BFS, Pirelli plan tire price hikes
NASHVILLE, Tenn.-Citing increasing raw materials costs, Bridgestone/Firestone said it plans to raise prices on all its tire lines.
Prices will be hiked by 4 to 5 percent on Bridgestone, Firestone, Dayton, associate and private brands of passenger and light truck tires, company officials said.
The Nashville-based company also will increase prices of its Bridgestone, Firestone and Dayton medium and heavy-duty truck tires by 3 to 4 percent.
The hikes will take effect on or after Jan. 1 and will vary by product line, the company said.
Rome, Ga.-based Pirelli Tire North America Inc. said it plans to raise prices of its passenger and light truck tires effective Jan. 1.
The increases will vary by product but will average 5 percent, a company spokesman said. All Pirelli passenger and light truck tires will be affected. The firm also cited higher raw materials costs for the increase.
AAIW attendance record expected
LAS VEGAS-Organizers for the massive Automotive Aftermarket Industry Week 2002 (AAIW) trade shows are optimistic that once the official tabulations are in, total attendance for this year's event likely will set new records.
Attendance was approximately 19 percent higher than 2001 levels, according to the Specialty Equipment Market Association (SEMA)-one of the sponsors of the trade shows that ran Nov. 5-8 in Las Vegas. AAIW consists of the SEMA/International Tire Expo (ITE) and Automotive Aftermarket Products Expo (AAPEX) shows.
Preliminary verified attendance figures for AAIW surpassed 88,000, which was approximately even with 1999 figures, the record year until now. The 2002 total surpassed last year's event, even though it was the largest business gathering in the U.S. following the Sept. 11 terrorist attacks, show organizers said.
Exhibitor count also was higher this year. The SEMA/ITE show featured 1,568 exhibitors in 2 million square feet of space-an all-time record-while the AAPEX show had more than 1,700 exhibitors.
TIA lauds credit card class action
NEW YORK-The Tire Industry Association is pleased with the class-action lawsuit brought by the National Retail Federation (NRF) against Visa USA Inc. and MasterCard International Inc.
The suit-certified this summer in the Manhattan federal district court six years after its filing-claims the credit card companies violated federal antitrust law by forcing retailers who took Visa and MasterCard credit cards to also accept signature-based debit cards.
These debit cards have a slower transaction time than credit cards and also carry a higher processing fee, the NRF said in the suit, which calls for reimbursement of fees to more than 7.6 million merchants that take MasterCard and Visa.
The NRF sent notification of the class action certification to all the potential plaintiffs, giving them until Nov. 14 to join or opt out of the suit.
Aichlmayr joins Tire Business staff
AKRON-Lisa Aichlmayr joined the Tire Business staff as a reporter Nov. 18.
A native of Independence, Ohio, Ms. Aichlmayr previously worked as a business reporter for the Times Herald newspaper in Port Huron, Mich. She wrote stories on automotive suppliers such as manufacturers of car door panels and visors. Prior to that, she was an intern with Plastics News, a sister publication of Tire Business.
Ms. Aichlmayr has a bachelor's degree in English and journalism from Kent State University. She can be reached at (330) 865-6129 or via e-mail at [email protected]
NHTSA ends Ram tire valve probe
WASHINGTON-The National Highway Traffic Safety Administration has ended a preliminary evaluation of Bridgeport TR-600 HP tire valves on Dodge Ram 3500 pickup trucks, model years 1998 through 2001. The investigation began June 3, 2002.
Michelin cleared in Laredo trial
BOSTON-A Boston jury found that Michelin North America Inc. was not liable for a 1994 accident that rendered Richard Lane paraplegic.
Mr. Lane and his attorneys charged that the rollover crash of Mr. Lane's van was caused by a defective Uniroyal Laredo tire.
``The facts proved that the quality of the tire was not the cause of this unfortunate accident,'' a Michelin spokeswoman said.