Goodyear Venezuela employees get tyre severance package
Numerous news sources are reporting that, following the closure of Goodyear’s Venezuela factory, ex-employees are being given 10 tyres each as part of their severance payment.
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 shutters Venezuela factory
Goodyear Tire and Rubber has ceased tyre production Venezuela. In a statement the company said the local economy and US sanctions were behind halting production:
Goodyear to launch 3-tier UUHP Eagle F1 SuperSport tyre range for road and track
Goodyear will launch a new range of three ultra-ultra-high performance (UUHP) tyres in 2019. The manufacturer’s flagship SuperSport range will be available in three variants – Eagle F1 SuperSport, SuperSport R and SuperSport RS – all of which are designed for use on performance vehicles in 18-21” rim sizes.
Goodyear share price picks up, hedge funds back Goodyear
Goodyear’s share price picked up by up to 1 per cent during early trading on 12 December 2018, having risen 0.56 per cent by the close of the previous session (up from $21.59 to $21.71). Considering that the value of these shares fell -8.70 per cent during the preceding seven-day period, and experienced a loss of -1.76 per cent over the past 30-day period suggests this is a significant uptick. In addition, when you compare this with the 1.5 per cent one-day drop all tyre majors experienced in October when Michelin warned that demand was softening, it appears that the share price is bouncing back.
Goodyear launching Eagle F1 Asymmetric 5
Following the success of the Eagle F1 Asymmetric 3 range, Goodyear has announced that its latest Ultra High Performance (UHP) road tyre, the Eagle F1 Asymmetric 5, will hit the market during the course of 2019. According to Goodyear, the new tyre will be available in 61 stock keeping units (SKUs) arriving between February and December 2019 with fitments from Volkswagen Golf to Porsche 911.
Ex-Triangle and Goodyear Tire executive Cohade joins Johnson Controls
Johnson Controls International plc has appointed Pierre E. Cohade as a director. Cohade served as chief executive officer of Triangle Tyre from 2015 to May 2016. Before this, Cohade was president of Asia Pacific Tire, Goodyear Tire and Rubber Company.
Omnitrac: Goodyear introduces new mixed service tyre range
Goodyear is putting its money where its mouth is with its latest mixed service tyre range – it is so confident of the robustness of its Omnitrac drive and steer tyres that it is offering both with an accidental damage and retreading guarantee. The tyre maker additionally claims the Omnitrac provides longer service life than Goodyear’s previous Goodyear MS II mixed service tyre range.
Goodyear, HiQ support Tyre Safety Month at Birmingham Business Park
Goodyear supported October’s Tyre Safety Month by checking the tyre treads of more than 850 vehicles on Birmingham Business Park, supported by local tyre and autocare centre, HiQ Easy Autos. A team of eight trained Goodyear and HiQ Easy Autos employees took to the car parks of several businesses on the park including Rolls Royce, Arval, Adecco and SSP to measure the tread depths on vehicles, leaving an advice leaflet on every car checked.
Breedon Cement first to install Goodyear OTR Proactive Solutions
Breedon Cement has become the first UK Off-The-Road (OTR) or earthmover fleet to install Goodyear Proactive Solutions. According to the company, the TPMS Heavy Duty system allows data to feedback from sensors fitted inside the tyres, assisting customers to maintain and prolong the life of their tyres, through real-time monitoring.
Goodyear: Q3 2018 results
Goodyear Tire & Rubber has reported Q3 2018 sales of US$3.9 billion, slightly up on a year earlier; improved volume, price/mix and higher sales in other tyre-related businesses were “substantially offset” by unfavourable foreign currency translation.
Goodyear’s McClellan to chair USTMA board
Stephen R. McClellan is the new chairman of the U.S. Tire Manufacturers Association’s (USTMA) Board of Directors. The president of The Goodyear Tire & Rubber Company’s Americas business unit began in this role on 3 October and will serve a two-year term. McClellan succeeds Jim Hawk, chairman, Toyo Holdings of America, Inc., who served as chairman of the USTMA Board since 2016.
Goodyear tyres OE on DS7 Crossback
DS Automobiles has entered into an original equipment tyre supply arrangement with Goodyear. The tyre maker will ship its Goodyear Eagle F1 Asymmetric 3 SUV in size 235/45R20 100V XL to the Groupe PSA brand for fitment on the DS7 Crossback.
Goodyear introduces “Roll by Goodyear” integrated tyre retail programme
The Goodyear Tire & Rubber Company has introduced a new tyre retail process that integrates online purchases with real-life fitment. “Roll by Goodyear”, as the new approach has been named, will start out in the Washington, DC, metro area where Roll by Goodyear showrooms and the multiple installation options will be available. The goal is to offer consumers the chance to purchase interchangeably between online and in-store, according to the company.
Dębica introduces Frigo SUV2
A new SUV winter range is available from Dębica. Called the Frigo SUV2, the newcomer is described as a “wallet-friendly tyre that is suitable for all winter conditions.” It joins the Frigo 2 and Frigo HP2 in the Dębica winter portfolio and will be available in six sizes. The first three come to market this month and a further two are scheduled to launch before the end of the year.
Goodyear raises common stock dividend
The Goodyear Tire & Rubber Company approved an increase in the company’s quarterly common stock dividend to 16 cents per share from 14 cents per share in an announcement on 10 October.
