2 tire makers boosting prices
AKRON-Continental Tire North America Inc. and Toyo Tire (U.S.A.) Corp. are raising tire prices.
Conti is hiking replacement passenger and light truck tire prices by up to 8 percent, effective Jan. 1, on all Continental, General and private brand tires, the Charlotte, N.C.-based tire maker said.
Conti cited rising raw materials cost, including those for natural rubber, as reasons for the increase.
Toyo will raise prices Nov. 1 on all of its commercial products. Medium truck tire prices will rise by 5 percent and off-the-road tire prices by 8 percent.
BFS's Emkes RMA chairman
WASHINGTON, D.C.-The Rubber Manufacturers Association (RMA) has elected Mark Emkes, chairman and CEO of Bridgestone Americas Holding Inc., as chairman of the RMA's board of directors.
Mr. Emkes, also chairman and CEO of Bridgestone/Firestone North American Tire L.L.C., succeeds Thomas Dattilo, president and CEO of Cooper Tire & Rubber Co.
``Make no mistake, this industry remains on the radar screens of regulators, legislators and litigators,'' said Donald Shea, RMA president and CEO. ``The tire industry continues to require strong leadership to help navigate numerous federal and state public policy issues. RMA and the entire board are pleased that Mark Emkes has accepted this critical role.''
F1 Grand Prix slated for 2006
INDIANAPOLIS-The 2006 U.S. Grand Prix-the Formula 1 event in the U.S.-will be held July 2 at the Indianapolis Motor Speedway in Indianapolis.
The event will mark the seventh consecutive year the Formula 1 event has been held there. The 2006 race date is subject to final approval by Formula 1's sanctioning body.
``We're proud to announce that the United States Grand Prix will help create a great weekend of motorsports on American soil,'' said Joie Chitwood, president and chief operating officer of the Indianapolis Motor Speedway.
This year's Grand Prix in June was mired in controversy after Group Michelin advised its teams not to race because of tire concerns. The tire maker last month began offering refunds for fans who attended the June race. Michelin also promised to buy 20,000 tickets to a 2006 Formula 1 event in the U.S. if one is held.
SEMA applauds overhaul of law
WASHINGTON-The House of Representatives has approved a major overhaul of the Endangered Species Act by a 226-193 vote.
The legislation would place restrictions on the U.S. Fish and Wildlife Service's power to designate protected lands for endangered species, requiring it to use the best available scientific data to prove the need for such designations and set criteria for how species will be taken off the endangered list.
The bill also would require the agency to give advance notice of protected land designations and allow public comment.
If enacted, the legislation would be a boon to off-highway vehicle drivers who rely on access to public lands, according to Jason Tolleson, director of the SEMA Action Network within the Specialty Equipment Market Association. ``This would set up a more open process,'' he said. ``It would prevent the current rush to the courthouse and the de facto closure of public lands.''
It's unlikely that the Senate will hold hearings on the bill this year. Sen. Lincoln Chafee, R-R.I., chairman of the subcommittee that has jurisdiction over the legislation, is waiting for a report from environmentalists and industry officials that is not due until late February.
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