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Goodyear Tire and Rubber Company

The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based 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 makes bicycle tires, having returned from a break in production between 1976 and 2015.[3] As of 2017, Goodyear is one of the top five tire manufacturers along with Bridgestone (Japan), Michelin (France), Continental (Germany) and MRF (India).[4]

The Goodyear Tire & Rubber Company
Logo used since 1968
Goodyear's new headquarters building in Akron, Ohio
TypePublic
IndustryManufacturing
FoundedAugust 29, 1898; 124 years ago (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
Richard J. Kramer (Chairman, President, and CEO)
ProductsTires
Revenue US$12.32 billion (2020)
US$−538 Million (2020)
US$−1.254 billion (2020)
Total assets US$16.506 billion (2020)
Total equity US$5.4 billion (2020)
Number of employees
72,000 (2021[1])
SubsidiariesList of subsidiaries
Websitegoodyear.com
Footnotes / references
[2]

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.

History

 
Goodyear factory buildings and old former headquarters complex

Early history 1898–1926

The first Goodyear factory opened in Akron, Ohio, in 1898. The company originally manufactured bicycle and carriage tires, rubber horseshoe pads, and poker chips, and grew with the advent of the automobile.[9]

In 1901, Goodyear founder Frank Seiberling provided Henry Ford with racing tires.[10] In 1903, Goodyear president, chairman and CEO Paul Weeks Litchfield was granted a patent for the first tubeless automobile tire.[11]

In 1916, Litchfield found land in the Phoenix area suitable for growing long-staple cotton, which was needed to reinforce its rubber in tires. The 36,000 acres purchased were controlled by the Southwest Cotton Company, formed with Litchfield as president. (This included land that would develop into the towns of Goodyear and Litchfield Park.)

In 1924, Litchfield forged a joint venture with the German Luftschiffbau Zeppelin Company to form the Goodyear-Zeppelin Corporation.[12] From the late 1920s to 1940, the company worked with Goodyear to build two Zeppelins in the United States. The partnership continued even when Zeppelin was under Nazi control and only ended after World War II began.[13]

Expansion 1926–1970

 
Paul Litchfield, inventor of the tubeless car tire who promoted the Zeppelin partnership and later became Goodyear president and board chairman.

On August 5, 1927, Goodyear had its initial public offering and was listed on the New York Stock Exchange.[14]

By 1930, Goodyear had pioneered what would later become known as "tundra tires" for smaller aircraft—their so-called low inflation pressure "airwheel" aviation wheel-rim/tire sets were initially available in sizes up to 46 inches (117 cm) in diameter.[15]

Over the next few decades, Goodyear grew to become a multinational corporation. It acquired their rival Kelly-Springfield Tire in 1935. During World War II Goodyear manufactured F4U Corsair fighter planes for the U.S. Military. Goodyear ranked 30th among United States corporations in the value of wartime production contracts.[16] WWII forced the dissolution of the Goodyear-Zeppelin partnership in December 1940. By 1956 they owned and operated a nuclear processing plant in Ohio.

In 1944, Goodyear created a subsidiary in Mexico in a joint venture with Compañía Hulera, S.A. de C.V., Compañía Hulera Goodyear-Oxo, S.A. de C.V. or Goodyear-Oxo.

Radial tire transition

Goodyear is the only one of the five biggest tire firms among US tire manufacturers in 1970 to remain independent into the 21st century. Goodyear's success was partly due to the challenge posed by radial tire technology, and the varied responses.[17] At the time, the entire US tire industry produced the older bias-ply technology. Estimates to fit factories with new machinery and tools for making the new product were between $600 million and $900 million. This was a substantial amount in a low margin business with sales revenue in the low billions.[18] The US market was slowly shifting towards the radial tire, as had already been the case in Europe and Asia. In 1968, Consumer Reports, an influential American magazine, acknowledged the superiority of radial construction, which had been developed in 1946 by Michelin.[18][19]

When Charles J. Pilliod Jr. became CEO in 1974, he faced a major investment decision regarding the radial tire, which today has a market share of nearly 100%.[20] Despite heavy criticism at the time, Pilliod invested heavily in new factories and tooling to build the radial tire.[21] Sam Gibara, who headed Goodyear from 1996 to 2003, has noted that without the action of Pilliod, Goodyear "wouldn't be around today."[21]

Sales for 1969 topped $3 billion. Five years later sales topped $5 billion and Goodyear operated in 34 countries. In 1978, the original Akron plant was converted into a Technical Center for research and design. By 1985, worldwide sales exceeded $10 billion.

Goodyear Aerospace, a holding that developed from the Goodyear Aircraft Company after World War II, designed a supercomputer for NASA's Goddard Spaceflight Center in 1979, the MPP. The subsidiary was sold in 1987 to the Loral Corporation as a result of restructuring.

In 1987, Goodyear formed a business partnership with Canadian tire retailer Fountain Tire.[22]

Diversification and Goldsmith affair 1986

In the 1980s, incoming Goodyear CEO Robert E. Mercer argued that the tire and automobile-related businesses that formed the core of Goodyear to that date were slow growing and a handicap. He set a strategy "to get away from the cyclical nature of the automobile business through mergers or purchase of businesses unrelated to tires or vehicles."[23]

In 1983, Goodyear acquired the natural gas company Celeron Corporation in exchange for stock valued at more than $740 million.[23] It went on to invest heavily in gas exploration including the 1,200 mile crude oil "All American" pipeline from California to Texas. The project was initially estimated to cost $600 million[24] but ultimately cost almost $1 billion.[25]

In October 1986 British financier James Goldsmith in conjunction with the investment group Hanson purchased 11.5% of Goodyear's outstanding common stock.[26] This was viewed as a greenmail attack by some, and as shareholder activism by Goldsmith, who viewed the company's move into areas far removed from tire development production and sale as commercially ill-advised and wanted the company to divest, especially, its oil interests which he viewed as depressing the value of the company.[27]

On November 20, 1986, Goodyear acquired all of the stock held by Goldsmith's group (12,549,400 shares) at an above-market price of $49.50 per share.[28] Goodyear also made a tender offer for up to 40 million shares of its stock from other shareholders at $50 per share. The tender offer resulted in Goodyear buying 40,435,764 shares of stock in February 1987.

As a result of the stock buyback, Goodyear took a charge of $224.6 million associated with a massive restructuring plan. It sold its Goodyear Aerospace business to Loral Corporation for $588 million and its motor wheel business to Lemmerz Inc. for $175 million.[29] Two subsidiaries involved in agricultural products, real estate development, and a resort hotel in Arizona were sold for $220.1 million. The company also sold the Celeron gas and oil corporation. In 1998, the All American Pipeline, Celeron Gathering, and Celeron Trading and Transportation were sold, largely completing what Goldsmith's hostile takeover had suggested good management should do. In the years following 1987, the company invested in its tire business. President Tom Barrett succeeded Chairman Robert Mercer in 1989, and began a process of modernizing and expanding Goodyear plants in cities like Lawton, Oklahoma, Napanee, Canada, Point Pleasant, West Virginia, and Scottsboro, Alabama.[30] In the 2000s, the move of business into low-wage countries, facilitated by GATT (which Goldsmith had warned government against, calling it "a policy to impoverish"[31]), resulted in plants across North America being shuttered, for instance Cumberland, Maryland; New Toronto, Ontario, Canada, and Windsor, Vermont were closed.

1990 to present

 
Airless tire concept

The last major restructuring of the company took place in 1991. Goodyear hired Stanley Gault, former CEO of Rubbermaid, to expand the company into new markets.[32] The moves resulted in 12,000 employees being laid off.[33]

In 2005, Titan Tire purchased the farm tire business of Goodyear, and manufactures Goodyear agricultural tires under license.[34] This acquisition included the plant in Freeport, Illinois.[34]

In the summer of 2009, the company announced it would close its tire plant in the Philippines as part of a strategy to address uncompetitive manufacturing capacity globally by the end of the third quarter of that year.[35]

Goodyear announced plans to sell the assets of its Latin American off-road tire business to Titan Tire for $98.6 million, including the plant in Sao Paulo, Brazil and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand. This deal is similar to Titan's 2005 purchase of Goodyear's US farm tire assets.[36][37]

In 2011, more than 70 years after the dissolution of the Goodyear-Zeppelin Corporation, it is announced that Goodyear will partner with Zeppelin again (the legacy company Zeppelin Luftschifftechnik) to build more zeppelins together.[38]

In 2018, Goodyear and Bridgestone announced the creation of TireHub, a joint wholesale distribution network across the United States.[39] At the same time, Goodyear also announced that it was ending its distribution relationship with American Tire Distributors, which used to be the largest tire wholesaler in the US.[40]

In 2018, Goodyear was ordered to pay $40.1 million to J. Walter Twidwell, who claimed he developed mesothelioma because of exposure to asbestos. After the trial, Goodyear asked the New York Supreme Court for a new trial. Goodyear attorney James Lynch said Goodyear did not receive proper consideration from the jury. Lynch said that the other side's attorneys engaged in character assassinations against expert witnesses. During closing remarks, the attorneys for Twidwell put up a slide with the heads of Goodyear's expert witnesses pasted onto "insulting caricatures."[41]

In December 2018, Goodyear ceased operations in Venezuela due a lack of materials and rising costs resulting from hyperinflation.[42]

In February 2021, Goodyear announced that it will acquire the Cooper Tire & Rubber Company for $2.5 billion. The transaction is expected to close in the second half of 2021.[43][44]

Timeline

 
Goodyear Tires advertisement, Syracuse Post-Standard, February 26, 1916

Source:[30]

  • 1898: Goodyear founded
  • 1899: Automobile tires added to the original product line of bicycle tires, carriage tires and horseshoe pads
  • 1901: Seiberling makes racing tires for Henry Ford
  • 1903: Paul Litchfield granted patent on first tubeless automobile tire (Litchfield would go on to become president of Goodyear-Zeppelin, then board chairman)
  • 1908: Ford's Model T is outfitted with Goodyear tires
  • 1909: First pneumatic aircraft tire
  • 1911: First airship envelope
  • 1912: Goodyear blimp first debuts
  • 1917: Made airships and balloons for the U.S. military during World War I
  • 1919: Tires on the winning car at the Indianapolis 500
  • 1924: Zeppelin patents acquired, joint venture Goodyear-Zeppelin Corporation formed with the German company
  • 1925: Pilgrim is launched, the first commercial non-rigid airship to use helium
  • 1926: World's largest rubber company, based on sales of $230,161,356
  • 1927: Initial public offering[14]
  • 1929: Construction of world's largest airship dock started in Akron
  • 1929: Introduction of first-known example of low-pressure tundra tires for aviation, invented by Alvin J. Musselman as Goodyear "Airwheels"[45]
  • 1935: Acquired Kelly-Springfield Tire
  • 1937: First American-made synthetic rubber tire
  • 1940: In December, Goodyear-Zeppelin Corporation dissolved with WWII straining partnership[38]
  • 1942: Awarded contract to build FG-series Corsair naval fighter planes
  • 1944: Tire testing begins near San Angelo, Texas[30]
  • 1947: First nylon tires developed
  • 1949: First television advertising with sponsorship of "The Goodyear Review," hosted by Paul Whiteman
  • 1954: First nationwide strike in company's history lasted 52 days
  • 1956: Goodyear-operated U235 atomic processing plant opens in Ohio
  • 1957: Goodyear Proving Grounds for tire testing, near San Angelo, Texas, is rebuilt[30]
  • 1958: Production of foam-padded instrument panels begun for 1959 model cars
  • 1962: Goodyear racing tires used on more winning stock and sports cars than any other brand
  • 1963: Goodyear produces its one billionth tire
  • 1965: Radial-ply tires made available in a full range of sizes to auto manufacturers
  • 1967: Goodyear introduces the Polyglas tire, one of the first wide-tread bias-belted fiberglass tires, which along with similar tires from competitors such as the Firestone Wide-Oval would become regular equipment on 1970 to 1974 models, which would be superseded by radial tires beginning in 1975.
  • 1969: Sales reach $3 billion
  • 1970: First tires on the moon (Apollo 14)
  • 1974: Sales reach $5 billion
  • 1975: All tires used in Indianapolis 500 supplied by Goodyear
  • 1976: Chemical Division shipped first shatterproof polyester resin bottles
  • 1977: Industry's first all-season tire (Tiempo) introduced
  • 1978: Akron plant converted into Technical Center for R&D
  • 1983: Three billionth tire produced
  • 1984: Worldwide sales exceed $10 billion
  • 1986: James Goldsmith takeover attempt and resulting restructuring
  • 1987: Completion of the California - Texas "All American" oil pipeline
  • 1991: Aquatred tire introduced
  • 1992: Began selling tires at Sears stores[46]
  • 1993: Opened first tire store in Beijing, China
  • 1993: Inauguration of Dalian plant, China
  • 1994: "electronic store" opened on CompuServe
  • 1995: Worldwide sales exceed $13 billion
  • 1995: Bought Polish Tire Company Dębica
  • 1998: Sold the All American Pipeline and Celeron businesses
  • 1999: Announced $1 billion global alliance with Japan's Sumitomo Rubber Industries, which had rights to the Dunlop Tyres brand in much of the world, to establish six joint ventures in North America, Europe and Japan
  • 2000: Formed an Internet-based purchasing alliance with five other rubber companies called RubberNetwork.com
  • 2003: Quarterly dividend to shareholders eliminated
  • 2004: Assurance TripleTred and ComforTred tires introduced
  • 2005: North American farm tire operations sold to Titan Tire Corporation[47]
  • 2006: Goodyear blimp made maiden voyage in China
  • 2007: Engineered Products Division sold to Carlyle Group; EPD is renamed Veyance Technologies
  • 2008: Voluntary Employees' Beneficiary Association trust (VEBA) approved by U.S. District Court, funded with $1 billion
  • 2009: Goodyear Assurance Fuel Max tire introduced in North America
  • 2010: Plans announced to sell European and Latin American farm tire businesses
  • 2011: After being dissolved during WWII, Goodyear and Zeppelin's legacy company partner again to build more airships together[38]
  • 2013: New headquarters complex opens in Akron[48]
  • 2015: Goodyear and Sumitomo announced that they would dissolve their worldwide partnership.[49]
  • 2018: The company ranked 187th on the Fortune 500 list of the largest United States companies by revenue marking its 24th year on the list
  • 2020: The company unveiled a self-regenerating concept tire with artificial intelligence features that allow the tire treads to change according to the environment and climate.[50] The technology also uses sensors to learn from driver behavior. Information is sent to Goodyear's cloud servers where it is processed to build drivers' profiles, allowing predictions to be made based on drivers' data.[51]

Corporate structure and leadership

Board of directors

[when?]

Former Board members include Shirley D. Peterson, William J. Contay, James C. Boland and Rodney O'Neal. Richard Kramer is the chief executive officer and president of the company (since 2010), succeeding Robert J. Keegan.

Subsidiaries

Controversies

Foreign relations with Indonesia in the 1960s

Following the military coup in Indonesia in 1965, the Indonesian president Suharto encouraged Goodyear to return and offered rubber resources and political prisoners as labor. In an NBC special aired in 1967, reporter Ted Yates aired footage showing former Communist rubber union workers escorted at gunpoint to the rubber plantation.

Bad as things are in Indonesia, one positive fact is known. Indonesia has a fabulous potential wealth in natural resources and the New Order [the fascist regime headed by pro-U.S. General Suharto] wants it exploited. So they are returning the private properties expropriated by Sukarno's regime. Goodyear's Sumatran rubber empire is an example. It was seized [by the rubber workers] in retaliation for U.S. aggression in Vietnam in 1965. The rubber workers union was Communist-run, so after the coup many of them were killed or imprisoned. Some of the survivors, you see them here, still work the rubber – but this time as prisoners, and at gunpoint.[54][irrelevant citation]

Pay discrimination lawsuits

United States Supreme Court Justice Ruth Bader Ginsburg stated,

Lilly Ledbetter was a supervisor at Goodyear Tire and Rubber's plant in Gadsden, Alabama, from 1979 until her retirement in 1998. For most of those years, she worked as an area manager, a position largely occupied by men. Initially, Ledbetter's salary was in line with the salaries of men performing substantially similar work. Over time, however, her pay slipped in comparison to the pay of male area managers with equal or less seniority. By the end of 1997, Ledbetter was the only woman working as an area manager and the pay discrepancy between Ledbetter and her 15 male counterparts was stark: Ledbetter was paid $3,727 per month; the lowest paid male area manager received $4,286 per month, the highest paid, $5,236.[55]

Lilly Ledbetter sued Goodyear claiming she was paid less than men doing the same work. She won the suit and was awarded $360,000, the jury deciding that Goodyear had clearly engaged in discrimination. The case was appealed to the Supreme Court. In Ledbetter v. Goodyear Tire & Rubber Co., 550 U.S. ___ (2007), Justice Alito held for the five-justice majority that employers are protected from lawsuits over race or gender pay discrimination if the claims are based on decisions made by the employer 180 days ago or more. The United States Congress overturned this decision by passing the Lilly Ledbetter Fair Pay Act of 2009 which was the first bill signed into law by President Obama.[56]

This was a case of statutory rather than constitutional interpretation. The plaintiff in this case, Lilly Ledbetter, characterized her situation as one where "disparate pay is received during the statutory limitations period, but is the result of intentionally discriminatory pay decisions that occurred outside the limitations period." In rejecting Ledbetter's appeal, the Supreme Court said that "she could have, and should have, sued" when the pay decisions were made, instead of waiting beyond the 180-day statutory charging period.

Justice Ginsburg dissented from the opinion of the Court,[55] joined by Justices Stevens, Souter, and Breyer. She argued against applying the 180-day limit to pay discrimination, because discrimination often occurs in small increments over large periods of time. Furthermore, the pay information of fellow workers is typically confidential and unavailable for comparison. Ginsburg argued that pay discrimination is inherently different from adverse actions, such as termination. Adverse actions are obvious, but small pay discrepancy is often difficult to recognize until more than 180 days of the pay change. Ginsburg argued that the broad remedial purpose of the statute was incompatible with the Court's "cramped" interpretation. Her dissent asserted that the employer had been, "Knowingly carrying past pay discrimination forward" during the 180-day charging period, and therefore could be held liable.

Environmental record

Researchers at the University of Massachusetts Amherst identified Goodyear as the 19th-largest corporate producer of air pollution in the United States, with roughly 4.16 million lbs of toxins released into the air annually. Major pollutants included sulfuric acid, cobalt compounds, and chlorine.[57] The Center for Public Integrity reports that Goodyear has been named as a potentially responsible party in at least 54 of the nation's Superfund toxic waste sites.[citation needed] On February 8, 2008, Goodyear announced the launch of an environmentally friendly tire produced using a cornstarch-based material. The Goodyear Eagle LS2000 partially replaces the traditional carbon black and silica with filler materials derived from corn starch thanks to "BioTRED compounding technology". The new technology increases the tires "flexibility and resistance to energy loss", which extend the tires life-span and lessen the impact on the environment.[58] Similarly, Goodyear announced on April 22, 2008, that it had joined the U.S. Environmental Protection Agency's SmartWay Transport Partnership. The transport partnership is an attempt between the truck transportation industry and the EPA to reduce air pollution and greenhouse emissions as well as increase energy efficiency. The SmartWay partnership's tractors and trailers will use Goodyear's Fuel Max linehaul tires that increase fuel efficiency while reducing emissions. According to Goodyear and EPA officials "the fuel-efficient line-haul tires deliver up to 4% improved truck fuel economy, and when used with other SmartWay-qualified components, each 18- wheel tractor and trailer used in long-haul can produce savings of up to 4,000 gallons per year, or more than $11,000 annually."[59]

Foreign Corrupt Practices Act charges

On February 24, 2015, Goodyear agreed to pay more than $16 million to settle Foreign Corrupt Practices Act "FCPA" charges that two of its African subsidiaries allegedly paid $3.2 million in bribes that generated $14,122,535 in illicit profits.[60] The U.S. Securities and Exchange Commission "SEC" FCPA charges involved Goodyear subsidiaries in Kenya and Angola for allegedly paying bribes to government and private-sector workers in exchange for sales in each country.[61] According to the SEC because "Goodyear did not prevent or detect these improper payments because it failed to implement adequate FCPA compliance controls at its subsidiaries" and, for the Kenyan subsidiary, "because it failed to conduct adequate due diligence" prior to its acquisition. It was not alleged that Goodyear had any involvement with or knowledge of its subsidiaries' improper conduct.[62]

Internal training and discrimination

On August 18, 2020, WIBW, a local CBS-affiliate television station, reported that an internal PowerPoint slide on political attire from a Topeka, Kansas, training seminar was circulating on social media.[63] The leaked slide depicted a "zero tolerance" policy towards some political movements.[64] President Donald Trump called for a boycott of Goodyear tires the following day, as Trump campaign attire such as MAGA hats were among the banned products.[65] Goodyear responded via Twitter, stating "the visual in question was not created or distributed by Goodyear corporate, nor was it part of a diversity training class".[66] Following release of the audio that went with the slide,[67] Goodyear admitted the slide was used at its Topeka factory.[68]

Goodyear products

Automotive

 
Wrangler DuraTrac
 
Goodyear NASCAR Tires and Wheels
  • Assurance (Passenger All Season)
    • TripleTred All Season
    • Triplemax
    • ComforTred Touring
    • FuelMax
    • CS Fuel Max (SUV)
    • CS TripleTred All Season (SUV)
    • Weather Ready
    • Outlast (Exclusively sold at Walmart Auto Care Centers)
  • Integrity (OE All Season)
  • Fortera (SUV)
    • Silent Armor
    • TripleTread
    • HL
    • SL
  • Wrangler (truck)
    • Silent Armor
    • All Terrain Adventure
    • AT/R
    • AT/S
    • AT/SA
    • RS/A
    • RT/S
    • SR-A
    • TG
    • HP
    • HP AW
    • MTR with Kevlar
    • DuraTrac
    • DuraGrip
    • Radial (235/75R15 only)
  • EfficientGrip (Summer Tires)
    • EfficientGrip Performance
    • EfficientGrip Compact
  • Eagle (Touring/Performance/OE)
    • Eagle F1
    • Eagle F1 Asymmetric SUV
    • Eagle F1 Supercar
    • Eagle F1 GS-D3
    • Eagle F1 Directional 5
    • Eagle F1 Asymmetric
    • Eagle F1 Asymmetric 2
    • Eagle F1 Asymmetric 3
    • Eagle F1 Asymmetric 5
    • Eagle F1 Asymmetric 6
    • Eagle Efficient Grip
    • Eagle Efficient Grip Performance
    • Eagle GT3
    • Eagle LS
    • Eagle LS2
    • Eagle NCT
    • Eagle RS-A
    • Eagle RS-A 2
    • Eagle RV
    • Eagle Sport
    • Excellence
    • Response Edge
      • Carbon Fiber Technology
  • Nordic (Winter tires)
  • UltraGrip Ice (Winter tires)
  • UltraGrip Ice WRT (Winter tires)
  • UltraGrip Winter (Winter tires)
  • Winter Command (Winter tires)
  • KhADI-27

Commercial

 
Goodyear Tire Company mechanic shop in Goodlettsville, Tennessee.
 
Goodyear Tire shop in Markham, Ontario
 
2004-06 Ford F-150 Goodyear.
  • Commercial Truck
    • Cargo G26
    • Cargo Marathon
    • Cargo Marathon 2
    • Cargo Vector
    • Cargo Vector 2
    • Fuel Max
    • Duraseal
  • Off The Road Tires
    • Articulated Dump Truck
    • Rigid Haulage Truck
    • Mobile Crane
    • Scaper
    • Port & Container Handling
    • Dozer and Loader
    • Mine Service
    • Motor Grader
  • ATV Tires
    • Rawhide Camo
    • Rawhide MT/R
  • RV Tires
    • Unisteel series (G670RV, G149RSA, G169RSA, G647RSS, G614RST)
    • Wrangler HT (all weather)
    • Marathon (trailer towing)
  • Aviation

Non-tire industrial

 
Goodyear trailer at a NASCAR Nationwide Series race
  • Airsprings (licensed to Infinity Engineered Products)
  • Industrial hose
  • Hydraulic products
  • Conveyor belt products
  • Power transmission products
  • Molded transportation products (vibration control)
  • Rubber Track
  • Isoprene monomer
  • Synthetic rubber for medical applications
  • Synthetic rubber for chewing gum

Veyance Technologies was purchased by ContiTech and no longer has the rights to Goodyear's licenses.[69]

Goodyear-branded wiper blades are made under license by Saver Automotive, in Ohio. The wipers were never under the Veyance umbrella.

Goodyear also produces the rubber for Lacoste tennis shoes, the AG-LT 21 and AG-LT 21 Ultra.

Manufacturing and development facilities

Location DOT plant code[70] Product or activity[71]
Akron, Ohio, USA MB Global headquarters, North America headquarters, Goodyear Dunlop Tires North America headquarters, innovation center, racing tires, chemicals, tire proving grounds, airship operations
Danville, Virginia, USA MC Aircraft tires, commercial tires
Lawton, Oklahoma, USA M6 Consumer tires
Topeka, Kansas, USA MJ Commercial tires, OTR tires
Hebron, Ohio, USA P1 Research and development[72]
Fayetteville, North Carolina, USA PJ Passenger car tires
Bayport, Texas, USA Chemicals
Beaumont, Texas, USA Synthetic rubber
Houston, Texas, USA Synthetic rubber
Niagara Falls, New York, USA Chemicals
Kingman, Arizona, USA Aircraft tire retreading
Statesville, North Carolina, USA Tire molds
Social Circle, Georgia, USA Tread rubber
Napanee, Ontario, Canada 4B Passenger car tires
Medicine Hat, Alberta, Canada PC Consumer tires
Valleyfield, Quebec, Canada Mixing center
São Paulo, Brazil MX Latin America headquarters, aircraft tires, aircraft tire retreading
Americana, Brazil Y1 Tire proving grounds, consumer tires, commercial tires, OTR tires
Lima, Peru NT Consumer tires, commercial tires
Philippsburg, Germany ND Warehouse
Khlong Luang, Pathum Thani, Thailand NY Consumer tires, aircraft tires, aircraft retreading
Pulandian, Dalian, China TC Consumer tires, commercial tires
Santiago, Chile M7 Consumer tires
Cali, Colombia MY Commercial tires, OTR tires
Amiens, France NC Consumer tires
Waluj, India 1W
Faridabad, India NK
Adapazarı, Turkey CO Consumer tires
İzmit, Turkey PA Commercial tires
Selangor, Malaysia T8
Colmar-Berg, Luxembourg KM Goodyear Innovation center Luxembourg (GIC*L), regional calendering center, commercial tires, OTR tires, tire proving grounds, tire molds, tire plant
Dudelange, Luxembourg Passenger car tires
Dębica, Poland Passenger Car Tires, Truck Tires
Taipei, Taiwan L1
Shahekou, Dalian, China 7L
Uitenhage, South Africa NW Consumer tires, commercial tires, agricultural tires, OTR tires
Bogor, Indonesia NL
Fulda, Germany Passenger car tires
Hanau, Germany Passenger car tires and race tires
Riesa, Germany Passenger car tires
Fürstenwalde, Germany Passenger car tires
Montluçon, France Motorcycle and scooter tires, passenger car tires
Kranj, Slovenia Passenger car tires and truck tires
Wittlich, Germany Truck tires and truck tire retreading
Riom, France Truck tire retreading
Tilburg, Netherlands Aircraft tire retreading

See also

References

  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. ^ . Archived from the original on March 27, 2012. Retrieved December 29, 2011.
  8. ^ . globalfinancialdata.com. Archived from the original on September 26, 2007.
  9. ^ "Goodyear Tire & Rubber Company | American company". Encyclopedia Britannica. Retrieved June 18, 2020.
  10. ^ "What Goodyear Has Learned on the Racetrack, It's Taking to the Bicycle". Gear Patrol. April 9, 2018. Retrieved June 18, 2020.
  11. ^ Danon, Mihajlo Borisavljević, Miroslav Terzić, Gradimir; Trifunović, Ivan Ivković, Dragan Sekulić, Aleksandar; Petrović, Predrag; Vasić, Gradimir Danon, Branko; Petrović, Saša; Stanković, Petar; Stamenković, Goran Vorotović, Ivan Blagojević, Branislav Rakićević, Časlav Mitrović, Dragan; Trajanović, Nikola Korunović, Miloš Madić, Miroslav; Vasić, Vlastmir Bukvić, Gradimir Danon, Branko (September 30, 2016). PUMA 2016 Zbornik radova: IX Naučna konferencija PneUMAtici (in Serbian). Institut za istraživanja i projektovanja u privredi. p. 118. ISBN 978-86-84231-32-3.
  12. ^ The Commercial and Financial Chronicle. National News Service. 1924.
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Further reading

  • Richard Korman. The Goodyear Story: An Inventor's Obsession and the Struggle for a Rubber Monopoly (2002)
  • Ronald P. Conlin; "Goodyear Advertising Research: Past, Present and Future" Journal of Advertising Research, Vol. 34, 1994. The real story of Goodyear.

External links

  • Official website
  • Business data for Goodyear Tire and Rubber Company:
    • Bloomberg
    • Google
    • Reuters
    • SEC filings
    • Yahoo!

goodyear, tire, rubber, company, goodyear, tire, rubber, company, american, multinational, tire, manufacturing, company, founded, 1898, frank, seiberling, based, akron, ohio, goodyear, manufactures, tires, passenger, vehicles, aviation, commercial, trucks, mil. The Goodyear Tire amp Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based 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 makes bicycle tires having returned from a break in production between 1976 and 2015 3 As of 2017 Goodyear is one of the top five tire manufacturers along with Bridgestone Japan Michelin France Continental Germany and MRF India 4 The Goodyear Tire amp Rubber CompanyLogo used since 1968Goodyear s new headquarters building in Akron OhioTypePublicTraded asNasdaq GTS amp P 400 componentIndustryManufacturingFoundedAugust 29 1898 124 years ago 1898 08 29 Akron Ohio U S FounderFrank SeiberlingHeadquartersAkron Ohio U S Number of locations1 240 tire and auto service centers57 facilitiesArea servedWorldwideKey peopleRichard J Kramer Chairman President and CEO ProductsTiresRevenueUS 12 32 billion 2020 Operating incomeUS 538 Million 2020 Net incomeUS 1 254 billion 2020 Total assetsUS 16 506 billion 2020 Total equityUS 5 4 billion 2020 Number of employees72 000 2021 1 SubsidiariesList of subsidiariesWebsitegoodyear wbr comFootnotes references 2 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 Contents 1 History 1 1 Early history 1898 1926 1 2 Expansion 1926 1970 1 3 Radial tire transition 1 4 Diversification and Goldsmith affair 1986 1 5 1990 to present 1 6 Timeline 2 Corporate structure and leadership 2 1 Board of directors 2 2 Subsidiaries 3 Controversies 3 1 Foreign relations with Indonesia in the 1960s 3 2 Pay discrimination lawsuits 3 3 Environmental record 3 4 Foreign Corrupt Practices Act charges 3 5 Internal training and discrimination 4 Goodyear products 4 1 Automotive 4 2 Commercial 4 3 Non tire industrial 5 Manufacturing and development facilities 6 See also 7 References 8 Further reading 9 External linksHistory Edit Goodyear factory buildings and old former headquarters complex Early history 1898 1926 Edit The first Goodyear factory opened in Akron Ohio in 1898 The company originally manufactured bicycle and carriage tires rubber horseshoe pads and poker chips and grew with the advent of the automobile 9 In 1901 Goodyear founder Frank Seiberling provided Henry Ford with racing tires 10 In 1903 Goodyear president chairman and CEO Paul Weeks Litchfield was granted a patent for the first tubeless automobile tire 11 In 1916 Litchfield found land in the Phoenix area suitable for growing long staple cotton which was needed to reinforce its rubber in tires The 36 000 acres purchased were controlled by the Southwest Cotton Company formed with Litchfield as president This included land that would develop into the towns of Goodyear and Litchfield Park In 1924 Litchfield forged a joint venture with the German Luftschiffbau Zeppelin Company to form the Goodyear Zeppelin Corporation 12 From the late 1920s to 1940 the company worked with Goodyear to build two Zeppelins in the United States The partnership continued even when Zeppelin was under Nazi control and only ended after World War II began 13 Expansion 1926 1970 Edit Paul Litchfield inventor of the tubeless car tire who promoted the Zeppelin partnership and later became Goodyear president and board chairman On August 5 1927 Goodyear had its initial public offering and was listed on the New York Stock Exchange 14 By 1930 Goodyear had pioneered what would later become known as tundra tires for smaller aircraft their so called low inflation pressure airwheel aviation wheel rim tire sets were initially available in sizes up to 46 inches 117 cm in diameter 15 Over the next few decades Goodyear grew to become a multinational corporation It acquired their rival Kelly Springfield Tire in 1935 During World War II Goodyear manufactured F4U Corsair fighter planes for the U S Military Goodyear ranked 30th among United States corporations in the value of wartime production contracts 16 WWII forced the dissolution of the Goodyear Zeppelin partnership in December 1940 By 1956 they owned and operated a nuclear processing plant in Ohio In 1944 Goodyear created a subsidiary in Mexico in a joint venture with Compania Hulera S A de C V Compania Hulera Goodyear Oxo S A de C V or Goodyear Oxo Radial tire transition Edit Goodyear is the only one of the five biggest tire firms among US tire manufacturers in 1970 to remain independent into the 21st century Goodyear s success was partly due to the challenge posed by radial tire technology and the varied responses 17 At the time the entire US tire industry produced the older bias ply technology Estimates to fit factories with new machinery and tools for making the new product were between 600 million and 900 million This was a substantial amount in a low margin business with sales revenue in the low billions 18 The US market was slowly shifting towards the radial tire as had already been the case in Europe and Asia In 1968 Consumer Reports an influential American magazine acknowledged the superiority of radial construction which had been developed in 1946 by Michelin 18 19 When Charles J Pilliod Jr became CEO in 1974 he faced a major investment decision regarding the radial tire which today has a market share of nearly 100 20 Despite heavy criticism at the time Pilliod invested heavily in new factories and tooling to build the radial tire 21 Sam Gibara who headed Goodyear from 1996 to 2003 has noted that without the action of Pilliod Goodyear wouldn t be around today 21 Sales for 1969 topped 3 billion Five years later sales topped 5 billion and Goodyear operated in 34 countries In 1978 the original Akron plant was converted into a Technical Center for research and design By 1985 worldwide sales exceeded 10 billion Goodyear Aerospace a holding that developed from the Goodyear Aircraft Company after World War II designed a supercomputer for NASA s Goddard Spaceflight Center in 1979 the MPP The subsidiary was sold in 1987 to the Loral Corporation as a result of restructuring In 1987 Goodyear formed a business partnership with Canadian tire retailer Fountain Tire 22 Diversification and Goldsmith affair 1986 Edit In the 1980s incoming Goodyear CEO Robert E Mercer argued that the tire and automobile related businesses that formed the core of Goodyear to that date were slow growing and a handicap He set a strategy to get away from the cyclical nature of the automobile business through mergers or purchase of businesses unrelated to tires or vehicles 23 In 1983 Goodyear acquired the natural gas company Celeron Corporation in exchange for stock valued at more than 740 million 23 It went on to invest heavily in gas exploration including the 1 200 mile crude oil All American pipeline from California to Texas The project was initially estimated to cost 600 million 24 but ultimately cost almost 1 billion 25 In October 1986 British financier James Goldsmith in conjunction with the investment group Hanson purchased 11 5 of Goodyear s outstanding common stock 26 This was viewed as a greenmail attack by some and as shareholder activism by Goldsmith who viewed the company s move into areas far removed from tire development production and sale as commercially ill advised and wanted the company to divest especially its oil interests which he viewed as depressing the value of the company 27 On November 20 1986 Goodyear acquired all of the stock held by Goldsmith s group 12 549 400 shares at an above market price of 49 50 per share 28 Goodyear also made a tender offer for up to 40 million shares of its stock from other shareholders at 50 per share The tender offer resulted in Goodyear buying 40 435 764 shares of stock in February 1987 As a result of the stock buyback Goodyear took a charge of 224 6 million associated with a massive restructuring plan It sold its Goodyear Aerospace business to Loral Corporation for 588 million and its motor wheel business to Lemmerz Inc for 175 million 29 Two subsidiaries involved in agricultural products real estate development and a resort hotel in Arizona were sold for 220 1 million The company also sold the Celeron gas and oil corporation In 1998 the All American Pipeline Celeron Gathering and Celeron Trading and Transportation were sold largely completing what Goldsmith s hostile takeover had suggested good management should do In the years following 1987 the company invested in its tire business President Tom Barrett succeeded Chairman Robert Mercer in 1989 and began a process of modernizing and expanding Goodyear plants in cities like Lawton Oklahoma Napanee Canada Point Pleasant West Virginia and Scottsboro Alabama 30 In the 2000s the move of business into low wage countries facilitated by GATT which Goldsmith had warned government against calling it a policy to impoverish 31 resulted in plants across North America being shuttered for instance Cumberland Maryland New Toronto Ontario Canada and Windsor Vermont were closed 1990 to present Edit Airless tire concept The last major restructuring of the company took place in 1991 Goodyear hired Stanley Gault former CEO of Rubbermaid to expand the company into new markets 32 The moves resulted in 12 000 employees being laid off 33 In 2005 Titan Tire purchased the farm tire business of Goodyear and manufactures Goodyear agricultural tires under license 34 This acquisition included the plant in Freeport Illinois 34 In the summer of 2009 the company announced it would close its tire plant in the Philippines as part of a strategy to address uncompetitive manufacturing capacity globally by the end of the third quarter of that year 35 Goodyear announced plans to sell the assets of its Latin American off road tire business to Titan Tire for 98 6 million including the plant in Sao Paulo Brazil and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand This deal is similar to Titan s 2005 purchase of Goodyear s US farm tire assets 36 37 In 2011 more than 70 years after the dissolution of the Goodyear Zeppelin Corporation it is announced that Goodyear will partner with Zeppelin again the legacy company Zeppelin Luftschifftechnik to build more zeppelins together 38 In 2018 Goodyear and Bridgestone announced the creation of TireHub a joint wholesale distribution network across the United States 39 At the same time Goodyear also announced that it was ending its distribution relationship with American Tire Distributors which used to be the largest tire wholesaler in the US 40 In 2018 Goodyear was ordered to pay 40 1 million to J Walter Twidwell who claimed he developed mesothelioma because of exposure to asbestos After the trial Goodyear asked the New York Supreme Court for a new trial Goodyear attorney James Lynch said Goodyear did not receive proper consideration from the jury Lynch said that the other side s attorneys engaged in character assassinations against expert witnesses During closing remarks the attorneys for Twidwell put up a slide with the heads of Goodyear s expert witnesses pasted onto insulting caricatures 41 In December 2018 Goodyear ceased operations in Venezuela due a lack of materials and rising costs resulting from hyperinflation 42 In February 2021 Goodyear announced that it will acquire the Cooper Tire amp Rubber Company for 2 5 billion The transaction is expected to close in the second half of 2021 43 44 Timeline Edit Goodyear Tires advertisement Syracuse Post Standard February 26 1916 Source 30 1898 Goodyear founded 1899 Automobile tires added to the original product line of bicycle tires carriage tires and horseshoe pads 1901 Seiberling makes racing tires for Henry Ford 1903 Paul Litchfield granted patent on first tubeless automobile tire Litchfield would go on to become president of Goodyear Zeppelin then board chairman 1908 Ford s Model T is outfitted with Goodyear tires 1909 First pneumatic aircraft tire 1911 First airship envelope 1912 Goodyear blimp first debuts 1917 Made airships and balloons for the U S military during World War I 1919 Tires on the winning car at the Indianapolis 500 1924 Zeppelin patents acquired joint venture Goodyear Zeppelin Corporation formed with the German company 1925 Pilgrim is launched the first commercial non rigid airship to use helium 1926 World s largest rubber company based on sales of 230 161 356 1927 Initial public offering 14 1929 Construction of world s largest airship dock started in Akron 1929 Introduction of first known example of low pressure tundra tires for aviation invented by Alvin J Musselman as Goodyear Airwheels 45 1935 Acquired Kelly Springfield Tire 1937 First American made synthetic rubber tire 1940 In December Goodyear Zeppelin Corporation dissolved with WWII straining partnership 38 1942 Awarded contract to build FG series Corsair naval fighter planes 1944 Tire testing begins near San Angelo Texas 30 1947 First nylon tires developed 1949 First television advertising with sponsorship of The Goodyear Review hosted by Paul Whiteman 1954 First nationwide strike in company s history lasted 52 days 1956 Goodyear operated U235 atomic processing plant opens in Ohio 1957 Goodyear Proving Grounds for tire testing near San Angelo Texas is rebuilt 30 1958 Production of foam padded instrument panels begun for 1959 model cars 1962 Goodyear racing tires used on more winning stock and sports cars than any other brand 1963 Goodyear produces its one billionth tire 1965 Radial ply tires made available in a full range of sizes to auto manufacturers 1967 Goodyear introduces the Polyglas tire one of the first wide tread bias belted fiberglass tires which along with similar tires from competitors such as the Firestone Wide Oval would become regular equipment on 1970 to 1974 models which would be superseded by radial tires beginning in 1975 1969 Sales reach 3 billion 1970 First tires on the moon Apollo 14 1974 Sales reach 5 billion 1975 All tires used in Indianapolis 500 supplied by Goodyear 1976 Chemical Division shipped first shatterproof polyester resin bottles 1977 Industry s first all season tire Tiempo introduced 1978 Akron plant converted into Technical Center for R amp D 1983 Three billionth tire produced 1984 Worldwide sales exceed 10 billion 1986 James Goldsmith takeover attempt and resulting restructuring 1987 Completion of the California Texas All American oil pipeline 1991 Aquatred tire introduced 1992 Began selling tires at Sears stores 46 1993 Opened first tire store in Beijing China 1993 Inauguration of Dalian plant China 1994 electronic store opened on CompuServe 1995 Worldwide sales exceed 13 billion 1995 Bought Polish Tire Company Debica 1998 Sold the All American Pipeline and Celeron businesses 1999 Announced 1 billion global alliance with Japan s Sumitomo Rubber Industries which had rights to the Dunlop Tyres brand in much of the world to establish six joint ventures in North America Europe and Japan 2000 Formed an Internet based purchasing alliance with five other rubber companies called RubberNetwork com 2003 Quarterly dividend to shareholders eliminated 2004 Assurance TripleTred and ComforTred tires introduced 2005 North American farm tire operations sold to Titan Tire Corporation 47 2006 Goodyear blimp made maiden voyage in China 2007 Engineered Products Division sold to Carlyle Group EPD is renamed Veyance Technologies 2008 Voluntary Employees Beneficiary Association trust VEBA approved by U S District Court funded with 1 billion 2009 Goodyear Assurance Fuel Max tire introduced in North America 2010 Plans announced to sell European and Latin American farm tire businesses 2011 After being dissolved during WWII Goodyear and Zeppelin s legacy company partner again to build more airships together 38 2013 New headquarters complex opens in Akron 48 2015 Goodyear and Sumitomo announced that they would dissolve their worldwide partnership 49 2018 The company ranked 187th on the Fortune 500 list of the largest United States companies by revenue marking its 24th year on the list 2020 The company unveiled a self regenerating concept tire with artificial intelligence features that allow the tire treads to change according to the environment and climate 50 The technology also uses sensors to learn from driver behavior Information is sent to Goodyear s cloud servers where it is processed to build drivers profiles allowing predictions to be made based on drivers data 51 Corporate structure and leadership EditBoard of directors Edit when James A Firestone 52 Werner Geissler 52 Peter S Hellman 52 Richard J Kramer 52 W Alan McCollough 52 John E McGlade 52 Roderick A Palmore 52 Stephanie Streeter 52 Thomas H Weidemeyer 52 Michael R Wessel 52 Laurette T Koellner 53 Thomas L Williams 53 Former Board members include Shirley D Peterson William J Contay James C Boland and Rodney O Neal Richard Kramer is the chief executive officer and president of the company since 2010 succeeding Robert J Keegan Subsidiaries Edit Cooper Tire amp Rubber Co Dunlop Tyres North America Europe Australia and New Zealand The Kelly Springfield Tire Company United States Douglas Tires Fierce Lee Sava Slovenia Fulda Germany Debica Poland Wingfoot Commercial Tire Systems LLC Bluestreak Indonesia Regetta Australia Distributed by KMART LS2000 Japan Distributed by Goodyear Autocare Goodyear Auto Service Centers Goodyear Chemical Just TiresControversies EditForeign relations with Indonesia in the 1960s Edit Following the military coup in Indonesia in 1965 the Indonesian president Suharto encouraged Goodyear to return and offered rubber resources and political prisoners as labor In an NBC special aired in 1967 reporter Ted Yates aired footage showing former Communist rubber union workers escorted at gunpoint to the rubber plantation Bad as things are in Indonesia one positive fact is known Indonesia has a fabulous potential wealth in natural resources and the New Order the fascist regime headed by pro U S General Suharto wants it exploited So they are returning the private properties expropriated by Sukarno s regime Goodyear s Sumatran rubber empire is an example It was seized by the rubber workers in retaliation for U S aggression in Vietnam in 1965 The rubber workers union was Communist run so after the coup many of them were killed or imprisoned Some of the survivors you see them here still work the rubber but this time as prisoners and at gunpoint 54 irrelevant citation Pay discrimination lawsuits Edit Main article Ledbetter v Goodyear Tire amp Rubber Co United States Supreme Court Justice Ruth Bader Ginsburg stated Lilly Ledbetter was a supervisor at Goodyear Tire and Rubber s plant in Gadsden Alabama from 1979 until her retirement in 1998 For most of those years she worked as an area manager a position largely occupied by men Initially Ledbetter s salary was in line with the salaries of men performing substantially similar work Over time however her pay slipped in comparison to the pay of male area managers with equal or less seniority By the end of 1997 Ledbetter was the only woman working as an area manager and the pay discrepancy between Ledbetter and her 15 male counterparts was stark Ledbetter was paid 3 727 per month the lowest paid male area manager received 4 286 per month the highest paid 5 236 55 Lilly Ledbetter sued Goodyear claiming she was paid less than men doing the same work She won the suit and was awarded 360 000 the jury deciding that Goodyear had clearly engaged in discrimination The case was appealed to the Supreme Court In Ledbetter v Goodyear Tire amp Rubber Co 550 U S 2007 Justice Alito held for the five justice majority that employers are protected from lawsuits over race or gender pay discrimination if the claims are based on decisions made by the employer 180 days ago or more The United States Congress overturned this decision by passing the Lilly Ledbetter Fair Pay Act of 2009 which was the first bill signed into law by President Obama 56 This was a case of statutory rather than constitutional interpretation The plaintiff in this case Lilly Ledbetter characterized her situation as one where disparate pay is received during the statutory limitations period but is the result of intentionally discriminatory pay decisions that occurred outside the limitations period In rejecting Ledbetter s appeal the Supreme Court said that she could have and should have sued when the pay decisions were made instead of waiting beyond the 180 day statutory charging period Justice Ginsburg dissented from the opinion of the Court 55 joined by Justices Stevens Souter and Breyer She argued against applying the 180 day limit to pay discrimination because discrimination often occurs in small increments over large periods of time Furthermore the pay information of fellow workers is typically confidential and unavailable for comparison Ginsburg argued that pay discrimination is inherently different from adverse actions such as termination Adverse actions are obvious but small pay discrepancy is often difficult to recognize until more than 180 days of the pay change Ginsburg argued that the broad remedial purpose of the statute was incompatible with the Court s cramped interpretation Her dissent asserted that the employer had been Knowingly carrying past pay discrimination forward during the 180 day charging period and therefore could be held liable Environmental record Edit Researchers at the University of Massachusetts Amherst identified Goodyear as the 19th largest corporate producer of air pollution in the United States with roughly 4 16 million lbs of toxins released into the air annually Major pollutants included sulfuric acid cobalt compounds and chlorine 57 The Center for Public Integrity reports that Goodyear has been named as a potentially responsible party in at least 54 of the nation s Superfund toxic waste sites citation needed On February 8 2008 Goodyear announced the launch of an environmentally friendly tire produced using a cornstarch based material The Goodyear Eagle LS2000 partially replaces the traditional carbon black and silica with filler materials derived from corn starch thanks to BioTRED compounding technology The new technology increases the tires flexibility and resistance to energy loss which extend the tires life span and lessen the impact on the environment 58 Similarly Goodyear announced on April 22 2008 that it had joined the U S Environmental Protection Agency s SmartWay Transport Partnership The transport partnership is an attempt between the truck transportation industry and the EPA to reduce air pollution and greenhouse emissions as well as increase energy efficiency The SmartWay partnership s tractors and trailers will use Goodyear s Fuel Max linehaul tires that increase fuel efficiency while reducing emissions According to Goodyear and EPA officials the fuel efficient line haul tires deliver up to 4 improved truck fuel economy and when used with other SmartWay qualified components each 18 wheel tractor and trailer used in long haul can produce savings of up to 4 000 gallons per year or more than 11 000 annually 59 Foreign Corrupt Practices Act charges Edit On February 24 2015 Goodyear agreed to pay more than 16 million to settle Foreign Corrupt Practices Act FCPA charges that two of its African subsidiaries allegedly paid 3 2 million in bribes that generated 14 122 535 in illicit profits 60 The U S Securities and Exchange Commission SEC FCPA charges involved Goodyear subsidiaries in Kenya and Angola for allegedly paying bribes to government and private sector workers in exchange for sales in each country 61 According to the SEC because Goodyear did not prevent or detect these improper payments because it failed to implement adequate FCPA compliance controls at its subsidiaries and for the Kenyan subsidiary because it failed to conduct adequate due diligence prior to its acquisition It was not alleged that Goodyear had any involvement with or knowledge of its subsidiaries improper conduct 62 Internal training and discrimination Edit On August 18 2020 WIBW a local CBS affiliate television station reported that an internal PowerPoint slide on political attire from a Topeka Kansas training seminar was circulating on social media 63 The leaked slide depicted a zero tolerance policy towards some political movements 64 President Donald Trump called for a boycott of Goodyear tires the following day as Trump campaign attire such as MAGA hats were among the banned products 65 Goodyear responded via Twitter stating the visual in question was not created or distributed by Goodyear corporate nor was it part of a diversity training class 66 Following release of the audio that went with the slide 67 Goodyear admitted the slide was used at its Topeka factory 68 Goodyear products EditAutomotive Edit This Goodyear products section contains embedded lists that may be poorly defined unverified or indiscriminate Please help to clean it up to meet Wikipedia s quality standards Where appropriate incorporate items into the main body of the article August 2021 This section may be unbalanced towards certain viewpoints Please improve the article or discuss the issue on the talk page August 2021 Wrangler DuraTrac Goodyear NASCAR Tires and Wheels Assurance Passenger All Season TripleTred All Season Triplemax ComforTred Touring FuelMax CS Fuel Max SUV CS TripleTred All Season SUV Weather Ready Outlast Exclusively sold at Walmart Auto Care Centers Integrity OE All Season Fortera SUV Silent Armor TripleTread HL SL Wrangler truck Silent Armor All Terrain Adventure AT R AT S AT SA RS A RT S SR A TG HP HP AW MTR with Kevlar DuraTrac DuraGrip Radial 235 75R15 only EfficientGrip Summer Tires EfficientGrip Performance EfficientGrip Compact Eagle Touring Performance OE Eagle F1 Eagle F1 Asymmetric SUV Eagle F1 Supercar Eagle F1 GS D3 Eagle F1 Directional 5 Eagle F1 Asymmetric Eagle F1 Asymmetric 2 Eagle F1 Asymmetric 3 Eagle F1 Asymmetric 5 Eagle F1 Asymmetric 6 Eagle Efficient Grip Eagle Efficient Grip Performance Eagle GT3 Eagle LS Eagle LS2 Eagle NCT Eagle RS A Eagle RS A 2 Eagle RV Eagle Sport Excellence Response Edge Carbon Fiber Technology Nordic Winter tires UltraGrip Ice Winter tires UltraGrip Ice WRT Winter tires UltraGrip Winter Winter tires Winter Command Winter tires KhADI 27Commercial Edit Goodyear Tire Company mechanic shop in Goodlettsville Tennessee Goodyear Tire shop in Markham Ontario 2004 06 Ford F 150 Goodyear Commercial Truck Cargo G26 Cargo Marathon Cargo Marathon 2 Cargo Vector Cargo Vector 2 Fuel Max Duraseal Off The Road Tires Articulated Dump Truck Rigid Haulage Truck Mobile Crane Scaper Port amp Container Handling Dozer and Loader Mine Service Motor Grader ATV Tires Rawhide Camo Rawhide MT R RV Tires Unisteel series G670RV G149RSA G169RSA G647RSS G614RST Wrangler HT all weather Marathon trailer towing AviationNon tire industrial Edit Goodyear trailer at a NASCAR Nationwide Series race Airsprings licensed to Infinity Engineered Products Industrial hose Hydraulic products Conveyor belt products Power transmission products Molded transportation products vibration control Rubber Track Isoprene monomer Synthetic rubber for medical applications Synthetic rubber for chewing gumVeyance Technologies was purchased by ContiTech and no longer has the rights to Goodyear s licenses 69 Goodyear branded wiper blades are made under license by Saver Automotive in Ohio The wipers were never under the Veyance umbrella Goodyear also produces the rubber for Lacoste tennis shoes the AG LT 21 and AG LT 21 Ultra Manufacturing and development facilities EditLocation DOT plant code 70 Product or activity 71 Akron Ohio USA MB Global headquarters North America headquarters Goodyear Dunlop Tires North America headquarters innovation center racing tires chemicals tire proving grounds airship operationsDanville Virginia USA MC Aircraft tires commercial tiresLawton Oklahoma USA M6 Consumer tiresTopeka Kansas USA MJ Commercial tires OTR tiresHebron Ohio USA P1 Research and development 72 Fayetteville North Carolina USA PJ Passenger car tiresBayport Texas USA ChemicalsBeaumont Texas USA Synthetic rubberHouston Texas USA Synthetic rubberNiagara Falls New York USA ChemicalsKingman Arizona USA Aircraft tire retreadingStatesville North Carolina USA Tire moldsSocial Circle Georgia USA Tread rubberNapanee Ontario Canada 4B Passenger car tiresMedicine Hat Alberta Canada PC Consumer tiresValleyfield Quebec Canada Mixing centerSao Paulo Brazil MX Latin America headquarters aircraft tires aircraft tire retreadingAmericana Brazil Y1 Tire proving grounds consumer tires commercial tires OTR tiresLima Peru NT Consumer tires commercial tiresPhilippsburg Germany ND WarehouseKhlong Luang Pathum Thani Thailand NY Consumer tires aircraft tires aircraft retreadingPulandian Dalian China TC Consumer tires commercial tiresSantiago Chile M7 Consumer tiresCali Colombia MY Commercial tires OTR tiresAmiens France NC Consumer tiresWaluj India 1WFaridabad India NKAdapazari Turkey CO Consumer tiresIzmit Turkey PA Commercial tiresSelangor Malaysia T8Colmar Berg Luxembourg KM Goodyear Innovation center Luxembourg GIC L regional calendering center commercial tires OTR tires tire proving grounds tire molds tire plantDudelange Luxembourg Passenger car tiresDebica Poland Passenger Car Tires Truck TiresTaipei Taiwan L1Shahekou Dalian China 7LUitenhage South Africa NW Consumer tires commercial tires agricultural tires OTR tiresBogor Indonesia NLFulda Germany Passenger car tiresHanau Germany Passenger car tires and race tiresRiesa Germany Passenger car tiresFurstenwalde Germany Passenger car tiresMontlucon France Motorcycle and scooter tires passenger car tiresKranj Slovenia Passenger car tires and truck tiresWittlich Germany Truck tires and truck tire retreadingRiom France Truck tire retreadingTilburg Netherlands Aircraft tire retreadingSee also Edit Companies portalList of tire companies NASCAR Canadian Tire SeriesReferences Edit Our Company The Goodyear Tire amp Rubber Company 2017 Annual Report Form 10 K sec gov U S Securities and Exchange Commission February 2018 Goodyear Returns to Bicycle Tires Bloomberg com March 2 2015 Retrieved January 19 2018 via www bloomberg com Leading tyre manufacturers Tyrepress September 26 2013 Retrieved March 13 2018 O Reilly Maurice 1983 The Goodyear Story Benjamin Company pp 13 21 ISBN 978 0 87502 116 4 Terdiman Daniel Goodyear bids goodbye to blimps says hello to zeppelins CNET Retrieved December 30 2014 FormulaSPEED2 0 Archived from the original on March 27 2012 Retrieved December 29 2011 History of DJIA globalfinancialdata com Archived from the original on September 26 2007 Goodyear Tire amp Rubber Company American company Encyclopedia Britannica Retrieved June 18 2020 What Goodyear Has Learned on the Racetrack It s Taking to the Bicycle Gear Patrol April 9 2018 Retrieved June 18 2020 Danon Mihajlo Borisavljevic Miroslav Terzic Gradimir Trifunovic Ivan Ivkovic Dragan Sekulic Aleksandar Petrovic Predrag Vasic Gradimir Danon Branko Petrovic Sasa Stankovic Petar Stamenkovic Goran Vorotovic Ivan Blagojevic Branislav Rakicevic Caslav Mitrovic Dragan Trajanovic Nikola Korunovic Milos Madic Miroslav Vasic Vlastmir Bukvic Gradimir Danon Branko September 30 2016 PUMA 2016 Zbornik radova IX Naucna konferencija PneUMAtici in Serbian Institut za istrazivanja i projektovanja u privredi p 118 ISBN 978 86 84231 32 3 The Commercial and Financial Chronicle National News Service 1924 Goodyear Zeppelin Company Ohio History Central www ohiohistorycentral org Retrieved November 13 2018 a b GT NYSE Archived May 26 2013 at the Wayback Machine Flight Magazine April 4 1930 The Goodyear Air Wheel pp 404 405 flightglobal com Flightglobal Archive April 4 1930 Retrieved October 23 2013 Peck Merton J amp Scherer Frederic M 1962 The Weapons Acquisition Process An Economic Analysis Harvard Business School p 619 Sull Donal November 27 2000 The Dynamics of Standing Still Firestone Tire amp Rubber and the Radial Revolution Harvard Business School Retrieved June 27 2016 a b Tedlow Richard S 2010 Denial Why Business Leaders Fail to Look Facts in the Face and what to Do about it New York Portfolio ISBN 9781591843139 OCLC 430051381 A Tale of Two Tires Bloomberg History www jags org Retrieved January 19 2018 a b Charles Pilliod Kept Goodyear Out of Rivals Hands 1918 2016 World War II bomber pilot led tire maker when it was besieged by Japanese and European competitors Wall Street Journal May 1 2016 p A6 Retrieved June 27 2016 Corporate History Fountain Tire Fountain Tire Retrieved January 19 2018 a b Kleinfield N r February 9 1983 Goodyear to Acquire Celeron The New York Times ISSN 0362 4331 Retrieved April 10 2020 Reuters November 12 1983 Celeron Pipeline The New York Times ISSN 0362 4331 Retrieved April 10 2020 a href Template Cite news html title Template Cite news cite news a last has generic name help History Goodyear Corporate Retrieved April 11 2020 25 years ago Driving back the raider at the gates of Goodyear Tire and Rubber Co November 27 2011 Retrieved August 8 2015 The Goodyear takeover Debate YouTube Archived from the original on November 3 2021 Retrieved April 11 2020 Hicks Jonathan P November 21 1986 GOODYEAR BUYS OUT GOLDSMITH The New York Times ISSN 0362 4331 Retrieved August 8 2015 We didn t invent the wheel just every innovation since www maxionwheels com Retrieved April 11 2020 a b c d Goodyear History Goodyear Corporate www goodyear com Retrieved January 19 2018 Senate Commerce Committee on GATT YouTube Archived from the original on December 22 2021 Stanley Gault former head of Goodyear and Rubbermaid dies Akron Beacon Journal Retrieved June 18 2020 sec report https sec report Document 0000950152 95 000443 0000950152 95 000443 txt Retrieved June 18 2020 a href Template Cite web html title Template Cite web cite web a Missing or empty title help a b U S Securities and Exchange Commission 2019 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 d OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 2019 U S Securities and Exchange Commission Retrieved June 18 2020 Goodyear to Close Philippines Tire Plant finanznachrichten de Retrieved January 19 2018 agritica com alles over landbouwmechanisatie tractors gebruikte machines tweedehands trekkers Archived November 18 2012 at the Wayback Machine Titan International America s Best Since 1898 Archived December 31 2010 at the Wayback Machine a b c Grossman Dan May 3 2011 The Goodyear Blimp will become Goodyear Zeppelin Airships net Retrieved May 31 2013 GOODYEAR BRIDGESTONE JOIN FORCES TO FORM U S NATIONAL TIRE DISTRIBUTOR corporate goodyear com Retrieved July 18 2018 Goodyear Says It Will Be Better Off Following Its Divorce From ATD moderntiredealer com Retrieved July 18 2018 Breslin John Citing character assassinations of witnesses Goodyear asks for new trial in 40 million asbestos case Retrieved August 26 2018 Vasquez Alex Rosati Andrew December 10 2018 Goodyear Shuts Down in Venezuela and Gives Tires as Severance Bloomberg Retrieved December 11 2018 Goodyear to Acquire Cooper Creating Stronger U S Based Leader in Global Tire Industry Goodyear Corporate Retrieved February 22 2021 CTB GT Goodyear Cooper to Merge in 2 8B Cash Stock Deal Reorg Retrieved February 25 2021 New Air Wheel Now on Market Goodyear Device Does Away with Wheels The Pittsburgh Press Pittsburgh PA USA The Pittsburgh Post Gazette August 4 1929 Retrieved March 26 2014 COMPANY NEWS Sears Will Sell Goodyear Tires The New York Times March 4 1992 ISSN 0362 4331 Retrieved May 26 2020 Titan Tire Corporation Enters Agreement to Purchase Goodyear Farm Tire Business www businesswire com February 28 2005 Retrieved May 26 2020 Schneider Keith June 25 2013 Akron Shakes Off Some Rust With Goodyear Tire s Help The New York Times ISSN 0362 4331 Retrieved May 26 2020 Bennett Jeff October 1 2015 Goodyear Sumitomo Dissolve Global Alliance The Wall Street Journal ISSN 0099 9660 Retrieved May 26 2020 Chang Brittany Goodyear invented a new tire that never needs to be changed Here s how its self regenerating tread works Business Insider Retrieved March 15 2020 How Goodyear Is Using Data Artificial Intelligence And Digital Twins To Create The Tyres Of The Future Forbes May 1 2020 Retrieved May 2 2020 a b c d e f g h i j Goodyear Board of Directors Goodyear Corporate www goodyear com Retrieved January 19 2018 a b Board of Directors Goodyear Corporate Retrieved October 4 2019 Home News Entertainment World Events Video NBCUniversal Archives Retrieved January 19 2018 a b LEDBETTER v GOODYEAR TIRE amp RUBBER CO No 05 1074 421 F 3d 1169 affirmed Day of vindication for grandma as pay law signed January 30 2009 Washington CNN Political Economy Research Institute Toxic 100 Archived 2011 10 01 at the Wayback Machine Retrieved August 14 2007 Goodyear Launch Environmentally Friendly Tire With Corn Starch Goodyear February 8 2008 Archived from the original on September 3 2007 Retrieved May 6 2008 Goodyear Joins U S EPA SmartWay Transport Partnership April 22 2008 Accessed May 6 2008 Pelletier Paul Tidman Aaron Haviland Jane February 25 2015 Goodyear s Settlement with the SEC Emphasizes the Importance of FCPA Due Diligence in M amp A Transactions and of Having a Robust Anti Corruption Policy Mintz Levin Cohn Ferris Glovsky and Popeo P C Retrieved March 2 2015 Horn George March 1 2015 M and A Due Diligence Failures FCPA and Goodyear The National Law Review Barnes amp Thornburg LLP Retrieved March 2 2015 Mandelker Sigal P Emert Rochelle H Caraballo Garrison Phillip J February 27 2015 Goodyear Pays for Sins of Subsidiaries in 16 Million Settlement National Law Review Proskauer Rose LLP Retrieved March 2 2015 Shepardson David Wolfe Jan August 19 2020 Trump urges Goodyear tire boycott after company bars political attire Reuters Retrieved August 19 2020 Wheat Shawn August 18 2020 Goodyear responds to zero tolerance policy slide labeled by employee as discriminatory WIBW Retrieved August 19 2020 Trump calls for boycott of Goodyear accuses company of banning his campaign hats National Post August 19 2020 Retrieved August 19 2020 goodyear August 19 2020 Response from Goodyear Tweet via Twitter Isaac French Shawn Wheat August 19 2020 New audio from the Goodyear training on their zero tolerance policy WIBW TV CBS Retrieved August 22 2020 black lives matter or LGBTQ pride on their face coverings shirts or wristbands That will be deemed approved because it applies with a zero tolerance stance the speaker said during the meeting However if any associate wears all blue white lives matter shirts or face coverings that will be not appropriate goodyear August 20 2020 A message from Rich Kramer By now Tweet via Twitter Veyance Technologies is now a part of ContiTech AG Continental ContiTech Archived from the original on October 9 2015 Retrieved October 10 2015 NHTSA Product Information Catalog and Vehicle Listing Home www nhtsa gov Retrieved January 19 2018 Global Presence Goodyear Corporate www goodyear com Retrieved January 19 2018 Goodyear to open mfg focused R amp D center Tire Business tirebusiness com November 27 2013 Retrieved January 19 2018 Further reading EditRichard Korman The Goodyear Story An Inventor s Obsession and the Struggle for a Rubber Monopoly 2002 Ronald P Conlin Goodyear Advertising Research Past Present and Future Journal of Advertising Research Vol 34 1994 The real story of Goodyear External links Edit Wikimedia Commons has media related to Goodyear Tire and Rubber Company Official website Business data for Goodyear Tire and Rubber Company BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title Goodyear Tire and Rubber Company amp oldid 1140543691, wikipedia, wiki, book, books, library,

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