Goodyear defends tires
WASHINGTON - Goodyear Tire & Rubber Co. defended its Load Range E tires last week after the National Highway Traffic Safety Administration opened a defect investigation of the tires, used mostly on light commercial trucks. The agency said it and the tire maker together have received 37 complaints about 'sudden and catastrophic' tire failures, primarily tread separations. The complaints include reports of 31 crashes with 129 injuries and 15 deaths. The agency estimated 21 million of the tires are in service.
FORD SETTLEMENT RAISED
CHICAGO - Chicago-area women who sued Ford Motor Co. will receive $9 million to settle a sexual harassment suit - up from the company's original $7.5 million out-of-court settlement with the Equal Employment Opportunity Commission.
About 150 of the thousand women eligible to claim part of the settlement have come forward. The rest have until mid-January to do so.
Lawyers began filing suits more than five years ago. Claims grew to a total of 14 women at Ford factories in Chicago and Chicago Heights. The women say they were harassed with catcalls and swearing while working on assembly lines. They also say the harassment included sexually explicit graffiti in public areas of the plants and inappropriate physical contact.
TOKYO - Mitsubishi Motors Corp. said it will supply 30,000 continuously variable transmissions a year to Korea's Hyundai Motor Co. and its subsidiary, Kia Motors Corp. The transmissions will be used in the Hyundai Sonata and Kia Optima. Mitsubishi owns 1.64 percent of Hyundai and has long been a major supplier of technology to the Korean automaker. DaimlerChrysler AG owns 34 percent of Mitsubishi and 10 percent of Hyundai.
NISSAN DIESEL TOPS ESTIMATE
TOKYO - Nissan Diesel Motor Co. reported better-than-expected earnings for the first half of the fiscal year that ended Sept. 30, thanks to a recovery in demand for heavy trucks and growing sales to Nissan Motor Co. The company, owned 22.5 percent by Nissan Motor and 22.5 percent by Renault SA, said consolidated net income totaled ¥123 million, or $1.15 million, on revenue of $1.9 billion. Comparisons with year-earlier figures were not available because the company did not report half-year results last year. Separately, Nissan Diesel said it will supply Renault SA and its Renault VI truck-making unit with about 30,000 ZD diesel engines a year under a long-term agreement.