Goodyear Tire & Rubber

Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

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Goodyear projects $400M free cash flow in 2023 amid market challenges

Goodyear projects $400 million in free cash flow for 2023 amid challenges in market demand and energy inflation. The company targets high-return projects in the Americas and Asia-Pacific with a $1 billion CapEx. Strategic focus on cost efficiency, product innovation, and leveraging Cooper and Goodyear strengths for market benefits shape Goodyear's outlook.

Goodyear projects improved Q2 performance amid industry challenges and opportunities

Goodyear anticipates a better performance in Q2 with improving demand and volume trends. The company is strategically managing costs and pricing strategies to enhance profitability. Strong integration outcomes and positive industry positioning are key highlights.

Goodyear faces challenges from channel destocking but sees growth opportunities

Goodyear's Q2 2023 Earnings Call highlighted challenges from channel destocking and volume weakness, offset by positive OE business performance in key markets. The company faces industry and market dynamics impacting consumer and commercial replacement volumes, particularly in Europe. Strategic reviews and a focus on maintaining pricing amid raw material cost fluctuations demonstrate proactive measures to navigate uncertainties and drive growth.

Goodyear plans strategic review amid focus on premium market segment

Goodyear Tire & Rubber's Q3 2023 Earnings Call highlighted a proactive approach to addressing risks and uncertainties, with a focus on operational efficiency and the premium market segment. While challenges in European business performance and restructuring efforts were noted, opportunities for growth and cost savings were also identified.

Goodyear Tire & Rubber reports stable market share and strategic focus

Goodyear Tire & Rubber's Q4 earnings call highlighted stable market share, strategic focus on cost efficiency, and execution of the Goodyear Forward plan. The new CEO's leadership direction and CFO's insights on market performance and future growth underscore a commitment to operational excellence. Analyst inquiries and strategic adjustments in CapEx and restructuring spending indicate a proactive stance towards addressing challenges and capitalizing on opportunities.

Goodyear reports solid Q3 performance amidst financial challenges and opportunities

Goodyear's Q3 performance reflects a mix of strengths, challenges, and opportunities in its financial outlook and operational strategies.
The company's focus on margin expansion, premium offerings, and cost-saving initiatives align with its long-term profitability goals.
While facing challenges like debt repayment and restructuring costs, Goodyear is poised to leverage opportunities for growth and efficiency.
Strategic initiatives, strong retail performance, and a resilient cash flow outlook position Goodyear for continued financial stability and potential expansion.

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Goodyear Tire & Rubber Co. engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America. The Europe, Middle East, and Africa segment focuses on the development, manufacture, distribution, and sale of tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving, mining, and industrial equipment throughout Europe, the Middle East, and Africa. The Asia Pacific segment refers to the development, manufacture, distribution, and sales of tires for automobiles, trucks, buses, aircraft, farm, earthmoving, mining, and industrial equipment throughout the Asia Pacific region. The company was founded by Frank A. Seiberling on August 29, 1898 and is headquartered in Akron, OH.

AKRON, Ohio , Feb. 5, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report fourth quarter and full-year 2023 financial results after market close on Monday, Feb. 12, followed by an investor conference call at 8:30 a.m. EST on Tuesday, Feb. 13.

GOODYEAR TO ANNOUNCE FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS

The Goodyear Tire and Rubber Company NASDAQ: GT shareholders have breathed a sigh of relief with the events of the past few months, which include a new CEO who has the backing of activist shareholder firm Elliott Management. The sentiment is more bullish this time around with the normalization of rubber prices.

Goodyear Tires can benefit from EVs, but not how you may think

AKRON, Ohio , Feb. 1, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Greg Shank has been named senior director of Investor Relations. He reports to Christina Zamarro, executive vice president and Chief Financial Officer.

GOODYEAR NAMES GREG SHANK SENIOR DIRECTOR OF INVESTOR RELATIONS

The Goodyear GP-3E tire is rated for E-3, L-3 and G-3 loads and balances treadwear and traction to get the tough jobs done AKRON, Ohio , Jan. 31, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) recently launched the GP-3E tire line to add to the Goodyear Off-the-Road (OTR) portfolio. The GP-3E line is a general purpose OTR tire offered in several sizing options that features specially formulated tread compounds engineered to support longer wear and advanced abrasion resistance for various types of underfoot conditions.

GOODYEAR ANNOUNCES THE GP-3E OFF-THE-ROAD TIRE WITH A NEW VERSATILE TREAD DESIGN FOR WHEEL LOADERS, GRADERS AND ARTICULATED DUMP TRUCKS

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Why Fast-paced Mover Goodyear (GT) Is a Great Choice for Value Investors

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Goodyear Tire & Rubber Co announced on Thursday the appointment of Stellantis NV (NYSE:STLA, EPA:STLA) executive Mark Stewart as the company's new president and CEO, effective January 29, 2024.  The move comes following a pressure campaign by shareholder activist Elliott Investment Management, Bloomberg reported.

Goodyear names Stellantis exec Mark Stewart as its new CEO

Stellantis N.V. 

Goodyear Tire & Rubber Co named Stellantis executive Mark Stewart as its CEO on Thursday, who will succeed long-time top boss Richard Kramer.

Goodyear Tire names Stellantis' Mark Stewart as top boss

Kramer to Retire as Chairman, CEO and President Laurette Koellner, Independent Lead Director, Named Board Chair AKRON, Ohio , Jan. 18, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Mark Stewart has been elected Chief Executive Officer and President, effective January 29, 2024. He will succeed Richard J.

GOODYEAR ANNOUNCES SENIOR LEADERSHIP TRANSITION: MARK STEWART TO SUCCEED RICH KRAMER AS CEO

Goodyear Tire & Rubber Co is expected to name Stellantis executive Mark Stewart as its new CEO following a pressure campaign by activist investor Elliott Investment Management L.P. , Bloomberg News reported on Wednesday.

Goodyear to name Stellantis exec Mark Stewart as new CEO - Bloomberg News

GOODYEAR, Ariz. & AVONDALE, Ariz.--(BUSINESS WIRE)--SpeedPro, a leading provider of best-in-class large format printing and graphics, proudly announces the grand opening of its newest studio in the Arizona area. This strategic expansion brings SpeedPro's unparalleled large format printing expertise to the heart of the Goodyear, Avondale, Buckeye, and Tolleson region, catering to the diverse needs of local businesses and organizations. Owned and operated by the dynamic husband-wife duo, Derek an.

SpeedPro Expands Presence with New Goodyear-Avondale Studio in Arizona

Goodyear (GT) collaborates with TDK to expedite the development and adoption of tire intelligence technology.

Goodyear (GT) & TDK to Develop Tire Intelligence Technology

Goodyear Tire and self-driving trucking company Gatik are using tire technology to improve autonomous-driving systems.

Self-Driving Trucks and Smart Tires Are a Good Deal for Goodyear

AKRON, Ohio--(BUSINESS WIRE)--The Goodyear Tire & Rubber Company, a leader in connected mobility, and Gatik (Gatik AI, Inc.), the leader in autonomous middle mile B2B logistics, announced the expansion of the industry's first, successful integration of tire intelligence technology into an autonomous driving system. Gatik's autonomous fleet, consisting of Class 3–7 box trucks, has made significant strides in enhancing the safety, accuracy and overall performance of autonomous vehicles (AVs).

Goodyear and Gatik Further Advance Safety of Autonomous Vehicles With Tire Intelligence Integration

The two companies aim to develop a collection of sensors and related technologies for use in vehicles and tire applications AKRON, Ohio , Jan. 9, 2024 /PRNewswire/ -- TDK Corporation (TSE 6762) and The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a collaboration to advance next-generation tire solutions with the goal of accelerating the development and adoption of integrated intelligent hardware and software into tires and vehicle ecosystems. Together, the organizations plan to bring a robust tire sensing system to market, combining TDK's software, sensor and electronic component expertise with Goodyear's know-how in tire development, intelligent solutions and industry trends.

TDK AND GOODYEAR ANNOUNCE COLLABORATION TO ADVANCE TIRE INTELLIGENCE TECHNOLOGIES

New Goodyear® ElectricDrive™ 2 is built for electric vehicles and designed to deliver upgraded all-season traction and long-lasting tread life AKRON, Ohio, Jan. 9, 2024 /PRNewswire/ -- At CES® 2024, The Goodyear Tire & Rubber Company (NASDAQ: GT) unveiled the latest tire in the ElectricDrive™ family: The Goodyear® ElectricDrive™ 2, an all-season electric vehicle (EV) tire enhanced with sustainable materials1, improved rolling resistance2 and long-lasting tread life to maximize drivers' EV performance. The new ElectricDrive™ 2 is the latest step in Goodyear's sustainability maturity and contains at least 50% sustainable materials per tire by weight1, 3.

GOODYEAR INTRODUCES GOODYEAR® ELECTRICDRIVE™ 2 WITH ELEVATED PERFORMANCE CAPABILITY AND SUSTAINABLE MATERIALS

Integration of Goodyear SightLine and ZF cubiX explores new safety features and enhanced driving dynamics Collaboration named a CES 2024 Innovation Award Honoree AKRON, Ohio and FRIEDRICHSHAFEN, Germany , Jan. 9, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company, a global leader in connected mobility, and ZF, a global leader in vehicle systems and industrial technology, announced successful integration of tire intelligence technologies with vehicle motion control software.   The collaboration delivers Goodyear SightLine,* a suite of tire intelligence technologies, into the ZF cubiX®** ecosystem, a scalable vehicle motion control software that coordinates all dimensions of vehicle dynamics.

GOODYEAR AND ZF COLLABORATE TO IMPROVE VEHICLE MOTION CONTROL WITH TIRE INTELLIGENCE

Integrating tire intelligence powered by Goodyear SightLine into advanced anti-lock brake systems has the potential to reduce stopping distance by nearly six feet AKRON, Ohio , Jan. 9, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company, a leader in connected mobility, and TNO, a Dutch research organization, have showcased new possibilities for enhancing vehicle safety by integrating tire intelligence technology into the anti-lock brake system (ABS) controller of a test vehicle.   The ABS is an important safety component in modern vehicles designed to help the driver maintain steering control while braking.

GOODYEAR AND TNO ENABLE SAFER MOBILITY WITH TIRE INTELLIGENCE

Intelligent tire data allows for safer, more predictable and efficient autonomous vehicle performance AKRON, Ohio , Jan. 9, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT), a leader in connected mobility, and Gatik (Gatik AI, Inc.), the leader in autonomous middle mile B2B logistics, announced the expansion of the industry's first, successful integration of tire intelligence technology into an autonomous driving system. Gatik's autonomous fleet, consisting of Class 3–7 box trucks, has made significant strides in enhancing the safety, accuracy and overall performance of autonomous vehicles (AVs).

GOODYEAR AND GATIK FURTHER ADVANCE SAFETY OF AUTONOMOUS VEHICLES WITH TIRE INTELLIGENCE INTEGRATION

For the eighth year, Goodyear honors the two Goodyear Cotton Bowl Classic teams with intricately designed, handcrafted sculptures made entirely from Goodyear branded tires AKRON, Ohio , Dec. 27, 2023 /PRNewswire/ -- Today, The Goodyear Tire & Rubber Company welcomed The Ohio State University's Brutus Buckeye and the University of Missouri's Truman the Tiger to its elite lineup of larger-than-life tire art sculptures handcrafted annually for the 88th Goodyear Cotton Bowl Classic. Collectively, these intricate, Goodyear tire-fabricated sculptures stand between six and seven feet tall and weigh 385 pounds.

GOODYEAR CELEBRATES THE OHIO STATE UNIVERSITY AND THE UNIVERSITY OF MISSOURI'S ROAD TO THE 88TH GOODYEAR COTTON BOWL CLASSIC WITH MASCOT TIRE ART TRADITION

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Goodyear's (GT) Cooper Tire buyout, forward transformation plan, strategic EMEA restructuring and leadership position in electric mobility are major tailwinds.

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