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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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Eco Tyres the Focus of Latest European Tyre Test

Bridgestone and Nokian are both chuffed with their tyres’ performance in the latest tyre test to be published by a German car magazine, and they’re not ashamed to mention this. The test in question was published in the August 8 edition of Auto Bild and compares the performance of five eco tyres – the Pirelli Cinturato P7, Bridgestone Turanza ER300 Ecopia, Nokian V, Goodyear EfficientGrip and Michelin Energy Saver. The quintet of size 205/55 R16 green products were fitted to a C-Class Mercedes and subjected to a number of wet and dry performance tests, while fuel consumption was measured with a highly precise in-car meter at speeds of 80, 100 and 130 kph. Rolling resistance was also measured in a test facility.

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Goodyear Awarded Los Angeles Transport Contract

Goodyear Tire & Rubber has been awarded a five-year contract to supply tyres and related services to the second largest transit bus fleet in the US. The deal with the Los Angeles County Metropolitan Transportation Authority – Metro, for short – places responsibility for some 2,550 buses that cover a total of more than 100 million miles each year in Goodyear’s hands.

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Goodyear Hiring Staff as Luxembourg Production Increases

On Monday August 9 Goodyear officially ended the reduced working hours introduced at Goodyear’s tyre making facility in Colmar-Berg, Luxembourg during the recession. Following an extended freeze on new recruitment the company is now seeking new employees, report local media sources. Approximately 170 workers will be taken on in the near future, and the production of truck, OTR and agricultural tyres has now returned to 70 per cent capacity; in 2008 this figure fell to 40 per cent. Management anticipates the plant will reach full capacity again in two to three years’ time.

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Analysis: Saying All Budget Tyres are Lethal is an Unfair Generalisation

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What Car?’s tyre test team make a good point highlighting the differences between some premium and budget products in their recent tyre test. But it appears they went a step too far when they entitled the feature “why budget tyres could kill” lumping the three cheaper products (Arrowspeed, Ovation and Sunew) together in the their final conclusion. It might sound a touch pedantic, but the addition of the word “some” in the headline may have been fairer as this would have avoided generalising about the overall quality of tyres.

It didn’t take long after Tyres & Accessories reported on the tests on our daily e-Newsletter for the manufacturers involved to take up their right to reply. The Korean manufacturer behind Kwik-Fit’s popular Arrowspeed tyre brand arguably has the best case for disputing being tarred with the saw low-budget brush as the Ovation and the Sunew tyres.

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Related news:

  1. Report: Budget Tyres Could Kill, But at Least They’re Quiet
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TIA Names Six to Tire Industry Hall of Fame

(Tire Review) The Tire Industry Association (TIA) announced the recipients of the 2010 Tire Industry Hall of Fame: Gus Hawkinson, owner of Hawkinson Tire Consulting; Nick Hodel, former CEO of Portland Tire Factory; Russell MacCleery, a retired tyre industry veteran; Gary Nash, director of OTR Sales for Yokohama Tire Corp.; Jerry White, chairman of White Tire Supply; and Don Blythe, former executive director of the Western Canada Tire Dealers Association. The Hall of Fame inductions will take place as part of TIA’s Tire Industry Honors event, from 18-19:30 on 1 November at Paris Hotel in Las Vegas.

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Goodyear Offers $900 Million in Senior Notes

Goodyear Tire & Rubber Co. announced it has commenced a public offering of US$900 million aggregate principal amount of 10-year senior notes. The offering was increased from a previously announced offering size of $750 million.

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Damage from Goodyear Germany Factory Fire Minimal

Goodyear Dunlop Tires Germany reports that damage resulting from a fire at its Hanau factory on August 10 is minimal. The fire began in the tyre final inspection area of the plant shortly before 8am; Goodyear Dunlop reports that it originated in a tyre grinding machine’s exhaust extraction system when friction caused rubber powder to heat up and catch fire. Three employees were taken to hospital and placed under observation after inhaling the resultant dense smoke.

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Road Legal Dunlop GP Racer D211 “Echoes D211 GP’s Success”

The road legal descendent of Dunlop’s successful D211 GP motorcycle race tyre has been making waves since its introduction in late 2009, report Goodyear Dunlop representatives. “Echoing the success of the D211 GP race tyre,” states Dunlop, the GP Racer D211 has been adopted both on track days and by one-make national championships across the globe in 2010. As mid-season passes, the tyre is being run in the PromoSport Cup and the WERC series in France, the Yamaha R6 Cup in Germany, the Italian Superstock 600 championship, the Dubai 600 and 1000 Superstock Championships and the Ducati 848 Cup and Harley Davidson Cup in the UK. In Australia, the slick version (GP Racer D211 Slick) is used for the National Superbike Championship.

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Goodyear Commences Senior Notes Offering

The Goodyear Tire & Rubber Company commenced a public offering of $750 million aggregate principal amount of 10-year senior unsecured notes today (10 August 2010), subject to market and other customary conditions. According to the company, Goodyear plans to use the offer offering, together with cash and other funds to redeem $325 million in principal amount of 8.625 per cent senior notes due 2011 and approximately $388 million in principal amount of 7.857 per cent notes due 2011.

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Report: Budget Tyres Could Kill, But at Least They’re Quiet

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What Car? has named and shamed budget brands in a test warning that tyres like these “could kill.” In the test published online on 4 August 2010 What Car? measured the performance of the Arrowspeed CP661, Continental Premium Contact 2, Goodyear Optigrip, Michelin Pilot Sport 3, Ovation VI-182 and Sunew YS112 in dry braking, wet braking, lateral grip and noise tests. The Michelin Pilot Sport 3 came out top, with particularly strong results in wet and dry braking. However, there were some shocking outcomes in the budget sector when it came to braking and noise.

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Related news:

  1. Analysis: Saying All Budget Tyres are Lethal is an Unfair Generalisation
  2. Goodyear: New EfficientGrip Performance 2 tyre offers 20% more mileage than Michelin
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. 3 tyres rated ‘exemplary’ in Auto Bild’s winter tyre test
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Goodyear Launches EV-4R Harbour Tyre

Cost per mile and reliability are of utmost importance to the transport industry, and this particularly applies to operators of harbour based container and freight terminals. The duties carried out by straddle carriers at these sites are often strenuous, and the tyres used there need to provide maximum load capacity and high wear resistance. With its new EV-4R for straddle carriers, Goodyear claims to have developed a radial tyre that satisfies both criteria.

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Michelin Tops 2010 Online Brand Equity Tables

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Michelin has topped Tyres & Accessories’ exclusive online brand prominence rankings for the sixth consecutive year, totting up a record high score as it went. In our second online brand equity measurement – sentiment – compiled in association with the artificial intelligence experts at Cambridge-based Envisional, Michelin won-out for the third year on the trot, demonstrating the firms continuing dominance in this field too.

The Envisional analysis into online appearances or “mentions” of 17 major tyre brands, followed identical studies (looking at 12 of these brands) carried out in September 2005, August 2006, July 2007, October 2008 and September 2009. The major difference this time round is that the 2010 report also includes five up-and-coming brands produced in the Far East and while the data shows that they have a way to go before they will be giving their premium competitors a run for their money, certainly as far as online marketing is concerned.

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Goodyear’s Keegan to Retire; Kramer Elected Chairman

With his retirement plans now finalised, Robert J. Keegan has expressed confidence in handing over the role of chairman of Goodyear’s board to the company’s president and chief executive officer, Richard J. Kramer. The Goodyear board of director’s election of Kramer to the position was announced on August 3 and will take effect October 1. Keegan is stepping down both as chairman and a director and will retire from the company.

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Michelin Upgraded to ‘Buy’ Following Better than Expected Results

Analysts at Deutsche Bank have upgraded their rating for Michelin shares to “Buy” following first half 2010 financial results that were better than expected. The results published on 30 July show that revenues were up 17 per cent, mostly driven by volume growth of 15 per cent. According to the analysts, this was “by far the main earnings driver” since raw material price increases had no negative impact on first half results due to a lag effect. Overall first half 2010 operating income (822 million euros) virtually caught up with the firm’s full-year 2001 operating profit of (862 million euros).

Looking forward, the company’s management is now aiming for a full year operating margin of close to 9 per cent (1.5 billion euros), underscoring that in the second half the group should be able to more than offset a raw materials price headwind of 650 million euros.

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Reasonable First Half Growth for Goodyear in EMEA, North America

Goodyear has experienced a reasonable second quarter of this financial year in the Europe, Middle East and Africa segment, where second quarter sales increased 5 per cent to $1.5 billion. This was primarily due to a 6 per cent increase in tyre unit volume and strong price/mix performance, according to the company. In worldwide results, the company’s sales were $4.5 billion, up 15 per cent from 2009. Second quarter sales reflect the $304 million impact of a 10 per cent increase in tyre unit volume in response to improved global demand.

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