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.
Not only is Goodyear expanding its Eagle F1 Asymmetric 6 range to better cover growing demand from SUV drivers in the premium tyre segment, the company also aims to meet budget segment SUV demand with its Sava brand. From January 2024, 15 additional sizes join the Sava Intensa SUV 2 range.
The share prices of Bridgestone, Continental, Goodyear, Michelin, Nokian and Pirelli were down by an average of 2.35 per cent following the news that the European Commission has started an antitrust investigation within the European Union.
McConechy’s Tyres Coatbridge has gained a Goodyear TruckForce Award, an accolade that “recognises the exceptional service provided by TruckForce partners on a quarterly basis.” Goodyear honoured McConechy’s, which is part of Halfords Commercial Fleet Services, for its dedication and professionalism.
Unannounced inspections, investigations, visits, raids. Whatever you call them, having the European Commission come knocking uninvited is not how any tyre manufacturer wants to start 2024. Nevertheless, that is exactly what happened at the tail-end of January across “several member states” within the European Union.
Following the news that the European Commission has opened a price-fixing investigation across “several member states”, Michelin has officially confirmed that it too has been investigated as part of EC antitrust case. Nokian, Goodyear, Continental, Pirelli and Bridgestone have also been investigated as part of the EC case.
No less than 95 new SKUs will join the Goodyear Eagle F1 Asymmetric 6 range in the coming weeks and months. Announcing the new sizes, Goodyear says it will particularly focus on 19-inch and larger rim diameters, catering to growth in the SUV market across Europe.
Yesterday the European Commission announced it was “carrying out unannounced inspections at the premises of companies active in the tyres industry in several Member States.” So far, we’ve learned that Bridgestone, Continental, Goodyear, Michelin, Nokian Tyres, and Pirelli received visits from EC officials.
Following the news that the European Commission is investigating tyre manufacturers across Europe for anti-competitive practices, we now know that at least Nokian, Continental and now Goodyear have been visited.
The European Commission is carrying out unannounced inspections at the premises of companies active in the tyre industry “in several “member states”. The reason? “The commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices”, according to an official statement. So far, Nokian Tyres, Continental, Goodyear, Pirelli, and Bridgestone have confirmed they have received an unannounced inspection.
Following the news that Avon’s ex-motorsport head has formed the Nova Motorsport tyre brand, Goodyear has confirmed to Tyres & Accessories that its Cooper Europe operation is “in advanced discussions” relating to the sale of certain Avon motorsport tyre assets.
Following the news that Mark Stewart has been appointed as Goodyear’s new global chief executive, further details of his remuneration have emerged. He’s getting paid a double-digit-million-dollar package in year one.
Rich Kramer isn’t the only member of The Goodyear Tire & Rubber management team who will retire in 2024. Both Darren Wells and Stephen McClellan plan to end their service with the tyre maker within the coming quarter of a year.
The Goodyear Tire & Rubber Company has named Mark Stewart as chief executive officer and president, effective 29 January 2024. He succeeds Richard J. Kramer, who announced his retirement from Goodyear towards the end of 2023. In addition, also as of 29 January, Laurette T. Koellner, independent lead director of Goodyear’s board since 2019, will become non-executive board chair, and Stewart will be added to the Goodyear board as a director.
In 2021, The Goodyear Tire & Rubber Company began collaborating with Netherlands-based research organisation TNO into solutions that facilitate communication between a vehicle’s tyres and its anti-lock braking system (ABS). More than three years later, the partners are showcasing their work on integrating tyre intelligence technology into the ABS controller of a test vehicle.
Goodyear has placed Frank Titz in charge of its passenger car tyre replacement sales in the DACH region (Germany, Austria and Switzerland). Titz took over from Dr André Weisz, who is to take on global responsibilities at the manufacturer, in the new year, according to Tyrepress’s German sister site. Weisz will continue to act as managing director of the Goodyear companies in the DACH market, such as Goodyear Germany GmbH (Hanau).
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