LATEST TIRE INDUSTRY NEWS

SmarTire Systems Launches European Operations - Canadian Corp -
SmarTire Systems Inc. announced today that its European infrastructure has been completed and is now approved to sell products into 20 European countries as at September 1, 1998
- Aug 20 - 21:05 EST

Goodyear to Invest $65 Million in Japanese Joint Venture (PR Newswire)
The Goodyear Tire & Rubber Company, Toyo Tire & Rubber Co., Ltd. and Mitsubishi Corporation announced today that they will invest $65 million (8.5 billion yen) to increase production capacity of their joint venture Nippon Giant Tire (NGT).
19 Aug 1998

Penske Auto Centers Signs Long-Term Deal for Goodyear Tires (PR Newswire)
A long-term agreement was signed today by representatives of The Goodyear Tire & Rubber Company and Penske Auto Centers, Inc., linking the two companies through Dec. 31, 2005 as partners in tire retailing at Penske's 860 tire and service outlets.
19 Aug 1998

Plains Resources Completes Purchase of the All American Pipeline Company and Related Entities from The Goodyear Tire & Rubber Company (PR Newswire)
Plains Resources Inc. today announced its wholly owned subsidiary, Plains All American Inc., had completed the acquisition of all of the outstanding capital stock of the All American Pipeline Company, Celeron Gathering Corporation and Celeron Trading & Transportation Company from The Goodyear Tire & Rubber Company.
- Jul 30 1:44 PM EDT

Continental General Tire's GEN*SEAL Technology Provides 1999 Ford Windstar With Safe, Secure Drive (PR Newswire)
Continental General Tire has announced it will supply its Ameri*GS60 GEN*SEAL tire as an original equipment option for the new 1999 Ford Windstar.
- Jul 30 9:22 AM EDT

Bridgestone Corporation's Non-Consolidated Financial Results for the First Half of 1998 (BusinessWire)
Bridgestone Corporation announced today that its non-consolidated -- or parent company only -- net earnings in the first half of 1998 were up 2.4 percent over the same period in 1997, to yen 23.9 billion.
- Jul 30 10:59 AM EDT

Tire Co. To Buy Brake, Chasis Unit (Associated Press)
Continental AG, the world's fourth-largest tire maker, will acquire the automotive brake and chassis unit of ITT Industries Inc. for $1.93 billion in cash.
- Jul 27 8:50 AM EDT

Continental buying ITT Industries brake unit (Reuters)
Continental AG, the world's fourth-largest tire maker, said Monday it was branching out into braking systems by buying the brake and chassis business of ITT Industries Inc. for $1.93 billion.
- Jul 27 6:16 PM EDT

Goodyear Debt Rating Raised by Standard & Poor's (PR Newswire)
Standard & Poor's Rating Services has raised its rating on The Goodyear Tire & Rubber Company's corporate credit and senior debt to A- from BBB+.
- Jul 27 8:19 AM EDT

SEATTLE - A new gold rush spreading across America. And it has nothing to do with the Internet, computers, or home entertainment. However, it has everything to do with tires; gold tires.

Earlier this year, inventor/entrepreneur Jesse Cross unveiled the newest spin on modern-day vehicles, custom gold-trimmed tires for any vehicle. Unlike other custom designs created in garages across the U.S., Cross' design was worthy enough to be granted a patent from the U.S. Patents Office.

Cross' new company, California Golds, has been fulfilling orders from all over the U.S. Feedback from customers have been positive, as Cross expects continued growth through 1999.

"I have for many years purchased those other gold stripped tires," said Reverend Smith of Seattle, WA. "I was surprised to find the price very reasonable and the ride was superior to what I was used to."

[For more information on this product click here]