Goodyear ‘honoured’ by GM supplier award
The Goodyear Tire & Rubber Company has commented on its selection as a GM Supplier of the Year by General Motors during its 26th annual Supplier of the Year awards ceremony on 20 April.
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.
The Goodyear Tire & Rubber Company has commented on its selection as a GM Supplier of the Year by General Motors during its 26th annual Supplier of the Year awards ceremony on 20 April.
Responding to the digital transformation in the Off-the-Road (OTR) vehicle and equipment industry, on 23 April Goodyear introduced two new digital innovations to help OTR fleets reduce their total cost of ownership at the Intermat show in Paris.
In spite of alternatives such as guayule and Russian dandelion, the Hevea brasiliensis tree will remain an important source of rubber for tyre manufacturers. The Goodyear Tire & Rubber Company recognises this and has announced a new natural rubber procurement policy. The tyre maker says this new policy “reflects its strong commitment to the responsible sourcing of raw materials” and believes its implementation and adherence will help address deforestation, land grabbing, and human rights in the areas of the world where natural rubber is produced.
Confusion over what to look and feel for when checking tyres is not unfamiliar. But Goodyear’s new campaign has recruited an unlikely ally to boost tyre safety knowledge amongst drivers.
It was a victory for Goodyear in the all-season SUV tyre test published by Auto Bild Allrad this month. The publication voted the Vector 4Seasons SUV Gen-2 the winner of its six-tyre comparative evaluation, honouring the Goodyear rubber with the only ‘exemplary’ rating of the test.
The wholesale tyre distribution networks owned by Goodyear and Bridgestone in the USA are combining to form an operation the two protagonists claim will be “one of the largest tyre distribution joint ventures in the United States.” This 50-50 joint venture, announced yesterday, echoes the arrangement that Michelin and Sumitomo Corporation entered into at the start of the year.
Nicholas Mitchell has joined the Goodyear Tire & Rubber Company as senior director of investor relations. He reports to Christina Zamarro, who has taken on expanded responsibilities as vice-president of corporate financial planning and analysis (FP&A) and investor relations.
Pirelli has returned to the bicycle tyre market with its PZero Velo range, and Goodyear is also making a comeback. The tyre maker has been absent for a long time – after more than three quarters of a century in the business, Goodyear stopped producing bicycle tyres in 1976. But now it is back and has already appointed a distributor for the UK and Ireland.
The first sizes in two Goodyear tyre lines for smaller trucks come to market this month. The Kmax S steer axle and Kmax D drive axle tyres are being rolled out in a total of 20 dimensions for 17.5-inch and 19.5-inch rim diameters, and Goodyear says the new products offer strong traction, excellent steering characteristics, high mileage and robustness.
Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of US$0.14 per share of common stock. The dividend is payable 1 June 2018 to shareholders of record on 1 May 2018. The payout represents an annual rate of $0.56 per share.
A court in the US state of Arizona ruled on 3 April that Goodyear Tire & rubber cannot continue to keep court documents relating to an alleged defect in a Goodyear tyre secret. The ruling from the Superior Court of Arizona, Maricopa County, comes in the Haeger v. The Goodyear Tire & Rubber Company personal injury case and follows a motion from non-profit organisation the Center for Auto Safety (CAS) to unseal court records and remove a protective order.
The Goodyear Tire & Rubber Company announced the re-election of 12 members of its Board of Directors to new one-year terms at the company’s annual shareholder meeting yesterday. In addition, shareholders voted in favour of an advisory resolution approving the compensation of its named executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2018.
Goodyear’s latest concept tyre, introduced at the 2018 Geneva International Motor Show in March, once again sees the company look forward in a bid to lead discussions relating to the future of mobility. However, this also has an inevitable impact on the future of the tyre industry – which is where Goodyear’s FACE (Fleet Autonomous Connected Electric) acronym comes in. More on that later. First, the headline grabbing products – the Oxygene and the EfficientGrip Performance with Electric Drive Technology.
Another tyre has joined the Goodyear Eagle F1 Asymmetric range. This new addition is the Eagle F1 Asymmetric 3 SUV, a product Goodyear says was developed with a focus on optimised braking and handling in all conditions. The first size, 255/50 R19 107 Y XL, was released in February, and further dimensions will be added from next month. A total of 28 sizes for 18- to 22-inch rim diameters should be available by January 2019.
Girteka Logistics has chosen Goodyear as its main tyre partner for the 4,000 trucks and 4,300 trailers it operates on its pan-European freight services. Under this partnership, Goodyear tyres will be supplied to cover 80 per cent of the fleet’s requirements. Girteka operates two and three axle tractor units and mainly refrigerated tri-axle trailers, along with a growing number of tilt trailers.
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