Here’s Goodyear Tire & Rubber Fell 36.8% in 2018

What happened Shares of Goodyear Tire & Rubber ( NASDAQ:GT ) slid nearly 37% last year, according to data from S&P Global Market Intelligence . The business couldn’t shake investor concerns over higher crude oil and steel prices, which led to a significant increase in raw-material costs and eroded profit margins, or the ongoing trade war between the United States and China, which threatened to result in tariffs capable of slowing the business.

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Mergers, acquisitions help to define 2018

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Merger-and-acquisition activity soared to unprecedented heights in 2018, especially in the North American wholesale and retail sectors.

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A Short History of Newburyport’s Shoe Industry

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John Shoe manufacturing was the main industry in Newburyport for the better part of a century, employing thousands, sustaining the local economy and populating the downtown with four and five story factories. My Dodge forebears commenced manufacturing boots and shoes on a truly industrial and increasingly mechanized scale in 1867, but that is hardly when shoe making began in Newburyport. Elisha Perkins Dodge Or should I say boot making?

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Here’s Why Goodyear Tire & Rubber Fell 11.9% in December

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Shares of Goodyear Tire & Rubber (NASDAQ: GT) fell nearly 12% last month, according to data from S&P Global Market Intelligence . The global tire manufacturer owns a portfolio of 47 manufacturing facilities in 21 countries, but that planet-spanning diversification has turned into more of a liability in recent years.

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Goodyear Renews Cotton Bowl Sponsorship

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The Goodyear Tire & Rubber Co. signed a multi-year agreement renewing its title sponsorship of the Goodyear Cotton Bowl Classic played annually at AT&T Stadium in Arlington, Texas.

With the agreement, Goodyear extends its more than six-decade association with college football that started with the Goodyear Blimp providing aerial coverage of the 1955 Rose Bowl. From the Rose Bowl to the Cotton Bowl, the blimp has covered more than 2,000 college football games.

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Goodyear extends Transaid support

Goodyear has renewed its corporate membership of international development organisation Transaid for a further year. Transaid’s life-saving projects in sub-Saharan Africa, with its financial contribution providing essential unrestricted funding towards the testing and implementation of new programmes aimed at improving road safety and access to healthcare. Goodyear originally pledged its support in 2015.

 

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Global Specialty Tires Market Report 2018-2022: Online Tire e-Retailing Market Gaining Traction & Development of Airless Tires Gaining Momentum

DUBLIN, Jan. 2, 2018 /PRNewswire/ — The “Global Specialty Tires Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering. The specialty tires market will register a CAGR of close to 4% by 2022. The development of airless tires to push growth in the market. Automotive…

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Goodyear to expand capacity 25% at Slovenia plant

Kranj, Slovenia — Goodyear is planning to expand capacity at its Goodyear Dunlop Sava Tires plant in Kranj by about 25% by 2022 with the addition of building equipment for larger rim-diameter tires.

The expansion, valued at $107 million, will add more than 58,000 square feet to the factory that Goodyear has owned since 1998. The expansion will boost capacity by 1.8 million units a year and create up to 160 jobs, Goodyear said.

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Goodyear shuts down in Venezuela, gives tires as severance

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Goodyear Tire & Rubber Co. is halting its Venezuela operations and laying off its local workforce, union officials said mid-December, the latest foreign corporation to close shop in the crisis-torn county.

Employees arrived at the company’s lone plant in the industrial city of Valencia to find it closed with a letter posted on the door, “Goodyear Venezuela has been forced to cease operations.”

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Goodyear announce two new senior leadership appointments

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Goodyear Tire announced two new executive appointments, effective January 1, 2019.

Jon Bellissimo, vice president, Americas Product Development and head of Goodyear Chemical, will become senior vice president, Global Operations & Technology. In his new role, Bellissimo will provide executive leadership for Goodyear’s Global Engineering; Quality; Procurement; Manufacturing and Environmental, Health, Safety & Sustainability; Sales & Operations Planning and Project Management functions.

Read the source article at Traction News