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.

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AKRON, Ohio, Oct. 14, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the launch of its RT-3B bead-to-bead retread. The new retread provides all-around performance on an array of underfoot conditions for loaders and graders and complements its existing lineup of premium off-the-road (OTR) retread tires.

Goodyear Off-The-Road Expands Retread Lineup To Include RT-3B

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Abercrombie & Fitch Co (NYSE: ANF) and GXO Logistics Inc (NYSE: GXO) agreed to open a new 715,000 square-foot distribution center in Goodyear, Arizona. The highly automated facility will serve as Abercrombie & Fitch's new hub for its West Coast operations when it becomes fully operational in late 2021.

GXO, Abercrombie & Fitch To Open Distribution Center In Goodyear, Arizona

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Tires are a critical part of the ultimate functionality of assisted and automated driving technology, so Goodyear has invested in Gatik and partnered to test smart tires.

Goodyear Invests In Gatik And Tests Smart Tires On Automated Trucks

AKRON, Ohio, Oct. 5, 2021 /PRNewswire/ -- On the heels of National Truck Driver Appreciation Week, The Goodyear Tire & Rubber Company (NASDAQ: GT) is opening a call for nominations for its 2020-2021 Highway Hero Award. From now through Dec. 31, 2021, you can nominate a professional truck driver who has acted selflessly for the good of others on the highways across North America.

Goodyear Is Looking For Highway Heroes

FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire's Roadmaster brand has a new tire in its commercial long-haul lineup – the Roadmaster RM832+ EM™ steer tire. The new tire is SmartWay Verified and features 18/32nds of tread depth, along with a wide footprint, to help distribute weight more efficiently and ultimately improve treadwear. In addition, it features a patent-pending decoupling rib, which promotes even wear on long-haul journeys and helps give the tire added durability against curbing when d

Cooper Tire Announces New Roadmaster® Steer Tire for Long-Haul Fleets

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Goodyear and autonomous trucking company Gatik have forged a multi-year collaboration to advance the development of mobility solutions for the driverless B2B short-haul logistics industry.  Under the collaboration, Goodyear Ventures participated in Gatik's recently announced Series B funding, and the companies will work on multiple innovative projects together.

Goodyear-Gatik Partnership Pairs Connected Smart Tires With Autonomous Trucks

The latest deal will use Goodyear's (GT) advanced tire intelligence solutions to help reduce fuel and maintenance costs, while improving the vehicle performance and safety for Gatik's customers.

Goodyear (GT), Gatik Seal Deal for Autonomous Middle-Mile Segment

Goodyear Tire & Rubber Co (NASDAQ: GT) has announced a multi-year collaboration with Gatik  to advance mobility solutions for the autonomous B2B short-haul logistics industry. Under the collaboration, Goodyear's venture capital fund, Goodyear Ventures, has participated in Gatik's recently announced Series B funding.

Goodyear Invests In Autonomous Trucking Company Gatik

When middle-mile autonomous vehicle company Gatik closed an $85 million Series B funding round last month, the announcement came with the news that “several strategic investors” had participated in the round. On Tuesday, Gatik revealed that Goodyear Ventures, Goodyear's (NASDAQ: GT) venture capital fund, participated in the new funding round and announced it would collaborate with the tire maker as it develops its autonomous middle-mile vehicle.

AV company Gatik taps Goodyear for intelligent tire technology

AKRON, Ohio and PALO ALTO, Calif., Sept. 28, 2021 /PRNewswire/ -- Goodyear (NASDAQ: GT) and Gatik today announced a multi-year collaboration with a goal to advance the development of mobility solutions for the autonomous B2B short-haul logistics industry.

Goodyear Invests In Autonomous Trucking Company Gatik And Collaborates To Enhance Safety And Efficiency For Autonomous Middle Mile Logistics

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BRUSSELS, Sept. 22, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced it will adopt 100% renewable energy at its Goodyear plants across Europe and Turkey* in the first of a multiple-phase plan to procure 100% renewable energy in all its facilities across Europe, Middle East and Africa by the end of 2022.

Goodyear Opts For Renewable Energy In European And Turkish Plants

AKRON, Ohio, Sept. 21, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company ("Goodyear") (NASDAQ: GT) today announced that its European subsidiary, Goodyear Europe B.V.

Goodyear Announces Pricing Of €400 Million European Senior Notes

Goodyear Tire & Rubber Co's (NASDAQ: GT) European subsidiary, Goodyear Europe B.V. (GEBV), has commenced a private offering of €300 million of senior notes due 2028.

Goodyear Plans To Raise €300M Via Debt Offering

AKRON, Ohio, Sept. 20, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company ("Goodyear") (NASDAQ: GT) today announced that its European subsidiary, Goodyear Europe B.V.

Goodyear Announces Offering Of €300 Million European Senior Notes

Replacement sales volumes now above pre-Covid levels in US. Inventories are still incredibly low worldwide.

Goodyear Tire Update: Extremely Bullish Management Presentation. Analyst Earnings Estimates Need To Go Much Higher

Goodyear has announced it will offer customized leasing options for its Goodyear CheckPoint drive-over reader device, a press release says. The new leasing options will make Goodyear CheckPoint a more accessible program, allowing it to be available for any Goodyear national account fleet in the U.S. and Canada.

Goodyear to Customize Tire CheckPoint Reader for Fleet Use

AKRON, Ohio, Sept. 14, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it will now offer customized leasing options for Goodyear CheckPoint, a drive-over-reader device that automatically inspects tire pressure and tread depth and sends actionable insights to fleet managers.

Goodyear Launches New Purchase Options To Bring Automated Tire Inspection Technology To Fleets Across North America

Pricing remains firm, more than offsetting cost increases. Margins recovering even before the benefit of Cooper Tire.

Goodyear Tire: It's Going To Be A Very Good Year

AKRON, Ohio, Sept. 8, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today said it will webcast its presentation during the Morgan Stanley Laguna Investor Conference on Sept.

Goodyear To Present At Morgan Stanley Virtual Investor Conference

FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire today announced that its Cooper® Endeavor™ and Endeavor Plus™ tires for cars, SUVs, and pickup trucks, respectively, are now available for consumer purchase from participating dealers nationwide. Designed to get drivers to their destinations reliably and safely, the two new tires offer a mix of wet performance, strong handling, and a long tread life for peace of mind in a variety of on-road conditions. The Endeavor line provides a lengthy 65,000-mile

News for Goodyear Tire & Rubber Stock (GT)