Welcome to our dedicated page for Goodyear Tire & Rubr Co news (Ticker: GT), a resource for investors and traders seeking the latest updates and insights on Goodyear Tire & Rubr Co stock.
Goodyear Tire & Rubber Co (GT) is a global innovator in tire manufacturing, serving automotive, commercial, and industrial markets worldwide. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments directly affecting market positioning and operational strategy.
Access authoritative updates including quarterly earnings reports, product innovation announcements, and strategic partnerships. Our curated collection ensures you stay informed about sustainability initiatives, supply chain developments, and leadership changes impacting one of the world's most recognized tire manufacturers.
Bookmark this page for streamlined access to press releases, regulatory filings, and analysis of market trends affecting Goodyear's operations across the Americas, EMEA, and Asia-Pacific regions. Regular updates provide critical insights into how GT adapts to evolving industry demands through its Goodyear Forward transformation strategy.
Goodyear Tire & Rubber Company (NASDAQ: GT) announced the retirement of Gary VanderLind, Senior Vice President and Chief Human Resources Officer, effective July 1, 2024. Nicole Gray will succeed him. CEO Mark Stewart praised VanderLind's nearly 40-year tenure, highlighting his contributions to organizational capability and associate engagement. Gray, who joined Goodyear in 2016, has extensive experience in labor and employment law, and has held senior HR leadership roles. Her appointment is seen as a strategic move to advance Goodyear's global HR functions and workforce planning.
The Goodyear Tire & Rubber Company (NASDAQ: GT) reported a first quarter 2024 net loss of $57 million, with an adjusted net income of $29 million. The segment operating income was $247 million, reflecting a strong performance. The Americas segment operating income more than doubled from the prior year to $179 million, with a segment operating margin of ~7.0%. The Asia Pacific segment operating margin increased by 350 basis points to 10.0%. The Goodyear Forward transformation initiatives delivered $72 million. The company's first quarter 2024 sales were $4.5 billion with tire unit volumes totaling 40.4 million.
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