Hankook Tire has announced the establishment of a corporate governance charter to enhance transparent ESG management and to lay the groundwork for the company’s sustainable business. The company said in a statement that the charter was approved at the board meeting held on May 9. 

The corporate governance charter will ensure professionalism and independence of the board and promote the rights and interests of all stakeholders including shareholders, consumers, and members. It contains regulations on the rights and responsibilities of shareholders, roles and operations of the board, a structure of audit institutions, protection of rights of stakeholders, and disclosure. The content will be accessible to all shareholders on Hankook Tire’s official website as well as on Korea’s Financial Supervisory Service’s (FSS) Data Analysis, Retrieval and Transfer System (DART), the release said. 

Last July, the ESG committee was launched within the board of directors to strengthen the company’s ESG management strategies and activities. Currently, five operating units are affiliated within the board including the ESG committee, audit committee, outside director nomination committee, sustainable management committee, and internal transaction committee. 

The company said in an effort to enhance the expertise and function of the board, the committee has been set to consist of three or more directors, with a majority of its members from outside the board. In the case of the ESG committee, Mira Lee, a female leader with extensive experience in corporate governance practices from global companies such as General Electric (GE) and Macquarie Group, was selected as the first chairman. The committee, including the chairperson, is consisted of seven inside and outside directors. 

Sooil Lee, President and CEO of Hankook Tire & Technology, said, “Hankook Tire has met many milestones in fulfilling its responsibilities and roles as a top-tier ESG company, and is saving no efforts to reach sustainable growth in areas of economy, environment, and society. Following the enactment of the charter, Hankook Tire plans to establish sound governance with objectivity and transparency, and strengthen its ESG leadership.” 

Hankook has been improving its ESG capabilities by not only setting up the ESG committee but also by sharing its vision of sustainability and publishing its annual ESG Report since 2010, the release pointed out. Hankook earned the highest score in the auto components group in the Dow Jones Sustainability Indices (DJSI) World, and was included in the DJSI World for the past six years starting from 2016, it added. (TT)

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Goodyear Tire & Rubber Company reported lower second-quarter 2026 sales and earnings as weaker tyre volumes, higher tariffs and inflation weighed on performance, although the company said market conditions showed signs of stabilising and original equipment (OE) market share improved across all regions.

Net sales fell 4.8 percent year on year to USD 4.3 billion, while tyre unit volume declined 4.0 percent to 36.5 million units. On an organic basis, sales were down 1.4 percent, primarily due to lower volumes. The company said the decline improved from the 12 percent year-on-year volume drop recorded in the first quarter as destocking pressures eased.

Goodyear reported a net loss of USD 204m, compared with net income of USD 254 million, in the same period last year. Adjusted net loss widened to USD 177 million, from USD 48 million a year earlier.

Segment operating income declined to USD 36 million from USD 159 million in the second quarter of 2025. Excluding the impact of divestments, operating income fell by USD 79 million, reflecting lower volumes, higher tariffs and other costs, and inflation. These factors were partly offset by favourable price and product mix relative to raw material costs, together with USD 95 million of benefits from the company's Goodyear Forward programme.

"We delivered second quarter results in line with our expectations, reflecting continued improvement in Asia Pacific and EMEA," said Mark Stewart, Chief Executive Officer and President.

"We're taking actions to improve performance in a competitive environment by strengthening our product lineup, building on original equipment growth across regions, and optimising our manufacturing footprint. These actions are designed to strengthen our competitive position and deliver stronger profitability over time."

In the Americas, second-quarter sales declined 10.5 percent to USD 2.4 billion, while tyre unit volume fell 8.7 percent. Replacement volumes dropped 13.0 percent, although OE volumes increased 8.7 percent as the company gained market share. The Americas business reported a segment operating loss of USD 10 million, compared with operating income of USD 141 million a year earlier.

The company said its planned closure of the Fayetteville, North Carolina facility is expected to improve Americas segment operating income by about USD 90 million in 2027 and approximately USD 270 million annually from 2028 as part of its manufacturing footprint optimisation strategy.

In Europe, Middle East and Africa (EMEA), sales increased 2.1 percent to USD 1.4 billion, supported by favourable pricing, product mix and currency, despite lower tyre volumes. Segment operating loss improved to USD 17 million from USD 25 million in the previous year.

The Asia Pacific business delivered the strongest regional performance, with sales rising 8.1 percent to USD 496 million and tyre unit volume increasing 5.3 percent. Segment operating income rose to USD 63 million, up from USD 43 million a year earlier, supported by stronger demand, favourable price and mix, and benefits from the Goodyear Forward programme.

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Giti Tire has characterised the upcoming Euro 7 emissions framework as a validation of its existing research trajectory rather than a disruptive regulatory hurdle. Historically, tyre assessments have centred on criteria such as vehicular handling, tread life and fuel economy. The updated European standards introduce a novel parameter by capping particulate matter generated from tyre degradation, thereby acknowledging this source as a major contributor to roadside pollution.

The Singaporean manufacturer, drawing upon more than seven decades of technical experience, has maintained that optimal tyre design necessitates a holistic approach. Engineering teams at the company have long prioritised the synchronisation of tread geometry, rubber chemistry and production accuracy to achieve equilibrium between conflicting demands. Present-day products are expected to deliver secure wet-weather traction, energy-saving rolling resistance, passenger comfort and sustained endurance, all while curtailing material loss over the product's usable life.

Giti’s role as an original equipment partner to global vehicle producers, including German and Chinese automotive leaders, has provided practical insight into the rigorous specifications of contemporary mobility. The company perceives the harmonised testing protocols under Euro 7 as a constructive force that stimulates technological advancement across the supply chain. By establishing clear abrasion thresholds, the legislation motivates engineers to pursue solutions that diminish ecological footprints without sacrificing the protective and responsive qualities that motorists rely upon.

Ongoing internal programmes at Giti are concentrating on next-generation elastomer blends, refined surface patterning, friction reduction for improved efficiency, extended product durability and tighter quality controls during fabrication. These developmental efforts are intended to concurrently address environmental concerns and consumer performance expectations. As the regulatory landscape evolves, the firm remains dedicated to fundamental research that supports sustainable transportation, viewing the Euro 7 mandate as a progressive milestone that reinforces its commitment to future-ready tyre engineering.

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Prometeon Tyre Group has marked a significant advancement in its enduring technical alliance with MM Technology following the unveiling of the Czech firm’s latest rally competition truck, the MMT EVO5. As a global manufacturer of tyres for commercial, agricultural and off-the-road sectors, Prometeon continues to solidify its role as a key partner in high-performance motorsport engineering.

The MMT EVO5 emerges as the newest iteration of MM Technology’s rally truck lineage, incorporating direct feedback and performance data from this year’s Dakar Rally. The company, co-founded by two-time Dakar champion Martin Macík Jr, has integrated reinforced chassis components, a more robust cab structure and a newly developed shock absorber setup. These enhancements were formulated through close collaboration with suppliers, reflecting the real-world experience of both the factory team and client squads.

As the exclusive original equipment tyre supplier, Prometeon equips every rally truck produced at MM Technology’s Sedlčany facility. This partnership underscores a mutual dedication to research and development, with the joint engineering programme driving the evolution of Prometeon’s rally tyre range. The progression from the extreme-condition S02 Pista to the current S02 Rally EVO demonstrates this continuous refinement, representing the manufacturer’s most advanced competition tyre to date.

The effectiveness of this collaboration was prominently displayed at the 2026 Dakar Rally, where nine MM Technology trucks entered and eight finished, with six securing top-10 overall positions. Both the MM Technology Factory Team and the ItalTrans Racing Team, running on Prometeon tyres, concluded the event within the overall top nine. Recent intensive testing in the Tunisian desert has further informed ongoing developments for both tyres and the new vehicle. Ultimately, motorsport remains a critical testing ground for Prometeon, where every race kilometre contributes directly to the advancement of future commercial products.

Francisco Nascimento, Head of R&D Product at Prometeon, said, "Our collaboration with MM Technology goes far beyond a technical partnership. It is a genuine joint development programme built around continuous innovation. Having one of the world's leading rally truck manufacturers choose Prometeon as its exclusive original equipment tyre supplier is a source of great pride and enables us to develop our products in the most demanding environments imaginable.

“Martin Macík Jr is an exceptional development driver whose feedback constantly pushes us to raise the bar. Together with the expertise of the MM Technology engineering team and our drive for innovation, we are even more confident in the capabilities of our latest generation of tyres, and are proud to see them fitted as original equipment on the new MMT EVO5 as it embarks on its competitive journey.”

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Pirelli has designated the SC0 rear tyre as the new benchmark for Moto2 as the MotoGP World Championship resumes its season this weekend at Silverstone for the 12th round. The Italian manufacturer is supplying its standard range compounds for both support classes, with the updated SC0 making a notable return to the British circuit following its successful evaluation there last year.

The 2026-spec soft rear tyre, which initially debuted as a development prototype, features an altered structure from its predecessor and was universally embraced by competitors during practice sessions, even contributing to a new lap record. Its promotion to the standard lineup sees it joined at the rear by the new medium SC1 compound, formerly a development specification, while front tyre duties are covered by the soft SC1 and the medium SC2 options.

Silverstone presents a formidable technical challenge as the longest venue on the calendar at 5.9 kilometres, demanding exceptional machine and rider performance through high-speed corners and rapid directional shifts. The circuit’s low-abrasion surface and notably wide racing corridor allow for varied lines, adding another layer of strategic complexity to the already fast-paced weekend.

In the Moto3 class, Pirelli has made available the soft SC1 and medium SC2 compounds for both front and rear positions. The majority of the field last year favoured the medium SC2 at both ends, a choice that propelled José Antonio Rueda to victory from the back of the grid, though a segment of riders alternatively selected the softer SC1 option for their machines.

Giorgio Barbier, Pirelli Motorcycle Racing Director, said, “For this weekend's round at Silverstone, one of the most iconic and technically demanding circuits on the World Championship calendar, Pirelli will once again provide standard range tyres for both classes, featuring the rear soft SC0 compound that made its Moto2™ debut at this very circuit last year as the E0125 development option. The E0125, which complemented the then standard soft tyre, was immediately appreciated by the intermediate class riders, who, on a highly demanding circuit characterised by numerous high-speed corners and changes of direction where stability is essential, focused exclusively on this new solution from Friday onwards.

“Introduced again at subsequent events, the former E0125 quickly became the Moto2™ riders' benchmark, offering greater stability, outright one-lap performance and consistent performance across a wide variety of weather and track conditions. As a result, it was promoted to the new standard soft tyre for this season. More than a year after its debut, and thanks to the significant development work carried out by the teams during this period, the SC0 has already contributed to numerous lap records this season. Weather conditions permitting, it will therefore be interesting to see whether Silverstone can deliver further progress compared with last year's benchmark.”

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