Welcome to our dedicated page for Goodyear Tire & Rubr Co news (Ticker: GT), a resource for investors and traders seeking the latest updates and insights on Goodyear Tire & Rubr Co stock.
Goodyear Tire & Rubber Co (GT) is a global innovator in tire manufacturing, serving automotive, commercial, and industrial markets worldwide. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments directly affecting market positioning and operational strategy.
Access authoritative updates including quarterly earnings reports, product innovation announcements, and strategic partnerships. Our curated collection ensures you stay informed about sustainability initiatives, supply chain developments, and leadership changes impacting one of the world's most recognized tire manufacturers.
Bookmark this page for streamlined access to press releases, regulatory filings, and analysis of market trends affecting Goodyear's operations across the Americas, EMEA, and Asia-Pacific regions. Regular updates provide critical insights into how GT adapts to evolving industry demands through its Goodyear Forward transformation strategy.
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.
The Goodyear Tire & Rubber Company's blimp, Wingfoot Three, will serve as a skydiving platform for the Red Bull Air Force and U.S. Special Operations Command at EAA AirVenture Oshkosh, taking place on July 28 and July 30, 2021. This marks the inaugural jumps from the blimp for both teams. Goodyear's participation celebrates its 50th anniversary at this premier aviation event, which has grown to be the largest airshow in the world since its first blimp appearance in 1971.
Goodyear Tire & Rubber Company (NASDAQ: GT) is set to announce its second quarter 2021 financial results on August 6, 2021, at 9:30 a.m. EDT. Following the announcement, an investor conference call will provide insights into the financial performance and strategic direction of the company. Information related to the financial results will be made available on the investor relations website. Goodyear, one of the world's largest tire manufacturers, employs around 72,000 people across 54 facilities globally.
Goodyear (NASDAQ: GT) has introduced a groundbreaking non-pneumatic tire (NPT) and wheel assembly for autonomous vehicles in collaboration with the Jacksonville Transportation Authority (JTA). After three years of testing with Local Motors, the NPT aims to enhance urban transport with sustainability and maintenance-free features. The JTA will assess ride comfort and noise as part of its Autonomous Vehicle Test program. Goodyear anticipates that these airless tires could revolutionize mobility, with plans to provide fully sustainable tires by the decade's end.
Prashanth Mahendra-Rajah has been elected to the board of directors of The Goodyear Tire & Rubber Company (NASDAQ: GT). As CFO of Analog Devices, he brings extensive financial expertise and experience in strategic planning and corporate acquisitions. Mahendra-Rajah, previously CFO at WABCO, has played a significant role in guiding global companies toward transformative growth. His appointment is expected to enhance Goodyear's focus on future mobility, benefiting both the company and its shareholders.
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.
Goodyear Tire & Rubber Company (NASDAQ: GT) will webcast its presentation at the Deutsche Bank Global Auto Industry Conference on June 16, 2021, at 11:50 a.m. EDT. The presentation will be led by Darren R. Wells, executive vice president and CFO, who will provide a business overview. Interested parties can watch the live webcast on Goodyear's investor relations website. A replay will be available post-event. Goodyear employs approximately 72,000 people and operates 54 facilities across 23 countries.
