BFS recalls more Wilderness tires
NASHVILLE, Tenn.—Bridgestone/ Firestone Inc. is initiating a voluntary recall of approximately 8,000 tires produced during the week of April 23, 2000, at its Cuernavaca, Mexico, plant.
The reason for the recall of the P265/70R16 Wilderness LE tires is to ensure the recovery of about 150 tires made on April 24 that unintentionally were made with a small portion of non-specified rubber material in the No. 1 stabilizer belt (the steel belt closest to the inside of the tire).
The production anomaly results in lower adhesion in the belt area rubber, Bridgestone/Firestone said. A thorough assessment of a sample of tires manufactured during the week of April 23, 2000, and the weeks before and after, showed that the problem was confined to a small batch of tires produced in the Cuernavaca plant on April 24.
BFS said it is not aware of any claims for property damage or injury caused by the recalled tires. The recalled tires are identified by DOT No. V672WL11700 (black sidewall) and DOT No. V672WL21700 (raised white letters).
The recalled tires may have been used on up to 4,700 model year 2000 GMC Yukon XL 1500 series (as original equipment) and Chevrolet Suburban 1500 series (as an optional tire choice) vehicles assembled in Silao, Mexico, during late April and early May 2000.
Yokohama posts six-month loss
TOKYO—Yokohama Rubber Co. Ltd. suffered a net loss of $51.4 million in the six-month period ended Sept. 30, 2000, but the company is forecasting it will be about $2 million in the black for the entire year, reversing an $80 million net loss last year.
Yokohama's operating earnings for the period fell to $41 million, but a $38-million write-off of goodwill of its U.S. subsidiary Yokohama Tire Corp. helped push the net result into the red.
The Tokyo-based tire maker's sales during the period were $1.66 billion. Comparable six-month data for the previous year were not divulged.
Cooper moves Oliver facility
FINDLAY, Ohio—Cooper Tire & Rubber Co. said it will relocate its Oliver Rubber eastern U.S. distribution center to Asheboro, N.C., from Athens, Ga.
The move is part of a series of changes that also included the addition of a distribution center in Tupelo, Miss. Oliver now will have a one- to two-day improvement in transit times to most U.S. customers, Cooper said.
The newly leased 61,400-sq.-ft. Asheboro distribution center will serve customers in the eastern, southern and midwestern U.S. It will operate five days a week from 6 a.m. to 6 p.m. and function as a department of Oliver's tread rubber plant in Asheboro.
Todd Seagraves, who managed the Athens distribution center, will relocate to Asheboro to manage the new facility, the company said.
Yokohama names Ikawa president
FULLERTON, Calif.—Yokohama Rubber Co. Ltd. has installed Koji Ikawa as president and CEO of its U.S. subsidiary, Yokohama Tire Corp.
Mr. Ikawa, previously head of manufacturing operations for Yokohama in Japan, is a member of the team that in 1969 established Yokohama's presence in the U.S. market. He relocated to Fullerton in December.
Yokohama Rubber President Yasuo Tominaga, who had been serving as CEO of the U.S. subsidiary prior to Mr. Ikawa's appointment, will continue his global responsibilities as president and representative director for the parent firm.
Goodyear dealer meeting postponed
AKRON—Goodyear has postponed its annual dealer conference, originally planned for Feb. 4-8 in Dallas, for a time and location to be announced later in the year.
The tire maker said it has chosen to replace the February meeting with a series of interactive sessions with "key regional dealers" and an expanded G-3 Advisory Board meeting, according to John Polhemus, North American Tire president.
"This type of approach...is more in line with the leadership team's philosophy on dealer involvement and this year's aggressive plans to expand G-3 share of market," Mr. Polhemus said in a letter to dealers.
SmarTire posts 1st quarter loss
RICHMOND, British Columbia—SmarTire Systems Inc., a maker of tire monitoring systems, reported a net loss of $1.34 million for the quarter ended Oct. 31 on revenue of $177,305.
Last year the firm lost $1.31 million in the period on revenue of $194,651.