Goodyear Archives - Page 106 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 amends European credit facility, closes notes offering

Goodyear has today released the following statement about changes to its European credit facility: “The Goodyear Tire & Rubber Company today announced that it has amended and restated its European revolving credit facility and closed an offering of €250 million aggregate principal amount of senior notes due in 2019 by its European subsidiary, Goodyear Dunlop Tires Europe B.V. (GDTE). Changes to the European credit facility include the extension of the maturity to 2016 and the reduction of available commitments from €505 million to €400 million. Loans under the amended facility will bear interest at EURIBOR plus 250 basis points.

21st April 2011/by Tyrepress Editors

Goodyear EfficientGrip receives GreenWorks’ “Green Innovation Award”

Goodyear’s EfficientGrip tyre has been awarded The Green Innovation Award by GreenWorks, a Luxembourg platform dedicated to companies sensitive to environmental impact and initiatives that favour sustainable development. “This award values all the efforts the Goodyear Innovation Centre, Luxemburg (GIC*L) team has made to reduce the CO2 footprint with innovative technologies applied not only to the EfficientGrip tyre, but to all our newly developed tyres,” said Marc Junio, general director of GIC*L. “Such innovative technologies are required in light of the upcoming EU regulations, which require tyre labelling containing fuel efficiency, noise and wet performance information as of 2012.”

20th April 2011/by Tyrepress Editors

Goodyear to report on first quarter on 29 April

Goodyear has announced that it will report its first quarter financial results before markets open on 29 April, followed by an investor conference call at 10:00 local time (five hours behind the UK). Chairman and chief executive officer Richard J Kramer and executive vice president and chief financial officer Darren R Wells will be present. As usual, the manufacturer will post the information on its investor relations website 45 minutes before the conference call. A replay will be available on the website.

19th April 2011/by Tyrepress Editors

Goodyear breaks ground on GHQ project

Goodyear has announced that it officially broke ground on its new global headquarters complex in Akron, Ohio today. Goodyear chairman, CEO and president Richard J. Kramer, Ohio governor John Kasich, Akron mayor Don Plusquellic, and Summit County executive Russ Pry made brief remarks, then were joined by a number of federal, state and local officials – all of whom helped negotiate the deal – to shovel the first earth. The project was announced several years ago, but the credit crisis and its effect on the manufacturer forced delays. The new facility is located next to the company’s Innovation Center; Goodyear will lease the office space until 2038 as part of the agreement and have potential options until 2093. The project is scheduled to be completed in early 2013.

18th April 2011/by Tyrepress Editors

KYB looks to MAM to improve catalogue data

MAM Software today announced that shock absorber supplier KYB UK is to use MAM's Automate suite to enhance and publish its catalogue data. Automate will help KYB significantly improve the quality of its product data and become self-sufficient in publishing information to MAM's Autocat+ parts catalogue.

18th April 2011/by Tyrepress Editors

Goodyear Dunlop UK to switch distributors to DHL

Goodyear Dunlop UK has announced that it will change its logistics service provider following the expiration of its current contract for warehousing and distribution activities in quarter three of 2011. The manufacturer has selected DHL as its new provider. It is currently contracted with Norbert Dentressangle, and the companies are now jointly developing a transition plan “to ensure continued outstanding service to customers”, says a Goodyear Dunlop statement. Full details of the transition plan will follow before the end of April.

15th April 2011/by Tyrepress Editors

Cam Systems launches EDIWheel support

Cam Systems has announced that it is supporting EDIWheel development with the launch of new Cameo functionality which will enable customers to deal automatically with purchase invoices and purchase credits. The Cameo V22 software will allow users to receive purchase invoices and purchase credits electronically via EDI-Wheel from their OEM suppliers and systematically match the originating Cameo purchase order against the manufacturer’s invoice or credit along with the corresponding Cameo goods inwards note (GIN). It automates the posting process where a systematic match has been achieved.

13th April 2011/by Tyrepress Editors

Goodyear has “positive momentum”: Kramer

In his address at The Goodyear Tire & Rubber Company’s Annual Shareholder Meeting today, chairman and chief executive officer Richard J. Kramer said he is confident in Goodyear’s strategy and believes the company is well positioned to achieve its goals, having been pleased with Goodyear’s 2010 performance, which exceeded the company’s targets. The company’s financial results reflected significant improvement in all four regional tyre businesses, most notably North American Tire’s return to profitability, he said.

12th April 2011/by Tyrepress Editors

Goodyear re-elects 12 directors to board at 2011 annual meeting

Shareholders of The Goodyear Tire & Rubber Company have re-elected 12 members of the company’s board of directors including chairman, president and CEO Richard J Kramer (full list below). The company also officially appointed PricewaterhouseCoopers as the company’s independent registered public accounting firm for 2011, having had the action ratified by shareholders.

12th April 2011/by Tyrepress Editors

MAM offers EDIWheel ordering compatible with Bridgestone, Continental, Goodyear-Dunlop, Michelin, Pirelli

MAM Software has announced that it has extended its electronic ordering module to include major tyre manufacturers Bridgestone, Continental, Goodyear-Dunlop, Michelin and Pirelli by utlising the EDIWheel e-commerce standard. According to the company, MAM's tyre ordering module allows users to easily check stock, place orders and see delivery schedules without having to phone suppliers or use browser-based portals. Working directly from within MAM's Autopart business management software, users can retrieve real-time stock availability, place immediate purchase orders and receive real-time line-level acknowledgements.

8th April 2011/by Tyrepress Editors

Taking the initiative

Editorial/Comment

Recent months have seen a flurry of activity in the road safety and legislative lobbying arenas. During March and April this culminated in the surreal combination of blimping, debating, campaigning and contesting – all focusing in on improving road safety in general and tyre and wheel integrity in particular.

5th April 2011/by Tyrepress Editors

Sale of Goodyear Latin America agri tyre business completed

The sale of Goodyear’s Latin America agricultural tyre business to Titan Tire was completed on April 1. Goodyear reports completing the sale for approximately US$99 million, subject to post-closing conditions and adjustments. The transaction includes the company’s Sao Paulo manufacturing plant, property, equipment and inventories and a licensing agreement that will allow Titan to sell Goodyear-brand agricultural tyres in Latin America and North America.

4th April 2011/by Tyrepress Editors

Cooper expresses ‘surprise’ at off-take reports

Following the publication of an interview with representatives of China’s Hangzhou Zhongce Rubber tyre manufacturing business, Cooper Tire & Rubber Europe has expressed “surprise” at one particular reported detail. In an email to Tyres & Accessories the company’s marketing and communications manager, Sarah McRoberts contested any suggestion that the company “was claiming to make tyres for Cooper.”

31st March 2011/by Tyrepress Editors

Goodyear survey highlights poor knowledge of Highway Code

Results from the poll of 5,000 motorists showed a large percentage failed to correctly answer a number of general knowledge and picture questions covering The Highway Code. 48 per cent of those surveyed also didn’t know that the typical stopping distance for a car driving at 50mph is 53 metres or 13 car lengths. Nearly a fifth thought they could get away with 36 metres.

31st March 2011/by Tyrepress Editors

Quentin Wilson: ‘Global driving skills crisis, particularly in the UK’

Goodyear’s apparent ‘safety ambassador’ at the firm's Blimp re-introduction to UK airspace was Quentin Wilson, who voiced support for the company’s efforts to raise road safety awareness in this area.

“Say ‘road safety’ and people reach for the valium,” Wilson said during a press conference at the launch, explaining that motorists have had enough of speed-camera-politics and apparently disingenuous claims that these have delivered safer roads and not just higher revenues.

31st March 2011/by Tyrepress Editors