STOCK TITAN

Goodyear SightLine First Intelligent Tire Solution For Last-Mile Delivery

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Goodyear Tire & Rubber Company (NASDAQ: GT) introduced Goodyear SightLine, a pioneering tire intelligence solution designed for cargo van fleets, aimed at enhancing mobility in the field service, construction, and last-mile delivery sectors. This innovative system leverages cloud-based algorithms and sensors to provide real-time data to fleet operators, enabling proactive maintenance and safety. Initially available in North America and Europe, it aims to reduce downtime and predict breakdowns. Goodyear plans to implement tire intelligence across all new products by 2027, setting a foundation for a connected tire future.

Positive
  • Launch of Goodyear SightLine enhances predictive maintenance, potentially reducing downtime by predicting breakdowns.
  • Intended for cargo vans in high-demand industries, targeting significant market segments.
  • Initial testing indicates a 30% reduction in stopping distance loss when integrated into vehicle systems.
Negative
  • None.

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. 

Later this year, Goodyear SightLine will also be available to Goodyear's original equipment customers and emerging fleet and mobility providers.  

Initially available in North America and Europe, Goodyear SightLine uses sensors with cloud-based algorithms to communicate with fleet operators in real-time. 

Goodyear's proprietary predictive maintenance technologies can help to address many challenges facing drivers and fleet managers today, including predicting breakdowns, minimizing downtime and monitoring tire pressure and wear for enhanced safety and more cost-efficient mobility.

"Much like smart watches that monitor vitals like heartrates and oxygen levels, Goodyear SightLine's tire intelligence monitors the health of a tire," said Chris Helsel, senior vice president, global operations and chief technology officer. "Goodyear SightLine takes the mystery out of understanding tires and provides proactive mobility insights to communicate when tires need service or replacement."

Goodyear has accumulated billions of test miles on tire solutions powered by Goodyear SightLine through pilot programs and with its launch establishes the groundwork for a connected-tire future in which every tire provides intelligence. Goodyear has articulated a company goal to have tire intelligence in all new products by 2027. 

In the future, Goodyear SightLine technology will not only provide feedback on the tire, but provide feedback on road conditions, enabling connected, autonomous mobility. Initial testing has shown integrating Goodyear SightLine technology into a vehicle's control's system can reduce stopping distance loss by 30%.

For more information, visit www.goodyearsightline.com.

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 54 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:http://www.prnewswire.com/news-releases/goodyear-sightline-first-intelligent-tire-solution-for-last-mile-delivery-301313545.html

SOURCE The Goodyear Tire & Rubber Company

FAQ

What is Goodyear SightLine and how does it benefit cargo van fleets?

Goodyear SightLine is an advanced tire intelligence solution that provides real-time data to fleet operators, helping to predict breakdowns and optimize tire maintenance for enhanced safety and reduced downtime.

When will Goodyear SightLine be available to original equipment customers?

Goodyear SightLine will be available to original equipment customers and emerging fleet providers later in the year following its initial launch.

In which regions is Goodyear SightLine initially available?

Goodyear SightLine is initially available in North America and Europe.

What are Goodyear's future plans for tire intelligence?

Goodyear aims to integrate tire intelligence into all new products by 2027, paving the way for a connected tire future.

Goodyear Tire & Rubber

NASDAQ:GT

GT Rankings

GT Latest News

GT Stock Data

2.45B
262.80M
7.68%
86.94%
7.92%
Auto Parts
Tires & Inner Tubes
Link
United States of America
AKRON