Goodyear

Company Overview:

Goodyear Tire and Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank A. Seiberling. Headquartered in Akron, Ohio, it is one of the largest tire companies in the world.

Business Segments:

1. Tire Business: This segment accounts for the majority of Goodyear's revenue and includes the production and sale of tires for various industries such as passenger cars, commercial trucks, buses, aircraft, and off-road equipment.
2. Dunlop Business: This business unit operates under a license agreement with Dunlop Ltd., a UK-based tire company, to manufacture and distribute Dunlop tires in certain markets.
3. Specialty Operations: This segment includes businesses such as the National Tire Distributors (NTD) logistics provider for independent tire dealers and the Goodyear Fleet Services provider of fleet tire management solutions.

History:

• 1898: Frank A. Seiberling founded Goodyear with a $2,500 investment.
• 1905: The company began producing its first tires.
• 1911: Goodyear introduced its iconic winged-foot logo.
• 1920s-1940s: Goodyear expanded globally and became one of the largest tire manufacturers in the world.
• 1950s-1960s: Goodyear introduced new tire technologies, including radial tires.

Products and Services:

1. Tires: Goodyear produces a wide range of tires for various industries, including passenger cars (e.g., Assurance, Eagle), commercial trucks (e.g., G159, G305), buses (e.g., G327), aircraft, and off-road equipment.
2. Automotive Services: Goodyear offers tire-related services such as wheel alignments, balancing, and flat repairs through its retail network.

Innovation:

1. Tire Technology: Goodyear has developed various innovative tire technologies, including:
   • Eagle F1 SuperCar 3D: A high-performance tire with a unique tread design.
   • G327: A bus tire designed to improve fuel efficiency and reduce emissions.
2. Digital Services: Goodyear offers digital services such as the Goodyear Tire Center app for customers to locate tires, schedule service appointments, and receive promotions.

Financials:

As of 2022:

1. Revenue: Approximately $15 billion
2. Net Income: Around $900 million

Awards and Recognition:

Goodyear has received numerous awards and recognitions, including:

• Fortune Magazine's "Best Place to Work" (2019)
• Newsweek's "Green Companies of the Year" (2020)

Sustainability Efforts:

1. Energy Conservation: Goodyear aims to reduce its energy consumption by 25% by 2030.
2. Waste Reduction: The company targets a 50% reduction in waste generation by 2025.

Global Presence:

Goodyear has operations and partnerships across the globe, with production facilities and sales networks in:

• Americas (USA, Canada, Latin America)
• Europe (UK, Germany, France, etc.)
• Asia Pacific (China, Japan, India, etc.)