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.
When choosing 4×4 and SUV tyres, it is ‘better to have, and not need.’ With this in mind, Auto Bild Allrad examines both on and off-road strengths in its 2024 summer tyre test. The publication examined 11 brands in size 235/55R19, and although none of the candidates achieved top marks on every type of surface, two tyres offer an “all-round no worries package on and off the road.”
Introducing its ë-C3, Citroën invites us to “forget everything” we know about electric cars as this new model “challenges the rulebook” for European-designed and built B-segment vehicles. Citroën intends to debut the fourth generation C3 in the UK late in 2024, and may deliver cars with Goodyear tyres as standard. Citroën has selected the Goodyear EfficientGrip Performance 2 as an original equipment tyre for the new model.
The Goodyear Tire & Rubber Company intends to close another production facility, this time far away from its European operation. The company will end tyre making at its plant in Shah Alam by 30 June 2024, with the closure process completed by the end of this year. Approximately 550 employees will be directly affected by the plant’s shutdown.
The collaboration between the Goodyear Tire & Rubber Company and US leader in autonomous middle mile B2B logistics Gatik began in 2021 when the tyre manufacturer announced its joint project with the firm. Goodyear wanted to explore how its advanced tyre intelligence solutions could be leveraged to further the development of autonomous commercial vehicles. Goodyear had participated in Gatik’s Series B funding via its venture capital fund, Goodyear Ventures in order for the two companies will work on multiple innovative projects. Gatik’s medium-duty fleet ran on tyres equipped with Goodyear SightLine technology, the company’s suite of tyre intelligence solutions that sought to build on Goodyear’s existing connected tyre management products. In January, Goodyear and Gatik announced the expansion of what they call the industry’s “first successful integration of tyre intelligence technology into an autonomous driving system.”
Volkswagen is launching the latest versions of its Passat estate, which is known as the Variant in most markets, and has selected a range of Goodyear summer, all-season and winter tyres as original equipment. A Goodyear tyre is available for all applicable sizes on the new model.
Goodyear executives have confirmed that Turbalvoroco Unipessoal LDA, trading as Nova Motorsport (Nova), will buy “certain assets used in the manufacturing and sale of” Avon-branded motorsport tyres. Nova has also acquired “the brand license, traditionally used in the manufacturing and sale of certain motorsport tyres under the names ‘Avon Motorsport’ and ‘Avon Racing’”. Tyres & Accessories understands that Nova plans to continue the production of some of the Avon Motorsport product range independently from Goodyear.
Goodyear has appointed TyreCall as “a Full Service Distribution (FSD) partner” in the Republic of Ireland and Northern Ireland. According to Goodyear, the strategic partnership will help Goodyear “manage stock, simplify the sales process, and improve the service offered to retailers. “
Tyres are just black and round, as friends and loved ones never grow weary of pointing out, but things get more complicated when the Dunlop name is on the sidewall. While most tyre brands are produced by a single company, Dunlop has the distinction of being made by no less than three. But things may soon become simpler.
In response to a request for information from regional public broadcaster SWR, the public prosecutor’s office (Staatswanwaltschaft) in Koblenz, Germany has confirmed that tyre damage caused the accident which claimed the lives of two Goodyear associates at the Nürburgring last August. The office told SWR an expert has established that the right rear tyre was damaged before the fatal collision.
There was no win for Team De Rooy, equipped with Goodyear Offroad tyres and the tyre supplier’s TPMS, after 14 demanding days across Saudi Arabia in the Dakar 2024 Rally, but the team celebrated a solid performance, showing resilience, skill, and determination. All three Team De Rooy trucks completed all the stages of the challenging course, assisted by the Goodyear Offroad tyres’ traction and durability on challenging terrains. The integration of Goodyear TPMS played an important role in monitoring tyre pressure and temperature in real time, allowing the team to make dynamic adjustments and respond swiftly to evolving road conditions.
Goodyear has appointed Maximilian Weber to lead its truck tyre sales in Germany, Austria and Switzerland. As Sales General Manager Commercial DACH, Weber continues a career with Goodyear that began in 2008 and has seen him take on roles of increasing responsibility, most recently as Sales General Manager Consumer for Goodyear’s car tyre business in the Benelux region.
Goodyear’s fourth-quarter 2023 sales decreased 4.8 per cent compared to the previous year driven by “the impact of lower replacement volume and lower third-party chemical sales”. That and other factors resulted in a fourth-quarter 2023 net loss of $291 million compared to a net loss of $104 million – 180 per cent worse than the figure a year ago.
Last September, The Goodyear Tire & Rubber Company approved a “rationalisation plan” for its operations in Australia and New Zealand, an overhaul that involves divesting or closing 100 retail and fleet locations and nine warehouses. With Australian media reporting that negotiations for a sale have faltered, the number of retail sites to close may end up being more than this quoted figure.
Days after the European Commission announced that it is investigating a number of leading tyre manufacturers in relation to allegations of price-fixing, the same companies have become the subject of a similar class-action lawsuit in the USA. The class action relates to “…purchases of tyres within four years prior to the filing” – which clearly relates to a potentially enormous number of tyres. The case basically alleges that the named tyremakers colluded to raise and sustain higher tyre prices and that such action was at least partly facilitated via public communications. The named tyremakers have all already denied price fixing and stated their compliance with the law and their cooperation with investigations in relation the EC investigation.
The Goodyear Tire & Rubber Company has named Greg Shank as senior director of Investor Relations (IR). He reports to Christina Zamarro, executive vice president and Chief Financial Officer (CFO).
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