Racing

Goodyear and NASCAR Sign Multi-Year Contract

Posted on November 20, 2017

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.

NASCAR and Goodyear announced a multi-year sponsorship agreement over the weekend that ensures Goodyear is the exclusive tire of NASCAR’s top three national series.

The newly signed agreement continues Goodyear’s designation as the “Official Tire of NASCAR” and extends an uninterrupted relationship that started in 1954. Goodyear and NASCAR’s six decade-long relationship is one of the longest-running sponsor programs in any major sport.

“For more than half a century, NASCAR and our teams have trusted Goodyear tires," says Brent Dewar, NASCAR president. "Our partners’ commitment to innovation and excellence plays a key role in our unyielding pursuit to deliver the best racing product in the world.”

From the introduction of the racing slick in 1972 to the radial tire in 1989 to multi-zone tread design in 2013, Goodyear and NASCAR have consistently innovated to deliver compelling racing. NASCAR has served as a proving ground for Goodyear, preparing and supplying tires that meet the most grueling and demanding conditions.

The technology that goes into a tire to withstand and perform in those conditions helps inform and differentiate Goodyear’s consumer tires.

“We are tremendously proud of the pivotal role Goodyear plays in the best racing competition in the world and excited that NASCAR drivers will be crossing the finish line on Goodyear tires in the years ahead,” said Richard J. Kramer, chairman, chief executive officer and president of Goodyear. “With this new agreement in place, we celebrate our enduring relationship with NASCAR and the continuing value of NASCAR to the Goodyear brand.”

Goodyear produces more than 100,000 tires for NASCAR’s top three series every year, and each tire is not only custom-built by the hands of Goodyear associates in Akron, Ohio, but also marked with the name of the employee who helped produce it.

For five consecutive years, Goodyear has been the most-recognized sponsor in NASCAR, according to the 2016 NASCAR sponsor loyalty survey conducted for SportsBusiness Journal/Daily by Turnkey Sports & Entertainment.

NASCAR (National Association for Stock Car Auto Racing Inc.) consists of three national series: the Monster Energy NASCAR Cup Series, NASCAR Xfinity Series, and NASCAR Camping World Truck Series. It also is the governing body for four regional series, one local grassroots series and three international series.

Overall, NASCAR sanctions more than 1,200 races in more than 30 U.S. states, Canada, Mexico and Europe.

For more information about Goodyear and its products, visit www.goodyear.com.

Related Topics: Brent Dewar, motorsports, NASCAR, offiicial tire, Rich Kramer

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