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.
Goodyear Dunlop Tyres UK Limited has announced the appointment of Mark Dilks as Brand and Market Planning Manager. Dilks will be responsible for developing the brand and market strategies for the company’s wide range of consumer tyre brands, including Goodyear, Dunlop, Fulda, Falken and Sava.
Michelin and the United Steelworkers on Tuesday reached a tentative agreement on a new contract for hourly workers at three of its BFGoodrich tyre plants in the United States. Details of the agreements, which cover about 3,450 workers, will not be released until the union has completed ratification votes, Michelin spokeswoman Lynn Mann said. The contracts covering the Michelin union workers in North America were to expire at midnight on July 22, but both sides had agreed to temporary extensions while talks continued. The agreement covers two of Michelin’s BFGoodrich plants in Alabama and one in Indiana and is to be used as a template for contract talks with Goodyear Tire & Rubber Co. and Bridgestone Corp. in North America.
(Akron/Tire Review) The United Steelworkers’ (USW) master contracts with Michelin North America, Goodyear and Bridgestone/Firestone expired Sunday at midnight without incident and without a walkout by union workers. But twice over the weekend the union and Michelin agreed to extensions of their contract – one 24-hour extension on Saturday and a 48-hour extension on Sunday. The contract, which covers Michelin’s unionized plants in Tuscaloosa and Opelika, Ala., and Fort Wayne, Ind., is now scheduled to end at midnight on July 25.
(Akron/Tire Review) Volkswagen has selected the Goodyear Eagle LS-2 in size 235/45R17 for standard fitment on the new VW Eos, which will go on sale in the US late this year. The Eos will be available in the US with a 200-horsepower, 2.0-litre turbo four cylinder model and and a 250-horsepower 3.2-litre V6.
(Akron/Tire Review) Cooper Tire & Rubber Co. plans to unveil its second quarter and first half financial results before the market opens on Thursday, 3 August. Goodyear Tire & Rubber Co. has not said when its second quarter/first half figures will be issued.
According to an article in the Akron Beacon Journal, Goodyear Tire & Rubber Co. is seeking dramatic changes in wages, job classification and benefits for thousands of union workers to save millions of dollars in North America, the United Steelworkers of America says. The tyre manufacturer and the USW are negotiating a new contract in Cincinnati, with the current three-year agreement expiring Saturday.
(Akron/Tire Review – Reuters) Goodyear Tire & Rubber has made considerable progress on a North America turnaround, but looming pension liabilities, tough labour talks and high material costs are raising credit investors’ worries that further progress could be slow. Ignoring Goodyear’s strong rise in first-quarter earnings on 4 May, credit investors have sold off the company’s bonds, pushing prices lower over the past two months. Goodyear’s 7.86 per cent notes due in 2011 have fallen to 91.7 cents on the dollar from a high this year of 99.5 cents on 9 May, according to MarketAxess.
(Akron/Tire Review) Standard & Poor’s has dropped Cooper Tire & Rubber Co. from its S&P 500 index. The Findlay, Ohio, tyremaker will be replaced by telecommunications firm Windstream Corp. According to S&P, Cooper was the smallest member of the 500 in terms of market capitalization. In November 1999, Goodyear Tire & Rubber Co. was cut from the Dow Jones Industrial Average, which considers the performance of 30 stocks.
Leading tyre specialist Treadsetters Tyres Ltd. Kenya, which has been a Bandag Dealer for 15 years, has chosen Kisumu, Kenya as the location for its third Bandag retreading shop.
Described as a busy, lively port and road hub on Lake Victoria, Kisumu is Kenya’s third-largest city, after the capital Nairobi and the port of Mombasa on the Indian Ocean. Treadsetters Tyres chose the location because the town is a major centre on the transport corridor between the coast and Uganda.
(Akron/Tire Review) Each of the 12 locals representing Goodyear Tire & Rubber Co. plants have authorized the United Steelworkers to call a strike should master contract talks bog down. The USW’s contract with Goodyear expires 22 July, and there are no indications that the union is anxious to strike, though. According to the USW, strike authorization was approved by an average of 97.5 per cent of union workers at all of the impacted plants.
The United Steelworkers (USW) have announced that BFGoodrich/Michelin has been selected as the “target company” for 2006 master contract negotiations in the US rubber and tyre industry. Representatives from USW bargaining committees engaged in contract talks with Bridgestone/Firestone (BFS), Goodyear and BFGoodrich/Michelin voted in Cincinnati, Ohio.
Hi-Q has invested “heavily” in the re-development of its three national training centres. The training facilities in Slough, Leeds and Dudley provide on-going professional training to employees based throughout the UK. Facilities over the three sites include e-learning zones, ramp areas, functioning tyre changing facilities and a fully equipped mock up reception area.
Goodyear Dunlop Tyres UK has appointed Robin Sharpe as director, Truck Tyres UK and Nigel Sowerby as manager, TruckForce, UK. Sharpe joins the company on 1 August, and will lead the continued expansion of the UK Goodyear Dunlop truck and bus tyre business, including the rollout of the recently launched TruckForce service network across the country. Announcing the appointment, UK general manager, Mark Brickhill said: “Robin has a proven record of delivering successful results in varied markets. He has particular skills in managing organisational change and building people management capabilities. His background in managing key accounts and building long term business to business relationships will enhance our truck business unit.”
Goodyear Tire & Rubber Company will cut more than 150 positions in its European business unit in order to create annual savings in selling, administrative and general expenses of over $10 million. “Concurrent with efforts to grow our top line through innovative new products and marketing, we are intensely focused on reducing the company’s global cost structure,” said Goodyear chairman and CEO Robert J. Keegan. “Our objective is to achieve cost reductions totalling between $750 million and $1 billion by 2008, including $150 million to $200 million in SAG (sales administration and general) costs.”
This year’s tyre exhibition saw Bandag release quite a lot of news coming from the new product department. But what was most interesting for the international press as well as for customers, was Bandag’s future in the European fleet business after its biggest customer (GE/TIP) left. Although marketing director Danny van Essche confirmed that Bandag is going to remain active in the European fleet business, the company is said to have learned a lesson by GE/TIP’s retreat. This lesson will be used to adapt Bandag’s business strategy in a positive way: “We will not aggressively pursue international fleet business anymore.”
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.
