Goodyear is one of the world’s largest premium tyre manufacturers, however, its premium tyres often cost more than their budget counterparts.
They own popular brands like Dunlop and BFGoodrich, as well as multiple mid-range brands such as Fulda.
Goodyear tyres offer a balance of wet and dry grip, and many touring drivers prefer them for this reason.
However, they can be slow to wear and have received some criticism for their poor wet grip.
Goodyear develops cutting-edge tyre technology
The Goodyear Tyre & Rubber Company began its long and storied history making bicycle tyres in 1898.
Over the years, the Akron-based company has become one of the world’s largest tyre manufacturers.
Goodyear is committed to continually developing cutting-edge tyre technology to meet the changing needs of consumers. Its performance tyres offer excellent wet and dry handling.
The company is testing a new airless tire for use in mining, construction, and other industries where there is a lot of debris. Goodyear also unveiled a prototype of the tyre of the future that it calls the Eagle 360 spherical concept.
This prototype is capable of accommodating various types of pods.
Goodyear executives claim it is agile and maneuverable. Goodyear is already testing a version of this technology on the Citroen Skate prototype vehicle.
Ultimately, the Goodyear C100 tyre will be an autonomous vehicle. It will be able to sense the road surface and communicate with an autonomous vehicle’s system.
It will also feature advanced active-wear technology, enabling fleet operators to take proactive action with their tyre maintenance.
The company’s ongoing efforts in the area of autonomous trucks are a major catalyst for advancing tyre technology.
The development of new tyre technology is an essential part of the overall strategy of tire makers. While tires are still round and made of rubber, their design is constantly evolving, requiring new and innovative ways to respond. Goodyear CEO Rich Kramer calls this strategy FACE.
The company is committed to transforming the industry by embracing new technologies that enable better performance, lower fuel costs, and more sustainable production.
For example, the company recently developed a line of tyres that use soybean oil to make the tire’s rubber compound pliable. Not only does this save fuel, but it also reduces the company’s dependence on petroleum-based oils.
The Goodyear line of tyres also uses rice husk ash, a by-product of the rice-processing industry that is commonly discarded. The company uses this as a source of high-quality silica and is using it in a variety of other products.
Goodyear invests in research and development
The tiremaker has announced plans to build a highly automated production facility in Luxembourg.
The investment of $77 million is expected to create 70 new full-time jobs and produce around 500,000 tyres annually.
The company has also added a dedicated testing laboratory at the Innovation Center Luxembourg. The purpose of the new laboratory is to measure tyre development performance, perform regulatory testing, and perform quality control.
The facility features state-of-the-art testing equipment.
The new company will have eighty-four percent of Goodyear and Sumitomo shares. The company plans to use the cash it has on hand and debt, it is taking on to finance the transaction.
Despite the challenges faced, the company is confident of its premium tyres and plans to invest in research and development. The company invested in R&D when making premium tyres, and this is the reason why it has a reputation for quality products.
The company’s turnaround has continued apace. The third quarter of 2005 saw Goodyear report its highest quarterly sales ever and its largest quarterly net income since 1998. However, the turnaround wasn’t as smooth as expected.
Its shares had dipped below $4 in early 2003, putting Goodyear’s stock at a low of $4.
Despite the company’s poor performance, Keegan restructured its bank debt and stretched the company’s payments. The company’s new labor relations policies required individual workers to be responsible for quality control, involve them in problem-solving and regular communication with management.
The changes made Goodyear’s Lawton facility 50 percent more efficient and employee turnover was less than one-third of one percent.
The company operates more than 1,700 company-owned retail outlets around the world.
In addition to retail outlets, the company also provides repair services to consumers and commercial customers. Goodyear is one of the largest operators of commercial truck service centers in the world. Goodyear also owns a plant in Gadsden, Alabama, which became its largest manufacturing facility.
In 1957, the company opened a seven-square-mile tire testing facility and built 18.5 miles of multi-surface roads.
Goodyear tire has tenacious grip and responsive handling
Tires from Goodyear are consistently rated toward the top of the charts in many categories, including winter tires, all-seasons, and performance.
The best-performing Goodyear tires feature excellent all-weather performance, tenacious grip, and responsive handling.
Consumer Reports uses the tread wear test to evaluate tires, and Goodyear has a history of delivering these qualities. This article will examine Goodyear’s performance on this important criterion.
For optimum traction on dry and wet roads, Goodyear has developed the Summer Tread Design. This technology delivers biting edges that help the tire remains upright in both wet and dry conditions.
It is designed to provide superior handling at high speeds. The Goodyear Eagle(r) F1 Asymmetric 2 tire features Active Braking Technology. This feature gives the Eagle(r) F1 a superior grip on dry and wet roads.
Goodyear premium tyres cost more than budget tyres
Why do premium tyres cost more? Well, they’re designed to last longer and are made of higher-quality materials. They also provide superior performance and safety.
Compared to budget tyres, premium tyres have many benefits. In addition to being durable, premium tyres can help you avoid having to replace your tyres as often.
While budget tyres may be cheaper, they don’t offer the same high-quality braking performance, wet weather traction, tread life, and low rolling resistance as premium tyres.
However, they can still save you money in the long run as they are made with better materials, construction, and quality control. Premium tyres are worth the extra money. Although budget tyres can be suitable for older cars, budget tyres are better for cars with low mileage and low-speed.
While name brands like Goodyear premium tyres are more expensive than budget tyres, you’ll never regret the extra money.
Name brands are known for high-quality products, so they’ll likely last for many years. And, because of that, they’ll be more comfortable to drive. But do you really need to spend more money on good quality tyres?
Buying tyres is an important decision. However, it’s important to understand the differences between budget and premium tyres before making your purchase.
Whether you need a budget or premium tyres, it’s crucial that you weigh the benefits and drawbacks of all options. You’ll be surprised at how different they are! So, how do you decide which ones to buy?
While budget tyres are a great option if you’re looking for an affordable solution, a mid-range tyre will offer a perfect balance between quality and price.
Many mid-range tyres are produced by premium manufacturers. They are also made to last a long time, providing high-quality grip and increased performance.
These budget tyres are also widely available and affordable. You can find a variety of budget tyre brands through online retailers like Tyre Shopper.
Despite their higher price, Goodyear premium tyres perform better than budget tyres in several key areas.
They provide a much shorter stopping distance than budget tyres, which can help drivers react more quickly to obstacles and avoid accidents.
Additionally, they have superior wet braking performance than their budget counterparts. The ‘A’ rating on wet weather tyres is better than a C+ rating.