The Goodyear Tire & Rubber Co - Company Profile
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Business Description
The Goodyear Tire & Rubber Co (Goodyear) manufactures and distributes tires and related products. It carries out the development, production, and marketing of tires for various applications; manufactures and commercializes rubber-related chemicals and industrial products; and provides related products and services such as retreads, automotive repair services, and merchandise purchased for resale.
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R&D Overview
The company’s research and development (R&D) focuses on improving existing products, and manufacturing methods and developing new products for serving its current and future customers in a better way. It operates three research and development facilities and technical centers, three development centers, one innovation lab, and seven tire proving grounds. In FY2023, the company spent US$461 million on R&D, which as a percentage of sales, stood at 2.3% and decreased 8% YoY. As of December 2023, Goodyear held 1,700 patents in the US and approximately 4,400 patents in other countries. It also holds 400 pending patent applications in the US and approximately 600 pending patent applications in other countries. The patents are related to various steps and processes included in the tire manufacturing process. The company also holds 1,600 trademarks which are protected by 9,200 registrations and 300 pending applications, globally.
Product Categories
- Chemical Sales
- Other
- Other Tire and Related Sales
- Retail Services and Service Related Sales
- Tire Unit Sales
Performance
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Performance
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Performance
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Performance
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Performance
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Geographical Segments
Overview
Carries out the development, manufacture, distribution, and sale of tires for automobiles, buses, earthmoving, mining and industrial equipment, trucks, aircraft, industrial equipment, and various other applications throughout North, Central, and South America. The segment also offers related products and services, such as retreaded tires, tread rubber; automotive and commercial truck maintenance and repair services; and chemical and natural rubber products. Brands include Assurance, Eagle, EfficientGrip Performance, Wrangler, WinterCommand, Ultragrip, Mastercraft, Dunlop, Grandtrek, SP Winter, Winter Maxx, Kelly, and Roadmaster.
Performance
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Overview
Develops, manufactures, distributes, and sells tires for automobiles, trucks, buses, aircraft, farms, earthmoving, mining, and industrial equipment throughout the Asia Pacific region. The segment also offers related products and services, including retreated truck and aviation tires, tread rubber, and automotive maintenance and repair services. Brands offered include Assurance, Navi 8, and EfficientGrip.
Performance
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Overview
Develops, manufactures, distributes, and sells tires for automobiles, trucks, buses, aircraft, motorcycles, and earthmoving, mining, and industrial equipment throughout Europe, the Middle East, and Africa. The segment also sells retreaded aviation tires and offers retreading services; related services for commercial trucks and earthmoving, mining, and industrial equipment; and automotive maintenance and repair. Offers products under Goodyear, Debica, Dunlop, Sava Fulda, and other in-house brands.
Performance
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