Both net sales and tire volume were up for the first half of Groupe Michelin's 2017 fiscal year ended June 30. However, consumer and truck tire margins were down.
Yokohama Tire Manufacturing Virginia LLC, a Yokohama Tire Corp. subsdiary, has signed a new four-year contract with United Steelworkers (USW) Local 1023, according to Tetsuro “Tex” Murakami, the subsidiary's president.
The deal covers workers at Yokohama's Salem, Va., consumer tire plant. According to the 2014 Modern Tire Dealer Facts Issue, the facility has the capacity to produce nearly 27,000 passenger and light truck tires per day.
“Both parties worked diligently to achieve a contract that is fair and equitable for all involved,” Murakami said, “and it highlights the positive working relationship between the two sides.”
Local 1023 represents approximately 750 employees at the Salem plant. The last contract was signed in 2010 and was also a four-year deal.
Contract highlights include:
* a non-closure agreement of the plant during the life of the agreement.
* the continuation and improvement of the union’s current pension plan.
* numerous safety and health measures.
“This is another significant contract which is expected to prove beneficial to all parties,” Murakami said. “Negotiations went smoothly, both sides were professional and cordial throughout the negotiations and we feel good about the result.”
Yokohama Tire Manufacturing Virginia is an indirect, wholly-owned subsidiary of Yokohama Tire Corp., the North American manufacturing and marketing arm of Tokyo, Japan-based Yokohama Rubber Co. Ltd. For more information on Yokohama’s broad product line, visit www.yokohamatire.com.
Sentury Tire Americas has introduced the Landsail 4-Seasons all-weather passenger car radial tire.
Big O Tires LLC is sponsoring an in-store promotion supporting Alex’s Lemonade Stand Foundation, a non-profit organization dedicated to finding cures for all childhood cancer, throughout August 2017.
Nexen Tire Co. Ltd. is sponsoring the 2017 International Champions Cup (ICC) presented by Heineken in the U.S.
“It’s nice to be wanted, but it’s even nicer to be needed.” In a nutshell, that’s Monro Muffler Brake Inc.’s philosophy when it comes to online tire sales.
James "Jim" Stocking Sr., the second-generation owner of Park Tire Co. in Lincoln Park, Mich., died Wednesday, July 19, 2017. He was 93.
The fact that overall sales at Monro Muffler Brake Inc. increased in the first quarter of fiscal 2018 is hardly news. The company's aggressive approach to acquisitions helps it continually add to the sales column. But in the latest quarter, Monro's existing, comparable stores helped the bottom line, too. And that's news.
Fourteen representatives from the tire industry are vying for four seats on the Tire Industry Association's board of directors. Each will serve a three-year term.
Monro Muffler Brake Inc. is acquiring 20 more stores in Michigan, Illinois and Indiana.
The new Vanderbilt Grand Spirit Touring L/X and C/X tires from TBC Brands LLC are designed to combine outstanding wet traction performance with extended, even wear.
The new Robinair AC1234-4 for R-1234yf systems from Bosch Automotive Service Solutions is designed for both standard and high-voltage AC systems.
The Tech200Pro from Bartec USA LLC is an is an all-in-one stand-alone tire inspection tool designed to help front counter associates better communicate the precise condition of a customer’s tire.
Women in Auto Care (formerly Car Care Council Women’s Board) is accepting nominees for the annual Women of the Year Awards, which include Auto Care Woman of the Year, Female Shop Owner of the Year and Auto Care Woman of Excellence.
The University of the Aftermarket Foundation has awarded 127 students with scholarships for the 2017-18 academic year.
Nexen Tire Corp. has signed a memorandum of understanding "to explore strategic partnership opportunities" with Mubadala Investment Co. The strategic investment fund has made a direct investment in the tire maker as part of the agreement.