Goodyear Tire & Rubber Company has finalised the sale of its Dunlop brand rights across Europe, North America and Oceania to Sumitomo Rubber Industries for USD 735 million, the American tyre manufacturer said.

The transaction, which became effective on May 7, includes consumer and commercial tyre rights, alongside certain intellectual property and inventory assets.

The deal forms part of Goodyear's ongoing transformation strategy, which executives have dubbed "Goodyear Forward", aimed at streamlining operations and reducing the company's debt burden.

"The sale of the Dunlop brand is another action that advances Goodyear Forward by optimizing our portfolio, reducing leverage and sharpening our focus on our core portfolio of brands," said Goodyear Chief Executive Officer and President Mark Stewart.

"Goodyear is making significant progress, transforming our operations and growing in our targeted segments, and I am confident in our ability to continue delivering on our objectives," he added.

The transaction's gross proceeds comprise USD 526 million for the Dunlop brand rights, USD 105 million for transition support and USD 104 million for inventory.

Goodyear said it intends to use the proceeds to reduce its debt as part of its broader transformation plan.

Goldman Sachs served as lead financial adviser on the deal, with Barclays Capital and law firm Cleary Gottlieb Steen & Hamilton also advising Goodyear.

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Bridgestone India has presented the European Alignment Certificate to the Automotive Research Association of India (ARAI), recognising the successful completion of their Rolling Resistance (RR) Lab Alignment. The certificate was presented to Dr Reji Mathai, Director of ARAI, by Rajarshi Moitra, Deputy Managing Director of Bridgestone India, during a ceremony attended by senior leaders from both organisations.

This milestone strengthens the partnership between Bridgestone and ARAI, India’s leading automotive R&D institution for testing and standardisation. Rolling resistance plays a crucial role in enhancing fuel efficiency, aligning with both organisations’ commitment to advancing tyre technology. The certification underscores their shared dedication to fostering innovation, improving testing capabilities and promoting sustainable mobility solutions in India.

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Yokohama Rubber has been recognised for its sustainability leadership with continued inclusion in three prestigious FTSE Russell ESG indexes. The company marks its 21st consecutive year on the FTSE4Good Index Series, a global benchmark for responsible investing. Additionally, it maintains its ninth straight year on the FTSE Blossom Japan Index and fourth year on the FTSE Blossom Japan Sector Relative Index – both key indicators of Japanese ESG excellence endorsed by Japan's Government Pension Investment Fund (GPIF).

These indexes, developed by London Stock Exchange Group's FTSE Russell, help investors identify companies with strong environmental, social and governance (ESG) performance. Yokohama Rubber's sustained inclusion reflects its long-term commitment to sustainable business practices.

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The fourth round of the 2025 Lamborghini Super Trofeo Asia Series, a racing competition hosted by Italian supercar brand Automobili Lamborghini S.p.A and powered by Hankook Tire, will take place from 18 to 20 July at INJE SPEEDIUM in Gangwon Province. As the exclusive tyre supplier, Hankook Tire continues to elevate Korean motorsports through its partnership with Lamborghini, showcasing its high-performance Ventus racing tyres on the Huracán Super Trofeo EVO2.

The 3.91-km INJE SPEEDIUM circuit, featuring 19 corners and a 40-metre elevation change, demands exceptional tyre performance under extreme conditions, including high-speed straights and scorching summer temperatures. Hankook’s Ventus tyres are engineered to deliver superior grip, durability and heat resistance, ensuring peak performance in challenging racing environments.

Beyond the races, Hankook will host the ‘Ventus Experience’, inviting European automotive influencers to test the Ventus Super Sports line and explore its advanced R&D facilities.

The 2025 Lamborghini Super Trofeo spans Asia, Europe and North America, with six rounds per series. Top contenders will advance to the Grand Final in Misano, Italy, this November, competing for the season championship.

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Vaculug, Europe’s largest independent tyre retreader, has reached out to the Net Zero All-Party Parliamentary Group (APPG) to offer its expertise in supporting the UK’s transition to net zero. In a formal letter, the company expressed its commitment to advancing sustainable transport solutions through its circular economy approach to tyre retreading.

As a leader in emission reduction, Vaculug highlighted how its retreading process significantly cuts waste and lowers the carbon footprint of commercial fleets. The company believes its scalable, eco-friendly solutions can play a key role in helping the UK meet its climate targets.

Vaculug has invited collaboration with the APPG to demonstrate how retreading supports sustainable transport and contributes to a greener future. The company looks forward to further discussions on how it can assist in the nation’s net zero transition.

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