Goodyear Tire & Rubber Co will acquire Cooper Tire & Rubber Company for approximately $2.8 billion to double its presence in North America and China. Goodyear said the deal also broadens the distribution for Cooper replacement tires through its retail store network.
Under the terms of the deal, Cooper shareholders will receive $41.75 per share in cash and a fixed exchange ratio of 0.907 shares of Goodyear common stock. The implied cash and stock consideration for Cooper shareholders is $54.36 per share, representing a premium of 24% to its closing price on February 19.
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Read the source article at Goodyear/Cooper Tire Transaction Facts
Albuquerque, NM (KKOB) — Simulating how a tire’s tread, rubber and size respond to a road’s corners, angles and hills, Sandia National Laboratories and The Goodyear Tire & Rubber Co. have developed a virtual means of showing a tire’s performance before the first prototypes are ever built.
Computer simulations test a virtual tire on a virtual test machine that simulates actual road conditions. Thus, the Virtual Flat Trac reduces the need for actual tires to be tested on Goodyear’s actual Flat Trac machines in Akron, Ohio, or Colmar-Berg, Luxembourg, said Michael Skroch, Sandia’s manager of Simulation Modeling Sciences.
Read the source article at newsradiokkob.com
The Goodyear Tire & Rubber Company and ConMet announced their strategic collaboration to create combined digital solutions that will better connect commercial truck fleets to the health of their tires and wheel ends.
For the first time in the industry, two companies will use their combined expertise in connected mobility and their existing data resources to provide fleets with holistic insights on tire and wheel end performance. The goal is to allow fleets to remotely monitor their vehicles in real time, automate insights and make better maintenance decisions in order to improve vehicle safety, as well as maximize efficiency and uptime.
Read the source article at telematicswire.net
Goodyear is to install a second DiM250 Dynamic Driving Simulator, supplied by VI-Grade, at its Innovation Center in Colmar-Berg, Luxembourg.
Goodyear will use the simulator in conjunction with another DiM250 recently installed at the company headquarters in Ohio, USA. Both innovation sites also have previously installed VI-Grade Compact Simulators to assist with virtual tire development.
Read the source article at Tire Technology International
On January 3rd, the 43rd Dakar started in Jeddah, Saudi Arabia. The so-called motorsport marathon covers over 7500 km and will end on January 15th. The infamous competition is also known as one of the toughest rallies in the world. … Once more the standard Goodyear OFFROAD ORD tyres showcase their extraordinary performance in terms of grip and durability.
Read the source article at Newsroom Goodyear EMEA
A collaboration between The Goodyear Tire & Rubber Company ‘s Akron Innovation Lab and Case Western Reserve University offers college and graduate students an opportunity to design the future via a virtual competition focused on the mobility ecosystem.
Goodyear is sponsoring the competition for the fifth straight year as part of its continuing drive to deliver future mobility solutions.
Read the source article at Aftermarket News
Goodyear Tire has introduced the new Wrangler Workhorse Powerline. This line includes three new tires and is designed for those who rely on hardworking dependability from their tires to get the job done.
The new Wrangler Workhorse Powerline portfolio focuses on longevity, utility and enhanced traction and includes:
Read the source article at Traction News
The Goodyear Tire & Rubber Co. announced several new commercial product lines to be launched in 2021 during its virtual customer conference held Dec. 7.
The new tires are intended for the long-haul, regional/urban and mixed- service segments.
Read the source article at Tire Review
… Back in 2005 a group of leading tire company CEOs set out to study a range of tire lifecycle issues on an organized basis.
The idea gave birth to the Tire Industry Project. Organized as a voluntary collaboration under the umbrella of the World Business Council for Sustainable Development (WBCSD), the group’s membership is currently comprised of 11 major tire companies and co-led by Bridgestone, Goodyear and Michelin.
“The main role of TIP is to generate knowledge and science related to human health and environmental impacts,” Director Anne Cécile Rémont told TriplePundit. “TIP came from CEOs who realized that if they mutualized their efforts, it would be more efficient, and they would achieve a much greater impact.”
Read the source article at TriplePundit
Cambridge, Ontario; November 26, 2020— The Tire and Rubber Association of Canada (TRAC) today announces a new board member and a new board chair, following the resignation of Tony Mougios of Michelin North America (Canada) Inc. Dr. Antoine Sautenet of Michelin was elected as a Director to complete Mr. Mougios unexpired term and elected 2nd Vice-Chair of the Board. Maureen Kline of Pirelli moves into the role as Chair of the Board, Paul Downey of Pliteq becomes 1st Vice Chair and Matt Livigni of Continental Tire remains as Treasurer.
Read the source article at TRAC News