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.
On November 30 Goodyear India announced it would enter into an agreement to reimburse expenses incurred by parent company Goodyear Tire and Rubber Company for services received. This agreement will come into effect on January 1, 2010. The company has also reappointed Daniel Richard Ackerman as an alternate director to Pierre E. Cohade.
Goodyear Dunlop Tires Europe has reported the recent appointment of a new communications director for its Europe, Middle East and Africa (EMEA) region. According to EMEA region president Arthur De Bok, Belgian Tom Delforge began in the role on September 1, replacing Chris Aked, who has retired.
Tyre manufacturers in the US are likely to follow Goodyear in raising prices to offset tariffs on Chinese made tyres and rising raw material costs. This is the opinion disseminated by Associated Press, which reports KeyBanc analyst Saul Ludwig’s view that prices will be up some five to ten per cent by January. Goodyear, which will increase consumer replacement market prices by six per cent in December, imports around two per cent of its tyres from China. Its price increase, thus, could offset the extra costs.
Transense subsidiary, Translogik Ltd has secured significant order for its tread depth and tyre pressure field inspection kits from Cetaris, a leading Enterprise Asset Management (EAM) provider in North America. Cetaris will now deploy the Translogik kits as part of its innovative EAM and Fleet Maintenance Solution. The system will provide its customer fleets with "real-time" mobile data capture capabilities. The announcement follows a successful pilot programme, the newly ordered kits will be deployed throughout the Cetaris network in 2010.
Goodyear’s Turkish operation, Goodyear Lastikleri, has selected Ceva Logistics to handle its logistics requirements. Ceva Logistics will provide Full Truck Load (FTL) and Partial (LTL) distribution services from the tyre maker’s factories in Adapazari and Izmit, near Istanbul, to dealers and OEM customers throughout the country. All distribution process will be visible by Goodyear via a web based track and trace system.
The UrbanMax is the latest member of Goodyear Europe’s Max Technologies family, a range promoted by Goodyear Dunlop Tires Europe as featuring the latest technology materials, dedicated tread patterns and durable carcass construction. The UrbanMax MCA and MCD Traction comprise a new line-up of all-season tyres for municipal vehicles, including city buses, fire engines and garbage trucks, and the benefits the manufacturer states these products deliver include high mileage and superb braking on wet and snowy roads.
Henk van Tuyl has been appointed director of Goodyear Dunlop Tires’ Tire Technology Commercial Tires – Europe Middle East and Africa division. Van Tuyl, who is originally from the Netherlands, has worked for the company for more than 21 years and took up his new post on October 1.
US based science and technology magazine Popular Science has included Goodyear’s Assurance Fuel Max in its 2009 “100 Most Innovative Products of the Year” list. The Goodyear tyre appears in the Automotive Technology category of the "Best of What’s New" section and is featured in the magazine’s December issue and online at www.popsci.com.
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Goodyear has announced that the 2010 Toyota Prius will fit its Assurance Fuel Max tyres as standard in the US. According to the company, the fitment for the popular Prius will be Goodyear Assurance Fuel Max tyres in size P195/65R15. The selection of the new Goodyear Assurance Fuel Max for the 2010 Toyota Prius follows earlier announcements that the tyre will be fitted on the 2010 Ford Fusion S and the exclusive fitment for the 2011 Chevrolet Volt.
Translogik Ltd, a wholly owned subsidiary of RFID company Transense, has announced the purchase of intellectual property (IP) relating to Bluetooth enabled tyre inspection tools manufactured by Pneu-Logic and the trading name Pneu-Logic. Translogik paid an initial amount of £50,000 and additional payments will be made, subject to sales volumes, up to an undisclosed agreed maximum. This latest announcement follows the news (on 8 June 2009) that Translogik, Transense’s sales arm, was to distribute the Pneu-Logic made bluetooth tyre tools.
Goodyear COO and president of its North American Tire unit, Richard J. Kramer, has been elected chairman of the Rubber Manufacturers Association. Kramer succeeds Jim MacMaster, executive vice president of Yokohama Tire, whose two-year term has come to an end.
As of December 1 prices for Goodyear consumer replacement tyres will go up by as much as six per cent in North America. The company announced these increases are being made in order to offset higher raw materials costs. This is the first Goodyear price increase for this segment since September 2008, when a 10 per cent increase was implemented.
In September Goodyear announced an intention to increase its ownership stake in the company’s Polish Debica unit. Of the total 13.8 million shares in Debica, some 4.69 were still owned by other parties, and it was the US manufacturer’s intention to “acquire any and all outstanding shares of Polish tire company TC Debica for 59.52 zloty (£12.88) per share.” Goodyear has announced that its cash tender offer, which ran between October 12 and November 10, landed the company exactly 8,220 Debica shares – equivalent to approximately 0.06 per cent of the unit’s worth.
The Goodyear Dunlop factory in the US town of Tonawanda (New York State) is anticipating an increased workload following the closure of the company’s Spartanburg, South Carolina plant. According to Goodyear, a portion of the work now carried out in Spartanburg will be transferred to Tonawanda following the South Carolina facility’s closure at the end of the year, however Tonawanda plant spokeswoman Diane Zwirecki said specific details, including whether the factory will benefit from an expanded workforce, are still being finalised.
Australia’s Motor Magazine has published its 2009 tyre test, and Goodyear is quite pleased about how its Eagle F1 Asymmetric has faired up. The Goodyear tyre scored 131.4 points across all the test categories, almost a full 17 points ahead of the next best performer, Dunlop’s SP Sport Maxx GT.
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