Goodyear Archives - Page 137 of 243 - Tyrepress

Founded in 1898 by Frank Seiberling, The Goodyear Tire & Rubber Company is an American multinational tyre manufacturing company based in Akron, Ohio. It is one of the oldest, biggest and best-known tyremakers in the world. Goodyear makes tyres for automobiles, commercial trucks, light trucks, motorcycles, SUVs, racing cars, aeroplanes, farm equipment and heavy earth-mover machinery. Find all the news and analysis you need relating to Goodyear here.

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Goodyear Assurance Gains Top Award From China’s Auto Magazine

After undergoing extensive testing, Goodyear’s Assurance tyre has received the 2008 “Annual Product of the Year Award” from Auto Magazine, one of China’s most respected automotive publications. Upon delivering word of this distinction, Goodyear comments that the Assurance, introduced in China last April, provides drivers with outstanding traction and performance – and therefore enhanced confidence. The tyre accomplishes this, says Goodyear, by incorporating Kevlar fibre along with a silica-based sidewall compound to help resist cuts and tears. The Assurance tyre’s ArmorGrip Technology also sports an array of interlocking waffle blades and additional silica-based compounds within its tread that provides enhanced lateral stability and de-coupling power to assist grip over varied road conditions and on both wet and dry surfaces.

21st November 2008/by Tyrepress Editors

Goodyear Shares Hit Lowest Point in Five Years

Shares in Goodyear Tire & Rubber sank to their lowest point since 2003 on November 20. Their fortune linked to the downward spiral of the ‘Big Three’ vehicle manufacturers, despite Goodyear’s recent efforts to emphasise that the majority of its sales are for the replacement market.

21st November 2008/by Tyrepress Editors

Goodyear Suspending Production at Luxembourg Truck Tyre Factory

According to a news report broadcast by Luxembourg television station RTL, Goodyear will next week stop production at its Colmar-Berg, Luxembourg facility. The reason given for this week-long pause in production is a sharp decline in demand for truck tyres. According to the broadcaster, this stoppage is a one-off action. Since early October the manufacturer has first shut down production in the truck tyre factory on Sundays, and then also on Saturdays.

20th November 2008/by Tyrepress Editors

Freedom from the ‘Black Gold’

By 2013 Sumitomo Rubber plans to be selling tyres containing absolutely no petrochemical materials. This news was printed in the company’s 2008 – 2011 environmental statement, which was published in Japanese only on November 17. It appears likely the oil free tyres will initially be sold on the Japanese market only.

19th November 2008/by Tyrepress Editors

Goodyear GPS Models: Picture

Goodyear has released images of the NCC-produced, Goodyear-branded GPS units displayed at the SEMA show (as reported in late October on Tyrepress.com; ‘NCC Directs Goodyear to SEMA Show’). Readers don’t need a satellite navigation system to see that the picture is reproduced directly to the right of this text…

19th November 2008/by Tyrepress Editors

Goodyear Dunlop Employees Dig In for Community

A handful of employees from Goodyear Dunlop togged up in their warmest and braved the winter chill to help brighten their local landscape. Eight employees planted over 130 hedges and trees in partnership with British Waterways, creating a tranquil orchard in the midlands. The tyre maker reports the area in Wombourne, Staffordshire, has been transformed from muddy disused land to an oasis of calm for local residents and visitors to enjoy.

“Last year members of the HR team helped to improve the environment for wildlife at our local canal system as part of our commitment to helping our local community,” said Darren Green, Heath, Safety and Environment manager at Goodyear Dunlop. “It proved to be such a good team building exercise that we are back again, and this time planting trees. The hard work was well worth the effort when we think of all the people who will benefit from this new woodland which we are sure will be enjoyed for years to come.”

18th November 2008/by Tyrepress Editors

Goodyear Slovenian Sub, Sava Takes 2-Week Break

STA, the Slovenian Press Agency, is reporting that the Central European country’s Goodyear subsidiary, Sava Tires, has announced that it will suspend production for two weeks towards the end of December. It will be the fourth time since June that the company has halted production.

18th November 2008/by Tyrepress Editors

State Funds to Help Goodyear Headquarters Project

Goodyear’s global headquarters project will receive US$2 million in funding from the state of Ohio, the state’s government revealed on November 13. The grant is part of a $46 million ”Job Ready Sites” programme funding available through the Ohio Department of Development. The funding is intended to help with utilities and transportation infrastructure at commercial sites throughout the state.

According to the Ohio state government, the grant will go towards the construction of a new headquarters building and research and development centre for Goodyear Tire & Rubber in Akron. The headquarters is part of a $900 million redevelopment plan.

18th November 2008/by Tyrepress Editors

Goodyear ‘Disappointed’ in Standard & Poor’s CreditWatch Decision

Goodyear Tire & Rubber has expressed its disappointment at Standard & Poor’s Ratings Services’ (S&P) decision to place the tyremaker’s credit ratings on CreditWatch with negative implications. The company was one of more than a dozen automotive industry-related firms to be added to the list due to their significant exposure to automakers General Motors, Ford and Chrysler.

“We’re disappointed in Standard & Poor’s action,” said Darren R. Wells, Goodyear’s executive vice president and chief financial officer. “There are fundamental differences between our business and the companies whose businesses are heavily tied to the Michigan-based auto manufacturers.

14th November 2008/by Tyrepress Editors

Goodyear Awarded $2 Million for HQ, Research Centre

Goodyear’s headquarters project has been earmarked for $2 million state funding, as part of a programme introduced by the Ohio Department of Development. The grant is awarded on the understanding that the site will be “Job Ready.” The aim of the project is to provide help in setting up infrastructural aspects of employers’ new sites, allowing workers to begin sooner.

Goodyear’s $2 million, Akron-based news sources report, will help to finance the new headquarters and research and development centre in Akron. The company is part of a $900 million redevelopment of the existing Goodyear facilities and East Akron in general.

14th November 2008/by Tyrepress Editors

Watchdog Bans Continental Advert

The UK Advertising Standards Authority has banned a Continental tyre advertisement, concluding that it could not substantiate its claims that “nothing stops better than a Continental tyre.” Following a complaint by competitors Goodyear and Michelin, the ASA analysed the braking results of all 2007 tyre tests of summer tyres and found that Continental’s competitors had performed better in 28 instances.

As a result the ad – which in technical speak breached substantiation, truthfulness and other comparisons clauses – must not appear again in its current form. An internal document shows Goodyear made its case by submitting the results of all 2007 UK independent tyre tests (which were all won overall by Goodyear HydraGrip or Eagle F1 Asymmetric) to the ASA.

Tim Bailey, Continental Tyre Group Ltd’s advertising and sponsorship manager explained that the company commissioned TUV research that demonstrated the braking ability of its tyres: “We commissioned a special report by the TUV in Germany to test our tyres and those of our competitors in 2007 and this demonstrated that Continental tyres in the pattern and size tested are superior in braking performance in both wet and dry conditions. The claim that ‘nothing stops better than a Continental tyre’ is truthful based on this evidence.

12th November 2008/by Tyrepress Editors

Blimp Meets Wiener – a Day to Remember

Pirelli may gain global recognition through its artistic and iconic calendar, but Goodyear has the blimp – and a 58 metre long airship floating in the sky is a spectacular way for the tyre major to promote its brand. The company has operated blimps since 1925 and currently has three in service. One of these airships, the Spirit of Goodyear, recently became the first Goodyear blimp to meet another illustrious American icon – the Oscar Mayer Wienermobile.

10th November 2008/by Tyrepress Editors

S&P Lowers Goodyear’s Credit Rating

On November 5 Standard & Poor’s lowered Goodyear Tire & Rubber’s credit rating outlook from “positive” to “stable” due to decreasing demand for tyres. Goodyear’s long-term corporate rating remains at BB-, three grades below investment quality, the financial market intelligence provider said in a statement.

7th November 2008/by Tyrepress Editors

New Products Pad Out Alliance Range

Alliance Tire has added new products to its agricultural and agro-industrial line-ups. The Agro-Forest “Seventy” series in size 480/70-28 has been developed to meet the requirements of modern agricultural tractors working in forests and fields. The F-370 tyre enables this combined work without any changes in inflation pressure. The tyre’s structure, says Alliance, enables flotation on the field, high traction and low soil compaction. At the same time, the tread compound, combined with strong steel breakers, provides effective puncture resistance, enabling safe and efficient work in the forest.

5th November 2008/by Tyrepress Editors

UPDATE: Goodyear Sees Q3 Profits Fall

Despite making a significant operating loss of $19 million in the North American market – as reported on Tyrepress.com on 3 November – Goodyear has carded record sales in 2008’s third quarter, up 2 per cent to $5.2 billion. In addition, the company states that its revenue per tyre is up 8 per cent over Q3 2007 excluding the impact of foreign currency translation, a gain that reflects worldwide gains in pricing and product mix generated by the company’s strategy to focus on high-value-added tyres.

Chairman and CEO Robert J. Keegan said that the company’s “solid third quarter concludes a strong nine months of performance, reflecting the successful execution of our business strategies and continued strength in our international businesses.”

4th November 2008/by Tyrepress Editors