WASHINGTON—Cooper Tire & Rubber Co. is voluntarily recalling 544 private brand tires for inadequate rubber on the belt edge of the shoulder, according to the National Highway Traffic Safety Administration. Models included in the recall are the Pep Boys Futura Dakota A/T, size P235/75R15, and the Sears Trailhandler A-T II, size LT235/75R15.
Because the rubber is too thin on the shoulder, belt wire can penetrate the surface, causing exposed belts and belt degradation, NHTSA said. Dealers will replace the tires free of charge.
SAN JUAN, Puerto Rico—The National Tire Dealers & Retreaders Association's trade show—which this fall will join the Specialty Equipment Market Association/Auto International Association show in Las Vegas—will definitely be held in a tent outside the Las Vegas Convention Center.
NTDRA President Ted Wiens Jr., in San Juan for Continental General Tire's international dealer meeting, told TIRE BUSINESS that a more than 200,000-sq.-ft. addition planned for the convention center will not be completed in time for the Automotive Aftermarket Industry Week event, Nov. 3-7. It was hoped the NTDRA show would be housed in the new area.
According to Mr. Wiens, the City of Las Vegas was unhappy with construction bids it received, and is seeking new bids for the project.
AKRON—Goodyear said it will appeal the Dec. 11 U.S. District Court ruling that Hercules Tire & Rubber Co.'s Power Trac tread does not infringe on Goodyear's patent for its G362 design.
The company still is forming the final appeal, which eventually will be filed in the U.S. Court of Appeals Federal District Court, Washington, D.C., a spokeswoman said.
The company contends the Dec. 11 ruling is an incorrect application of the law.
Goodyear filed suit against the Findlay, Ohio-based retread supplier in May 1995. Hercules later countersued.
``Although we disagree with the ruling that the Hercules Power Trac did not infringe Goodyear's patent, we were extremely pleased that the decision affirms that patents of tread patterns are enforceable,'' said Jerry Strigle, marketing manager, retread systems.
GREENVILLE, S.C.—Price-Costco will stop carrying Uniroyal brand tires in its warehouse club outlets in early 1997.
Michelin North America said under a mutual agreement with Price-Costco, Michelin will continue to supply Michelin- and BFGoodrich-brand tires, and increase the stocking of those lines to fill the void left by the Uniroyal lines.
A Michelin spokesman said Price-Costco is trying to optimize product lines and SKUs. Price-Costco President Jim Sinegal was unavailable for comment.
``It is not clear what the overall effect will be on Michelin specifically,'' the Michelin spokesman said.
WASHINGTON—The U.S. Small Business Administration has issued an interim rule reauthorizing its ``LowDoc'' loan authorization program for small businesses.
Reauthorization of the LowDoc program for 1997 is required under the Small Business Programs Improvement Act passed last September, the SBA said in a Federal Register notice published Jan. 3.
That law contains a number of provisions for the benefit of small business, in exchange for an increase in the federal minimum wage.
The LowDoc program greatly decreases the documentation small businesses must submit in order to obtain loans of up to $100,000. The SBA guarantees repayment of up to 80 percent of the loan's amount to participat-ing lenders.
Under the Small Business Programs Improvement Act, the SBA must issue regulations defining the experience necessary for lenders to participate in the LowDoc program.
In the interim rule, the SBA said it would consider a lender qualified if it has entered into a Loan Guaranty Agreement with the agency and has at least 20 qualified loans outstanding as of the end of its last fiscal year.
The SBA is calling for comments on the interim LowDoc rule. Feb. 3 is the deadline.