Goodyear Tire & Rubr Co Stock Price, News & Analysis

The Goodyear Tire & Rubber Company announced the election of Norma B. Clayton to its Board of Directors, effective November 28, 2022. Clayton brings significant experience from her nearly 20 years at Boeing, where she held various leadership roles in operations, manufacturing, and human resources. Her expertise is expected to bolster Goodyear's strategic development and innovation efforts. Clayton is also involved in higher education, serving as chairperson of Tuskegee University. Goodyear operates in 23 countries and is one of the largest tire manufacturers globally.

The Goodyear Tire & Rubber Company (NASDAQ: GT) renewed its long-standing partnership with NASCAR through a new multi-year agreement, maintaining its exclusive tire supplier status for NASCAR's top three national series. This agreement solidifies Goodyear's role as the 'Official Tire of NASCAR' and the title sponsor of the Goodyear 400 race. Goodyear produces over 100,000 tires annually for NASCAR, leveraging its racing technology to enhance consumer products. The partnership is rooted in nearly 70 years of collaboration focused on innovation and performance in racing.

Goodyear Tire & Rubber Company Introduces New Wrangler Workhorse HT Tire

On November 14, 2022, Goodyear (NASDAQ: GT) unveiled the Wrangler Workhorse HT, an all-season tire designed for durability and performance in various terrains. It features a 60,000-mile treadwear warranty and incorporates innovative soybean oil technology, making strides toward sustainable manufacturing. Available in 34 sizes, this tire is compatible with popular SUVs and trucks like Ford Explorer and Chevrolet Silverado. Goodyear aims to replace petroleum oils in tires by 2040, reflecting its commitment to environmental responsibility.

The Goodyear Tire & Rubber Company (NASDAQ: GT) has partnered with Drive TLV, an Israeli mobility incubator, to enhance its presence in the Israeli mobility ecosystem. This collaboration aims to create investment and collaboration opportunities for Drive's network of over 50 mobility startups. Goodyear Ventures will connect with potential investments while leveraging its 125 years of industry expertise to support relevant startups. This partnership is expected to access cutting-edge technology and talent in Israel's dynamic innovation landscape.

This Veterans Day, Goodyear Auto Service and Just Tires are offering special discounts and free car care checks for U.S. military and first responders at over 550 locations nationwide. From November 10-14, eligible individuals presenting a valid ID can enjoy an additional 10% off tires and services. Goodyear, a leader in military tire production, emphasizes its long-standing support for the armed forces, having manufactured tires and vehicles for military use throughout its history. More details can be found on their official websites.

Mickey Thompson Tires & Wheels introduced new 42- and 44-inch tire sizes for its Baja Boss® M/T line at the SEMA show in Las Vegas on Nov. 2, 2022. The tires, designed for off-road enthusiasts, will be available in mid-2023, offering improved ground clearance and traction on rough terrains. The 42-inch tires are tailored for Jeep Wrangler and Gladiator models, while the 44-inch size caters to custom builds. Key features include PowerPly™ XD Construction for puncture resistance and an asymmetrical tread pattern for better handling.

Goodyear Tire & Rubber Company announced at the SEMA show a new line of 14 additional tire sizes for its Cooper Discoverer® Rugged Trek™ and STT Pro™ lines. The introduction includes larger flotation tires designed for off-road vehicles, specifically two new 37-inch options. These tires aim to meet the growing demand among off-road enthusiasts, featuring enhanced traction and durability. The expansion is part of a larger strategy responding to positive consumer feedback and aims to solidify Goodyear's market presence in the off-road tire segment.