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 19 September 2022, Goodyear Tire & Rubber Co was found guilty of misappropriating five of 12 alleged trade secrets relating to self-inflating tyres in a case brought by Czech company Coda Development SRO. As a result of the jury’s verdict, Coda was awarded a total of $64 million.
Goodyear tyres have been selected as an original fitment on the upcoming Maserati Grecale. Initially announced in March, the car is the next generation in Maserati’s SUV range. The tyre maker shares that a “sporty profile and performance” were instrumental in Maserati’s selection of the Goodyear Eagle F1 Asymmetric 3 SUV as a factory fitment, noting that it designed and engineered the tyre to deliver performance that extracts “the most out of a car’s power and mechanical grip.”
Goodyear Total Mobility will be the central pillar of the tyre manufacturer’s IAA Transportation display at the 20-25 September Hannover show (Hall H21, Stand A70). The company wants to highlight the constituent products that allow Total Mobility customers to increase sustainability and efficiency. It will also reveal its concept for a new element to complement Goodyear Total Mobility during the event.
Goodyear has announced its TruckForce Service Awards winners for the second quarter of 2022. The award recognises outstanding service among TruckForce partners with operations in Europe.
Bridgestone’s newest ultra-high performance tyre, the Potenza Sport offered the best results in wet and dry performance in the latest Auto Express tyre test. The tyre was able to make the most of its home field advantage as the magazine used Bridgestone’s Aprilla proving ground, just besting Goodyear’s Eagle F1 Asymmetric 6 by 0.5 per cent. Another notable result was the third-place finish of the Maxxis Victra Sport 5, which adds to a growing list of test successes proving that the brand is increasingly able to hold its own against the traditional premium brands. The test was conducted on the biggest selling 18” tyre size, 225/40R18 92Y. This UHP tyre test of seven products was split from the “UUHP mini test” of three of the highest-performing road tyre products, won by the new Continental SportContact 7. For the UHP test, Auto Express weighted its results to reflect UK driving needs: wet tests counted for 50 per cent of the final mark, dry 40 per cent, and the remaining 10 per cent on noise, fuel economy and price.
During the second quarter of 2022, The Goodyear Tire & Rubber Company approved a plan related to the integration of Cooper Tire. This plan aims to streamline the company’s global administrative structure by reducing duplicated positions, and it will also result in the closure of “redundant” Cooper Tire warehouse locations in the Americas. According to Goodyear, the plan will result in “approximately 490 job reductions.”
Larger than ever following its acquisition of Cooper Tire in 2021, Goodyear Tire & Rubber reported year-on-year net sales growth of 31 per cent in Q2 2022. Sales amounted to US$5.2 billion in the three months to 30 June 2022, and Goodyear states that even excluding the Cooper transaction, this figure reflects year-on-year growth of over 15 per cent. Other factors driving this increase included improvements in price/mix, higher volume, and increased sales from other tyre-related businesses.
Renault has selected a range of Goodyear tyres as original equipment fitments on the new Mégane E-Tech Electric. Goodyear EfficientGrip Performance 2 is the summer fitment in size 195/60R18, while Renault has opted to equip the larger 215/45R20 specification with EfficientGrip Performance tyres. Goodyear Vector 4Seasons Gen-3 is also available as an all-season option in both dimensions.
Goodyear is expanding its wholesale presence in southwest Germany with the acquisition of local player Reifen Burkhardt GmbH & Co. KG. The purchase of this family-owned tyre wholesaler brings into the Goodyear fold an operation with space to store 250,000 tyres and wheels in a 40,000 square metre warehouse facility. The transaction is subject to regulatory approvals and is expected to close in the third quarter of this year.
This week marks the 53rd anniversary of Apollo 11 landing on the surface of the Moon, a date of particular significance for The Goodyear Tire & Rubber Company. Goodyear supplied a number of essential components for this history-making mission and later developed non-pneumatic tyres for the Apollo Lunar Roving Vehicle. The tyre maker is once again looking spacewards and is developing tyres for a lunar vehicle that in future may extend commercialism to the Earth’s rocky satellite.
Goodyear has supplied Kmax Gen-2 steer and drive axle tyres for a vehicle billed as the world’s first fully-electric 40-tonne tractor unit boasting 900-kilowatt hours (kWh) of battery capacity. The Futuricum-made truck has been in daily use with Swiss logistics firm Galliker Transport AG since October 2021.
When Volkswagen Commercial Vehicles began manufacturing the ID. Buzz at its Hannover plant in Germany last month, it described the production start as a “milestone in the brand’s electrification.” VW intends to build up to 130,000 units a year, and Continental has already ‘outed’ itself as original equipment tyre supplier. But despite the German manufacturer’s long history of equipping VW campervans, the EcoContact 6 Q is presumably not the only tyre being supplied to VW production lines for the ID. Buzz.
On 1 July 2022, Goodyear announced that Justin Foley succeeded Jonathan Zhang as president of China, reporting to Nathaniel Madarang, president of Goodyear Asia Pacific.
The Goodyear Tire & Rubber Company has published its report on corporate responsibility performance for 2021. It comments that the report, which summarises the progress made toward achieving the company’s short- and long-term sustainability goals, further demonstrates its commitment to ethical and sustainable processes, materials and programmes.
Wheel loaders, articulated dump trucks and graders are typically used on major infrastructure projects that have tough cost and timescale targets. After researching operator requirements, Goodyear has introduced a new tyre for these vehicles, GP-3E. It says the increased the operational versatility of its latest tyre generation makes “tyre choice easy for the operator.”
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