Pros
High-tech complicated work. Even though tires appear simple, they are probably the most complicated common engineering problem I can think of. Rubber doesn't behave nicely like steel, aluminum, or even plastic. The majority of the people here are top of their class from very prestigious schools. For fresh engineers, they will not consider anyone under a 3.5 GPA, even though they adverise for applicants down to 3.0, and you better have Formula SAE experience along with a co-op in rubber, composites, or tires.
Cons
Office is closed between Christmas and New Years, but they are not paid holidays. On top of that they force you to utilize vacation time, meaning you can not take those days unpaid. If I had known 3 out of my 10 vacation days were dictated, I would have negotiated my compensation differently. I consider it a loss of 30% of my vacation. Very annoyed.