Although sales were up, Goodyear Tire & Rubber Co.’s year-over-year earnings dropped 72% in 2017 and segment operating income fell 23%. The company attributed a net loss in 2017's fourth quarter to tax reform.
Sixty-three years. That's how long Goodyear Tire & Rubber Co. and NASCAR have been partners. And that relationship will continue for at least two more years.
Goodyear Tire & Rubber Co. offered a list of factors that contributed to its "rough" third quarter: replacement and original equipment tire volumes dropped, and raw material costs also hit a peak for the year and increased 32%.
The production of consumer tires for the original equipment and replacement market will soon be faster than ever, according to Goodyear Tire & Rubber Co.
Goodyear Tire & Rubber Co. is among the first companies in the country to buy an advertisement on the jersey of a NBA team. Akron-based Goodyear made it a 'local' transaction, and announced a multi-year sponsorship agreement with the Cleveland Cavaliers.
Sales at Goodyear Tire & Rubber Co. were down 8% in 2016, $15.2 billion compared to $16.4 billion in 2015. The company says overall tire unit volumes were basically unchanged, though replacement tire shipments were up 2% and original equipment volume was down 4%.
In his keynote remarks during Day Three of the 2017 Goodyear Customer Conference in Orlando, Chairman, CEO and President Rich Kramer described the emergence of a "new mobility ecosystem" driven by consumer attitudes and rapid advances in technology.
Richard Kramer was not the only one on hand to christen the Goodyear Tire & Rubber Co.'s newest blimp. So was Akron native Savannah James.
Stanley Gault, former chairman and CEO of Goodyear Tire & Rubber Co., died on June 29, 2016, in his hometown of Wooster, Ohio. He was 90.
Goodyear Tire & Rubber Co.'s net sales and net income both dropped during the first quarter of 2016 compared to figures posted a year earlier.
Who do you want for President of the United States: Donald Trump? Hillary Clinton? Bernie Sanders? Ted Cruz? Rich Kramer?
Chairman and CEO Rich Kramer’s message to Goodyear Tire & Rubber Co. shareholders on April 11 was very positive. Phrases like “record levels of performance,” “positive momentum,” and “well-positioned to grow” were what the shareholders, board members (13 were re-elected) and employees in attendance wanted to hear.
Rich Kramer has been chairman and CEO of Goodyear Tire & Rubber Co. since October 2010. In his five-plus years at the helm, he has focused on a singular strategy: “to work from the market back” to deliver the tires dealers demand the most.