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.
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.
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.