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GOODYEAR AND MICKEY THOMPSON HIT THE GAS ON INTEGRATION

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The Goodyear Tire & Rubber Company (NASDAQ: GT) announced that the Mickey Thompson ET Front tires are now manufactured at its Innovation Center Manufacturing facility in Akron, Ohio. This marks a significant milestone in the integration of Goodyear and Cooper Tire, being the first Cooper tire produced at a Goodyear U.S. facility. Goodyear's global race tire manager emphasized the companies' historical connection to drag racing and their commitment to innovative product development for the sport.

Positive
  • First Cooper tire manufactured at a Goodyear facility, indicating successful integration.
  • Collaboration between motorsports groups demonstrated efficiency and commitment.
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  • None.

AKRON, Ohio, Dec. 9, 2021 /PRNewswire/ -- With a continued focus on identifying connections to benefit a combined organization, The Goodyear Tire & Rubber Company (NASDAQ: GT) announced that Mickey Thompson ET Front tires are now produced at Goodyear's Innovation Center Manufacturing (ICM) facility in Akron, Ohio.

"Throughout the integration process, our teams have remained committed to working together, and this is a great example of how quickly and efficiently our motorsports groups were able to collaborate and leverage Goodyear's manufacturing footprint," said Dominick Wycoff, Mickey Thompson Tires & Wheels president.

The production of the new Mickey Thompson ET Front tire signifies a historic milestone in the Goodyear and Cooper Tire integration, as this is the first Cooper tire manufactured at a Goodyear facility in the U.S.

"Goodyear and Mickey Thompson have each played a monumental role in the history of drag racing," said Stu Grant, Goodyear's general manager of global race tires. "Now, as a combined organization with over 100 years collectively in the sport, we're excited to continue that momentum and innovative product development as we look to the future of drag racing."

About The Goodyear Tire & Rubber Company

Goodyear is one of the world's largest tire companies. It employs about 72,000 people and manufactures its products in 55 facilities in 23 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.


Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/goodyear-and-mickey-thompson-hit-the-gas-on-integration-301441805.html

SOURCE The Goodyear Tire & Rubber Company

FAQ

What is the significance of Mickey Thompson ET Front tires being produced at Goodyear's facility?

It represents the first Cooper tire manufactured at a Goodyear facility, marking a milestone in their integration.

When was the press release about Goodyear and Mickey Thompson published?

The press release was published on December 9, 2021.

What are the implications for Goodyear's stock GT after this announcement?

The production signifies successful integration efforts, which may positively influence investor confidence in GT.

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