You are here: / / / Goodyear wants to end Sumitomo Rubber tyre joint venture

Goodyear wants to end Sumitomo Rubber tyre joint venture

Author: Tyrepress Editors Comments: 1
Sumitomo Rubber's Kobe headquarter building Sumitomo Rubber's Kobe headquarter building

Goodyear Tire & Rubber Co. Ltd has asked Sumitomo Rubber Industries Ltd. to end the two companies’ tyre joint venture in Europe and alliances in Japan and the US. According to a report published by the Kyodo news agency and reproduced by numerous sources online, the increasing influence of emerging economies (as opposed to the mature markets in the cooperation) is behind the move. A Japanese language statement on Sumitomo’s corporate website appears to confirm the report. Tyres & Accessories is seeking further confirmation and comment on this breaking news and will publish additional details as they become available.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Goodyear ending Sumitomo alliance due to “anti-competitive” behaviour
  2. Bridgestone Americas Launches Newest Blizzak
  3. Yulex, Versalis to produce guayule rubber in Southern Europe
  4. US women plump for Goodyear
Comments
Goodyear confirms alleged ‘anticompetitive behaviour’ is why it’s ending Sumitomo alliance February 14, 2014
[…] Goodyear executives yesterday, later on 13 February 2014 Goodyear confirmed that it is moving to end its joint venture with Sumitomo Rubber Industries. The company also confirmed comments suggesting that the move has […]
Comments closed
Share this entry
Dunlop Aircraft Tyres thriving and growing Goodyear reports 27% increase in 2013 operating income

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.