Goodyear Archives - Page 219 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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Bridgestone And MRF Tie In Indian JD Power Test

For the second year running, Bridgestone and MRF Tyres have tied in first place in the JD Power Asia Pacific 2003 India Tire Customer Satisfaction Index Study, which examines customer satisfaction with originally-fitted tyres after 12 to 18 months of ownership. 2,700 owners were quizzed on 15 different attributes. The overall average score improved by 28 points over last year, reflecting the efforts made to enhance customer satisfaction. Top score was 768 (maximum = 1,000) and Bridgestone and MRF were closely followed by JK Tyres (766, just above the industry average of 764). Goodyear scored 751 and CEAT was the lowest, with 730.

6th February 2003/by Tyrepress Editors

No Quarterly Dividend From Goodyear

The Board of Goodyear Tire & Rubber has agreed to eliminate the company’s quarterly dividend. President and CEO Robert Keegan described the decision as “an important step in a series of actions the company is taking to improve its financial flexibility.”

5th February 2003/by Tyrepress Editors

Production Record At Fulda

The Goodyear plant at Fulda, Germany, set a production record of exactly 7,141,095 units in 2002. The plant, which employs 1,648 staff, manufactures high, ultra high, offroad, light truck, truck and agricultural tyres carrying the Fulda name, as well as tyres for other brands from the Goodyear group.

4th February 2003/by Tyrepress Editors

Analyst Cautious Over Goodyear

Concerns over liquidity, increases in oil prices and declining market shares are making analysts cautious over Goodyear’s attempts to turn the group around. Analyst Lache, from DB Global Equities New York, is expecting Goodyear to come up with an aggressive restructuring plan in March, involving moving production to lower cost areas with subsequent plant closures and giving up loss-making OE contracts. Investors may regard such plans with a pinch of salt, as Goodyear has spent $640 m so far in unsuccessful restructuring efforts. Lache estimates that Goodyear will have to reduce costs by up to another $850 m in order to be competitive

1st February 2003/by Tyrepress Editors

What Is The Future For Goodyear?

Company News, International News

Four years ago: In an interview at the Geneva Autoshow, Sam Gibara put forward his views. Goodyear had, according to him, the best people, the best distribution, the most cost-effective plants, the best products and – with its innovative EMT tyres – a three-year lead over its competitors. Within three years, he predicted, 75% of Goodyear tyres produced would be EMT tyres (in 2002, the actual figure was one million tyres). The IMPACT production process (Integrated Manufacturing Precision Assembled Cellular Technology) was held up as a revolutionary advance, guaranteeing predominance over the competition and an example of Goodyear’s technical leadership.

31st January 2003/by Klaus

Arnold Joins Goodyear Board

Mere days after sacking 700 workers, Goodyear has elected Susan E. Arnold to its Board of Directors. Arnold is president of Procter & Gamble’s global personal beauty and feminine care business, worth around $8 billion, and is regarded as a high flyer in the business world. Goodyear Chairman Sam Gibara praised Arnold’s “distinguished track record in marketing strategy, product development and leadership.” Her appointment brings the number of board members to 13.

22nd January 2003/by Tyrepress Editors

Changes At Goodyear India

Antonio M. Capellini has been named as the new Chairman and Managing Director of Goodyear India. Capellini previously headed Goodyear commercial OE operations in Brazil. He replaces Luis Ceneviz who is moving to Goodyear in Australia.

17th January 2003/by Tyrepress Editors

Bill Hall To Leave Goodyear GB

Bill Hall, MD of Goodyear Great Britain, is to leave the company later this year to work in a family-run business consultancy. He will spend the next six months working on a number of strategic initiatives to accelerate the integration of Goodyear Dunlop UK. He joined Goodyear 24 years ago and has held a number of senior positions in the UK and Europe, launching the pan-European Truck Force service network. The role of MD, Goodyear will disappear as the company develops a structure based around strategic business units, reporting to Andreas Niegsch, General Manager, UK.

17th January 2003/by Tyrepress Editors

Confirmation Of Job Losses At Goodyear

The Goodyear Tire & Rubber Company has announced restructuring actions in its corporate headquarters and North American Tire operations that will eliminate more than 700 salaried staff positions. The action is being taken to improve the company’s fixed cost structure.

17th January 2003/by Tyrepress Editors

More To Go At Goodyear?

Reports from Akron point to a further 1,000 positions being slashed at Goodyear Tire and Rubber. The news was disseminated to all staff by an internal company memo from new CEO Robert Keegan. Of the 1000 job cuts some 400 are expected top take place across salaried posts at Akron. There is also speculation that there may be shift layoffs and plant closures.

15th January 2003/by Tyrepress Editors

New Trailer Tyre From Goodyear

Goodyear is to use its stand at the Commercial Vehicle Show to launch its new LHT or Long Haul Trailer Tyre. The company says the new tyre range will be a valuable addition to its already wide range of CV tyres.

14th January 2003/by Tyrepress Editors

McConechy takes Over Hi-Q

Scottish fast fit McConechy’s Tyre service has taken a giant leap in corporate development by buying 33 outlets from Goodyear and Dunlop.

10th January 2003/by Tyrepress Editors

Mobile Fitting Saves Costs

AA Tyre Fitting general manager David Goodyear says that using a mobile tyre fitting service can save a 500-vehicle strong fleet up to £20,000 a year. Estimates suggest that the average hourly cost of employment to a company for a fleet driver is £28.50 and that the average fleet car has 1.4 tyres replaced every year. On average, a visit to a fast-fit centre to have a tyre change lasts 90 minutes, it is claimed. For a fleet of 500 vehicles, this would cost employers almost £20,000. “Over a large fleet, that wasted time mounts up and the figures that we have compiled show it to be considerable cost. But it’s a cost that can be saved through mobile fitting. Most tyre replacement can be done by mobile fitters while a driver continues to be productive working in their office, or even relaxing at home during the evening,” he added.

10th January 2003/by Tyrepress Editors

Goodyear PAX System On Show

A concept car fitted with a Goodyear PAX system will be one of the vehicles on show at the North American Auto Show, to be held at Detroit later this month. The tyre, resulting from the joint venture with Michelin to develop the PAX system, is one of more than two dozen concept tyres that Goodyear will be highlighting at car shows during 2003. Concept tyres are more than just a bit of fun – Goodyear’s Aquatred, which had a deep, circumferential aquachannel groove, first appeared as a concept tyre in the 1980s. It was redesigned for the road a decade later by tyre engineer Sam Landers, who now heads Goodyear’s runflat development team, which includes the PAX project.

2nd January 2003/by Tyrepress Editors

Gibara Misses Last Opportunity As CEO

Within less than a week our office has obtained eight links giving access to an electronic letter from Sam Gibara to all Goodyear associates. Gibara restated that as from the 1st January, Bob Keegan has taken over as CEO and that he remains as Chairman of the Group. Gibara looked back at the past year which he described as “marked by wins throughout Goodyear’s world” and he speaks of “foundations established for future success” and of “opportunities seized”, none of which would have been possible without the associates’ support. He adds, “You are making a difference and our company will prevail because of you.”With a degree of bitterness some of these associates said that Gibara had ultimately missed the opportunity to explain why the company is in such deep water. They point to the fact that Gibara has never shown any sign of admitting have made mistakes himself. Instead, it was always the economy, the environment, the exchange rate, the high costs of raw materials and so on. However, he has not convinced the associates, many of whom feel that it is a big mistake to play down big problems. The staff is willing to fight, but needs guidance. If indeed the company has the best brands, great distribution and the best people, why then is the company fighting with its back to the wall whilst its big competitors are making money?

2nd January 2003/by Tyrepress Editors