ``destroy'' Treadco's retreading business. The suit culminated a year-long souring of relations when Treadco, Bandag's largest customer, began courting other suppliers.
Toyo to issue custom credit card to dealers
CYPRESS, Calif.-Toyo Tires (U.S.A.) Corp. is launching a private label credit card program for independent tire dealers that consumers can use to purchase tires and automotive services.
The card features no annual fee, no down payments, 90 days same-as-cash or monthly payments, on-the-spot authorization, a credit card insurance option and acceptance at any participating Toyo dealer in the U.S.
The credit card program is designed to be attractive to consumers as well as simple and easy to administer for dealers, the company said.
ARS to market auto theft protection tool
ENCINO, Calif.-Auto Road Services Inc., marketer of an emergency roadside service program, has agreed in principle to exclusively market to U.S. and Canadian tire dealerships an auto theft deterrent system.
ARS will begin promoting the system, developed by Safe-Guard Products International, as ``Theft Protection Plus'' in late August. Participating dealers engrave an identification number and retrieval phone number on auto door glass, rendering the doors useless to chop shops.
The program claims to both protect vehicles against theft and enhance vehicle recovery through a national registration data base.
Texas tire dealer relays Olympic torch
ORANGE, Texas-Tim Hughes of Superior Tire Co., Orange, was one of the designated bearers of the Olympic Torch during its cross-country journey to Atlanta for the Summer Games in July.
Mr. Hughes was selected for his involvement in community organizations and school programs and ran the torch for a one-kilometer stretch May 22. He later bought the torch he carried and donated it to the city.
Tax break/wage bill sent to conference
WASHINGTON-House-Senate conferees on the combined small business tax break-minimum wage increase bill began meeting July 30, with bill supporters hoping for a conference report before the August recess.
The House and Senate bills have advantages and disadvantages for tire dealers, retreaders and other small businesses. Tire dealers hate the proposed 90-cent hike in the minimum wage to $5.15 per hour but both versions do contain tax reforms useful to the industry.
Military awards Titan two $10 million deals
QUINCY, Ill.-Titan Wheel International Inc. won two contracts June 26 from the U.S. military to produce two types of non-directional tread replacement tires for 21/2-ton and 5-ton military trucks.
Titan will supply tires from its T-Hawk-brand series, which is specially designed for the military's high durability requirements. The tires will be produced at the Titan Tire plant in Des Moines, Iowa.
GM recalls trucks fitted with Generals
WASHINGTON-General Motors Corp. is recalling an indeterminate number of 1995-96 Chevrolet and GMC 30 Series G vans and C/K Crew Cab trucks because the original-equipment General AmeriÃ550 AS LT225/75R16D tires may have suffered damage in the bead toe area during mounting.
Tires with bead damage will have a bulge in the sidewall, which generally causes a slow air loss, but can lead to blowouts and accidents, GM said.
GM dealers are authorized to inspect the tires and replace damaged tires free of charge.
Coming up next. . .
The Aug. 19 issue will feature TIRE BUSINESS' annual Global Tire Report, with a ranking of the world's largest tire suppliers, a list of production plants and an update on the global tire market.