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Goodyear Tire & Rubber Company (NASDAQ: GT) stands as one of the world's largest tire manufacturers, renowned for its innovation and tire technology. With its headquarters in Akron, Ohio, USA, Goodyear operates 50 plants in 22 countries, affirming its global footprint. The company's extensive product lineup includes tires for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial machinery.
Founded in 1898, Goodyear has sustained a legacy of excellence in tire manufacturing. Its operations are divided into three primary segments: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific. Each segment caters to the specific needs of its regional markets, ensuring high standards of performance and safety.
Recent achievements spotlight Goodyear's commitment to innovation. The company, in collaboration with ZF, a global leader in vehicle systems, successfully integrated Goodyear SightLine—a suite of tire intelligence technologies—with ZF's cubiX® vehicle motion control software. This synergy enhances driving dynamics and safety by providing real-time tire and road data to the vehicle’s chassis system.
Goodyear’s dedication to product quality is further exemplified by the launch of the GP-3E tire line, designed for off-the-road (OTR) applications. This versatile tire offers enhanced treadwear and traction, tailored to meet the demanding conditions of construction and material handling jobs.
Financially, Goodyear reported a net loss of $57 million in the first quarter of 2024, an improvement from the previous year. The company's
A collaboration between Goodyear and Case Western Reserve University is launching the Goodyear Innovation Challenge, inviting students to submit proposals for future mobility solutions until February 1, 2021. This marks the fifth year of the competition, which will be held virtually due to the pandemic. Five teams will be selected to pitch their ideas to Goodyear leaders on March 3, 2021, with cash prizes of up to $5000 for winners. Additionally, Goodyear will consider participants for summer internships. Goodyear aims to foster innovation and engage with talented students.
The Goodyear Tire & Rubber Company has launched the Wrangler Workhorse Powerline, featuring three new tire models: Wrangler Workhorse HT, Wrangler Workhorse AT, and Wrangler Workhorse RT. These tires emphasize durability, traction, and dependability for consumers and fleets. The HT model offers a 60,000-mile warranty, the AT provides strong all-terrain performance with a 50,000-mile warranty, and the RT delivers off-road capabilities with a 40,000-mile warranty. Expected to launch in Q3 2021, the lineup will include 70 sizes initially, expanding to 92 sizes by 2022.
The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the launch of the Fuel Max RSD, a premium super-regional drive tire designed for enhanced fuel efficiency and traction. This tire targets the growing super-regional trucking segment. Additionally, Goodyear introduced three new UniCircle retread products that match the tread designs of the new tires, enhancing durability and performance. These offerings are part of Goodyear's Total Mobility solution and will be available in mid-2021, with the Fuel Max RSD tire initially launching in size 295/75R22.5.
The Goodyear Tire & Rubber Company (NASDAQ: GT) has launched Fleet Central, an interactive portal designed to enhance tire management and efficiency for fleets. This platform allows for tire purchases, service activation, and real-time monitoring of tire performance. Key features include emergency service requests, tire delivery scheduling, retreading insights, and performance alerts. Goodyear aims to streamline tire management, providing fleets with crucial data and insights to reduce maintenance costs. Fleet Central is now available on GoodyearTruckTires.com with mobile responsiveness.
The Goodyear Tire & Rubber Company (NASDAQ: GT) is set to launch the Fuel Max LHD 2 tire in early 2021, designed specifically for long-haul fleets seeking enhanced fuel efficiency. This new tire boasts a fuel-focused tread compound for low rolling resistance, meeting Phase 2 Greenhouse Gas Emissions standards and SmartWay® verification. With features like TredLock technology for even wear and maximum retreadability, it aims to lower fleets' cost per mile. Available sizes include 295/75R22.5 and 11R22.5, distributed through authorized Goodyear dealers across the U.S. and Canada.
Goodyear is partnering with the U.S. Marine Corps Reserve for the tenth consecutive year to support the Marine Toys for Tots Foundation. From Dec. 1 to Dec. 11, donations of new, unwrapped toys will be accepted at Goodyear Auto Service Centers in Florida and Ohio, with additional drive-thru donation events on Dec. 11, 12, and 13. Donors can receive $10 back on tire alignments at Roll by Goodyear locations during the same period. Goodyear has contributed nearly $500,000 and delivered almost 150,000 toys through this initiative over the past decade.
Goodyear (NASDAQ: GT) has launched its Mobile Install service in the greater Atlanta area, enabling customers to have new tires installed at home without additional costs beyond standard installation. This initiative caters to the rising demand for contactless services amid changing shopping habits due to COVID-19. Goodyear technicians maintain strict social distancing protocols during the installation. The service allows customers to conveniently order tires online and schedule installation at their preferred location, aiming to enhance customer convenience and satisfaction.
Goodyear has launched its Mobile Install service in the Chicago suburbs, allowing customers to get new tires installed at home without additional costs. The service adheres to strict social distancing and zero-contact protocols, accommodating consumers' preferences for online shopping and delivery. With the holiday travel season approaching, this initiative aims to enhance convenience for drivers. Goodyear's Mobile Install has received positive feedback in other markets, highlighting its appeal amidst changing shopping habits due to COVID-19.
The Goodyear Tire & Rubber Company (NASDAQ: GT) has formed a strategic partnership with TuSimple, an autonomous trucking technology firm, to supply tires and tire management solutions for TuSimple's Autonomous Freight Network (AFN). This collaboration aims to enhance safety and operational efficiency in autonomous trucking. The partnership includes conducting wear studies to predict maintenance needs and assess tire longevity, contributing to reduced carbon footprints. TuSimple's AFN, launched in July, targets low-cost freight transportation using Level 4 autonomous trucks across the continental U.S.
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