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…
Tag: goodyear
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…
Goodyear completes EUR94 mn expansion at tyre plant in Slovenia
US-based tyre maker Goodyear’s branch in Slovenia, Goodyear Slovenia, has expanded production capacity by 25% and created 160 jobs as part of a EUR94 million investment at its plant in Kranj, in the north-west of the country. The expansion that…
Goodyear Tire to axe 500 jobs against weaker demand
US tyre maker Goodyear Tire & Rubber Co. says it is reducing its workforce by about 5%, or 500 jobs, in first half of 2023, as part of a restructuring in response to a “challenging” industry environment and inflation-related cost…
Goodyear unveils 90% sustainable demo tyre
US-based Goodyear Tire has unveiled a demonstration tyre comprised of 90% sustainable materials, which it says has passed all applicable regulatory testing as well as Goodyear’s internal testing. This demonstration tyre also tested to have lower rolling resistance when compared…
Goodyear to focus on motorcycle tyres in France
US tyre maker Goodyear is planning to move light-truck tyre production out of its Montlucons factory and convert capacity at that plant solely to motorcycle tyres with an investment of EUR16 million. It also said Goodyear France S.A. has opened…
Goodyear to develop dandelion rubber in US
Tyre firm Goodyear Tire & Rubber Company has entered into a multi-year, multi-million-dollar program supported by the US Department of Defense (DoD), the Air Force Research Lab (AFRL) and BioMADE to work with Ohio-based Farmed Materials to develop a domestic source…