Goodyear Tire & Rubber Co. released its first-quarter 2018 financial results on April 25. Sales were up compared to the same period in 2016. Net income was down, as was unit volume. Operating income was down as well.
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.