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.

Goodyear (GT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Goodyear (GT) Beat Estimates Again in Its Next Earnings Report?

Goodyear Tire & Rubber Co (NASDAQ: GT) has developed a non-pneumatic (airless) tire (NPT) and wheel assembly to support autonomous vehicle transportation in a city setting for in-field use with the Jacksonville Transportation Authority (JTA). Goodyear and Local Motors have tested an Olli shuttle supported by the NPT for the past three years.

Goodyear Develops Airless Tire For Autonomous Vehicle Transportation

AKRON, Ohio, July 13, 2021 /PRNewswire/ -- In an industry first, Goodyear (NASDAQ: GT) has developed a non-pneumatic (airless) tire (NPT) and wheel assembly to support autonomous vehicle transportation in a city setting for in-field use with the Jacksonville Transportation Authority (JTA). For the past three years, Goodyear and Local Motors have tested an Olli shuttle supported by the NPT at Goodyear testing facilities and other locations reaching several performance targets with respect to load, speed and durability.

Goodyear Airless Tire First on Autonomous Shuttles

AKRON, Ohio, July 13, 2021 /PRNewswire/ -- The Manufacturing Institute (MI) will honor two Goodyear associates and one Cooper Tire associate at the 2021 Science, Technology, Engineering and Production (STEP) Ahead Awards gala in Washington, D.C. on November 4.

Three Goodyear And Cooper Tire Associates Receive Manufacturing Institute Honors

AKRON, Ohio, June 17, 2021 /PRNewswire/ -- Prashanth Mahendra-Rajah, senior vice president, finance and chief financial officer of Analog Devices, Inc., has been elected to the board of directors of The Goodyear Tire & Rubber Company (NASDAQ: GT). "We are pleased to welcome Prashanth Mahendra-Rajah to the Goodyear Board of Directors," said Goodyear chairman, chief executive officer and president Richard J.

Prashanth Mahendra-Rajah Elected To Goodyear Board

AKRON, Ohio, June 16, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT), a leader in connected mobility, today announced the first tire intelligence solution for cargo van fleets, Goodyear SightLine.  Goodyear SightLine will help enable seamless, safe and reliable mobility for all vehicles starting with cargo vans serving the field service, construction and last-mile delivery industries.

Goodyear SightLine First Intelligent Tire Solution For Last-Mile Delivery

Goodyear's (GT) acquisition of Cooper unites two complementary brand portfolios, thus providing an enhanced offering across the value spectrum.

Goodyear (GT) Solidifies Position in Tire Market on Cooper Buyout

Malaysia's Industrial Court has ruled in favor of over a hundred migrant workers in a labor dispute against American tire manufacturer Goodyear Tire & Rubber Co, court documents showed on Thursday, amid accusations of unpaid wages and employee mistreatment at the firm's Malaysian factory.

U.S. tire maker Goodyear loses dispute against foreign workers in Malaysia

AKRON, Ohio, June 9, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today said it will webcast its presentation during the Deutsche Bank Global Auto Industry Conference on June 16, 2021. Darren R.

Goodyear to Present at Deutsche Bank Virtual Investor Conference

Cooper Tire & Rubber

SelectQuote

NEW YORK, June 7, 2021 /PRNewswire/ -- SelectQuote Inc. (NYSE:SLQT) will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 10. S&P MidCap 400 constituent The Goodyear Tire & Rubber Co. (NASDAQ: GT) has acquired Cooper Tire & Rubber Company in a deal that was completed today.

SelectQuote Set to Join S&P SmallCap 600

AKRON, Ohio, June 7, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (Nasdaq: GT) today announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalizing the merger agreement made public on February 22.  The combination unites two leading tire companies with complementary product portfolios, services and capabilities to create a stronger U.S.-based leader in the global tire industry.

Goodyear Completes Acquisition of Cooper

AKRON, Ohio, June 2, 2021 /PRNewswire/ -- For the first time in six years, the Goodyear Blimp will return to EAA AirVenture Oshkosh this summer. Wingfoot Three's appearance marks the 50th anniversary of the first visit by a Goodyear Blimp to what has become the world's largest airshow.

Goodyear Blimp Returns To EAA AirVenture Oshkosh Airshow

AKRON, Ohio, June 2, 2021 /PRNewswire/ -- The Goodyear Foundation (Goodyear) is committing $1.6M to The University of Akron (UA) for a new program designed to increase job readiness training for underserved students called The Driving Opportunity Scholars Program. Goodyear's gift will support full tuition and fees scholarships for 15 undergraduate students over the next three years with the first five beginning this fall.

Goodyear, University Of Akron Set To Drive Opportunity For Local Students

American tire manufacturer Goodyear Tire & Rubber Co is facing accusations of unpaid wages, unlawful overtime and threats to foreign workers at its Malaysian factory, according to court documents and complaints filed by workers.

Exclusive-U.S. tyre maker Goodyear faces allegations of labour abuse in Malaysia, documents show

Goodyear (GT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Goodyear (GT) Upgraded to Buy: Here's Why

AKRON, Ohio, May 24, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its annual report on corporate responsibility performance. Despite the challenges from the ongoing COVID-19 pandemic, the report summarizes the Company's actions in 2020 that demonstrate its continued commitment to ethical and sustainable processes, materials and programs.

Goodyear Underscores Commitment To Corporate Responsibility In 2020 Report

Goodyear (GT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Goodyear (GT) Is Still Trading at a Bargain

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AKRON, Ohio, May 19, 2021 /PRNewswire/ -- It's the return of the great American road trip for many people, with 73 percent of drivers indicating that they plan to take a road trip this summer.* To give drivers a comfortable ride as they embark on their adventures, The Goodyear Tire & Rubber Company is introducing the new Goodyear Assurance ComfortDrive.

New Goodyear Assurance Comfortdrive Tires Provide Smooth Ride For Summer Travelers

COLMAR-BERG, Luxembourg, May 17, 2021 /PRNewswire/ -- As part of its commitment to reduce CO2 emissions, The Goodyear Tire & Rubber Company (NASDAQ: GT) is working together with energy supplier Enovos to build two large solar power stations at its testing facilities in Colmar-Berg, Luxembourg, which will provide clean energy for Luxembourg citizens. The first power station will be a photovoltaic carport consisting of 1 500 solar panels, covering a parking lot of around 4 000 m 2.

Goodyear And Enovos To Build Luxembourg's First Large Solar Carport

AKRON, Ohio, May 14, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its private offering to eligible purchasers of $850 million aggregate principal amount of senior notes due 2029 (the "2029 notes") and $600 million aggregate principal amount of senior notes due 2031 (the "2031 notes," and together with the 2029 notes, the "notes"). The notes will be senior unsecured obligations of the company.

Goodyear Announces Pricing of $1.45 Billion of Senior Notes in Connection With Planned Cooper Tire Acquisition

AKRON, Ohio, May 14, 2021 /PRNewswire/ -- Goodyear (NASDAQ: GT) and the International Soap Box Derby are hosting a Mini-Car Championship Race Friday as part of Goodyear's annual STEM Career Day, an outreach event encouraging high school and middle school students to pursue opportunities in various science, technology, engineering and mathematics (STEM) disciplines. The event is being livestreamed from Goodyear's Innovation Center at the company's headquarters in Akron, OH.

Goodyear Inspires Students With Its 22nd Annual STEM Career Day

AKRON, Ohio, May 13, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has commenced a private offering to eligible purchasers of $1.45 billion aggregate principal amount of 8- and 10-year senior notes. The notes will be senior unsecured obligations of the company.

Goodyear Announces Offering Of Senior Notes In Connection With Planned Cooper Tire Acquisition

Goodyear Tire & Rubber CEO Rich Kramer dismissed concerns that a looming rubber shortage could negatively impact business.

Goodyear Tire CEO says company has enough supply to blunt looming rubber shortage

Goodyear (GT) Q1 revenues increase 15% year on year.

News for Goodyear Tire & Rubber Stock (GT)