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, March 25, 2021 /PRNewswire/ -- Goodyear (NASDAQ: GT) has launched the new EV-4M Port Handler with a focus on improved tread wear to help increase efficiency, a decisive factor in modern port and industrial handling. At the same time, the tires aim to promote driver comfort.

Goodyear Introduces The All-New EV-4M Port Handler Tire

AKRON, Ohio, March 23, 2021 /PRNewswire/ -- This year's Goodyear Innovation Challenge featured a record number of student proposals that addressed current mobility challenges. The competition, sponsored by Goodyear (NASDAQ: GT) in collaboration with Case Western Reserve University for the fifth straight year, went fully virtual for the first time.

Students Deliver Mobility Solutions For The Fifth Annual Goodyear Innovation Challenge

COLMAR-BERG, Luxembourg, March 23, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a strategic relationship with UFODRIVE, an all-digital, all-electric car rental company, aimed at improving electric vehicle fleet performance. The companies will together pursue opportunities to integrate their complementary mobility solutions, including Goodyear's intelligent tire monitoring system and proactive solutions suite and UFODRIVE's advanced eMobility software as a service platform.

Goodyear Teams Up With Electric Mobility Pioneer UFODRIVE

AKRON, Ohio, March 22, 2021 /PRNewswire/ -- In one year, The Goodyear Tire & Rubber Company's (NASDAQ: GT) Complete Tire Management tools have inspected nearly 4 million tires¹, helping fleets proactively identify potential tire issues and improve overall fleet operations. These Complete Tire Management solutions include Goodyear Tire Optix, Goodyear TPMS Plus and Goodyear CheckPoint, all of which monitor conditions like tire pressure, temperature and treadwear and alert fleets to irregularities so they can prevent a roadside breakdown.

Nearly 4 Million Tires Inspected In One Year Through Goodyear's Complete Tire Management Program

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AKRON, Ohio, March 18, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced a new sustainable soybean oil procurement policy that reflects its strong commitment to the responsible sourcing of raw materials. The company believes that, through this policy, it can help guide processors, farmers, and all other members of the supply chain to establish practices and make sound environmental and social decisions related to the growing, harvesting, and processing of soybeans.

Goodyear Strengthens Commitment to Sustainable Procurement of Soybeans

AKRON, Ohio, March 18, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) is collaborating with Voyomotive, a connected car technology company, to pilot tire monitoring solutions for more efficient operation of vehicles in the United States.   This Goodyear-enabled service captures and analyzes relevant tire performance data to detect slow loss of tire pressure multiple days before the TPMS light illuminates and pending low tire pressure conditions.

Goodyear And Voyomotive Collaborate On Tire Intelligence For Vehicle Efficiency

AKRON, Ohio, March 16, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) and Dutch research organization TNO are collaborating on a demonstration vehicle that will test the implications of connected tires talking to the vehicle's control system, most specifically the anti-lock brake system (ABS).  By connecting Goodyear's intelligent tires with a vehicle's ABS system, braking performance can be optimized for the situation and tire state while helping with the steerability of the vehicle.

Goodyear And TNO To Demonstrate An Intelligent Brake System

The automotive experts at Goodyear Brakes offer some tips and solutions for assessing the health of vehicle braking systems and addressing the prevention of corrosion-related wear during the winter. The automotive experts at Goodyear Brakes offer some tips and solutions for assessing the health of vehicle braking systems and addressing the prevention of corrosion-related wear during the winter.

Car Brakes Winter Rust Prevention Guide by Goodyear Brakes Released

AKRON, Ohio, March 4, 2021 /PRNewswire/ -- Following the company's recent announcement of its plans to acquire Cooper Tire, The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Ryan Patterson, currently president of its Asia Pacific business unit, will lead the integration...

Goodyear Announces Leadership Changes

AKRON, Ohio, Feb. 25, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that Christopher P. Helsel has been named senior vice president, global operations and chief technology officer. He succeeds Jonathan Bellissimo, who is retiring after a Goodyear...

Goodyear Names Chris Helsel SVP, Global Operations And Chief Technology Officer

Cooper Tire & Rubber

NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Cooper Tire & Rubber Company (NYSE: CTB) to The Goodyear Tire & Rubber Company (Nasdaq: GT)....

COOPER TIRE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cooper Tire & Rubber Company - CTB

Here's what's cookin' today in Transmission: The blimp has a new passenger: Cooper Tires  Dealers prefer low volumes over excess inventory REE: The EV tech of tomorrow The blimp has a new passenger: Cooper Tires  I spent 30 minutes brainstorming catchy tire puns to introduce this next segment. I couldn't think of anything good so I'll cut to the chase and save the bad joke: Cooper Tire sold to Goodyear Tires in a deal worth about $2.8 billion.

Transmission: The Goodyear Blimp just grew much bigger

The announced combination of Goodyear and Cooper Tire, the largest and fifth-largest tire manufacturers in North America, is set to not only increase competition with foreign and domestic rivals, but also raise the bar in the lucrative aftermarket retail services sector. In acknowledging the complementary business models, organizational structures and distribution channels the $2.8 billion […]

Goodyear-Cooper Tire Merger Heats Up Competition Among Auto Service Chains

Goodyear's (GT) acquisition of Cooper will form two complementary brand portfolios, thus providing a comprehensive offering across the value spectrum.

Goodyear (GT) to Acquire Cooper for $2.5B, Boost Product Offerings

Goodyear has agreed to buy rival Cooper for $2.8 billion. The deal will give America's largest tire producer a much bigger footprint around the world, including in China, the world's top car market.

Goodyear is going big in China with $2.8 billion takeover of Cooper

Goodyear Tire & Rubber Co (NASDAQ: GT) is acquiring rival Cooper Tire & Rubber Co (NYSE: CTB) for $2.5 billion. Akron, Ohio-based Goodyear was founded in 1898 and employs about 62,000 people working in 46 facilities in 21 countries.

Goodyear Acquires Tiremaker Rival Cooper For $2.5B

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Cooper Tire & Rubber Company (NYSE: CTB) breached their fiduciary duties or violated the federal securities laws in connection with the company's acquisition by The Goodyear Tire & Rubber Company (NASDAQ: GT).

COOPER ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CTB and Encourages Investors to Contact the Firm

Goodyear Tire & Rubber Co. (Nasdaq: GT) announced Monday it will acquire Cooper Tire (NYSE: CTB) in a $2.5 billion deal to strengthen its market position in the global tire industry. Goodyear said the acquisition of Cooper Tire doubles its presence in China while increasing the number of relationships with Chinese automakers, and also broadens distribution for Cooper replacement tires through Goodyear's network of 2,500 branded retail stores.

Goodyear to buy Cooper Tire for $2.5B

Investors like the looks of its plan to buy a rival.

Why Goodyear Stock Is Sharply Higher Today

Goodyear Tire & Rubber Co. agreed to buy Cooper Tire & Rubber Co., a deal that Goodyear said would allow it to reduce costs and build out its businesses in the U.S. and China.

The Wall Street Journal: Goodyear to buy rival Cooper Tire for $2.8 billion

Shares of Cooper Tire & Rubber Company surged 27% on Monday on news that Goodyear Tire & Rubber Company is buying it for $2.8 billion, solidifying Goodyear's spot as the reading company in the US market.  Goodyear shares traded 16% higher.

Cooper Tire spikes 27% after Goodyear agrees to buy it for $2.8 billion

The merger would add a growth opportunity in China while securing a dominant U.S. position.

Goodyear to Buy Rival Cooper for $2.8 Billion

Goodyear and Cooper are creating a US tire king.

News for Goodyear Tire & Rubber Stock (GT)