Hankook has published its 2024 financials with consolidated global sales of EUR 6,380.7 million, compared to EUR 6,329.5 million in 2023. Operating profit increased by 5.3 percent to EUR 1,194.6 million (2023: EUR 940.1 million) in 2024.

The sale has been finalised after receiving the necessary regulatory approval. The divestiture is part of Goodyear’s plan to cut costs by streamlining its business operations.

Closure is part of broader efficiency drive.

X Multi tyres in sizes 315/70 R 22.5 and 215/80 R 22.5 can now get a second retread, extending its service life and reducing operators’ costs.

After a downturn in wheel demand in Europe, Accuride Wheels Europe & Asia GmbH, a subsidiary of the U.S.-based Accuride Corp, filed for insolvency on February 5, 2025, at the Wuppertal District Court in Germany.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

Maxion announced that, upon Neto’s appointment, Ralf Duning, who served ten years as vice president of global engineering, will retire from the company.

The RFID tags are embedded into the sidewalls of its tyres, enabling comprehensive life-cycle monitoring and enhanced traceability.

Goodyear has been the preferred supplier to Wabash for over fifteen years.

Expected to begin operation in 2026, the 753,000 square foot Dallas-Fort-Worth-Metroplex has the capacity to store 800,000 tyres.

Two of its French plants – one in Cholet, the other in Vannes – will see a gradual winding down of production before their eventual closure by 2026 at the latest.

The new product portfolio aims to meet the main needs of independent truck drivers and small and medium-sized fleets in the country that operate regional cargo and passenger transportation services.