WEST COVINA, Calif.—A California Highway Patrol officer travelling on Interstate 10 was killed when a wheel flew off a rig and landed on her vehicle Nov. 8. According to police, the Freightliner was traveling westbound when it lost a right rear dual tire. The tire bounced across the lanes, hit the divider, flew 30 feet into the air and landed on the roof of an eastbound pickup truck driven by Noreen Vargas. The tire crushed the vehicle's roof, instantly killing Ms. Vargas, 37.
No other vehicles were involved in the rush-hour incident. The case is still under investigation, the CHP said.
SOUTH SAN FRANCISCO, Calif.—Treadways Corp., which does business as Sumitomo Tire (U.S.), has finalized the purchase of three of the nation's largest private brand marketers.
Treadways now owns Hoffman Tire Co., a Montgomeryville, Pa.-based private brander doing business as Jetzon Tire & Rubber Co. Inc., and Laramie Tire Distributors Inc. and its Telstar Tyre & Rubber Co. subsidiary.
Skip Viola, former eastern sales manager for Eldorado Tire, will become Laramie's vice president of sales and marketing. Bill Hirst, former executive vice president for Laramie, will serve as vice president of sales and marketing for Jetzon and Telstar.
JACKSONVILLE, Fla.—Auto-motive Industries Inc. suffered a $172,119 net loss during the third quarter, ended Sept. 30, partially due to the shutdown of two stores in Georgia and three in Michigan.
The dealership, which operates about 30 outlets as Jim Martin Tire, Wall Tire and Mott Tire in Florida, reported $5.66 million in sales for the quarter, an 8.6-percent increase over the year-earlier period, but suffered a higher loss, compared with a $20,475 loss reported a year ago.
The dealership hopes to improve its performance with cost-cutting measures, a new advertising program and a new computer system in all its stores.
CLEVELAND—Intermet Corp., a major casting foundry, will buy Sudbury Inc., parent company of Iowa Mold Tooling, under an agreement reached Nov. 18 whereby Detroit-based Intermet will acquire all of the 15.6 million outstanding shares of Sudbury common stock for $12.50 a share.
Sudbury Chairman and CEO Jacques Sardas, a former Goodyear executive who steered Sudbury back to solvency after it filed for bankruptcy reorgani-zation in 1992, will garner nearly $30 million with his 18-percent share of Sudbury stock.
GREENVILLE, S.C.—The U.S. Postal Service has awarded a two-year supply contract, effective Nov. 1, to Michelin North America for two sizes of the company's new BFGoodrich commercial truck tire line, which debuted in September.
During the agreement's term, Michelin expects to supply more than 25,000 tires to the USPS.
CHARLOTTE, N.C.—Continental General Tire announced Nov. 7 it plans to lay off 650 workers at its tire plant in Mayfield, Ky., by the end of 1997, after the union rejected concessions CGT said were necessary to remain competitive. The job cuts will drop the plant's employment to about 350.
CGT is studying options to offset the layoffs, including moving machinery to other facilities as well as making tires at a Mexican plant it once owned.
AKRON—Goodyear said it will lay off about 60 workers at its Freeport, Ill., tire plant to align production with lower demand.
The company will reorganize several product lines and reassign employees to fully utilize the work force, said Plant Manager Don Tusher.
The Freeport unit is the fourth U.S. factory in four months to fall victim to Goodyear's recent retrenchment. Goodyear also eliminated about 100 jobs in Topeka, Kan., 200 in Union City, Tenn., and plans to cut 250 jobs in Gadsden, Ala.
WASHINGTON—The U.S. Small Business Administration has started an Internet site designed to link women small business owners with potential investors.
This new site, called the Angel Capital Electronic Network or ACE-Net, went on-line Oct. 30.
The site will link business owners with investors who currently put up $10 billion to $20 billion annually in nearly 40,000 businesses.
For more information, access http://www.sbaonline.sba.gov. or http://ace-net.edu.unh.
The Dec. 9 issue of TIRE BUSINESS will feature its annual Market Data Book, containing industry and market information.