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Goodyear Tire & Rubber - GT STOCK NEWS

Welcome to our dedicated page for Goodyear Tire & Rubber news (Ticker: GT), a resource for investors and traders seeking the latest updates and insights on Goodyear Tire & Rubber stock.

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

News

GOODYEAR CELEBRATES THE OHIO STATE UNIVERSITY AND THE UNIVERSITY OF MISSOURI'S ROAD TO THE 88TH GOODYEAR COTTON BOWL CLASSIC WITH MASCOT TIRE ART TRADITION

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The Goodyear Tire & Rubber Company (GT) welcomes Ohio State University's Brutus Buckeye and the University of Missouri's Truman the Tiger to its elite lineup of tire art sculptures for the 88th Goodyear Cotton Bowl Classic. The intricately designed sculptures, standing between six and seven feet tall and weighing 385 pounds, are handcrafted from over 280 Goodyear-branded tires and 24,000 hidden staples. This marks the first tire art sculpture commissioned by Goodyear for Truman the Tiger, and the second for Brutus the Buckeye. The sculptures will be donated to their respective schools following the game for display on campus. The Goodyear Cotton Bowl Classic will host the No. 9 Missouri Tigers and the No. 7 Ohio State Buckeyes on Dec. 29, at 8 p.m. ET.
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RICH KRAMER HONORED WITH NASCAR'S AWARD OF EXCELLENCE

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Goodyear (GT) CEO Rich Kramer honored with NASCAR's prestigious Bill France Award of Excellence for his leadership and contributions to the sport. The award recognizes Goodyear's 70-year relationship with NASCAR, real-time tire intelligence capability development, and support during COVID-19. Kramer's recognition reflects Goodyear's long-term partnership and shared values with NASCAR.
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GOODYEAR NAMES JOE BURKE VICE PRESIDENT OF NORTH AMERICA COMMERCIAL BUSINESS

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The Goodyear Tire & Rubber Company (NASDAQ: GT) has appointed Joe Burke as the vice president of its North America Commercial business, succeeding Dave Beasley, who is retiring after nearly 40 years with the company. Burke has a proven track record of delivering strong results in both the Global Aviation and North America commercial businesses, with deep knowledge of the commercial tire and service industry. He has previously led commercial sales and original equipment account teams and played a key role in bringing Goodyear's fleet solutions to the market.
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IT'S OFFICIAL: PICKLEBALL IS NOW A "BLIMPWORTHY" SPORT

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The Goodyear Blimp (GT) will make its first-ever appearance at a Professional Pickleball Association (PPA Tour) tournament, marking a significant moment for the sport's growth. The blimp will provide aerial coverage for the CIBC PPA Tour Finals, symbolizing Pickleball's arrival as a professional sport. The sport has experienced an average growth rate of 158.6% over the last three years, with over 36.5 million players. The event will be broadcasted on FS1 at 3 p.m. PST.
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GOODYEAR AND THE U.S. MARINE CORPS RESERVE TEAM UP TO DELIVER HOLIDAY CHEER TO LOCAL FAMILIES

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Goodyear (NASDAQ: GT) to Host Annual Toys for Tots Donation Drive at California, Florida, and Ohio Blimp Bases. Goodyear announced its 13th consecutive partnership with the U.S. Marine Corps Reserve for the Toys for Tots Foundation. The events will provide a chance for the public to donate to Toys for Tots while enjoying an up-close view of the iconic Goodyear Blimp. New and unwrapped toy donations will be accepted in-person or via mail until Dec. 3. The enduring partnership reflects Goodyear's commitment to community service and aligns with the Marine Corps' Toys for Tots Program goals. Goodyear's Blimp base locations accepting donations are in California, Florida, and Ohio.
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GOODYEAR ANNOUNCES LEADERSHIP SUCCESSION PLAN

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Goodyear (NASDAQ: GT) CEO Richard J. Kramer to retire in 2024 after 24 years, 14 years as Chairman, CEO and President. The company announces the appointment of a leading executive search firm to execute a search for Kramer's successor. Under Kramer's leadership, Goodyear delivered the five highest years of annual segment operating income in its history, led a transformation of the business, navigated through the COVID-19 pandemic, and completed its largest-ever acquisition. The company also announced the Goodyear Forward Transformation Plan to optimize its portfolio, deliver margin expansion, and address net leverage to drive sustainable, long-term shareholder value creation.
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GOODYEAR ANNOUNCES TRANSFORMATION PLAN: GOODYEAR FORWARD

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Goodyear Tire & Rubber Company (NASDAQ: GT) announces 'Goodyear Forward' transformation plan, aiming to optimize portfolio, expand margins, and reduce leverage to create substantial shareholder value. Gross proceeds in excess of $2 billion, cost reduction actions totaling $1.3 billion, segment operating income margin doubling to 10%, and net leverage of 2.0x – 2.5x by end of 2025.
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GOODYEAR TO PROVIDE UPDATE ON BOARD-LED STRATEGIC AND OPERATIONAL REVIEW

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The Goodyear Tire & Rubber Company (NASDAQ: GT) will provide an update on Nov. 15 regarding the comprehensive assessment led by the Strategic and Operational Review Committee of its Board of Directors. The update will discuss the committee's recommendations to maximize shareholder value creation. The public call will be held at 8:30 a.m. EST and can be accessed on the company's investor relations website or via telephone. A replay will also be available.
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GOODYEAR REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

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The Goodyear Tire & Rubber Company (NASDAQ: GT) reported its third-quarter 2023 results. The company will host an investor call on November 7th. Goodyear is one of the world's largest tire companies.
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GOODYEAR TO ANNOUNCE THIRD QUARTER 2023 FINANCIAL RESULTS

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The Goodyear Tire & Rubber Company (NASDAQ: GT) will report its third quarter 2023 financial results on November 6, followed by an investor conference call on November 7. The company will publish its results in the form of an Investor Letter on its investor relations website. The investor call can be accessed on the website or via telephone. Goodyear is one of the world's largest tire companies.
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FAQ

What is the current stock price of Goodyear Tire & Rubber (GT)?

The current stock price of Goodyear Tire & Rubber (GT) is $9.12 as of November 19, 2024.

What is the market cap of Goodyear Tire & Rubber (GT)?

The market cap of Goodyear Tire & Rubber (GT) is approximately 2.6B.

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Goodyear Tire & Rubber

Nasdaq:GT

GT Rankings

#1788 Ranked by Market Cap
N/A Ranked by Dividends

GT Stock Data

2.59B
262.76M
7.68%
86.94%
8.82%
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