Goodyear Tire & Rubr Co Stock Price, News & Analysis

Goodyear Tire & Rubber Company (NASDAQ: GT) partnered with Stark Area Regional Transit Authority (SARTA) to test intelligent tire sensors and prototype tires on SARTA's fleet of diesel and hydrogen fuel cell buses. This collaboration will utilize Goodyear's TPMS Plus technology to provide real-time tire condition data, optimizing maintenance and potentially reducing operational costs. Initial tests indicate improvements in fuel efficiency and reductions in bus breakdowns. The project aims to enhance safety, sustainability, and efficiency within public transportation.

At the 2021 SEMA Show, Goodyear's Mickey Thompson Tires & Wheels' Baja Legend EXP won the Best New Product Award in the Tire and Related Product category. The ET Street Front drag tire and Cooper Tire's Discoverer Snow Claw were recognized as Runner-Ups. This achievement marks a clean sweep for Goodyear in this category. Dominick Wycoff, president of Mickey Thompson, stated their commitment to innovation and quality in tire manufacturing, emphasizing the performance capabilities of their products.

Goodyear (NASDAQ: GT) has partnered with Waze to enhance the college football experience through a new navigation voice option featuring Kirk Herbstreit. Available until January 31, 2022, this collaboration allows fans to navigate to all 129 Division 1 college football stadiums, marked on the Waze map. Additionally, users can select a Goodyear Blimp icon for directions. In conjunction, Goodyear is hosting a 'Road to Greatness' sweepstakes until November 13, 2021, offering fans the chance to win tickets to major college football events.

The Goodyear Tire & Rubber Company (NASDAQ: GT) is set to report its third-quarter financial results on November 5, 2021. An investor conference call will follow at 9:30 a.m. EDT, with financial information available on their investor relations website. Goodyear is recognized as one of the largest tire manufacturers globally, with a workforce of approximately 72,000 and operations in 55 facilities across 23 countries. The company's innovation centers in Akron and Luxembourg focus on developing advanced tire technologies.

Goodyear Tire & Rubber Company (NASDAQ: GT) launched its new RT-3B bead-to-bead retread, designed for loaders and graders, enhancing its off-the-road (OTR) tire portfolio. The RT-3B provides significant cost savings of up to 60% compared to new tires, while promoting sustainability by reducing waste. Available in two sizes, 20.5R25 and 23.5R25, the retread features low heat generation, cut-resistance, and extended tire life. Goodyear, with decades of experience in retreading, aims to drive efficiency and lower ownership costs for its OTR customers.

The Goodyear Tire & Rubber Company (NASDAQ: GT) is inviting nominations for its 2020-2021 Highway Hero Award, honoring professional truck drivers who have selflessly acted for others on highways in North America. Nominations are open until Dec. 31, 2021, with winners announced in early 2022. The award, established decades ago, recognizes truck drivers' crucial roles in the trucking industry and highlights acts of heroism. Eligible nominees must reside in the U.S. or Canada and meet specific criteria. For more details, visit GoodyearTruckTires.com.

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.