Manufacturers raise tire prices
AKRON-Cooper Tire & Rubber Co., Continental Tire North America Inc. (CTNA), Toyo Tire USA Corp. and Yokohama Tire Corp. all have announced tire price hikes, effective June 1, to offset rising raw materials costs.
Cooper said it will hike prices up to 5 percent on all its flag, associate and private brand tires.
CTNA is raising prices on Continental, General, Semperit and private brand passenger, light truck, medium truck and OTR tires. The increases will vary according to market line and/or size, the company said. Passenger and light truck tire prices will go up from 3 to 5 percent, with truck and OTR tire prices rising 2 to 5 percent. This is CTNA's second price hike on passenger and light truck tires this year and third since July.
Yokohama will increase prices across the board on its consumer, commercial and off-the-road tires. The Fullerton-based tire maker said it plans to hike prices on passenger tires by 2-5 percent; 2-4 percent on commercial tire lines including light truck, commercial and medium radial truck tires; and 2-3 percent on off-road tires. Additional in-line adjustments will be made, the company said.
Toyo Tire said it plans to raise prices up to 4 percent on consumer and commercial products effective June 1.
Earlier this month Goodyear announced it will raise tire prices up to 4 percent on all of its brands in various segments, effective May 1.
Mark Armstrong to retire in May
FINDLAY, Ohio-Cooper Tire & Rubber Co. Vice President Mark Armstrong has elected to retire in May after 26 years of service.
Mr. Armstrong joined Cooper as a territory manager in the eastern region and has served in numerous positions in sales and marketing including executive vice president of the Tire Group, his current position.
His retirement will be at the end of May. In the interim, he will report directly to CEO Tom Dattilo and assist with strategic planning and identifying tactics to capitalize on global opportunities.
Gibara joins Dana board of directors
TOLDEO, Ohio-Samir G. Gibara, former chairman of Goodyear, has been elected to Dana Corp.'s board of directors.
Mr. Gibara joined Goodyear in 1964 and become the company's CEO in in 1996. He served as Goodyear's chairman from 1996 until retiring in 2003.
In addition to his appointment at Dana, Mr. Gibara also serves on the boards of Sumitomo Rubber Industries and International Paper.
Nissan correcting `tire roar' on 350Z
TORRANCE, Calif.-Nissan has extended its front-wheel alignment warranties on 2003 350Z coupes to two years in order to solve a ``front tire roar'' problem said to be caused by uneven front tire wear.
Nissan engineers determined that the tire noise is caused by chassis misalignment, specifically the toe adjustment, the company said. The auto maker issued a technical service bulletin addressing alignment to all its dealers.
Approximately 40,000 vehicle owners will receive the warranty extension on their front-wheel alignments. All 350Zs are equipped with Bridgestone Potenza RE040 tires in 17- or 18-inch sizes.
The car maker advised determining if a vehicle has excessive front tire ``roar'' or ``growl'' noise under the following conditions: when braking moderately; at speeds below 30 mph; and on smooth road surfaces. It suggested consumer inquiries be directed to the company's consumer affairs department at (800) 343-0294.
Nissan will contact vehicle owners by the end of April and is promising to make any necessary replacements of front tires with less than 21,001 miles free of charge.