Goodyear Archives - Page 105 of 246 - 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.

Tag Archive for: Goodyear

Wholesale destocking leads to 10% fall in US tyre shipments

The latest data from the US shows that shipments, what we might call sell-in sales, of light vehicle replacement tyres fell 12 per cent for RMA members and 10 per cent for the overall industry in July. This follows falls of 8.6 per cent in June and 10.7 per cent in May. Commenting on the figures, Deutsche Bank analysts pointed out that “the weakness was significantly more pronounced for broadline (economy) tyres,” with volumes down more than 20 per cent year-on-year in this segment.

25th August 2011/by Tyrepress Editors

Cooper Tire grant emphasises ‘renewed commitment’ to technical capabilities

Elaborating on news of a recent US$1.5 million grant received from a US Department of Energy (DOE) agency, Cooper Tire & Rubber says the funding will go towards accelerating the “development and refinement of innovative tyre design, construction, materials and reinforcement technologies focused on the replacement tyre market.” The grant from the DOE’s Office of Energy Efficiency and Renewable Energy calls for Cooper to develop an ultra lightweight tyre that delivers a minimum three per cent improvement in vehicle fuel efficiency. The anticipated timeframe for achieving this breakthrough is three years.

23rd August 2011/by Tyrepress Editors

Steve McClellan named Goodyear North American head

The Goodyear Tire & Rubber Company has appointed Stephen R. McClellan as president of the company’s North American Tire business unit. McClellan will succeed Curt Andersson, who plans to pursue other professional interests. McClellan will continue to be responsible for North American Tire’s consumer tyre business until a successor is named.

“Steve brings strong leadership and a proven track record of delivering results,” said Richard J. Kramer, Goodyear’s chairman, president and CEO. “Steve’s career of more than 20 years at Goodyear has included progressively larger leadership positions within North American Tire. His success in running the North American consumer and commercial tyre businesses and his strong relationships with customers make him a natural successor to the role.

18th August 2011/by Tyrepress Editors

Goodyear blimp back in UK skies for evaluation purposes

Two months after the crash in Germany involving one of a pair of blimps leased to Goodyear and the subsequent termination of the company's blimp-related tyre safety campaign, the remaining craft has returned to UK skies. According to Goodyear Dunlop pr support manager Kate Rock, the Lightship Group-owned blimp has returned from a trip to Spain and is currently in the UK participating in a series of flights to evaluate filming locations for future tours. Goodyear Dunlop is not actively promoting the blimp in the UK at the moment, Rock added.

18th August 2011/by Tyrepress Editors

Prototype Goodyear military tyre cuts rolling resistance by 40%

Work on a new, low rolling resistance military tyre and other projects has earned Goodyear high praise from some of the American military’s former top brass. US senator and retired Navy secretary John Warner and vice admiral Dennis McGinn (retired), who is now vice chairman for the CNA Military Advisory Board, recently visited the tyre maker’s headquarters in Akron, Ohio as part of a US-wide tour sponsored by the Pew Project on National Security, Energy and Climate, a group dedicated to highlighting connections between national security, energy independence, the economy and climate change.

18th August 2011/by Tyrepress Editors

‘Surprise’ at Goodyear performance – Morgan Stanley

Analysts at Morgan Stanley have reported their “surprise” at Goodyear’s performance in the second quarter of the financial year. The reason they gave for being caught unaware by the US tyre maker’s 24 per cent increase in sales (to US$5.6 billion) and 66.7 per cent rise in net profit (to $40 million) is that “it came in a quarter of weak shipments and rising raw material headwinds.” Despite unit demand being slightly down, Goodyear’s price/mix of $552 million “comfortably beat” Morgan Stanley’s estimate of $450 million and segment operating income for its North American Tire business was $137 million with a margin of 5.7 per cent, which Morgan Stanley notes is the highest level in a decade and in line with the company’s medium-term target.

17th August 2011/by Tyrepress Editors

Goodyear supplies 100th xlite wheel set to Meiller

Goodyear has a supply deal with the xlite forged aluminium wheel brand across Europe; the tyre supplier has just reached the milestone of 100 orders completed with its tyres fitted on xlite products. German commercial vehicle body specialist Meiller is the recipient of the landmark order. It offers xlite and Goodyear wheel combinations on its tipping semitrailers, supplied in two and three axle, classic and halfpipe formats to carry loads of up to 39,000kg. Meiller uses forged aluminium wheels where specified by its customers in order to improve overload performance, especially when lifting the first trailer axle for better starting traction.

15th August 2011/by Tyrepress Editors

Cooper gains grant for fuel-efficient tyre development

Goodyear is not the only US tyre maker amongst the 40 companies that received grants from the United States Department of Energy’s Office of Vehicle Technology; Cooper Tire & Rubber is another beneficiary, and has been awarded US$1.5 million towards its project to develop a new class of fuel efficient tyres for the replacement market. The tyres Cooper develops, the Department of Energy explains, are expected to utilise innovative materials technology and tyre design concepts in order to improve overall fuel efficiency by three per cent.

12th August 2011/by Tyrepress Editors

Hands-off optimum inflation the goal of US/European Goodyear research

Goodyear Tire & Rubber says it is developing a product that may make manual tyre inflation a thing of the past. The US-based manufacturer is working on what it calls ‘Air Maintenance Technology’, or AMT for short. What is potentially revolutionary about AMT is that Goodyear says the system now under development in its research and development centres will enable tyres to remain inflated at the optimum pressure without the need for any external pumps or electronics, thus eliminating excess fuel costs caused by incorrect tyre inflation. All AMT components, including the miniaturised pump, will be fully contained within the tyre.

12th August 2011/by Tyrepress Editors

Aviation authority reports cold weather hazard for Goodyear inner tubes

Several reports of inner tube failure during cold weather operations have prompted the Federal Aviation Administration in the US to issue a Special Airworthiness Information Bulletin warning of possible failures involving butyl rubber inner tubes manufactured by Goodyear Aviation Tires. The bulletin has been issued as a recommendation and the FAA states that at present the inner tube failure in question does not constitute a safety issue that would warrant airworthiness directive action.

10th August 2011/by Tyrepress Editors

Conti OE for Mercedes CLS, vans

Continental has announced its latest two original equipment contracts with Mercedes-Benz. The German tyre maker will supply tyres for the CLS saloon and high-end versions of the Mercedes Viano and Vito vans.

8th August 2011/by Tyrepress Editors

Bloodbath at the stock exchange

The bloodbath at the stock exchange continues, with share prices of all the leading tyre makers falling sharply. The attention grabbing headline news is set-against strong half year figures from all leading tyre manufacturers which range from very good to excellent. And it is more than likely that the industry will set new record figures at the end of the year in terms of turnover and profit, which in normal circumstances virtually guarantees rising share prices. However, for the last 10 days the contrary has been true.

5th August 2011/by Tyrepress Editors

Goodyear India Awarded Superbrand Status

Goodyear India Ltd was awarded the 'Superbrand' status at a ceremony held in New Delhi 3 August. The award was received by Rajeev Anand, vice chairman and managing director, Goodyear India Ltd. Goodyear India garnered one of the highest scores amongst an assortment of companies and is reportedly the only tyre company in India to receive this recognition.

4th August 2011/by Tyrepress Editors

Goodyear declares dividend on 5.875% preferred stock

Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of 73.44 cents per share of mandatory convertible preferred stock. The dividend is payable October 1, 2011, to shareholders of record on September 15, 2011. The payout represents an annual rate of US$2.9375 per share.

3rd August 2011/by Tyrepress Editors

Goodyear names newest Board member

A 13th member has been appointed to Goodyear Tire & Rubber’s Board of Directors. This newest member is William J. Conaty, retired senior vice president of human resources for the General Electric Company.

2nd August 2011/by Tyrepress Editors