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Goodyear opposes waiving Indonesian tire duties
WASHINGTON (May 8, 2008) — Goodyear has voiced opposition to waiving duties on Indonesian radial tire imports, as outlined in a recent International Trade Commission advisory report to the Office of the U.S. Special Trade Representative (USTR).©
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Kumho to hold groundbreaking for plant
RANCHO CUCAMONGA, Calif. (May 8, 2008) — Kumho Tire U.S.A. Inc. will hold a groundbreaking May 12 for its $225 million passenger and light truck tire plant in Macon, Ga.©
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Nokian sales, profits jumped in Q1
HELSINKI, Finland (May 8, 2008) — Nokian Tyres P.L.C. is off to a “flying start” in 2008, reporting double-digit gains in sales and earnings in the first quarter.©
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Bridgestone earnings fall on higher costs
TOKYO (May 8, 2008) — Bridgestone Corp.'s net income fell 18.1 percent in the first quarter ended March 31 as the cost of raw materials and energy continued to climb.©
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Federal adds AR01 sizes
TAIPEI, Taiwan (May 8, 2008) — Federal Corp. has added five sizes to its Atlanta AR01 tire.©
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Tirecraft Group is restructuring after filing for creditor protection
SHERWOOD PARK, Alberta—Tirecraft Group Inc., the parent company for Tirecraft Auto Centers, Canadian Treads Corp. and Remington Tire Distributors Inc., is evaluating its options—including the possibility of selling all or part of the group to new investors—after filing for creditor protection April 15.
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Small business sector remains optimistic despite economy
PRINCETON, N.J. (May 7, 2008) — The U.S. small business sector remains positive in the face of trying economic times, according to a study published May 7 by market researcher Opinion Research Corp., an infoUSA company.©
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Two South American companies join TRIB
PACIFIC GROVE, Calif. (May 7, 2008) — Brazil's KeycomeX and Bolivia's Renovadora de Llantas have joined the Tire Retread & Repair Information Bureau (TRIB).©
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Federal to raise prices by double digits
TAIPEI, Taiwan (May 7, 2008) — Federal Corp. will raise prices for its Federal and Hero brands before August, boosting them 10 percent for Taiwan-made products and 16 percent for Chinese-made ones.©
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Cooper's profit falls on economic challenges
FINDLAY, Ohio (May 7, 2008) — Cooper Tire & Rubber Co.'s first quarter profit plunged 91.9 percent because of several challenges including high raw material costs, increased product liability costs and decreased volumes though the tire maker stayed in the black with a profit of $1.69 million.©
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Hercules to open TDW in Bakersfield
FINDLAY, Ohio (May 6, 2008) — Hercules Tire & Rubber Co. will open a Tire Dealers' Warehouse (TDW) center in Bakersfield, Calif., on July 1, its third location in California and 12th overall.©
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Goodyear to raise prices up to 8% on consumer tires
AKRON (May 6, 2008) — Goodyear will increase prices on all brands of its passenger and light truck tires up to 8 percent effective June 1, a company spokesman said.©
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TIA president wins award
AKRON (May 6, 2008) — Peggy Fisher, president of the Tire Industry Association (TIA) and Kanata, Ontario-based TireStamp Inc., has received the Kent State University College of Business Career Achievement Award.©
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Cooper to pay quarterly dividend
FINDLAY, Ohio (May 6, 2008) — Cooper Tire & Rubber Co. will pay a 10.5-cent dividend on its common stock for the second quarter, marking its 145th consecutive quarterly dividend.©
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Purcell acquires Nevada commercial dealer D&D Tire
POTOSI, Mo. (May 6, 2008) — Purcell Tire & Rubber Co. has acquired D&D Tire Inc., a Fernley, Nev.-based dealership with 10 service centers throughout Nevada and southern Idaho that is active in the mine service business in eight states.
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Bandag raises tread rubber prices up to 5%
MUSCATINE, Iowa (May 6, 2008) — Bridgestone/Firestone's Bridgestone Bandag Tire Solutions (BBTS) division has increased U.S. prices for tread rubber products up to 5 percent effective immediately, the company said.©
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Hennessy Industries debuts lathe
LAVERGNE, Tenn. (May 6, 2008) — Hennessy Industries Inc. has introduced the Ammco 4000E brake lathe for rotor refinishing.©
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Mpg plan fuels states-rights battle
WASHINGTON (May 5, 2008) — Just when it seemed like the political war over state regulation of greenhouse gases from vehicles could not intensify, it did.©
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Cooper to raise prices up to 8 percent
FINDLAY, Ohio (May 5, 2008) — Cooper Tire & Rubber Co. will raise prices up to 8 percent on its passenger and light truck tires in North America effective July 1, a company spokeswoman said.©
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Conti enhances dealer program
COCO CAY, Bahamas—Now in its eighth year, Continental Tire North America (CTNA) Inc.'s Gold Dealer Program is hitting its stride, helping the tire maker build its dealership and sales base in the U.S.
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TIA, TRIB at Brazil tire show
BOWIE, Md. (May 2, 2008) — The Tire Industry Association (TIA) said it will exhibit along with the U.S. Commercial Service and the Tire Retread & Repair Information Bureau (TRIB) at the 2008 Recaufair Tire Show, scheduled for May 5-8 in Sao Paulo, Brazil.©
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Snap-on to dedicate new training center
CONWAY, Ark. (May 2, 2008) — Snap-on Equipment, a division of Snap-on Inc., will hold a dedication ceremony for its new training center at 10:30 a.m. May 8 in honor of Snap-on's Chairman Jack Michaels.©
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Michelin to supply tires and service at Love's Travel Stops
GREENVILLE, S.C. (May 2, 2008) — Michelin North America Inc. has signed a cooperative agreement with Love's Travel Stops & Country Stores to provide truck tires and related products as well as emergency road service at several of Love's truck stop locations beginning in May.©
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