Welcome to our dedicated page for Goodyear Tire & Rubr news (Ticker: GT), a resource for investors and traders seeking the latest updates and insights on Goodyear Tire & Rubr stock.
Goodyear Tire & Rubber reports recurring developments tied to its global tire manufacturing and sales business. The company makes and sells Goodyear-brand tires and related products and services for consumer, commercial, aviation, motorcycle, mining, farm and industrial uses across the Americas, EMEA and Asia Pacific.
Company news commonly covers quarterly results, tire unit volume, original-equipment and replacement demand, regional pricing and mix, raw-material and industry conditions, and benefits from Goodyear Forward cost actions. Other updates include portfolio changes following completed divestitures, brand and product campaigns such as the Eagle performance tire family, consumer-facing initiatives tied to Goodyear's heritage, and management appointments within regional and corporate functions.
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The Manufacturing Institute will honor Cooper Tire's Missy Irons and Goodyear's Arwen Kathke at the 10th annual STEP Ahead Awards on April 28 in Washington, D.C. The awards recognize women's contributions to the manufacturing industry, with winners selected based on innovation, leadership, mentorship, and community engagement. Irons and Kathke are part of a prestigious class of 130 honorees. Goodyear's CEO Rich Kramer emphasized their exceptional contributions to the business and community.
The Goodyear Tire & Rubber Company (NASDAQ: GT) will participate in a fireside chat at Wolfe Research's 2022 Global Auto, Auto Tech and Mobility Conference on February 24, 2022, at 3:50 p.m. EST. Darren R. Wells, executive vice president and CFO, will be interviewed by Rod Lache, managing director at Wolfe Research. A live webcast will be available on Goodyear's investor relations website, with a replay accessible post-event. Goodyear is a leading tire manufacturer with 72,000 employees and operations in 23 countries, focusing on innovative tire technology.
Goodyear's NASCAR Next Gen tire will debut at the 64th annual DAYTONA 500 on February 20, 2022. This new tire design, featuring an 18-inch wheel diameter, shorter sidewall, and wider contact patch, aims to enhance performance and grip for drivers. Developed over two years, the tire underwent rigorous testing at over 25 racetracks to ensure optimal functionality. Goodyear collaborated closely with NASCAR, race teams, and drivers, emphasizing its role in advancing the sport. The event will broadcast on FOX at 2:30 p.m. ET.
Goodyear Tire & Rubber Company (NASDAQ: GT) will participate in a virtual fireside chat hosted by Deutsche Bank on February 14, 2022, at 2 p.m. EST. The event will feature Darren R. Wells, the executive vice president and chief financial officer, and will be hosted by Emmanuel Rosner. Interested individuals can view the live Zoom video webinar on Goodyear's investor relations website. Goodyear is recognized as one of the largest tire manufacturers globally, employing around 72,000 people and operating 57 facilities across 23 countries.
Goodyear reported strong fourth quarter and full-year results for 2021, achieving $5.1 billion in sales, a 38% increase driven by the Cooper Tire merger and improved pricing. Fourth quarter net income rose to $553 million ($1.93 per share) from $63 million in 2020. Adjusted net income for the year was $553 million, compared to a net loss of $448 million in 2020. Despite inflationary pressures and higher raw material costs, the company anticipates substantial long-term growth, targeting $250 million in run-rate synergies from the merger.
The Goodyear Tire & Rubber Company (NASDAQ: GT) will release its fourth quarter and full-year 2021 financial results on February 11. The announcement will be followed by an investor conference call at 9 a.m. EST. Financial details will be made available on Goodyear's investor relations website prior to the call. Interested parties can access the call via the website or by telephone. Goodyear, employing about 72,000 people, operates 56 facilities across 23 countries and aims to lead in tire technology and performance.
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Goodyear Tire & Rubber Company (NASDAQ: GT) has appointed Christian Gadzinski as the new senior director of Investor Relations, effective January 10, 2022. Gadzinski brings extensive experience from his previous roles within the company, including a stint in investor relations and leadership in finance for the North American business. He succeeds Nick Mitchell, who has transitioned to focus on strategy and business development. Goodyear is one of the largest tire manufacturers globally, employing approximately 72,000 people across 55 facilities in 23 countries.
The Goodyear Tire & Rubber Company (NASDAQ: GT) has announced the development of a custom-engineered non-pneumatic tire for Starship delivery robots, aimed at enhancing tire longevity and lowering maintenance needs. Currently, the two companies are in an in-field testing phase at Bowling Green State University, yielding promising results in treadwear, braking, and vibrations. Goodyear's airless tire technology is positioned to support Starship's evolving delivery demands, helping to ensure reliability and cost efficiency for their fleet operating in diverse conditions.