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.
Nathan Brooks has become the latest to sign on as a Goodyear blimp pilot following his “check flight" at the company's Airship Operations facility in Carson, California. The 29-year old joins pilot-in-charge Jon Conrad, assistant pilot-in-charge Matthew St. John and senior pilot Kristen Davis as pilots for the California-based "Spirit of America" airship.
Transense has entered into a supply agreement with Goodyear Dunlop Tyres UK for its tyre tread depth and pressure field inspection kit. According to the company, this represents “a significant order for Translogik”, the company's sales subsdiary. Goodyear will now deploy these kits as part of its new fleet management system. The system will provide its customer fleets with real-time mobile data capture and transmission capabilities. The announcement follows the success of the recent pilot programme, a full UK launch is scheduled to commence later this year, followed by a Europe wide deployment throughout 2010.
Titan International has signed a non-binding letter of intent with Goodyear Tire & Rubber to purchase certain farm tyre assets, including the Goodyear Dunlop Tires France (GDTF) Amiens North factory. The agreement is subject to the French Goodyear operation’s “satisfactory completion” of a social plan related to consumer tyre activity at the Amiens North facility, along with completion of due diligence, a definitive acquisition agreement and other standard acquisition approval requirements.
In the US, Goodyear has rescheduled an investor conference call to discuss its new, four-year master labour contract with the United Steelworkers union. The conference call, originally set for 28 September as was reported previously on Tyrepress.com, has been moved to 14:00 (GMT-5) on Tuesday, 29 September due to a scheduling conflict. Investors, members of the media and other interested persons may access the conference call on the company’s investor relations website: www.goodyear.com/investor or via telephone by calling (706) 634-5954 before 13:55 that day.
The TIF’s first Seminar, including representatives from every section of the UK tyre industry, is taking place today, as Tyrepress.com posts this very story. Present on the panel, which will be taking questions from the floor, for the event will be:
In remarks before the 28th Conference on Tire Science and Technology, Goodyear chairman and CEO Robert J. Keegan told attendees that a commitment to rapid innovation, aimed at addressing specific consumer needs, provides a significant “competitive advantage.” Furthermore, in today’s fast paced and economically challenging environment, such a commitment is “critical to a company’s very survival.”
(Tire Review) Following the ratification of Goodyear Tire & Rubber Co’s new, four-year master labour contract was ratified by members of the United Steelworkers union on 19 September, Rich Kramer, COO and president of Goodyear’s North American tyre unit suggested that, “This agreement reflects the commitment of Goodyear and the USW to continue to work together to achieve our common goal of world-class competitiveness.”
Goodyear Tire & Rubber has announced that its Luxembourg based subsidiary Goodyear S.A. will commence a cash tender offer to acquire any outstanding shares in Polish tyre company TC Debica for 59.52 PLN per share.
The United Steelworkers (USW) announced on September 19 that a new four-year agreement covering some 10,300 USW members at seven Goodyear Tire and Rubber Company plants has been ratified by secret ballot referendum vote, and comes into effect on September 21.
Bandvulc Group, the Devon-based retreading and fleet servicing operation, is aiming to significantly increase Fulda brand truck tyre sales in the UK. Speaking at the company’s Fulda-brand launch event at Bruntingthorpe Proving Ground yesterday (17 September), Bandvulc managing director Patrick O’Connell explained that the company has already equalled the Goodyear Dunlop group brand’s 2008 UK sales volume. Starting as they mean to go on, the company reported that it has already transferred the Tesco fleet's doubledeck OE onto Fulda new tyres.
Fresh reports say that Bridgestone Americas and the United Steelworkers have reached a tentative agreement on a new four-year master contract. The deal was struck, said reports, early Wednesday in Louisville, Kentucky. Neither side made any comment regarding the proposed contract. At four years, the Bridgestone Americas master union deal would match Goodyear’s tentative – but still not ratified – union deal in length. Michelin North America’s new contract with the USW covers three years, as most tyre-maker-union contracts have in the past.
CARE Research has published a new paper detailing the Indian tyre industry. Divided into three sections, covering the five-year period between 2003 and 2008, the basics of the industry and a detailed analysis of the top five players in the industry (Apollo Tyres Ltd, Ceat Ltd, MRF Ltd, Goodyear India Ltd and JK Tyres & Industries Ltd), the report aims to give readers a full understanding of all things tyres in India. Domestic and export markets will be covered. It will be available at http://www.aarkstore.com/reports/Indian-Tyre-Industry-17039.html.
Though silent while the government mulled over the USW’s Section 421 complaint about China-made passenger tyres, both Bridgestone Americas and Goodyear issued statements regarding the Obama Administration’s decision to levy a three-year tariff on the imported tyres.
The police are always the first port of call for those in need of help securing personal safety, but they can only come to the aid of the needy if they themselves have taken the proper precautions. One of the prerequisites for road safety is a tyre up to the job of keeping the car where it should be – even when higher demands than your average drive are made of it. That is why Goodyear, in the run up to October’s tyre safety month, is talking about the fitment of its new tyre, the EfficientGrip to Bedfordshire police, Hertfordshire police and Thames Valley’s police fleet vehicles.
The Obama administration’s announcement that it is to impose tariffs of up to 35 per cent on Chinese-manufactured imports had a large impact on daily trading in the USA and Seoul, as Goodyear and Cooper shares bumped, and Hankook stock floundered.
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