Goodyear Tire & Rubr Co Stock Price, News & Analysis

Cooper Tire has launched the Roadmaster RM832+ EM™, a SmartWay Verified steer tire designed for commercial long-haul use. It features an 18/32nds tread depth and a wide footprint for improved weight distribution and treadwear. The tire incorporates a patent-pending decoupling rib for durability and fuel efficiency, bolstered by Energy Max compounding that meets U.S. greenhouse gas standards. Available in seven sizes starting October 4, 2021, it also offers a six-year, two-retread warranty.

Goodyear (NASDAQ: GT) and Gatik announced a multi-year collaboration aimed at enhancing mobility solutions for the autonomous B2B short-haul logistics sector. This partnership seeks to improve safety and sustainability in goods movement while reducing costs for Gatik's customers. Goodyear Ventures participated in Gatik's Series B funding, enabling joint projects utilizing Goodyear SightLine technology, which monitors tire performance in real-time. This collaboration is expected to enhance operational efficiencies and safety for Gatik's expanding fleet across North America.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the adoption of 100% renewable energy at its plants in Europe and Turkey by 2022. This initiative is part of a broader climate strategy aiming to cut carbon emissions intensity by 25% from 2010 levels by 2023. With the purchase of approximately 700,000 megawatt-hours of renewable electricity, Goodyear expects to reduce its carbon footprint by up to 260,000 tons. The first phase includes plants in France, Germany, Luxembourg, Poland, Slovenia, Turkey, and the Netherlands.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced the pricing of a €400 million private offering of senior notes due 2028 by its European subsidiary, Goodyear Europe B.V. The notes, which will bear an interest rate of 2.750% per annum, are set to close on September 28, 2021. The proceeds will be utilized to redeem existing 3.75% Senior Notes due 2023 and for general corporate purposes. The offering is aimed at qualified institutional buyers outside the U.S., complying with relevant securities laws.

Goodyear (NASDAQ: GT) announced a private offering of €300 million in senior notes due 2028 through its European subsidiary, Goodyear Europe B.V. The notes, guaranteed by Goodyear and its U.S. and Canadian subsidiaries, aim to redeem existing 3.75% Senior Notes due 2023 and fund general corporate purposes. The offering is restricted to qualified institutional buyers and is not available to retail investors in the UK and EEA. The issuance is subject to typical market conditions.

On September 14, 2021, Goodyear Tire & Rubber Company (NASDAQ: GT) announced customized leasing options for Goodyear CheckPoint, an innovative drive-over-reader device that inspects tire pressure and tread depth, aimed at enhancing tire management for fleet operators. This initiative is designed to increase accessibility for national account fleets in the U.S. and Canada. Goodyear CheckPoint has already inspected over 1.5 million tires in North America this year, flagging 126,000 potential issues, significantly improving efficiency and reducing labor time by 90% for tire inspections.

The Goodyear Tire & Rubber Company (NASDAQ: GT) announced it will webcast its presentation at the Morgan Stanley Laguna Investor Conference on Sept. 15, 2021. The session, led by CFO Darren R. Wells, will provide a business overview, starting at 9 a.m. EDT. Investors can access the live webcast on Goodyear's investor relations website, with a replay available afterward. Goodyear, a leading tire manufacturer, operates 55 facilities in 23 countries and employs around 72,000 people, focusing on innovative products and services.

Cooper Tire has introduced its new Endeavor™ and Endeavor Plus™ tires, designed for cars, SUVs, and trucks, now available at select dealers. These tires feature a 65,000-mile warranty, promising reliable performance in various weather conditions. Consumer research guided their development, ensuring an emphasis on wet performance and treadwear. Key features include the Wear Square® indicator for tread life visibility and enhanced handling. Customers can also enjoy a 45-day test drive with their purchase, emphasizing Cooper Tire's commitment to safety and comfort.