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TIA and TTDA oppose mandatory tire registration bill
Modern Tire Dealer
The Tire Industry Association is going to do everything in its power to defeat legislation aimed at making tire registration mandatory.
And that legislation exists. Recently, Sen. Lindsey Graham, R-S.C., introduced S.1741 into the Senate. Also known as the Tire Efficiency, Safety and Registration Act, the bill would require tire sellers to register tires.
Click here to read TTDA's letter to Rep. Michael Burgess, who serves on the House Commerce, Manufacturing and Trade Subcommittee.
Commentary: China tire duties will impact US plants
Rubber & Plastics News
There definitely are two different portraits of the U.S. tire industry being drawn in the debate over antidumping and countervailing duties against passenger and light truck tires imported from China.
Those pictures were drawn clearly during the recent hearing before the International Trade Administration that led to a decision to support substantial duties against those importing tire lines from China into the U.S. The International Trade Commission will make its determination July 14 on whether final duties will go into effect.
Bipartisan push in Senate for auto safety reform
The Detroit News
Senate Republicans and Democrats on July 9 introduced competing auto safety measures in the wake of more than 120 deaths linked to faulty ignition switches and more than 32 million vehicles recalled for faulty air bags.
But the parties have dramatically different approaches.
Honda recalls 4.5 million more vehicles over Takata air bags
The New York Times
Honda on July 9 announced another multimillion-vehicle recall to replace air bags supplied by Takata, this time targeting 4.5 million vehicles in Japan and other markets outside North America.
The Japanese automaker said it was recalling 1.63 million Fit compacts and CR-V crossovers in its home market. It withheld details of the recalls outside Japan, pending formal notices to each country’s safety regulator, except to say there were no new recalls in the United States or Canada, the epicenter of the crisis so far.
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Waco: Dumping old tires could lead to jail time
The City of Waco is demanding residents to recycle their old tires instead of dumping them.
Dumping tires is illegal and could lead to jail time.
"Any tires that are dumped can be up to a state jail felony depending on the weight and how many tires there are," said Robert Young, McLennan County Sheriff's Department Environmental Crimes Investigator.
Late-model vehicles place high demands on batteries
Long, cold winters are hard on car batteries, but long, hot summers can be even harsher. Batteries in hot climates like Arizona, New Mexico and Florida typically need to be replaced a year or two sooner than those in states with more moderate climates. The reason is that heat causes the electrolyte inside the battery to evaporate, and once the level drops below the tops of the plates, the plates suffer permanent damage. To make matters worse, sealed top "maintenance-free" batteries have no provisions for adding make-up water. Consequently, many of these batteries are doomed if their water level gets too low.
NHTSA may investigate new Toyota unintended acceleration case
After paying a $1.2 billion settlement to the U.S. government last year, Toyota largely put the unintended acceleration recall behind it. Although, there were still some civil lawsuits to handle. A new case where the owner of a 2009 Lexus ES350 is petitioning the National Highway Traffic Safety Administration to open another analysis could draw the issue back to the forefront. Investigators are still deciding whether to research these claims further, though.
How junk cars can slip through the cracks
In May, 7,000 to 10,000 vehicles that were covered by insurance were soaked by floodwaters that hit Texas.
And that's not including the countless cars and trucks that were uninsured.
That is according to the National Insurance Crime Bureau, citing data from Copart, a salvage auction company. The bureau is funded by insurance companies and works to prevent insurance fraud.
Borrowing lower tax rates using LLCs, FLPs
By David B. Mandell, JD, MBA, and Carole Foos, CPA
Everyone wants to reduce income taxes, including tire and service professionals. Limited liability companies (LLCs) and family limited partnerships (FLPs) are tools that can allow for tax savings on passive income by "borrowing" the lower tax rates of family members. FLPs and LLCs are quite similar. You can think of them as closely related, like brothers and sisters, as they share many of their best characteristics. This article will explain how to use these methods.
Colby Horton, Vice President of Publishing, 469.420.2601
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Ross Lancaster, Senior Content Editor, 469.420.2697
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