Goodyear Archives - Page 179 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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Plenty of News But Just One Subject

This year’s tyre exhibition saw Bandag release quite a lot of news coming from the new product department. But what was most interesting for the international press as well as for customers, was Bandag’s future in the European fleet business after its biggest customer (GE/TIP) left. Although marketing director Danny van Essche confirmed that Bandag is going to remain active in the European fleet business, the company is said to have learned a lesson by GE/TIP’s retreat. This lesson will be used to adapt Bandag’s business strategy in a positive way: “We will not aggressively pursue international fleet business anymore.”

26th June 2006/by Tyrepress Editors

Analyst Reduces Earnings Estimates for Goodyear

Standard & Poor’s Equity Research analyst Efraim Levy has reduced his earnings estimates for Goodyear Tire & Rubber, saying that raw material costs will have a greater impact on the company than was originally thought. He cut the second-quarter and full-year 2006 earnings estimates on Goodyear to 36 cents and $1.29 per share, respectively, from 43 cents and $1.51. Levy said he expects the company to be cash-flow negative in 2006 and he lowered the target price on Goodyear shares to $14 from $17.

23rd June 2006/by Tyrepress Editors

New Goodyear Blimp Named

Its official, Goodyear’s newest blimp will be called “Spirit of Innovation.” And Goodyear chairman and CEO Bob Keegan reportedly said he could not have been more pleased with the name that Matthew Harrelson (a teacher from Ohio) suggested. “Innovation has been a critical part of our evolution as a company, from innovation of our new product offerings to innovation in everything we do,” Keegan told an audience of several thousand people at the company’s airship base southeast of Akron. “The fact that the American public agreed with their votes is further proof that innovation is becoming synonymous with Goodyear.”

22nd June 2006/by Tyrepress Editors

Goodyear Exiting ‘Certain Segments’ of Private Label Business

(Akron/Tire Review) Goodyear Tire & Rubber Co. announced that it is withdrawing from certain segments of the private label tyre business in North America. Approximately 10 private label brands currently manufactured by Goodyear and sold by wholesale customers to tyre retailers will be affected by the decision. In 2005, this segment represented approximately $300 million in sales and about 8 million units manufactured in five North American plants, or approximately one-third of the company’s overall private label business.

22nd June 2006/by Tyrepress Editors

IT Award for Goodyear

The Goodyear Tire & Rubber Company’s virtual design technology, which has facilitated the success of several award-winning new tyres, has earned a 2006 CIO 100 award. The annual award program sponsored by CIO magazine recognises organisations around the world that exemplify the highest level of operational and strategic excellence in information technology.

20th June 2006/by Tyrepress Editors

Goodyear OE on New Mustang

With the 2007 Ford Shelby Mustang GT500, Goodyear is once again at the forefront, as the vehicle is equipped with Goodyear Eagle F1 Supercar tyres — in size P255/45R18 in the front and P285/40R18 in the rear.

20th June 2006/by Tyrepress Editors

Goodyear is $3 billion Underfunded

Due to a gaping hole in its pension fund, Goodyear is anticipating the prospect of paying at least a minimum of US$550 million into the fund this year. According to DB Global equities the company could face additional funding requirements in 2007 and 2008, and is currently underfunded by as much as $3 billion.

20th June 2006/by Tyrepress Editors

Goodyear Lands Spots on Audi SUV

(Akron/Tire Review) Goodyear Eagle LS-2 radials will be on the 2007 Audi Q7, the carmaker’s new SUV. The V6 Audi Q7 model comes equipped with Goodyear Eagle LS-2s in size 235/60R18 size, and the V6 Premium and V8 base and premium models ride on size 265/50R19. The Audi Q7 summer tyre option will be the Goodyear Eagle F1 GS-D3 in 275/45R20.

16th June 2006/by Tyrepress Editors

Goodyear Faces Federal Discrimination Suit, Says Report

(Akron/Tire Review) The Associated Press has reported that the US Labor Department has filed a hiring discrimination suit against Goodyear Tire & Rubber Co. The suit alleges the tyremaker discriminated against female applicants for jobs at its Danville, Virginia, tyre plant in the 1990s.

16th June 2006/by Tyrepress Editors

Tyre Contract Talks Open, USW Already Unhappy

(Akron/Tire Review) Formal negotiations between the United Steeelworkers (USW) and Goodyear Tire & Rubber Co. for a new master contract have opened, and already it appears negotiations will be difficult. Both sides exchanged their basic contract proposals this past weekend in Cincinnati, with the USW finding the tyremaker’s proposal “unacceptable.” Talks are scheduled to open 13 June.

14th June 2006/by Tyrepress Editors

Next Tread Utility Promises to “Kerb” Costs

The latest ‘Next Tread Utility’ tyre will be displayed at the Chartered Institute of Waste Management Show on 13 15 June, demonstrating the Next Tread commitment to developing bespoke tyres to suit specific industry applications. ‘Next Tread’ is the retread brand of Goodyear Dunlop Tyres, and the tyre giant claims that kerbing damage is a major reason for premature tyre wear and unscheduled replacement for municipal vehicle operators.

14th June 2006/by Tyrepress Editors

Goodyear Steer Tyres Clock Up 266,000 Miles

A truck driver from well-known UK haulier Stan Robinson Ltd has been named Britain’s top driver by Goodyear after managing to achieve a remarkable 425,000 kilometres (266,000 miles) on the same set of Goodyear steer tyres.

Nigel Brown took delivery of his new Scania in April 2003, fitted with Goodyear Marathon LHS 385/65R22.5 steer tyres. Three years later, he had clocked up a mileage equivalent to driving ten times around the Equator and the set of Goodyear steer tyres had yet to be changed.

13th June 2006/by Tyrepress Editors

Goodyear First Supplier of RunOnFlat Tyres for Ford’s New MPVs

Goodyear reports that it is proud to be the sole supplier of RunOnFlat tyres to Ford in the ramp-up to the launch of the manufacturer’s latest MPVs: the Galaxy and the S-MAX. In the design of its new cars, Ford has paid great attention to detail. The S-MAX matches sports style and driving pleasure with flexible and spacious accommodation. The larger, more luxurious Galaxy is slightly bigger than the model it replaces.

9th June 2006/by Tyrepress Editors

Find Your Way to Winning a Satellite Navigation System

Think you’re up to scratch with your tyre history? Here’s your chance to prove it. Tyres & Accessories wanted to share its cheery anniversary mood with our loyal readers and so has teamed up with Blaupunkt to give away two of the satellite navigation manufacturer’s latest Travel Pilot Lucca portable satnav units. So if you want to get your hands on one of these two gizmos, then answer the six simple questions (one question for each decade Tyres & Acccessories has been in print) in the subscribers area. For more details on the Travelpilot Lucca search “Lucca” in the quickfinder at www.tyrepress.com.

Competition entries must be received before the closing date of 31 July.

7th June 2006/by Tyrepress Editors

Analysts Lower Estimates on Goodyear and Cooper

Deutsche Bank analysts lowered their estimates on Goodyear and Cooper following what the was reportedly an “abysmal April” for the US tyre business. “Anecdotal reports from our tyre industry contacts suggest that US replacement tyre demand was down again in May following an abysmal April (-9.6 per cent). Weak demand comes at a bad time for tyre producers, many of which were already brimming with finished goods inventory at the end of the first quarter and experiencing huge spikes in raw material costs,” the analysts reported.

7th June 2006/by Tyrepress Editors