The Goodyear Tire & Rubber Company announced cost savings actions in response to a challenging industry environment and cost pressure driven by inflation. Planned rationalization and workforce reorganization would result in an approximately 5% reduction in salaried staff globally or about 500 positions, the company said.
“Our fourth quarter results fell short of our expectations given a significantly weaker industry backdrop, particularly in Europe,” said Richard J. Kramer, chairman, chief executive officer and president. “While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success.”
Hankook Tire will be the exclusive tire and technical partner for the 2023 Lamborghini Super Trofeo series.
Bridgestone said the tire is the world’s first-ever supercar all-terrain tire to feature run-flat technology.
Tire dealers know that offering a complete lineup of tire services can keep customers from seeking repairs elsewhere and add to the bottom line.
As a member of Team Hercules, Jim Horne will represent the brand as ambassadors at competitions and dealer and consumer events.
The Maxam MS405’s new sizes fit for loaders and dump trucks provide the OTR industry with more options.
This is the facility’s fourth STAR award, reflecting the company’s and
teammates’ commitment to a safe and healthy work environment.
The new program covers hazards encountered by riders on- and off-road at no additional charge.
What is one thing that scares you and one thing that excites you about the tire industry?