GOODYEAR INTRODUCES TWO HARD-WORKING TIRES FOR REGIONAL DELIVERY FLEETS

Rhea-AI Summary

Goodyear introduces RangeMax™ RSA® ULT and RangeMax™ RTD™ ULT tires for regional work vehicles, focusing on traction, range, and mileage. The tires aim to meet the evolving needs of regional pickup and delivery fleets by offering efficiency, durability, and versatility.

Automotive Industry Analyst

The introduction of Goodyear's new RangeMax RSA ULT and RTD ULT tires represents a strategic move to capitalize on the evolving needs of regional work vehicles, particularly with the increasing adoption of electric vehicles (EVs). These tires are designed to improve range efficiency, a critical factor for EVs, through low rolling resistance. The automotive industry is seeing a surge in demand for EV-compatible components and tires play a significant role in vehicle performance and efficiency. Goodyear's emphasis on tires that offer better rolling resistance and longer wear can potentially lead to cost savings for fleets in terms of fuel or energy consumption and tire replacement cycles.

Furthermore, the use of bio-based materials, such as soybean oil, aligns with the broader industry trend towards sustainability. This not only reduces petroleum use but may also appeal to environmentally conscious consumers and businesses aiming to lower their carbon footprint. As regional delivery services expand, partly due to the growth of e-commerce, the demand for durable and efficient tires is likely to increase, potentially boosting Goodyear's market share in this segment.

Environmental Sustainability Expert

The integration of Intellimax Technology and soybean oil tread compound in Goodyear's new tires reflects an increased focus on environmental sustainability within the tire manufacturing industry. The use of renewable materials is a step forward in reducing the environmental impact of tire production and use. By improving the rolling resistance of their tires, Goodyear not only enhances vehicle efficiency but also contributes to the reduction of greenhouse gas emissions from the transportation sector.

Additionally, the Three-Peak Mountain Snowflake (3PMSF) rating indicates that these tires are designed to perform well in severe snow conditions, which can be an important consideration for fleets operating in diverse climates. This certification can reassure fleet managers of the tires' capability to handle various weather conditions without compromising on safety or performance.

Market Research Analyst

Goodyear's release of the RangeMax RSA ULT and RTD ULT tires is likely to resonate well with the market, as it addresses key customer needs for durability, efficiency and versatility. The tires' ability to cater to both electric and traditional gas- or diesel-powered vehicles widens their appeal in a transitioning automotive market. As fleets look to optimize operations and reduce total cost of ownership, the promise of long miles to removal and reduced rolling resistance could drive adoption of these new products.

It's also worth noting that the company's commitment to listening to fleet partners and designing tires for specific applications may strengthen customer loyalty and brand reputation. Such customer-centric innovation can be a differentiator in a competitive market, potentially influencing stock performance positively as investors look for companies with strong market alignment and growth prospects.

New Goodyear RangeMax™ RSA® ULT and RangeMax™ RTD™ ULT tires balance traction, range* and mileage for work vehicles

AKRON, Ohio, March 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced two additions to its portfolio of Goodyear RangeMax tires: the RangeMax™ RSA^® ULT and the RangeMax™ RTD™ ULT. Engineered for electric and gas- or diesel-powered regional work vehicles, the latest Goodyear RangeMax tires are a steer-drive combo offering Goodyear's best regional pickup and delivery tires for traction, range* and mileage, regardless of drivetrain.

In response to growing demand trends within the regional delivery segment, as well as cost-savings and sustainability goals for fleets, the all-position RangeMax RSA ULT and RangeMax RTD ULT tires help deliver range efficiency through low rolling resistance and long miles to removal. 

"As the unique range, durability and versatility needs of regional pickup and delivery fleets evolve, we're constantly listening to our fleet partners to design superior tires for every application," said Rich Cottrell, senior director, Commercial Marketing, Goodyear North America. "Our latest RangeMax tires combine low rolling resistance with enhanced features like premium casings and long-lasting tread compounds to help increase vehicle uptime and protect fleets' investment."

RangeMax RSA ULT: Available in sizes 225/70R19.5 and 245/70R19.5, the RangeMax RSA ULT boasts 10% better rolling resistance compared to the Goodyear Fuel Max RSA ULT**. Additional features include:

• Intellimax Technology that helps stiffen tread for long miles to removal.
  
  
• Sawtooth Shoulder Groove Design and Advanced Tread Compounds provide an aggressive pattern for Mud + Snow and Three-Peak Mountain Snowflake (3PMSF)*** traction rating.

RangeMax RTD ULT: Available in sizes 225/70R19.5 and 245/70R19.5, the RangeMax RTD ULT utilizes a soybean oil tread compound and includes the following features:

• Designed with Bio-Based Material featuring innovative soybean oil technology that reduces petroleum use.
  
  
• A Firm Grip on the road due to a deep open-shoulder tread design that provides traction while still delivering long miles to removal.
  
  
• Meets Three-Peak Mountain Snowflake (3PMSF) traction rating delivering enhanced traction and acceleration in various weather conditions.

These and other new commercial tire products from Goodyear are part of Goodyear's Total Mobility solutions of trusted products, premier service network and complete tire management solutions. For more information, visit www.GoodyearTrucktires.com.

_{*Low rolling resistance is one factor that may help extend EV range. Actual range extension may vary and may be impacted by other conditions including weather, proper maintenance, driver behavior and road conditions.}

_{**The RangeMax RSA ULT tire has a lower rolling resistance than the Fuel Max RSA ULT tire in size 225/70R19.5.}

_{***Meets Three-Peak Mountain Snowflake (3PMSF) Traction Requirements.}

About The Goodyear Tire & Rubber Company

Goodyear is one of the world's largest tire companies. It employs about 71,000 people and manufactures its products in 55 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

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SOURCE The Goodyear Tire & Rubber Company

What are the new additions to Goodyear's RangeMax tires portfolio?

The new additions are RangeMax™ RSA® ULT and RangeMax™ RTD™ ULT tires.

What types of work vehicles are the new Goodyear tires engineered for?

The tires are engineered for electric and gas- or diesel-powered regional work vehicles.

What features do the RangeMax RSA ULT tires offer?

Features include Intellimax Technology, Sawtooth Shoulder Groove Design, and Advanced Tread Compounds for traction and durability.

What is the main feature of the RangeMax RTD ULT tires?

The main feature is the use of a soybean oil tread compound for reduced petroleum use and enhanced traction.

What is the purpose of Goodyear's Total Mobility solutions?

Total Mobility solutions offer trusted products, premier service network, and complete tire management solutions.

How can low rolling resistance impact EV range?

Low rolling resistance may help extend EV range, but actual extension may vary based on various conditions.

What is the difference in rolling resistance between RangeMax RSA ULT and Fuel Max RSA ULT tires?

The RangeMax RSA ULT tires have 10% better rolling resistance than the Fuel Max RSA ULT tires in size 225/70R19.5.

What traction rating do the RangeMax RTD ULT tires meet?

The tires meet the Three-Peak Mountain Snowflake (3PMSF) traction rating for enhanced traction in various weather conditions.