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.
Recent advances from the tyre industry’s leading manufacturers and technology providers have been acknowledged at this year’s Tire Technology International Awards for Innovation and Excellence. The ceremony, held on the evening of February 10 in conjunction with the Tire Technology Expo show in Cologne, Germany, covers five categories.
Goodyear India Ltd. rose 20 per cent – its daily limit – in Mumbai trading after the company said its parent offered to acquire all outstanding shares for 245 rupees apiece, reports Tire Review. As many as 32,039 equity shares changed hands so far, as compared to a two-week average of 8,569 shares.
Goodyear’s newest ultra-high performance tyre, the Eagle F1 SuperCar G:2 has won OE fitment for the 2011 Chevrolet Corvette Z06, reports Tire Review. The new Eagle F1 SuperCar G:2 is “street-refined, but track-capable,” according to Bob Toth, Goodyear’s director of new products.
ITV will increase its coverage of the Dunlop MSA British Touring Car Championship to over 120 hours this year. The Championship’s title sponsor this time around changes from HiQ to Dunlop, as Goodyear Dunlop continues to publicise the motorsport capabilities of the brand, which also supplies the BTCC. The move by ITV will therefore please Dunlop, which will be getting an increased opportunity for brand exposure direct to motorsport fans’ living rooms.
Curt Andersson has been named president of Goodyear’s North American Tire unit, a position that has been “open” since current NAT president Rich Kramer was promoted to COO of the global company last year. Andersson, 48, comes to Goodyear from Crouse-Hinds of Syracuse, New York, were he served as president of the Cooper Industries unit. Prior to Crouse-Hinds, Andersson was senior vice president of industrial integration for The Timken Co. in Canton, Ohio, and held management posts with General Electric.
At the beginning of January 2010 Davian Enterprises LLC, a newly founded company, acquired Wyko Tire Technology. Wyko Tire Technology had previously been owned by Eriks NV, a Dutch company, and is based in the Dudley, UK, with further manufacturing facilities located in Greenback, Tennessee. Terms of the purchase have not been released.
On February 2 Goodyear Tire & Rubber commenced an offer to exchange any and all of its US$650 million in aggregate principal amount of 7.857 per cent notes due in 2011 (“old notes”) for a new series of 8.75% notes due in 2020 (“new notes”). Concurrent with the exchange offer, Goodyear is soliciting consents from the holders of the old notes to amend the terms of the indenture that governs the old notes. The proposed amendments, if adopted, would delete many of the restrictive covenants and certain events of default in the indenture governing the old notes.
Bridgestone Americas used the snowy mountains of Steamboat Springs, Colorado as the back drop for the official launch of its latest Blizzak winter tyre – the WS70. Invited tyre and enthusiast media and dozens of key dealers attended the week-long launch event, which featured a competitive ride-and-drive at the Bridgestone Winter Driving School there.
This is a short extract. Tyrepress and Tyres & Accessories subscribers can log in below to read the full article.
If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.
Becoming a member has benefits such as:
Goodyear has announced a significant increase in the number of sizes in its Optitrac DT800 range of narrow row crop tyres. The newly introduced OPTITRAC DT800 sizes cover 34 to 54-inch rim dimensions and are specifically developed for tractors working on row crop applications, on spraying equipment and in any other application where narrow tyres are required. The Optitrac DT800 also has a premium tread depth to allow excellent traction and a high number of working hours. In addition the range is rated to carry the same load at 40 & 50 Km/h.
On January 8, the Venezuelan government announced the devaluation of its currency, the bolivar fuerte, and the establishment of a two-tier exchange structure. This has seen the official exchange rate against the US dollar slide from 2.15 bolivar fuerte per dollar to 4.30, except in the case of essential goods, for which the rate is 2.60. This significant currency change has impacted tyre makers active in the South American country; Goodyear Tire & Rubber reports it expects a first-quarter 2010 charge of about $150 million (62 cents a share) in connection with the devaluation.
Titan Tire Corporation, a subsidiary of Titan International, has announced price increases for its Titan branded OTR, agricultural and construction tyres, and Titan manufactured Goodyear branded agricultural tyres. These price rises will take effect March 1, 2010, and will in most cases incorporate an increase of up to six per cent. Titan comments, however, that “certain tyre prices may rise in excess of six per cent due to realignment and positioning of the product.”
The estate of Adam “DJ AM” Goldstein has settled a lawsuit with Goodyear Tire & Rubber and several other defendants over a 2008 plane crash that killed four and left the disc jockey with burns.
Alliance Tire Group has appointed Manuel Pintado as president of Alliance Tire Europe BV. Pintado, who joins Alliance after previously heading industrial, farm and OTR tyre initiatives for Goodyear’s Europe Middle East and Africa region. Prior to this, Pintado held management positions in the Earthmover tyre segment across Europe and Latin America.
"With the commissioning of our India facility and the acquisition of the Galaxy and Primex brands during 2009, the Alliance Tire Group is well positioned to emerge as a leader in the Global Off-Highway tyre industry; Manuel's appointment is another important step in this direction and we are sure the Group will benefit immensely from his leadership in Europe, which has been historically the most important market for the Group " said Yogesh Mahansaria, CEO of the Alliance Tire Group, welcoming him to the company.
In the US, RMA members reported that replacement tyre demand grew 9.3 per cent year-on-year in December 2009, from a drop of -16.0 per cent the year before. Financial analysts pointed out that the overall market volume grew 6.1 per cent, implying that domestic tyre manufacturers (namely Cooper Tire and Goodyear) continued to experience market share gains. The is believed to be a result of last year’s Chinese-made tyre tariffs as Chinese produced tyres reportedly occupied 16.6 per cent of the US market in 2008.
Goodyear’s TyreFort in Birmingham was today visited by a rather special guest; the British Steam Car. The unusual and record-breaking car braved the snow to be demonstrated to the 250 employees based at TyreFort; an especially appropriate setting given that the car runs on Goodyear rubber.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.
