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.
Goodyear and the London School of Economics and Political Science (LSE) are cooperating on road user behaviour research. The project, managed by LSE Consulting, is designed to contribute to the road safety debate in Europe with unique empirical insights. “Current road safety research is largely focused upon how drivers use their vehicles within a physical, […]
Jaguar Land Rover has chosen the Goodyear Eagle F1 Asymmetric SUV as an original equipment fitment on the Range Rover Sport. This latest homologation builds on a series of original equipment tyre supply deals that include fitments for the Range Rover Evoque and Land Rover Discovery Sport.
Goodyear has reported strong overall results for its second quarter, despite falling sales in the Europe, Middle East and Africa region. The manufacturer reported that the 20 per cent lower sales, $1,265 million compared to $1,580 million in the same quarter in 2014, was primarily a result of “unfavourable foreign currency translation”, though it also saw two per cent lower tyre unit volume. This was a result of lower consumer tyre sales and the manufacturer’s exit from the agricultural tyre business. Both original equipment and replacement tyre shipments were down two per cent. Its EMEA operating income was also eight per cent below the 2014 2Q, though operating margin rose from 7.4 to 8.5 per cent.
Work has officially begun on the passenger car and light commercial vehicle tyre factory Goodyear Tire & Rubber is setting up to satisfy anticipated demand within the Americas. A groundreaking ceremony was held at the San Luis Potosi site in Mexico yesterday.
On 21 July a US federal appeals court upheld a directive requiring Goodyear to disclose that it withheld information from a case involving an Arizona family in all future lawsuits. In a separate ruling, the appellate court also upheld “a $2.7 million sanction levied against the company’s attorneys, an amount designed to compensate the plaintiffs in the case for all the costs they had incurred in filing the suit”, according to the Arizona Daily Sun.
UltraGrip is the family name given to Goodyear’s winter tyre portfolio, and so far a total of 60 million UltraGrip tyres have been sold since the moniker first graced a sidewall. This year sees the introduction of a successor to the UltraGrip 8 Performance winter tyre – the UltraGrip Performance Gen-1. Shipments to retailers began in June 2015.
Directors of The Goodyear Tire & Rubber Company have declared a quarterly dividend of US$0.06 per share of common stock. The dividend is payable 1 September 2015 to shareholders of record on 31 July 2015. The payout represents an annual rate of 24 cents per share.
SD-International (SDI) has appointed Steve Tidmarsh as general manager. Tidmarsh brings over 35 years of experience to the Shanghai-based contract tyre manufacturer.
Tidmarsh’s experience includes 25 years at Goodyear Dunlop, culminating as sales and marketing director of both the consumer and commercial sectors. He has also held the position of financial director with Hi-Q Tyre Services as well as six years as managing director of Kumho UK, becoming the first non-South Korean to hold this title.
Titan Tire Corporation recently recommenced production of its complete Goodyear ATV and UTV tyre portfolio. This return to full production is the result of an agreement the company entered into with Goodyear Tire & Rubber in August 2014, and is the first time since 2009 that the full line-up of ATV tyres has been offered.
It’s ‘Guinness Time’ again: Last month Honda set a new Guinness World Records title for ‘lowest fuel consumption – all 24 contiguous EU countries (all cars)’, recording an average 100.31 miles per gallon over 8,387 miles during a 25 day drive across all 24 EU contiguous countries, and now Volkswagen of America has set a new Guinness World Records achievement for the ‘lowest fuel consumption – 48 US contiguous States for a non-hybrid car’. The record-setting VW Golf TDI achieved an average fuel consumption of 81.17 mpg during its trip, beating the previous record by more than 3 mpg. Goodyear supported Volkswagen of America in its attempt, supplying the Golf TDI with Goodyear Assurance Fuel Max tyres.
Following Goodyear Dunlop Tyres UK’s proposal to close its Wolverhampton mixing and retreading facility, Tyrepress spoke to the managing director of Goodyear Dunlop UK, Erich Fric, who explained the business reasons for the decision. “We’ve taken the decision to put this proposal forward based on the economic environment, and in order to keep our companies competitive in the long term,” Fric said.
Following the news of Goodyear’s planned closure of its Wolverhampton mixing and retreading operations, Express & Star journalist, Peter Madeley has quoted “a union spokesman” on Twitter, saying that the closure proposal was “out of the blue”.
The proposed closure of Goodyear Dunlop’s Wolverhampton retread plant will bring to an end 90 years of tyre production in the city. The factory was part of the first Goodyear factory outside USA, when the manufacturer first started producing new tyres in the city in response to post-World War One import tariffs designed to boost British industry. At its peak, the manufacturer’s operations in Wolverhampton were estimated to have provided more than 7,000 jobs, making it one of the most significant players in the local economy. This role diminished throughout the 2000s, as Wolverhampton job losses became a regular occurrence.
Goodyear will not make a Formula One comeback in 2017, while Dunlop has reaffirmed its commitment to endurance and touring car racing. The manufacturer’s statements come on the 17 June tender deadline, following Michelin Motorsport director Pascal Couasnon’s confirmation that the French manufacturer had submitted an official application.
Goodyear’s Wrangler DuraTrac tyre has been chosen as the best off-road tyre by readers of the specialised German magazine Off Road. It was the third successive year the tyre has won. The Goodyear Wrangler DuraTrac won in the “Traction Tyres” category in which readers were invited to vote for one of 10 candidates. 30 per cent of the votes went to the Goodyear tyre, which was developed for use on tough terrain.
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