Goodyear Tire & Rubr Co Stock Price, News & Analysis

Goodyear Tire & Rubber Company (NASDAQ: GT) has appointed Christian Gadzinski as the new senior director of Investor Relations, effective January 10, 2022. Gadzinski brings extensive experience from his previous roles within the company, including a stint in investor relations and leadership in finance for the North American business. He succeeds Nick Mitchell, who has transitioned to focus on strategy and business development. Goodyear is one of the largest tire manufacturers globally, employing approximately 72,000 people across 55 facilities in 23 countries.

The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced the development of a custom-engineered non-pneumatic tire for Starship delivery robots, aimed at enhancing tire longevity and lowering maintenance needs. Currently, the two companies are in an in-field testing phase at Bowling Green State University, yielding promising results in treadwear, braking, and vibrations. Goodyear's airless tire technology is positioned to support Starship's evolving delivery demands, helping to ensure reliability and cost efficiency for their fleet operating in diverse conditions.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced a new demonstration tire made with 70% sustainable materials, marking a significant step in their goal to produce tires entirely from sustainable sources by 2030. Key innovations include the use of carbon blacks from alternative sources, soybean oil to enhance rubber flexibility, silica sourced from rice husk ash, and recycled polyester from plastic waste. These advancements aim to improve tire performance while reducing environmental impact.

The Goodyear Tire & Rubber Company (NASDAQ: GT) has renewed its multiyear title sponsorship of the Goodyear Cotton Bowl Classic, which will continue to be part of the New Year's Six bowl games. This agreement highlights Goodyear's long-term commitment to college football and ensures its branding during key matches, including a semifinal game in 2024. Goodyear also extended its partnership with Disney Advertising Sales for aerial coverage of college football events. The 86th Cotton Bowl, featuring Alabama vs. Cincinnati, is scheduled for December 31, 2021.

Goodyear Tire & Rubber Company has launched the ElectricDrive GT, its first replacement tire in North America tailored for electric vehicles (EVs). This ultra-high performance, all-season tire promises long-lasting tread wear and a quiet ride. The ElectricDrive GT is designed with Goodyear's SoundComfort Technology® to reduce road noise and features an asymmetric tread pattern for enhanced all-season traction. Initially available in size 255/45R19 104W XL, it targets popular high-performance EV models. Goodyear aims to expand its electric vehicle product line in 2022.

The Goodyear Tire & Rubber Company (NASDAQ: GT), based in Akron, Ohio, has announced a commitment to achieve net-zero greenhouse gas emissions by 2050, aligning with Science Based Targets initiative (SBTi) guidelines. By 2030, Goodyear targets a 46% reduction in Scope 1 and 2 emissions and a 28% reduction in relevant Scope 3 emissions, using 2019 as a baseline. The company aims to procure 100% renewable energy in its facilities across Europe, the Middle East, and Africa by the end of 2022 and strives for a sustainable tire made from 100% sustainable materials by 2030.

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.

The Goodyear Tire & Rubber Company has entered a collaboration agreement with Monolith to develop carbon black produced from methane and biomethane for tire manufacturing. This innovative process utilizes plasma-based methane pyrolysis, which aligns with Goodyear's commitment to sustainability and the use of environmentally friendly materials. Initial assessments indicate potential reductions in carbon emissions and may even yield a carbon-neutral or carbon-negative impact through increased biomethane utilization. The partnership aims to enhance the sustainability of Goodyear's product offerings.

Stu Grant, Goodyear's general manager for global race tires, was honored with the 2021 Buddy Shuman Award by NASCAR during its annual awards ceremony in Nashville, Tennessee. This award acknowledges significant contributions to stock-car racing. Grant has been a pivotal figure in Goodyear's racing program for 25 years, overseeing its status as NASCAR's official tire supplier since 1997. He is currently leading the initiative to transition the Cup Series to an 18-inch tire. Grant's dedication to both NASCAR and Goodyear has been widely recognized, making this award a prestigious achievement in his career.