Goodyear Tire & Rubber Co. in Canada is investing C$575 million to upgrade its plant in Napanee, Ontario, according to a statement released by the country’s Prime Minister Justin Trudeau. The project to modernise and expand the plant will create…
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Yokohama Rubber to acquire Goodyear’s OTR business for US$900 mn
Yokohama Rubber Co has announced that it has entered into an agreement to purchase the Off-the-Road tyre (hereafter OTR) business of US-based Goodyear Tire & Rubber Company. The OTR business provides specialised tyres for the mining & construction industries among…
Yokohama mulling over acquiring Goodyear’s OTR tyre business
Japan’s Yokohama Rubber Co. says it is in negotiations to acquire Goodyear Tire & Rubber Co.’s Off-the-Road (OTR) tyre business. According to Bloomberg, the potential deal is valued at around US$1 billion. If the acquisition goes ahead, it will be…
Goodyear opens simulation centre in Luxembourg to enhance tyre development process
Tyre maker Goodyear Tire & Rubber Company has officially opened its simulation centre in Luxembourg for tyre design and development. Outfitted with a DiM250 Dynamic Driving Simulator developed by VI-grade, the centre is designed to enhance Goodyear’s collaboration with OEMs…
Goodyear to shutdown tyre plant in Malaysia
As one of its cost-cutting exercises globally, US tyre maker Goodyear plans to shut down its plant in Malaysia in June, a decision expected to affect more than 500 employees. Goodyear said the decision to shutter the plant in the…
Goodyear cooperates with ZF, TDK for tyre intelligence; with TNO on anti-locking braking
Tyre maker Goodyear Tire & Rubber Company has announced various collaborations for tyre intelligence technologies including a vehicle motion control software with vehicle systems and industrial technology supplier ZF and with TDK Corporation, it is working on launching a tyre…
Goodyear ties up with Gatik on tyre intelligence integration
Tyre maker Goodyear Tire & Rubber Company and Gatik Inc, specialising in autonomous middle mile B2B logistics, announced the expansion of what they say is “the industry’s first, successful integration of tyre intelligence technology” into an autonomous driving system. Gatik’s…
Goodyear’s transformation plan includes sale of rubber business
Under pressure by its largest investor to uplift its earnings, tyre maker Goodyear Tire & Rubber Company has announced a transformation plan to optimise its portfolio, deliver significant margin expansion and reduce leverage. The plan includes optimisation of its chemical…
Goodyear/Visolis to produce biobased isoprene
Tyre maker Goodyear has tied up with Visolis, a pioneering sustainable technology company, to produce isoprene through the upcycling of biobased materials. This collaboration is supported by a Small Business Innovation Research (SBIR) grant awarded to Visolis earlier this year.…
Goodyear to slash 700 jobs in Asia-Pac; sell off retail outlets
Goodyear Tire & Rubber Company says it has approved “a rationalisation plan in Asia Pacific to improve profitability in its Australia and New Zealand operations”, which includes the sale of 100 retail and fleet locations and nine warehouses with a…