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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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Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research

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With the addition of the Cooper Tire business, Goodyear will return to the global number three ranking in passenger car and light truck (PCLT) tyre volumes in 2021. After previously holding the clear number three ranking behind the world’s largest tyre manufacturers, Bridgestone and Michelin, Goodyear was joint third with Continental in both 2017 and 2018. In 2019, Goodyear fell behind Continental to fourth position in 2019 and 2020. Working on a pro forma basis combining original equipment and replacement market tyres, Astutus Research data reveals some interesting facts about the nascent conjoined organisation, with reference to their largest tyre business segment in terms of volume.

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Bumpy roads and leveraged buy-outs – reflections on the Goodyear/Cooper Tire integration

Goodyear’s $2.5 billion-dollar acquisition of Cooper is the biggest tyre industry news story of 2021 so far (click here for detailed analysis of the deal itself). But takeovers – especially those this big – are seldom easy. A large portion of the motivation behind the acquisition is to bolster Goodyear’s position in the high-value 4×4 and SUV tyre segments. So, with this in mind, what kind of terrain is the deal likely to encounter as the two companies make their way towards integration?

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Goodyear names Chris Helsel SVP Global Operations & CTO

Goodyear Tire & Rubber

A broadened remit for Christopher P. Helsel: The Goodyear Tire & Rubber Company has announced he will succeed Jonathan Bellissimo as senior vice president, global operations following the latter’s retirement after a Goodyear career spanning four decades. Helsel will also continue as chief technology officer, a role he’s held for the past three years.

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Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic

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The day after Goodyear announced that it is buying Cooper Tire for north of $2.5 billion, Fitch Ratings affirmed its Long-Term Issuer Default Ratings of The Goodyear Tire & Rubber Company (GT) and its Goodyear Europe B.V. (GEBV). Fitch also affirmed its ratings on a number of specific funding lines. Both moves can be interpreted as partially affirming the Goodyear Cooper acquisition’s strategic logic – something that was described as compelling by the senior executives of both companies.

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  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
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  4. Goodyear and Cooper shares up 30% after takeover news
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Goodyear and Cooper shares up 30% after takeover news

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Goodyear’s takeover of Cooper Tire has been positively received by the stock markets, with Cooper’s share price jumping 31.8 per cent from 43.81 before the news was announced to $57.75 two days later. Goodyear‘s share price also swelled, up 28.9 per cent from $13.52 beforehand to $17.43 48 hours after the takeover news was released.

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  1. Goodyear set to buy Cooper Tire for US$2.5 billion
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Goodyear tyres on Brabham BT62R

After rekindling their partnership in 2019, Goodyear and Brabham Automotive have once again teamed up. Goodyear is supplying its Eagle F1 SuperSport RS as original equipment tyre for the road-going version of the Australian-made supercar, the Brabham BT62R.

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Goodyear approached Cooper Tire regarding multi-billion-dollar acquisition

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Cooper

Cooper Tire wasn’t initially looking to sell when Goodyear chief executive Rich Kramer approached the company, Cooper’s president and CEO told journalists in a virtual press conference on 22 February 2021. Rather, Cooper’s management and board were convinced by Goodyear’s “compelling offer” and “strategic logic”. So, what exactly was it that convinced Cooper’s leadership team?

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The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron

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Goodyear

Explaining the rationale behind Goodyear’s multi-billion dollar acquisition of Cooper Tire, executives said the combination offers “compelling strategic and financial benefits”. Specifically, they suggested the transaction “further strengthens Goodyear’s leading position in the US, while significantly growing its position in other North American markets.” With just two home-grown domestic tyremakers in the US (Goodyear and Cooper), that much is clear. However, the benefits of the announced merger are not limited to North America. In China, the combination will almost double Goodyear’s presence. According to Goodyear, it will also increase the Akron, Ohio-based tyremaker’s OE tyre supply position, while creating broader distribution for Cooper replacement tyres through Goodyear’s network of 2,500 branded retail stores.

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Goodyear set to buy Cooper Tire for US$2.5 billion

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The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company have made “a definitive transaction agreement” that will see Goodyear buy Cooper for roughly $2.5 billion. The combined company will have approximately $17.5 billion in pro forma 2019 sales. Upon closing of the transaction, Goodyear shareholders will own approximately 84 per cent of the combined company, and Cooper shareholders will own approximately 16 per cent.

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Autozeitung test: 5 from 10 tyres recommended

Ten premium and mid-range brands of tyre show us what they can – and can’t – do in Autozeitung’s 2021 summer tyre test. This year the German motoring publication looks at size 225/40 R18, which is a dimension suited to around 60 vehicle models – including the new Seat Leon, which served as test vehicle.

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All good, some better – Gute Fahrt summer tyre test 2021

The days are getting longer and the air outside less bitingly cold. Summer is on its way, and this also means that tyre testers have emerged from hibernation. The first comparative evaluation we’ve seen for the warmer months of 2021 comes from German car magazine Gute Fahrt, which tested the tyre size 245/40 R18 Y.

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Goodyear invests further in autonomous mobility

Goodyear has invested in a further autonomous vehicle firm through its Goodyear Ventures venture capital fund. The latest business to join Goodyear Venture’s growing investment portfolio is TuSimple, a global autonomous trucking technology company that operates self-driving trucks out of its facilities in the USA, Europe, China and Japan.

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Goodyear tyre supplier to BMW M2 Cup

The BMW M2 CS Racing is the new entry-level model in the BMW M Motorsport product portfolio, and the car has its own race series. BMW M Motorsport is collaborating with motorsport agency tolimit to bring the BMW M2 Cup to European circuits this year. Each of the identical cars competing in the series will race on Goodyear tyres.

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Dunlop Geomax MX53 gains magazine accolade

Cross Magazin has given the Dunlop Geomax MX53 its ‘Product of the Year’ award in recognition of the motocross tyre’s wide range of performance and longevity after extensive testing. In its January 2021 issue, the German specialist publication presented Geomax MX53 as its ‘Product of the Year’ for 2020, explaining that its performance window as an intermediate to hard motocross tyre and durability after varied testing was not only an improvement over its predecessor the Geomax MX52, but outstanding in its own right.

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Goodyear Official Tire Partner of Nürburgring

Goodyear is the new ‘Official Tire Partner’ of the Nürburgring circuit in Germany. It gained this status upon expanding its existing partnership with the Nürburgring Driving Academy, the ring°kartbahn and Offroadpark to cover the entire Nürburgring organisation.

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