Goodyear Archives - Page 152 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 to Invest $1 Billion Dalian, China Tyre Plant

Goodyear is reportedly close to investing over $1 billion in the construction of a tyre manufacturing facility near Dalian. The mayor of Dalian, Xia Deren, told the Reuters news agency that the city’s government had finalised an investment plan and would sign an agreement shortly.

According to the report, Goodyear is planning to build a plant in the Beishan area and hire more than 2,000 employees for a factory that would sell both domestically and for export. Goodyear representatives told Tyres & Accessories that they were aware of the reports, but didn’t give any further details.

28th February 2008/by Tyrepress Editors

Goodyear: Dalian $1 Billion Tyre Factory Report ‘Inaccurate’

Following reports that Goodyear was about to sign an agreement to invest a 10-figure sum in a production plant in Dalian, China, Goodyear has responded to Tyres & Accessories with the following statement. According to Keith Price, Goodyear’s National Media Relations Director: “Dalian is already an important location for Goodyear and further investments in that location are possible, however we continue to explore opportunities in Asia and Dalian is one of them.”

According to Price, Goodyear is not currently in a position to invest the huge figure Reuters reported: “$1 billion in one plant in less than several years is an impossibility for Goodyear. We will make the appropriate announcements once any decisions have been finalized.”

“We also are continuing to evaluate strategic investments in high-value-added and low-cost capacity in Eastern Europe and Asia,” the statement continued, adding: “As indicated in Goodyear’s fourth quarter investor conference call, the company remains committed and on track to reduce our net debt, improve our cash flow and achieve our next stage metrics.”

28th February 2008/by Tyrepress Editors

Goodyear Dunlop Invests in Next Tread Equipment

Goodyear Dunlop UK has taken delivery of new machinery at its Next Tread truck tyre retreading plant in Wolverhampton. The two new Next Tread machines represent a six figure investment for the company’s truck tyre business.

Ken Wilson, QTECH Manager, Retread Europe explained the role of the machines: “The investment is in quality to enable highly accurate, repeatable process control, thus ensuring the highest possible standard of tyre to our customers. The machines are used to buff casings and in the building of the Next Tread (retreaded) tyres.

27th February 2008/by Tyrepress Editors

Racing Ahead

Last July Tyres & Accessories attended the opening of the completely refurbished HiQ outlet in Nuthall road, Nottingham. The reason for our visit to the East Midlands, and what set this particular occasion apart from the numerous store openings that take place each year, is that the revamped Nottingham store was representative of things to come at HiQ. The Goodyear Dunlop group chain of retail fast fit outlets, as we reported in detail within our September 2007 article “What the HiQ “Revolution” Looks Like, was embarking of a programme of standardising its brand image and expanding its nationwide profile considerably. Six or seven months later, these plans are still in their early stages, but with some 30 outlets already refurbished, definite progress has taken place.

26th February 2008/by Tyrepress Editors

Goodyear Settles Minority Shareholder Unease in Poland

A disagreement between Goodyear and the largest minority shareholder in its Polish TC Debica operation has been resolved. On February 26 the US tyre major agreed with Polish investment fund PZU Asset Management that it would increase its stake in and significantly increase its production of commercial vehicle tyres.

The dispute originated in allegations from minority shareholders that Goodyear was harming their interests through intra-group transactions that diminished TC Debica’s results in favour of those of the parent company. After disappointing third-quarter results PZU Asset Management, which holds about 15 per cent of TC Debica shares, and other investors called for a shareholders meeting to appoint an independent auditor to investigate the relationship between Debica and Goodyear.

26th February 2008/by Tyrepress Editors

Goodyear to Give Max Technology UK launch at CV Show

Goodyear Dunlop will be using the 2008 Commercial Vehicle Show (15-17 April) to launch its innovative Goodyear Max Technology ranges to the UK market. According to the company, Max Technology benefits are said to include improvements to fuel consumption, shorter wet braking, greater load capacity and longer tyre life. To prove their performance, Goodyear’s new regional and long haul truck tyres have been independently tested and successfully compared with not only their predecessors but also their competition. Max Technology includes new high silica content tread compounds, new tread designs, new carcass construction and new sizes.

25th February 2008/by Tyrepress Editors

Emphasising the “Good” in Goodyear

The most recent list of the “100 Best Corporate Citizens” to appear in the US magazine ‘Corporate Responsibility Officer’ (CRO) features at least one very familiar name. Goodyear Tire & Rubber made its debut appearance in this who’s who of good business, being counted as number 72 of the 100 best US headquartered public companies.

This is the ninth year in which the Best Corporate Citizens list has been published, and in compiling its “100 Best,” CRO, in partnership with research and consulting firm IW Financial, ranked the corporate responsibility efforts of companies in eight categories: climate change, employee relations, environment, financial, governance, human rights, lobbying and philanthropy. CRO determined the final ranking as a weighted average of the eight categories. Goodyear was the only tyre company honoured with a berth in the top 100.

21st February 2008/by Tyrepress Editors

Van Essche New Goodyear Europe Retread Manager

Goodyear’s European operation, Goodyear Dunlop Tires Europe, has appointed former Bandag Europe executive Danny van Essche to the position of retread manager EU. Mr. van Essche joined the company on February 1, and is based at Goodyear’s European head office in Brussels.

The position of retread manager EU was held by David McMillan until his sudden death last year, and van Essche joins the company following a decade at Bandag EMEA, where he was employed as director of marketing. He left the retreader in September 2006, taking with him considerable experience in the managing of fleet programmes, developing dealer networks and distribution management, and developing new product lines.

18th February 2008/by Tyrepress Editors

Goodyear Tire Reports Record Sales Despite Lower Volumes

Goodyear Tire & Rubber Company reported sales records for both the fourth quarter and the full year 2007. Goodyear’s fourth quarter 2007 sales totalled $5.2 billion (2.65 billion pounds; an 11 per cent increase on the same quarter in 2006). According to the company, improved pricing and product meant revenue per tyre was up 10 per cent in the quarter. Goodyear’s share price jumped as much as 9.6 per cent on the day the results were published.

“Our fourth quarter results show significant gains as we drive sales of our higher-margin premium product lines,” said Robert J. Keegan, chairman and chief executive officer, adding: “This is especially true in our emerging markets businesses in Eastern Europe, Asia and Latin America. In aggregate, these three businesses grew sales 20 per cent and segment operating income 41 per cent in the quarter.”

15th February 2008/by Tyrepress Editors

Four Drivers Named Finalists for 25th Goodyear Highway Hero Award

Goodyear has announced the four finalists for its 25th annual North America Highway Hero Award. The finalists include two professional truck drivers who dove into chilly, murky waters to pull victims to safety in separate incidents; a Canadian driver who perished while trying to save others; and a New Mexico driver who rescued a pregnant woman from a brutal attack after she was run over by her boyfriend’s truck. The finalists were Rick Tower, of Yreka, California; Richard Filiczkowski, of Bountiful, Utah; the late David Glenn Virgoe, of Innisfil, Ontario; and Ronnie Greene, of Regina, New Mexico.

13th February 2008/by Tyrepress Editors

Dębica Launches Passio 2 Mileage Tyre

Dębica has launched a new passenger car tyre aimed at the mileage market. The Dębica Passio 2 summer tyre is the latest addition to the Passio product line, which is one of the most popular summer tyres in Poland, according to the Polish manufacturer (owned by the Goodyear group).

Dębica Passio 2 is said to offer a 16 per cent higher mileage performance than its predecessor. According to the manufacturer, the tyre shows improved performance in almost all characteristics, including driving and braking on wet surfaces as well as higher resistance to aquaplaning. Consequently, Dębica Passio 2 offers compact and mid-size cars improved performance on all road surfaces.

12th February 2008/by Tyrepress Editors

Consumer Info Kiosks at Goodyear Gemini Stores

After a successful test marketing trial last year, Goodyear has decided to place interactive consumer information kiosks in some 2,000 Gemini Automotive Center locations across the US, Goodyear made the announcement last week at its North American dealer meeting in Dallas. The freestanding kiosks feature a touch screen and were developed to simplify sometimes-complicated automotive systems for a consumer to understand.

5th February 2008/by Tyrepress Editors

BFNAT Discusses New Tech Centre

Bridgestone/Firestone North American Tire wants a new technical centre, and is considering either building new facilities in Akron, Ohio or Nashville, Tennessee, or trying to rehabilitate its nearly 100-year-old existing facility in south Akron. The tyremaker, which has some 1,000 employees in Akron and about 600 working in the technical centre, has begun talks with Akron and Nashville officials about possible solutions. BFNAT plans to reach a final recommendation in May, and, with the approval of the boards of both Bridgestone Americas Holding and parent Bridgestone Corporation, announce its plans this autumn.

4th February 2008/by Tyrepress Editors

Goodyear Launches New Assurance Tyre

Goodyear Tire & Rubber is to add a third product offering to its Assurance line of tyres. The announcement was made during the Goodyear Dealer Conference, an annual gathering of the company’s North American retail network.

The new tyre, named Assurance, is a mid-tier product in Goodyear’s passenger tyre family, joining the brand’s two premium offerings in that segment: Assurance ComforTred and Assurance TripleTred. The new tyre will initially be offered in the US in 27 sizes at Goodyear retail outlets and independent tire dealerships by the end of March.

The Assurance is available in tyre sizes ranging from 15- to 17-inch rim diameters. The initial size offering covers 80 per cent of the targeted vehicle group, and includes popular vehicles, such as the Chevrolet Malibu, Ford Taurus, Honda Accord, Toyota Camry and many more.

4th February 2008/by Tyrepress Editors

Goodyear Launches DuraSeal for Trailer Tyres

Three years have past since Goodyear first released its DuraSeal puncture resistance technology, and at a US and Canadian dealer conference on February 1 the company announced it is adapting the self-sealing system for commercial tyres for use on long-haul trucks; the latest DuraSeal product to join Goodyear’s commercial tyre family is the G316 LHT line-haul trailer tyre.

Already proven in mixed-service applications, such as logging, construction and mining, the technology uses a gel-like, solvent-free compound built into the tyre’s inner liner that instantly seals punctures by flowing into void areas and around objects. Officials at Goodyear claim the technology as a unique product, stating that no other tyre manufacturer offers commercial tyres with built-in sealant. “The technology transfer into line-haul trucking is significant,” said Steve McClellan, vice president of Goodyear Commercial Tire Systems. “DuraSeal in the G316 LHT helps reduce fleet downtime, helps lower a company’s cost of operation and enhances retreadability.

4th February 2008/by Tyrepress Editors