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.
For the first time in nearly a decade, the Goodyear Blimp will take flight over Europe. The Goodyear Blimp operating in Europe will be a Goodyear-branded, Zeppelin NT airship, operated by Deutsche Zeppelin-Reederei GmbH of Friedrichshafen, Germany. This marks the latest chapter in a nearly 100-year relationship between Goodyear and Zeppelin.
The Goodyear Tire & Rubber Company refinancing itself with $600 million of 5-year senior notes. According to the company, the notes will be senior unsecured obligations of the company. Goodyear intends to use the net proceeds for “general corporate purposes…
Health and safety gone mad! This refrain of outrage, often served together with a pint or three, is a staple UK gripe. But such tabloid-fuelled indignation is based upon a truth that benefits us all: HSE regulations ensure our workplaces are amongst the safest in the world. This aim to minimise potential danger is driving UK demand for a solution from Goodyear that offers the additional advantage of substantial cost savings.
Triangle Tyre expresses pride in its comeback as a top-ten consumer tyre brand in the China Brand Power Index (C-BPI) 2020. The brand occupies ninth place, ahead of domestic rivals such as Warrior, Chaoyang, Giti and Linglong.
Goodyear has entered three-year tyre partnership with Maxi Haulage Ltd. As part of this deal, Maxi Haulage will be supplied with premium tyres from the KMAX GEN-2 range, and be supported by TruckForce, under the Goodyear Total Mobility offering.
Goodyear has landed a major fleet deal in North America, having been named Ryder System Inc.’s preferred supplier of new and retreaded tyres as well as tyre management solutions across the United States and Canada. This partnership will officially commence on 1 January 2021.
In March, the rapid spread of COVID-19 began to drastically impact almost all industries across Europe. Some had to accelerate production to address a sudden spike in demand while others cut back production in response to declining demand and as a means of limiting the further spread of the virus.
Although a number of UK-based agricultural shows have been postponed during the COVID-19 outbreak, Goodyear Farm Tires has found an innovative solution to keep the wheels turning on one traditional show highlight for the farming community. The brand, which returned to the UK and European markets in 2019, has staged its own virtual vintage tractor show during lockdown.
Having hinted at its impending introduction in February, Goodyear has launched the Vector 4Seasons Gen-3. The most recent instalment in its award-winning range of all-season tyres, Goodyear’s latest generation tyre is designed to provide “improved snow, wet and dry performance”.
Christina Zamarro has been appointed Goodyear Tire & Rubber Company’s vice president of Finance and treasurer. She succeeds Peter R. Rapin, who steps down from the role tomorrow ahead of his retirement on 1 October 2020. In her new role, Zamarro reports to Darren R. Wells, the tyre maker’s executive vice president and chief financial officer.
Things are changing so quickly at the moment that most analyses end up little more than speculation two weeks later. That’s why Tyrepress contains both the latest news and seeks to set such developments into their medium- and long-term contexts. Take our Tyre Retail coverage for example (see “2020 UK tyre retail ranking” and “Which garages are open during lockdown“) where we list both the current proportions of open tyre retailers and analyse the overall UK tyre retail landscape in its seven-year context.
The phased approach that Goodyear is taking to restart its tyre production in the EMEA region continues. The company has already announced that truck tyre production is up and running again at some sites in Europe, with tyre making partially recommencing in plants in Colmar-Berg (Luxembourg), Wittlich (Germany), Kranj (Slovenia), Debica (Poland) and Izmit (Turkey) over the last two weeks. The next plants to return to production are Goodyear’s Hanau, Fulda, Fürstenwalde and Riesa plants in Germany and in Amiens, France – all five will begin working this week.
In order to honour those who are continuing to keep the country moving during lockdown, Goodyear has launched its ‘Highway Heroes’ scheme in the UK. From the delivery drivers keeping supermarkets stocked to the haulage companies transporting vital supplies, the purpose of the initiative is to shine a light on those who are continuing to go the extra mile within the logistics industry.
The Goodyear Tire & Rubber Company intends to permanently end production at its Gadsden factory in Alabama, USA. The company says this closure comes as part of its strategy to “strengthen the competitiveness of its manufacturing footprint by curtailing production of tyres for declining, less profitable segments of the tyre market.”
Preliminary results for the first quarter of The Goodyear Tire Rubber Company’s 2020 financial year were published today, with the company confirming its fiscal performance during the three months to 31 March was “greatly affected by the economic disruption associated with the COVID-19 pandemic.” Tyre unit volumes declined 18 per cent year-on-year to approximately 31 million units and sales dropped 16.7 per cent to around US$3.0 billion.
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