Goodyear Archives - Page 193 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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Former Goodyear Exec Who Fought Goldsmith Dies

(Akron/Tire Review) Frederick Myers, instrumental in helping Goodyear Tire & Rubber Co. fight off takeover attempts, including Sir James Goldsmith’s “greenmail” takeover effort that nearly crippled the tiremaker, passed away July 18. Mr Myers, who was 81, served as Goodyear vice president, general counsel and secretary.

Mr Myers was part of Goodyear’s SWAT Team, an in-house group formed in the 1980s to fend off hostile takeover attempts. The SWAT Team met each morning with then Goodyear Chairman and CEO Robert Mercer. The group gained its greatest victory in 1986 when it fended off Goldsmith costly takeover attempt.

26th July 2005/by Tyrepress Editors

Successful Start For Goodyear TyreOnlineService

Goodyear Dunlop has reported that a recent direct marketing campaign is succeeded in increasing tyre purchases through the company’s TyreOnlineService system.

TyreOnlineService was launched as a pilot scheme in the UK in May 2004, but became available of wider scale this year. The service provides customers with an online solution to purchasing their Goodyear, Dunlop, Fulda and Sava tyres. Since the launch its popularity has risen with many customers now reliant on the system to place their orders on a day-to-day basis, says Goodyear Dunlop.

26th July 2005/by Tyrepress Editors

Assurance Wins Another Award

(Akron/Tire Review) Goodyear Tire & Rubber Co.’s successful Assurance Triple Tred line has already been honored with several awards. Recently, the tyre earned recognition as “one of the most innovative ideas of the year” from R&D magazine. The magazine staff selected the product as recipient of an “R&D 100 Award.” The 43rd annual awards summary will appear in the magazine’s September issue, with an awards presentation scheduled for October in Chicago.

25th July 2005/by Tyrepress Editors

Vredestein Sportrac 2 Tops Auto Express Test

Auto Express magazine has named the Vredestein Sportac 2 as tyre test winner in its 2005 Product Honours report. Goodyear’s Hydragrip and the Barum Bravaris were also commended.

“Think tyres and Vredestein is unlikely to be the first name that springs to mind, but the Dutch firm’s rubber certainly is impressive,” the consumer magazine wrote, adding: “Vredestein has always made products that perform well in the wet, and the Sportrac 2 was no exception, recording a series of top-three results.”

21st July 2005/by Tyrepress Editors

US Tyre Shipments Strong in June

US tyre shipments rose 4.2 per cent year-on-year in June, possibly boosted by pre-buying ahead of June price increases. Deutsche Bank analysts, who also calculated the figures, found that shipments for the full quarter were in line with expectations, rising 1.5 per cent compared with the second quarter of 2004. As a result of the strike early in the second quarter, the analysts expect Cooper Tire to “underperform the industry during the quarter.”

In contrast the report suggests Goodyear and other tyre manufacturers outperformed the market in the same period. “We continue to expect an inflection point for Cooper Tire in the third and fourth quarters, as production and industry pricing levels continue to rise,” said the analysts.

15th July 2005/by Tyrepress Editors

Eagle Revspec Wins Influential Australian Tyre Test

(Australia/Australian Tyre Dealer) The Goodyear Eagle Revspec RS-02 has won the best overall performance tyre award in the annual Wheels magazine tyre test for the second year running. The 235/45R17 performance tyre joins the Goodyear Eagle F1 GS-D3 as a Wheels award winner.

14th July 2005/by Tyrepress Editors

Hi-Q Appoints Chris Kisby as Director Retail Operations UK

Chris Kisby joins Hi-Q, the Goodyear Dunlop retail network, from his position as key account director within the company’s consumer business unit, where he has worked for three years. During this time, Mr Kisby focused on key accounts such as Kwik Fit Europe, ATS and Hi-Q Retail.

12th July 2005/by Tyrepress Editors

Racing Driver’s Widow Takes Goodyear To Court

The widow of drag racer Darrell Russell has filed a civil lawsuit in New Braunfels, Texas, against the Goodyear Tire & Rubber Co, the National Hot Rod Association (NHRA), and Simpson Helmets. Mr Russell died from a head injury on 27 June 2004, after the left rear tyre on his dragster exploded at more than 323 mph and he crashed during a race at Madison, Illinois.

11th July 2005/by Tyrepress Editors

Goodyear to Boost Chinese Investment

Goodyear Tire & Rubber Co is to increase investment at its plant in northeast China by more than 10 per cent between now and 2007. The move is designed to offset rising raw material costs, by increasing the production of premium products, according to the company’s Asia Pacific president, Pierre Cohade. Goodyear hopes to profit by sales of replacement tyres, which now account for about half of China’s tyre market and are growing “sizeably” as Chinese drivers buy new tyres, Mr Cohade told Reuters.

6th July 2005/by Tyrepress Editors

Ansell Cuts Value Of Australian Goodyear JV

Australia’s Ansell Ltd has slashed the value of its tyre-making joint venture with Goodyear Tire & Rubber Co by more than half, citing the impact of an influx of cheaper imports and rising raw material costs. In a move largely factored into analysts’ estimates, Ansell said it plans to write down the carrying value of its investment in South Pacific Tyres, or SPT, by $80 million Australian dollars to about A$58 million.

30th June 2005/by Tyrepress Editors

Goodyear Names OTR General Manager

Goodyear has appointed John Sweeney, former general manager for the company’s chemical division since November 2004, said he seeks to improve OTR operations and financial performance. The business has faced an industry-wide product shortage since last year. “We must refocus on customer and end-user needs. In these challenging times, demand has risen dramatically, and we must take the necessary steps to lessen the impact of this shortage on their operations,” Sweeney said.

30th June 2005/by Tyrepress Editors

Goodyear’s Assurance Get an IDEA

(Akron/Tire Review) Not only is it a top seller, but Goodyear’s Assurance TripleTred is also an award-winner, taking a Silver IDEA in the 2005 Industrial Design Excellence Awards.

Co-sponsored by the Industrial Designers Society of America (IDSA) and BusinessWeek magazine, the Industrial Design Excellence Awards evaluates designs for innovation, aesthetics, user benefits, business impact and ecological responsibility. Products from Apple, Nike, BMW and Microsoft were awarded IDEAs in the competition, but the Goodyear Assurance was the only tyre honored.

29th June 2005/by Tyrepress Editors

Goodyear Sells Resins Business

(Akron/Tire Review) Goodyear Tire & Rubber Co has agreed to sell its Wingtack adhesives resins business to Sartomer Company Inc, a unit of the French energy firm Total SA, for a reported $65 million. The sale includes a production facility in Beaumont, Texas, adjacent to Goodyear’s synthetic rubber plant there.

Goodyear said it will continue to supply raw materials to the adhesives resins plant. The adhesives resins business, with 115 employees, produces Wingtack brand hydrocarbon resins, which are used in pressure-sensitive and hot melt applications.

27th June 2005/by Tyrepress Editors

Goodyear Plant Workers Vote For Union

(Akron/Tire Review) Workers at Goodyear Tire & Rubber Co.’s wire plant in Asheboro, North Carolina, voted to be represented by the United Steelworkers (USW). A secret ballot election was held last week, with a final vote of 173-147 in favor of union representation. The USW said that Asheboro workers participated in a card check election in 2004 “that validated the USW as the official employee representative.” However, some workers there dissented, and legal action was taken. The National Labor Relations Board was brought in to conduct the secret ballot vote.

24th June 2005/by Tyrepress Editors

Goodyear Integrates Chemical Biz into North American Tire

(Akron/Tire Review) Goodyear Tire & Rubber Co has reported that it has “reclassified” financial information to reflect the integration of its chemical products business segment into its North American tire segment. The reclassification applies to financial information for each of the three previous years, ending on 31 December 2004.

23rd June 2005/by Tyrepress Editors