Goodyear Tire & Rubr Co - GT STOCK NEWS

Cooper Tire has introduced its new Endeavor™ and Endeavor Plus™ tires, designed for cars, SUVs, and trucks, now available at select dealers. These tires feature a 65,000-mile warranty, promising reliable performance in various weather conditions. Consumer research guided their development, ensuring an emphasis on wet performance and treadwear. Key features include the Wear Square® indicator for tread life visibility and enhanced handling. Customers can also enjoy a 45-day test drive with their purchase, emphasizing Cooper Tire's commitment to safety and comfort.

North American Crane Bureau Group (NACB), a subsidiary of ProBility Media Corp (OTCPK: PBYA), has announced an extension of its relationship with Goodyear Tire & Rubber Company (NASDAQ: GT) to offer additional training programs into 2022. The training includes rigging and signaling programs to qualify Goodyear's personnel and crane training programs compliant with OSHA requirements. Additionally, NACB is initiating a new training relationship with L'Air Liquide S.A. in New Jersey. The completion of ProBility's acquisition of Upstryve Inc. is expected by August 31, 2021.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced a strategic collaboration with Plus, a leader in self-driving truck technology, aimed at enhancing autonomous trucking solutions in logistics. This partnership focuses on integrating Goodyear's connected tires with Plus's Level 4 autonomous driving technology to improve transport efficiency and safety while reducing carbon impact. Expected developments include incorporating tire feedback into fuel economy systems and improving performance in adverse conditions. Plus plans to begin production of the FAW J7 L3 truck powered by PlusDrive in Q3 2021.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the appointment of Thad Ewald as vice president of Strategy and Business Development, effective August 23, 2021. Ewald, who previously served as vice president at Cummins, Inc., will report to CFO Darren Wells. His extensive experience in strategy development, including leading initiatives in electrification and hydrogen power, is expected to support Goodyear's growth in both traditional and emerging markets, enhancing its long-term strategic direction.

Goodyear (NASDAQ: GT) announced an investment in AmpUp, a leader in electric vehicle (EV) charging solutions, through its venture capital arm, Goodyear Ventures. This partnership aims to enhance Goodyear's insights into electrification trends, facilitating better services for fleet customers considering EVs. AmpUp provides advanced charging networks and software, operating across North America, and aims to improve accessibility for EV drivers. This investment aligns with Goodyear's commitment to innovation in mobility and supports the wider adoption of electric vehicles.

AmpUp, an electric vehicle charging provider, has secured additional funding from investment firms including Goodyear (GT) and Foothill Ventures. The capital aims to enhance AmpUp's operational capabilities to meet growing demand for charging solutions. CEO Thomas Sun highlighted the company's mission to expand accessibility to charging stations in North America. Noteworthy achievements include a project of 160 charging stations in Los Angeles and collaborations with major utilities. Past investors also include YCombinator and iSun Inc. (ISUN).

Goodyear Tire & Rubber Company (NASDAQ: GT) reported strong second quarter results with sales of $4.0 billion, up 86% year-over-year, driven by higher volumes and the recent Cooper Tire merger. Net income reached $67 million (27 cents per share), a significant recovery from a $696 million loss last year. The merger-adjusted segment operating income was $349 million, facilitated by improved price/mix and increased factory utilization. Tire unit volumes rose to 37.5 million, with a notable increase in both replacement and original equipment segments, reflecting a robust recovery in demand.

The Goodyear Tire & Rubber Company has launched a new tire size, 40.00R57, within its RH-4A+ tire lineup, designed for improved productivity and lower operating costs in tough conditions. The new tire features a high net-to-gross tread pattern and deep tread depth, ensuring extended usage and optimal performance. Goodyear's RH-4A+ is becoming the preferred option for 200-ton trucks, enhancing load capacity. The new size joins the existing options, available globally through authorized dealers.