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…
Tag: goodyear
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…
Goodyear looks at soybean oil for better, more sustainable tyre manufacture
The Goodyear Tire & Rubber company (Goodyear) has banked on soybean oil to replace petroleum-based oils in many of its premium tyre brands over the last couple of years. The environmentally-friendly vegetable byproduct has been able to meet the same…
Goodyear, Borrow pilot for EV tyre maintenance
In a second tyre service innovation for future mobility, American tyre manufacturer Goodyear Tire & Rubber Company has entered a partnership with California-based electric car subscription company Borrow for automatic tyre servicing. Goodyear will use its predictive tyre servicing solution…