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The Goodyear Tire & Rubber Company - $GT STOCK NEWS

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Rhea-AI Summary
Goodyear (GT) CEO Rich Kramer honored with NASCAR's prestigious Bill France Award of Excellence for his leadership and contributions to the sport. The award recognizes Goodyear's 70-year relationship with NASCAR, real-time tire intelligence capability development, and support during COVID-19. Kramer's recognition reflects Goodyear's long-term partnership and shared values with NASCAR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
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Rhea-AI Summary
The Goodyear Tire & Rubber Company (NASDAQ: GT) has appointed Joe Burke as the vice president of its North America Commercial business, succeeding Dave Beasley, who is retiring after nearly 40 years with the company. Burke has a proven track record of delivering strong results in both the Global Aviation and North America commercial businesses, with deep knowledge of the commercial tire and service industry. He has previously led commercial sales and original equipment account teams and played a key role in bringing Goodyear's fleet solutions to the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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Rhea-AI Summary
The Goodyear Blimp (GT) will make its first-ever appearance at a Professional Pickleball Association (PPA Tour) tournament, marking a significant moment for the sport's growth. The blimp will provide aerial coverage for the CIBC PPA Tour Finals, symbolizing Pickleball's arrival as a professional sport. The sport has experienced an average growth rate of 158.6% over the last three years, with over 36.5 million players. The event will be broadcasted on FS1 at 3 p.m. PST.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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Rhea-AI Summary
Goodyear (NASDAQ: GT) to Host Annual Toys for Tots Donation Drive at California, Florida, and Ohio Blimp Bases. Goodyear announced its 13th consecutive partnership with the U.S. Marine Corps Reserve for the Toys for Tots Foundation. The events will provide a chance for the public to donate to Toys for Tots while enjoying an up-close view of the iconic Goodyear Blimp. New and unwrapped toy donations will be accepted in-person or via mail until Dec. 3. The enduring partnership reflects Goodyear's commitment to community service and aligns with the Marine Corps' Toys for Tots Program goals. Goodyear's Blimp base locations accepting donations are in California, Florida, and Ohio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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Rhea-AI Summary
Goodyear (NASDAQ: GT) CEO Richard J. Kramer to retire in 2024 after 24 years, 14 years as Chairman, CEO and President. The company announces the appointment of a leading executive search firm to execute a search for Kramer's successor. Under Kramer's leadership, Goodyear delivered the five highest years of annual segment operating income in its history, led a transformation of the business, navigated through the COVID-19 pandemic, and completed its largest-ever acquisition. The company also announced the Goodyear Forward Transformation Plan to optimize its portfolio, deliver margin expansion, and address net leverage to drive sustainable, long-term shareholder value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
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Rhea-AI Summary
Goodyear Tire & Rubber Company (NASDAQ: GT) announces 'Goodyear Forward' transformation plan, aiming to optimize portfolio, expand margins, and reduce leverage to create substantial shareholder value. Gross proceeds in excess of $2 billion, cost reduction actions totaling $1.3 billion, segment operating income margin doubling to 10%, and net leverage of 2.0x – 2.5x by end of 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.78%
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none
Rhea-AI Summary
The Goodyear Tire & Rubber Company (NASDAQ: GT) will provide an update on Nov. 15 regarding the comprehensive assessment led by the Strategic and Operational Review Committee of its Board of Directors. The update will discuss the committee's recommendations to maximize shareholder value creation. The public call will be held at 8:30 a.m. EST and can be accessed on the company's investor relations website or via telephone. A replay will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
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Rhea-AI Summary
The Goodyear Tire & Rubber Company (NASDAQ: GT) reported its third-quarter 2023 results. The company will host an investor call on November 7th. Goodyear is one of the world's largest tire companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.04%
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Rhea-AI Summary
The Goodyear Tire & Rubber Company (NASDAQ: GT) will report its third quarter 2023 financial results on November 6, followed by an investor conference call on November 7. The company will publish its results in the form of an Investor Letter on its investor relations website. The investor call can be accessed on the website or via telephone. Goodyear is one of the world's largest tire companies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
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Rhea-AI Summary
The Goodyear Tire & Rubber Company has completed its largest solar panel installation at its Pulandian manufacturing plant in Dalian, China. The installation consists of over 29,700 solar panels that will power the plant, office, and warehouse buildings. It is estimated to reduce carbon emissions by 17,000 metric tons per year over 25 years. Goodyear aims to transition its manufacturing operations to all renewable energy by 2040, with a mid-term goal of 100% renewable electricity by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
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The Goodyear Tire & Rubber Company

Nasdaq:GT

GT Rankings

GT Stock Data

3.51B
281.68M
0.66%
86.34%
6.75%
Tire Manufacturing (except Retreading)
Manufacturing
Link
United States of America
AKRON

About GT

goodyear is one of the world's largest tire companies, with operations in most regions of the world. together with its subsidiaries and joint ventures, goodyear develops, markets and sells tires for most applications. goodyear operates 50 plants in 22 countries, with its world headquarters located in akron, oh, usa.