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.
Half a year after acquiring Cooper Tire & Rubber, Goodyear reports reaching a “historic integration milestone.” It has begun producing Mickey Thompson ET Front tyres at its Innovation Center Manufacturing (ICM) facility in Akron, Ohio. These are the first Cooper tyres manufactured at a Goodyear facility in the USA.
The latest iteration of the Goodyear Eagle F1 ultra-high-performance tyre range will arrive early next year. Goodyear will initially launch the Eagle F1 Asymmetric 6 in 28 sizes during the first quarter of 2022, including a number of popular 17- and 18-inch fitments, and then release additional dimensions throughout the year. By 2023, Eagle F1 Asymmetric 6 will be available in no fewer than 65 sizes for 17- to 22-inch rim diameters.
Goodyear Tire & Rubber Company has won a FEDIL Environment Prize. The Luxembourgish multisectoral business federation awarded Goodyear in the ‘Process’ category for its traction resin, which the tyre maker developed at its Innovation Center in Colmar-Berg and uses in the manufacture of ultra-high-performance tyres.
Goodyear Tire & Rubber may soon be utilising carbon black produced from methane and/or biomethane in its tyres thanks to a new partnership with US-based clean materials firm Monolith. The two companies have signed a collaboration agreement and letter of intent covering the development and potential use of such products, which are made through a plasma-based methane pyrolysis process.
US motorsport entity the National Association of Stock Car Auto Racing (NASCAR) has bestowed Goodyear’s Stu Grant its 2021 Buddy Shuman Award. The general manager for global race tyres at The Goodyear Tire & Rubber Company gained this accolade at the organisation’s annual awards celebration on Saturday.
Goodyear Tire & Rubber Co’s Malaysian tyre factory has been under scrutiny for at least two years following questions relating to working conditions. At the end of November, US Department of Homeland Security officials interviewed local staff as part of investigations that “could lead to US prosecutions”, according to Reuters, which added Goodyear faces “related lawsuits and two ongoing investigations by regulators in Malaysia and the United States, each looking into potential exploitation of foreign workers.”
In response to the investigation and related reporting, Goodyear issued the following statement: “Goodyear takes seriously any allegations of improper behaviour and is committed to ensuring that our business practices and those of our associates, our supply chain, and our vendors adhere to both our policies and all applicable legal requirements.”
This year, Goodyear asked fleet operators in Europe for their views on issues related to sustainability and what they’re doing to reduce carbon footprint. A total of 985 fleets from 36 European countries responded during August and September 2021, and the results of this 2021 Goodyear Sustainable Reality Survey are now out and available from Goodyear upon request. Responses suggest that sustainability has a significant prominence for operators in the transportation industry.
The city bus market is undergoing an unprecedented transformation. Electrification, autonomy and accessibility, including on-demand services, are revolutionising urban mobility. Goodyear has launched a new tyre to provide a solution for operators seeking to maximise the efficiency of their current fleet and prepare for the future; the UrbanMax MCA HL + is an all-position tyre with high-load structure, enabling the 8-tonne axle load capacity required by modern electric or hybrid buses.
The completion of Goodyear’s takeover of Cooper on 7 June this year brought with it the first indications of the scale of Cooper’s sales in the Europe Middle East and Africa (EMEA) market. Before that point, Cooper only reported sales figures for their “International Tire Operations”, which includes sales generated worldwide outside EMEA.
Major ports are busy places, and in order to improve preventative tyre maintenance and reduce downtime for the automated guided vehicles (AGV) used in the unloading of containers, Goodyear has extended DrivePoint to this segment. It calls this dedicated tyre monitoring system for autonomous port applications DrivePoint Heavy Duty.
When we first reported Goodyear’s provision of original equipment tyres to Cupra, the arrangement involved a single size of Eagle F1 SuperSport for the Formentor VZ5. The tyre maker’s OE supply arrangement with Cupra has since expanded with the selection of a range of Goodyear summer tyres as original equipment fitments for the Cupra Born, the brand’s first fully electric road car.
Goodyear dropped the Dunlop name from its UK operation back in 2019 when it adopted the Goodyear Tyres UK Limited moniker, and the tyre maker had made and continues to make similar changes within its various European operations. Next month it is Germany’s turn.
The Goodyear Tire & Rubber Company has published figures that show its third-quarter 2021 sales were $4.9 billion, up 42 per cent compared with a year ago. Of course, much of this increase was driven by the company’s acquisition of Cooper Tire, but growth still came in at 16 per cent with the benefits of the Cooper merger excluded. At the same time, Goodyear executives also reported that the company now expects circa 50 per cent greater Cooper merger-related synergies than before. Specifically, this means a benefit of $250 million in run-rate synergies by mid-2023 up from an initial forecast of $165 million. And what’s more, the company expects to realize approximately $20 million of these savings in 2021. No estimates for 2022 synergies are being released until at least the end of 2021 and more likely February 2022 when full-year 2021 data has been processed.
Following the news that Goodyear has retained the UK police fleet tyre contract, Tyres & Accessories contacted Crown Commercial Services in order to confirm which other tyre firms have succeeded in winning their part of the two government tyre supply contracts which together are worth an estimated £200 million.
Mickey Thompson’s Baja Legend EXP off-road have claimed 2021 Specialty Equipment Market Association (SEMA) Show Best New Product Awards in the Tire and Related Product category. Mickey Thompson’s ET Street Front drag tyre and Cooper Tire’s Discoverer Snow Claw were also named runners-up.
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