Goodyear Archives - Page 85 of 243 - Tyrepress

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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From 'so-called workers' to plant shareholders?

Recently the French government was told it can keep its “so-called workers” at Goodyear’s slated-for-closure Amiens Nord factory, but news out of France suggests these workers may be offered an opportunity to keep their jobs, independently of Titan International or anyone else. On 26 February the CGT (General Confederation of Labour) union proposed forming a workers’ holding company, making the approximately 1,250 plant workers shareholders in the Amiens Nord operation.

27th February 2013/12,345 Comments/by Tyrepress Editors

Michelin Energy Saver + tops 2013 ADAC summer tyre test

Michelin’s Energy Saver + in size 185/60 R15 H has topped the latest ADAC and Stiftung Warentest Sommerreifentest ahead of 28 other tyres in two sizes. The top mark in the other size, 225/45 R17 W/Y, was shared by Continental’s SportContact 5 and Goodyear’s Eagle F1 Asymmetric 2. In total 16 out of the 29 tyres achieved a score between 1.6 and 2.5, indicating a “good” rating. The tests, designed to examine performance on small and medium family cars, were performed on a Volkswagen Polo in the smaller size and on the Skoda Octavia. The full test results will be published in the March 2013 edition of the ADAC.

21st February 2013/12,345 Comments/by Tyrepress Editors

Goodyear senior notes offer to fund pension plan contribution

On 20 February, Goodyear Tire & Rubber announced that a public offering of its 8-year senior notes had commenced and will close on 25 February, subject to market and other customary conditions. The notes will be senior unsecured obligations and Goodyear says the offering has an aggregate value of US$900 million. They will be sold at 100 per cent of the principal amount and will bear interest at a rate of 6.5 per cent.

21st February 2013/12,345 Comments/by Tyrepress Editors

Taylor letter ‘ignorant’, replies French minister

Maurice Taylor’s run for the Republican Party nomination in the US presidential election of 1996 ended in failure, and following recent events it is also unlikely the party will keep him in mind as a future Secretary of State. As expected, French industry minister Arnaud Montebourg has responded to the Titan boss’s strongly-worded letter with a few choice comments of his own.

21st February 2013/12,345 Comments/by Tyrepress Editors

Move to new Goodyear HQ begins

The first employees are making themselves at home in Goodyear’s new global headquarters. According to the Akron Beacon Journal, around 200 employees from the tyre maker’s information technology and finance departments started work in the new US$120 million facility on 18 February. Eventually as many as 2,000 employees will work there.

20th February 2013/12,345 Comments/by Tyrepress Editors

You can keep the so-called workers – Titan’s Taylor replies to French offer

He stopped short of deploying the phrase “lunch eating laziness monkeys” – but perhaps only just. Titan International chairman and CEO Maurice Taylor has penned a letter to France’s industry minister Arnaud Montebourg, mocking the latter’s well meant but ultimately misguided request for Titan and Taylor to reconsider buying the agricultural business at Goodyear’s Amiens Nord plant. Taylor, a man known for his forthrightness, also took the opportunity to express his feelings towards the Amiens plant workforce.

20th February 2013/12,345 Comments/by Tyrepress Editors

Production starts at Hankook’s Chongqing plant

According to a statement released by Hankook Tire, production has commenced at the company’s Liang Jiang Xin Qu factory in China’s Chongqing region. The tyre maker writes that the plant’s initial production capacity goal of 2,400 tyres a day is expected to be reached by mid-2013; upon breaking ground at the factory site in May 2011, Hankook said it aimed to produce 4,500 truck and bus radials and 30,000 passenger car radials a day in Chongqing by the end of 2015.

19th February 2013/12,345 Comments/by Tyrepress Editors

Conti ‘delighted’ with evo winter test result

For those of you who missed evo’s recent winter tyre test, Continental wishes to point out that its ContiWinterContact TS850 came out on top. Eight size 205/55R16 winter and all-season tyres – and one Continental summer tyre – were jointly evaluated by evo tester John Barker and testers from Auto Express. Evo found the TS850 to be “responsive, stable and predictable in all scenarios” and said “winter tyres come no more capable or reassuring that this.”

14th February 2013/12,345 Comments/by Tyrepress Editors

Goodyear results point to EMEA ‘profit improvement plan’

Goodyear has reported that its fourth quarter 2012 sales amounted to $5 billion, down 11 per cent from 2011. According to the company, the drop reflects $338 million in lower tyre unit volumes, $221 million in lower sales in other tyre related businesses and $85 million in foreign exchange effects. It is worth pointing out that although tyre unit volumes totalled 40 million, this is generally down 7 per cent compared with 2011. And what’s more Goodyear reported that this primarily reflects lower volumes in Europe.

12th February 2013/12,345 Comments/by Tyrepress Editors

Dunlop moto appoints new US sales manager

Dunlop’s motorcycle tyre management team in the US has been expanded by the appointment of Cary Budzinski as its new general manager of sales. Budzinski begins his new role with more than 26 years at Goodyear’s retail store and consumer business units behind him; most recently he served as general manager of dealer development for Goodyear’s Consumer business unit. In his new position, Budzinski will report to Mike Buckley, Senior vice-president sales/marketing & R&D. Reporting to Cary will be Scott Dewey, Phil Waters, Fred Hassen and the rest of Dunlop’s sales force.

11th February 2013/12,345 Comments/by Tyrepress Editors

End of the road for Goodyear’s Amiens-Nord plant?

Career Tracks, Company News, International News, News

The sword of Damocles has hung over Goodyear’s production site in Amiens, France for years now. Most recently, in 2009 the American tyre maker openly discussed plans to end the production of passenger car tyres in Amiens-Nord; the site suffered from “uncompetitive costs,” the company said. Two years ago Goodyear attempted to emulate the deal it made in Latin America and sell the Amiens plant’s agricultural tyre production to Titan International. But all plans for the Titan-Goodyear deal collapsed at the end of 2011. Titan chairman and CEO Maurice Taylor pulled the ripcord and withdrew from Europe, visibly frustrated by the union representatives in Amiens.

25th January 2013/by Tyrepress Editors

Layoffs coming at Goodyear’s Danville plant

Due to weakened demand for truck tyres in North America, Goodyear Tire & Rubber is laying off 41 workers at its Danville, Virginia truck and aircraft tyre factory. Local newspaper the Danville Register & Bee writes that the layoffs will take effect on 4 February. In an article published 21 January, it quoted Goodyear communications manager Laura Singleton as saying hourly workers throughout the plant will be affected, with selections based on seniority; employees most recently hired will be laid off first.

23rd January 2013/by Tyrepress Editors

New Kumho aftermarket, dealer managers for Germany

At the start of this year, Kumho Tire Europe GmbH appointed a new executive sales director and car dealer key account manager for the German market. Thomas Schlich has taken on the position of executive sales director and in this role he is responsible for the replacement car and truck tyre market business relating to tyre and car dealers throughout Germany. The 47-year old has been employed in the automotive industry for more than 16 years, including nine years in various positions with Bridgestone.

22nd January 2013/by Tyrepress Editors

Goodyear avoids Fayetteville layoffs, achieving cuts with buyouts

The Goodyear Tyre & Rubber Co.’s Fayetteville, North Carolina plant has successfully filled the nearly 200 buyouts required to avoid layoffs. The company had announced the need to cut 200 jobs in Autumn 2012, offering staff the option to take buyout packages. Local news sources estimated around 135 employees’ buyouts had been completed on 16 January, with the staff leaving their jobs in phases.

17th January 2013/by Tyrepress Editors

Is Goodyear headed for European restructuring?

Recent reports published by financial analysts suggest Goodyear could be forced to restructure its business in the Europe Middle East and Africa (EMEA) region.
Reporting on an investor’s presentation given in Detroit, Deutsche Bank market watchers relayed that Goodyear cautioned that financial targets established two years ago – specifically US$1.6 billion segment operating income by 2013 – would be “difficult to achieve if current European market trends persist”.

16th January 2013/by Tyrepress Editors