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Monday, July 15


News

Goodyear Declares Dividend on Common Stock

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AKRON, Ohio, July 15, 2019 /PRNewswire/ -- Directors of The Goodyear Tire & Rubber Company (GT) have declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable Sept. 3, 2019, to shareholders of record on Aug. 1, 2019. The payout represents an annual rate of 64 cents per share. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

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Friday, July 12


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Fifty Years After Going to the Moon, Goodyear Looks to Space to Enhance Tire Performance

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AKRON, Ohio, July 12, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) is reaching for the stars again to enhance tire performance by testing components in space as part of a project launching this month to the International Space Station (ISS) U.S. National Laboratory. By gathering knowledge from this evaluation, Goodyear engineers and scientists can determine if unique forms of precipitated silica might be considered in tires to enhance performance. Goodyear brakes helped the missiles move into place on the launch pads; a Goodyear "purge and conditioning" system helped the engines circulate nitrogen, oxygen and hydrogen; the window frame of the command module was Goodyear-manufactured, as was the panel on which the landing instruments were mounted. When Apollo 11 splashed down into the ocean upon its return to Earth, the capsule was kept upright by Goodyear-made flotation bags, so the astronauts could crawl into recovery rafts. This year, Goodyear's in-space evaluation is being conducted through an agreement with the ISS U.S. National Laboratory, which works in cooperative agreement with NASA to fully utilize the orbiting laboratory with innovative science and technology demonstrations capable of benefitting life on Earth. Astronauts aboard the ISS will conduct the Goodyear-prepared silica experiment while Goodyear scientists will simultaneously carry out the same experiment in the company's labs, allowing a comparison when the space research results – frozen for the journey back to Earth – are studied later.

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Wednesday, July 03


News

Here's Why Shares of Goodyear Tire Bounced in June

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Here's Why Shares of Goodyear Tire Bounced in June. Shares of Goodyear Tire & Rubber (NASDAQ: GT) rallied 14.1% in June, according to data provided by S&P Global Market Intelligence, following a rare piece of good news in what has been an otherwise dismal year for auto suppliers. So what. Goodyear Tire was no exception to that trend, with the shares down 26% year to date even after a strong June and down as much as 35% for the year as recently as late May. May was particularly tough on Goodyear due to the threats of a new round of tariffs against Mexico, a major supplier to the auto sector, which led to a number of analyst downgrades or price target cuts of Goodyear stock.

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Friday, June 21


News

Goodyear to Supply Airbus A321XLR with Flight Radial Tires

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AKRON, Ohio, June 21, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) has been conditionally selected as a supplier by Airbus to provide its Flight Radial tires as main and nose landing gear for Airbus' new A321XLR aircraft. The Flight Radial, one of Goodyear's most advanced aviation products, incorporates Goodyear Featherweight Alloy Core Bead Technology and strong, rigid tread belts with enhanced rubber that offer dimensional stability, longer service life and increased cut resistance. "Goodyear's Flight Radial Tires will be an excellent fit for the new Airbus A321XLR and we look forward to serving as a supplier of this impressive aircraft," said Dan Smytka, Goodyear's president of off-highway businesses. This success continues the long-standing relationship and collaboration between Airbus and Goodyear and underscores Goodyear's commitment to supplying the aviation industry with premium products and services.

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Tuesday, June 11


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Goodyear Highlights Evolving Commitment to Corporate Responsibility in Annual Report

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AKRON, Ohio, June 11, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) today released its annual report on corporate responsibility performance. The report summarizes the company's actions in 2018 through four new strategic focus areas that demonstrate Goodyear's commitment to ethical and sustainable practices to protect the planet, give back to the community, provide a safe, diverse and healthy workplace, and engage employees in these efforts. "Today's consumers favor convenience, safety, and advanced technologies, and many are socially conscious—wanting the brands they buy to be a part of solving the environmental and social challenges of our time," said Richard J. Kramer, chairman, chief executive officer and president. In 2018, Goodyear formalized its commitment to responsibly source natural rubber with the creation of a Natural Rubber Procurement Policy, which works to address various social, environmental, and economic concerns and opportunities associated with the production of this important commodity.

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Thursday, June 06


News

Goodyear Recognized by General Motors and Ford for Excellence in Original Equipment

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AKRON, Ohio, June 6, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) has been recognized as a top performing global supplier by both The Ford Motor Company and General Motors for achieving the highest levels of excellence in the industry as an original equipment supplier. Hau Thai-Tang, Ford chief product development and purchasing officer and Linda Cash, Ford vice president, quality and new model programs, presented Goodyear with the award. Goodyear also received the GM Supplier of the Year award for the second consecutive year during the General Motors 27th annual Supplier of the Year awards ceremony held on May 15 in Detroit. "Goodyear values our relationship with original equipment customers like GM and Ford because they challenge us to take technology and innovation to the next level."

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Wednesday, June 05


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Why Goodyear Tire & Rubber Shares Fell 30% in May

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Why Goodyear Tire & Rubber Shares Fell 30% in May. Anders Bylund, The Motley FoolMotley FoolJune 5, 2019, 3:22 AM UTC. What happened. There was no watershed moment that brought the tire-making veteran to its knees last month, but more of a steady slide that really started in early 2018. One week later, KeyBanc initiated coverage of the stock with a "sector weight" rating -- which doesn't sound too terrible until you consider that the entire automotive industry is under pressure these days. According to Goodyear CEO Rick Kramer, in April's first-quarter earnings call, tariffs on tires imported from China will face a border-crossing levy between 42% and 45% when all of the currently announced tariffs take effect.

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Wednesday, May 29


News

Goodyear Hosts Third Annual Global Week of Volunteering

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--More than 30 locations worldwide to participate in global effort in the Americas, EMEA and Asia Pacific. AKRON, Ohio, May 29, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company will highlight its commitment to volunteerism and caring for communities with its third annual Global Week of Volunteering, May 30 through June 5. Since its inception, the Global Week of Volunteering has contributed more than 15,000 hours of volunteer service performed by thousands of associates in 22 locations where Goodyear operates. "Our associates are giving their time and talents to deserving non-profits around the world this week, which is symbolic of the work Goodyear does year-round to help the communities where we operate," Laura Duda, Goodyear's senior vice president of Global Communications, said. Goodyear teams will perform hands-on volunteer work and extend professional services to non-profit organizations in more than 30 locations around the world. Some of the activities on the Global Week of Volunteering schedule for 2019 include: revitalizing a part of the Kokra River Canyon with the Center for Sustainable Development in Kranj, Slovenia; hosting a bicycle safety event at Primary School Number 10 in Debica, Poland; and teaching high school students decision-making skills and personal finance management with the Boys & Girls Club in Carson, California.

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Thursday, May 16


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Goodyear Auto Service and Just Tires Honor Military Service; Offer Free Car Care Checks and Exclusive Discounts this Memorial Day

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AKRON, Ohio, May 16, 2019 /PRNewswire/ -- Goodyear Auto Service and Just Tires have teamed up to observe Memorial Day with a donation to the Honor and Remember organization and offer special discounts, including free car care checks, to current and past members of the U.S. military. For the first 2,000 free car care checks scheduled, Goodyear will make a $5 donation up to $10,000 to Honor and Remember, a military support organization dedicated to perpetually and publicly recognizing the sacrifice of fallen military members and their families through its establishment of a national symbol of remembrance, the Honor and Remember flag. In addition, military customers who schedule an appointment from May 23-27 for any service before June 13 will receive a free car care check as well as 10% off of Goodyear tires. "Our associates take great pride in our history of making tires, planes and blimps for the U.S. armed forces, and we are grateful for every opportunity we have to honor and support those who have served our country." Goodyear's military roots trace back more than 100 years and include the building of tires and equipment to support and protect U.S. troops as well as more than 150 blimps for the U.S. Navy during World War I and II and more than 5,000 Corsair fighter planes for the U.S. Army.

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Wednesday, May 15


News

KB Home Announces the Grand Opening of Terra de Oro in Goodyear

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KB Home (KBH) today announced that Terra de Oro, its latest collection of new single-family homes in Goodyear, is now open for sales. With up to four bedrooms and two baths, and ranging in size from approximately 1,500 to 2,000 square feet, the KB homes at Terra de Oro feature desirable design characteristics like covered patios, dens, spacious great rooms and elegant master suites. “Terra de Oro offers KB homebuyers easy access to some of the best urban, recreational and natural amenities of the greater Phoenix area,” said Kevin McAndrews, president of KB Home’s Phoenix division. The KB homes at Terra de Oro will be built to current ENERGY STAR® certification guidelines and include WaterSense® labeled faucets and fixtures, meaning they are designed to be more energy and water efficient than most typical new and resale homes available in the area.

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