Goodyear Archives - Page 108 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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Q4 2010 better than expected for Titan

Titan International returned to the black last year after recording a year-end net income of US$0.4 million, boosted by a final quarter that was, as described by company chairman and CEO Maurice M. Taylor Jr., “better than what we thought it was going to be.” In 2009 the United States based off-road tyre maker experienced a net loss of $24.6 million. Net income in this ‘better than expected’ fourth quarter amounted to $0.7 million; a year earlier Titan International made a loss of $30.7 million in the final quarter. Titan reached its annual net result on the back of sales of $881.6 million, a year-on-year increase of 21.1 per cent, and operational income of $40.9 million. Fourth quarter 2010 sales were $232.7 million, up 58.8 per cent year-on-year, while the quarter’s gross margin was up from a loss of $0.8 in 2009 to $26.0 million last year.

25th February 2011/by Tyrepress Editors

Goodyear launches Assurance Fuel Max tyre in India

Goodyear India has announced the launch into the market of its Assurance Fuel Max tyre. “In the current environment where the rising fuel costs are a huge concern, Fuel Max technology is designed to improve fuel consumption without compromising on mileage or performance,” said Rajeev Anand, chairman and managing director, Goodyear India.

23rd February 2011/by Tyrepress Editors

Goodyear India to study market viability prior to TBR launch

A market study into the viability of selling Goodyear’s truck and bus radial range in India has begun, reports the Hindu Business Line. The managing director of Goodyear India, Rajeev Anand, stated on February 22 that “We are putting our TBRs into the market on a pilot basis for testing. The market study will take around 18 months after which we will launch a new range. At present we only make cross ply tyres for trucks and buses, in which we have a small market share.” As the financial daily notes, radials still account for just 12 per cent of the 950,000 truck and bus tyres sold in India each month, yet sales have more than doubled in the last two years due to growth in the commercial vehicle market.

23rd February 2011/by Tyrepress Editors

Proctor & Gamble's Geissler elected to Goodyear Board of Directors

Goodyear has announced the election of Werner Geissler, vice chairman of global operations for The Procter & Gamble Company, to the company’s Board of Directors as an independent director. “Werner brings to our Board of Directors more than three decades of valuable experience in brand and business leadership,” said Richard J. Kramer, chairman and chief executive officer. “His consumer marketing expertise, along with his international insights, will be an asset as we continue to carry out our global strategy in 2011 and beyond.”

22nd February 2011/by Tyrepress Editors

Haweka to exhibit at April’s CV show

Haweka UK, a leading independent manufacturer of wheel balancing accessories and commercial vehicle alignment equipment, is to show its range at the Commercial Vehicle Show at the NEC in Birmingham this April.

17th February 2011/by Tyrepress Editors

Titan to raise US aftermarket farm, construction tyre prices

Titan Tire, the US subsidiary of Titan International, has announced that it will increase its aftermarket prices for its Titan and Goodyear branded farm and construction tyres from 1 April. On the back of raw materials, energy and transportation costs tyre prices will increase by up to 8 per cent, though Titan also stated that “certain tyres’ prices may rise in excess of 8 per cent due to realignment and positioning of the product.” The rise will affect tyres shipped on or after the date of the increase.

15th February 2011/by Tyrepress Editors

JP Morgan increases Goodyear 2012 EPS, drops 2011 figure

Analysts at JP Morgan have increased their estimates for Goodyear Tire & Rubber's 2012 earning per share (EPS) and reduced 2011’s figure – mainly due to the impact of raw material prices. To reflect the impact of higher natural rubber prices, JP Morgan lowered its 2011 earnings per share projection to $0.50. However, 2012 has been revised up to $2.25. The estimates assume global volume growth of 4 per cent in 2011 and 2012 and a $374 million negative price/mix against raw material costs spread out in 2011.

14th February 2011/by Tyrepress Editors

Bainbridge, Hershberger Leaving Hankook

Two Hankook Tire America Corp. executives have opted to leave the company. Bill Bainbridge, director of brand communications, has decided to retire effective February 25. He joined Hankook in 2003 after stints with Toyo Tire USA, where he served as marketing director from 1996 to 1999 and as a regional sales manager from 2001-03. Prior to that, he held positions with SEMA, where he was vice president of marketing from 1999 to 2001; and BFGoodrich Tire. in a variety of in-store and field positions.

11th February 2011/by Tyrepress Editors

Goodyear launches quick-braking Eagle F1 Asymmetric 2

Goodyear has launched its follow-up to the popular Eagle F1 Asymmetric tyre at a brand event in Seville, Spain. The UHP tyre was three years in the making; a response to development requirements set by the company to improve braking in dry and wet conditions, reflecting the company’s safety-conscious branding. Goodyear has introduced its “ActiveBraking Tecnology” in this tyre, a tapered edge tread block design that “develops more surface area” under braking load, helping the “high surface silica tread compound” to work over a larger contact area – around 30 per cent more than before – to bring vehicles to a standstill in less time.

11th February 2011/by Tyrepress Editors

Ford selects Hankook for new Explorer

Hankook Tire has signed a contract with Ford to supply its premium Optimo H426 tyres for the 2011 Ford Explorer, which has been named the North American truck of the year. “Hankook Tire will come closer to customers in North America with its contract for the most popular SUV in North America, the Ford Explorer,” the company stated in a press release. (Tire Review)

11th February 2011/by Tyrepress Editors

Goodyear to close Union City plant by year’s end

WIthin its full year 2010 results report, released February 10, Goodyear Tire & Rubber discloses plans to close its tyre making facility in Union City, Tennessee by the end of this year. A stated reason for proceeding with closure plans is the desire to “reduce high-cost manufacturing capacity globally” as per Goodyear strategy. The Union City plant currently employs approximately 1,900 people.

10th February 2011/by Tyrepress Editors

Goodyear to announce fourth quarter 2010 financial results

The Goodyear Tire & Rubber Company has announced that it will report fourth quarter 2010 financial results before markets open on Thursday, 10 February, to be followed by an investor conference call at 10:30. Participating will be Richard J Kramer, chairman and chief executive officer, and Darren R Wells, executive vice president and chief financial officer. The company will post its financial information around 45 minutes before the start of the call on its investor relations website. A taped replay will be available later that day by calling (706) 645-9291. The replay will also remain available on the website.

2nd February 2011/by Tyrepress Editors

Bailey, Völmicke join new Goodyear Dunlop communications team

Goodyear Dunlop’s James Bailey is joining a new Brussels based team headed up by the company’s EMEA communications director Tom Delforge after accepting a promotion to the newly-formed role of director, brand PR for the company’s Europe, the Middle East and Africa region. In his new position, Bailey will promote the Goodyear and Dunlop brands throughout the various EMEA markets; his brand-focused position complements that of fellow team member Jens Völmicke, previously brand and product PR manager at Goodyear Dunlop Europe. In the new role of EMEA region Corporate Communications director Völmicke will be involved with communications involving Goodyear Dunlop as a company, covering a range of subject areas including corporate responsibility and sustainability.

31st January 2011/by Tyrepress Editors

Industrial Tyre Expert Thomas Philip Buckley Dies

Thomas Philip Buckley, founder and owner of Industrial Tires Ltd (ITL) in Mississauga, Canda, died on 14 January. "It was with sad hearts that we learned of Tom's passing," said John Ryder, a vice president with prominent materials handling equipment dealership JH Ryder Machinery Ltd in Mississauga. "Our relationship with Tom and the ITL organisation spanned four decades. His unique blend of a colourful personality, visionary leadership and intuitive business savvy will leave a significant legacy in the materials handling industry."

20th January 2011/by Tyrepress Editors

Kings Road Tyres adds Kleber to Agricultural Product Range

Kings Road Tyres claims to be at the forefront of agricultural tyre distribution in the UK, and as an official wholesaler for leading agricultural manufacturers such as Michelin, Firestone, Trelleborg and Goodyear, as well as the exclusive UK wholesale distributor for both Taurus and Jetire brands, the company is already able to offer an extensive range of agricultural tyres. This product line-up has been further extended for 2011, with the addition of the premium Kleber agricultural tyre range.

18th January 2011/by Tyrepress Editors