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.…
Tag: goodyear
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…
Goodyear to slash 1,200 jobs in Europe, Middle East and Africa
US tyre maker Goodyear Tyre & Rubber says it has approved a rationalisation and workforce reorganisation plan in Europe, the Middle East and Africa (EMEA) region that will lead to 1,200 job cuts. This move is in alignment with their…
Goodyear’s Cobra all-seasons tyre with soybean tread
US-based tyre maker Goodyear Tire & Rubber Company has introduced the Cooper Cobra Instinct, said to be a hyper-responsive, high-performance tyre for all seasons that features tread compound that contains soybean oil, which replaces a portion of the petroleum-based materials…
Goodyear tyres selected by Airbus for new A321XLR
Tyre maker Goodyear says its Flight Radial tyre will be one of the approved fitments when the aircraft maker Airbus’s aircraft, A321XLR, enters service in 2024. The US tyre maker also adds that the tyre features supporting dimensional stability for longer life and…
Goodyear to cut capacity at German tyre plant
US tyre firm Goodyear Tire & Rubber says it will cut production capacity at its Fulda, Germany, tyre manufacturing facility by around 50% by year-end 2024. This move will result in approximately 550 job cuts. The company estimates that the…
Goodyear introduces real-time tyre intelligence at Le Mans
Goodyear Tire & Rubber Company has introduced racing tyres with the first real-time intelligence capability to record tyre pressure and temperature to be featured on the Nascar Next Gen Chevrolet Camaro ZL1 Garage 56 entry in this year’s 24 Hours…
Goodyear under investigation for labour practices in Mexico
A Goodyear Tire & Rubber Co plant in Mexico is under investigation for alleged labour rights abuses in the latest “rapid response” probe under North American trade rules. The complaint from the US Trade Representative’s office (USTR) comes after independent…
Elliott pumps up investment in Goodyear; pushes for financial reforms
Activist investor Elliott Investment Management LP, which manages funds that have an investment representing an approximately 10% economic interest in Goodyear Rubber & Tire Company, wants the company to strengthen its financial position by refreshing the board, selling its stores…
Goodyear launches first tyre to use methane-carbon black tread
Goodyear Tire & Rubber Company says it has a new tread formulation for its ultra-high performance, all-season ElectricDrive GT tyre, tuned for electric vehicles, in size 235/40R19. The specialised tread compound that provides enhanced all-season traction will include hydrogen and…