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.
Following the news that it is raising money to fund the cash part of its takeover of Cooper Tire, The Goodyear Tire & Rubber Company announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 and $600 million aggregate principal amount of senior notes due 2031.
Germans can forward to a number of public holidays in the coming weeks, but part of the workforce at the Goodyear Dunlop tyre plant in Hanau won’t be taking these days off. Local media sources report that the plant is responding to production backlogs by declaring the Ascension, Pentecost Sunday, Whit Monday and Corpus Christi holidays to be “compulsory work days” at the Hanau facility.
With the confirmation of its 197th consecutive quarterly dividend (announced on 6 May 2021), Cooper Tire & Rubber reiterated its position as one of the most consistent dividend-payers out there. However, this time the normally prosaic dividend payment announcement statement was spiced up by a single condition.
Goodyear Proactive Solutions has worked with airport equipment manufacturer Trepel to develop a tyre management solution for its latest aircraft tractor, the Charger 380. The heavy-duty version of Goodyear’s tyre pressure monitoring system has been integrated into the tractor’s dashboard. Goodyear calls this a “landmark industry first” for this application of its TPMS system, which normally operates through an app or web platform.
As Goodyear returns for another season as tyre supplier to the KwikFit British Touring Car Championship (BTCC), it is also bringing back the Wingfoot Award for the 2021 season. In addition, the tyre maker will launch a competition that gives BTCC fans the chance to present the Goodyear Wingfoot Award to the 2021 season’s winner and also bag a set of Goodyear’s award-winning Eagle F1 SuperSport tyres for their car.
Goodyear has introduced a new generation of tyres for specialised container handling machinery such as reach stackers. The tyre maker says the GEN II versions of its EV-4S and EV-5S bring a range of new technologies to improve efficiency, stability and durability.
Almost a year after Jürgen Titz announced his departure from Goodyear after more than 22 years of service, he is back in the tyre industry. The experienced manager, who most recently served as Goodyear’s managing director consumer Europe Central and chairman of Goodyear Dunlop Tires Germany, has now taken on a partnership role within the tyre trade.
Cooper shareholders approve proposed merger with Goodyear Cooper Tire & Rubber Company’s stockholders have voted overwhelmingly to approve the planned merger with The Goodyear Tire & Rubber Company. The vote was held at a special meeting of Cooper stockholders today. Cooper reports that approximately 99 per cent of votes cast were in favour of the transaction. Read our coverage of Goodyear’s acquisition of Cooper here, or in our special 12-page e-paper supplement.
The performance stats of recently-launched electric cars highlight that the move to electrification not only eliminates emissions, but also raises the bar in regards to sheer acceleration and instant performance. Electric saloons from manufacturers such as Audi and Porsche can hit 60 mph faster than many traditional supercars. Goodyear says this brings exciting new challenges for tyre design and development.
Goodyear’s inaugural FIA World Endurance Championship (WEC) campaign in 2020 was the prelude to a new era for the brand in the series. Goodyear is an official championship partner supplying every car in the LMP2 prototype category this season, which begins at Spa-Francorchamps, Belgium, on Saturday 1 May with a six-hour race. In its comeback season to top-level motorsport, its first action at this level in two decades, Goodyear’s tyres were victorious in Shanghai and Bahrain, and achieved a memorable double podium at the 24 Hours of Le Mans.
Goodyear’s US$2.8 billion takeover of Cooper has passed a significant milestone, following the deal’s approval by antitrust authorities in China. According to official filings, the merger between Goodyear Tire and Rubber Company and Cooper Tire & Rubber Company was approved by the State Administration for Market Regulation (SAMR) on 23 April 2021.
The Toyota Yaris has gone the way of the Mini and Fiat 500 and bulked out to meet market demand. Toyota has launched the Yaris Cross, a new and larger version of its popular supermini. It designed this B-segment SUV specifically for the European market and has selected Goodyear as an original equipment tyre supplier. The Toyota Yaris Cross will wear the Goodyear EfficientGrip Performance 2 in size 215/50R18 with a load/speed rating of 92V.
Goodyear has appointed Frank Titz to the role of managing director OE Truck EMEA, effective 1 April. Titz joined Goodyear in 1997 as manager sales & marketing Truck Tires for Germany. In the course of his career he has held various international sales and general management functions within the company and “brings with him a wealth of experience in the consumer and commercial business, including original equipment.”
Clement Marin