Goodyear Tire and Rubber Company

The Goodyear Tire & Rubber Company
Company typePublic
IndustryManufacturing
FoundedAugust 29, 1898 (1898-08-29)
Akron, Ohio, U.S.
FounderFrank Seiberling
Headquarters
Akron, Ohio
,
U.S.
Number of locations
1,240 tire and auto service centers
57 facilities
Area served
Worldwide
Key people
Mark Stewart (Chairman, President, and CEO)
ProductsTires
RevenueDecrease US$12.32 billion (2020)
Decrease US$−538 Million (2020)
Decrease US$−1.254 billion (2020)
Total assetsDecrease US$16.506 billion (2020)
Total equityIncrease US$5.4 billion (2020)
Number of employees
72,000 (2021[1])
SubsidiariesList of subsidiaries
Websitegoodyear.com
Footnotes / references
[2]

The Goodyear Tire & Rubber Company is an American multinational tire manufacturer headquartered in Akron, Ohio. Goodyear manufactures tires for passenger vehicles, aviation, commercial trucks, military and police vehicles, motorcycles, RVs, race cars, and heavy off-road machinery. It also licenses the Goodyear brand to bicycle tires manufacturers, returning from a break in production between 1976 and 2015.[3] As of 2017, Goodyear is one of the top four tire manufacturers along with Bridgestone (Japan), Michelin (France), and Continental (Germany).[4]

Founded in 1898 by Frank Seiberling, the company was named after American Charles Goodyear (1800–1860), inventor of vulcanized rubber. The first Goodyear tires became popular because they were easily detachable and required little maintenance.[5] Though Goodyear had been manufacturing airships and balloons since the early 1900s, the first Goodyear advertising blimp flew in 1925. Today, it is one of the most recognizable advertising icons in America.[6]

The company is the sole tire supplier for NASCAR series and the most successful tire supplier in Formula One history, with more starts, wins, and constructors' championships than any other tire supplier.[7] They pulled out of the sport after the 1998 season. Goodyear was the first global tire manufacturer to enter China when it invested in a tire manufacturing plant in Dalian in 1994. Goodyear was a component of the Dow Jones Industrial Average between 1930 and 1999.[8] The company opened a new global headquarters building in Akron in 2013.

  1. ^ "Our Company".
  2. ^ "The Goodyear Tire & Rubber Company 2017 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 2018.
  3. ^ "Goodyear Returns to Bicycle Tires". Bloomberg.com. March 2, 2015. Retrieved January 19, 2018 – via www.bloomberg.com.
  4. ^ "Leading tyre manufacturers". Tyrepress. September 26, 2013. Retrieved March 13, 2018.
  5. ^ O'Reilly, Maurice (1983). The Goodyear Story. Benjamin Company. pp. 13–21. ISBN 978-0-87502-116-4.
  6. ^ Terdiman, Daniel. "Goodyear bids goodbye to blimps, says hello to zeppelins". CNET. Retrieved December 30, 2014.
  7. ^ "FormulaSPEED2.0". Archived from the original on March 27, 2012. Retrieved December 29, 2011.
  8. ^ "History of DJIA". globalfinancialdata.com. Archived from the original on September 26, 2007.