Goodyear Dunlop Pursues Planning Permission for Wolverhampton Plant
Goodyear Dunlop Tyres UK will pursue a formal planning application with Wolverhampton City Council for the development of the 90 acre Stafford Road site.
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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Goodyear Offers Convertible Notes
Product NewsIn an attempt to liquidate some cash Goodyear Tire & Rubber Co. has said that it will “commence an offering of approximately $150 million aggregate principal amount of convertible notes, subject to market and other customary conditions.” The company intends to use the proceeds of the sale for what it calls “general corporate purposes”, which includes “the repayment of one of the company’s revolving credit facilities.”
Goodyear Offers Convertible Notes [Update]
Product NewsOnly hours after announcing that it would offer a $150 million aggregate principal amount of convertible notes, Goodyear has said that it is doubling the total amount available to $300 million
Goodyear Completes Purchase of Slovenia’s Sava Tires
Product NewsGoodyear Tire & Rubber Company has completed its previously announced acquisition of the remainder of Sava Tires, a tyre manufacturing company in Kranj, Slovenia.
Goodyear Reports Losses
Product NewsGoodyear Tire and Rubber Co., has released its delayed first quarter results, reporting record sales figures but a loss of nearly $77 million US.
Goodyear Face Price Rigging Commission
Product NewsIn what is proving to be a bad year for Goodyear Tire and Rubber Co., the company has announced that it is one of several tyre producers that are under investigation from Japan’s Fair Trade Commission for alleged price rigging.
Goodyear Delay Results
Product NewsGoodyear Tire and Rubber Company, has surprised the financial community by delaying the release of its first quarter results. The results were due for release yesterday but, along with the planned investor conference, they have been rescheduled. The company is confident that it will release its financial details well before the 30 June deadline required by its creditors. In light of last year’s late release, Goodyear will also want to avoid any speculation about the reason for the delay.
Goodyear Win Innovation Award
Product NewsGoodyear’s Two-Piece Assembly was has won a Nortech Innovation Award at the 2004 award. The ceremony, held 8 June was sponsored by the Northeast Ohio Technology Coalition. Nortech’s annual innovation awards recognise companies, non-profit organisations and individuals that have been responsible for creating, developing or implementing new ideas.
Goodyear Finances Under Scrutiny.
Product NewsDespite its dire financial situation Goodyear Tyre and Rubber Co. has paid its chief executive $1.5 million US, in salary and bonuses last year.
Goodyear President Announced as TIA Expo’s Keynote Speaker
Product NewsThe Tyre Industry Association (TIA) has announced that Jon Rich, president of Goodyear’s North American tyre business, will be the keynote speaker at the 2005 TIA World Tyre Expo.
The North American exhibition of the commercial tyre, retreading, repairing and tyre and rubber recycling industries will be held in Kentucky 20 – 22 April 2005.
Lenders Extend 10-Q Filing Requirement
Product NewsThe Goodyear Tire & Rubber Company announced today that the lenders under its principal United States and European credit facilities have amended the terms of the facilities to extend until June 30 its deadline for filing its Form 10-Q for the first quarter of 2004 with the Securities and Exchange Commission. Accordingly, the delay in filing its first quarter financials will not prevent Goodyear from accessing the credit facilities or obtaining letters of credit.
Kevin Kramer Joins Alcoa as President, Alcoa Cast Auto Wheels
Product NewsAlcoa (NYSE:AA) announced that effective immediately Kevin B. Kramer, 44, has joined the company as president of Alcoa Cast Auto Wheels. He is responsible for the development and growth of Alcoa’s cast auto wheel business worldwide. Alcoa currently produces cast aluminium auto wheels at plants in the U.S., Canada, Venezuela and Italy. Alcoa’s cast auto wheels are found on numerous automobiles and light trucks worldwide. Kramer will be located at the Alcoa Automotive, Aerospace and Commercial Transportation office in Cleveland, Ohio.
Goodyear Names Kramer CFO, Tieken to Retire
Product NewsRichard J. Kramer, senior vice president, strategic planning & restructuring for The Goodyear Tire & Rubber Company, has been named executive vice president and chief financial officer effective June 1. Kramer (40) replaces Robert W. Tieken, who will retire on May 31. Tieken (65) has been Goodyear’s CFO since May 1994.
Hankook Tire Supplies Ford with Performance Tyres
Product NewsHankook Tire has concluded a 3-year agreement to supply Ford Motor with 140,000 VR-rated (up to 240km/hr) K105s tyres annually. The tyres will be mounted on the Ford Mondeo, a high-quality family car, and will bear the Hankook Tire logo. The export price, to include replacement tyres, will total 22 million euros over three years.
Goodyear aircraft tyres are recommended
Product NewsIn an ambitious test project, the american consumer magazine “The Aviation Consumer” has undertaken, the magazine bought 11 aircraft tires and subjected them to 200 simulated landings, plus a skid test. “Sometimes the cheapest tire isn’t the best deal. What matters most is tread depth and the more, the better,” the magazine said. In tread depth alone, Goodyear’s “Flight Custom III” was the winner in the June issue.
