CAGE Codes:
041P3 096H6 09JN3 0AZN5
0E603 0E605 0F7L4 0GWR3
0J8G8 0L169 0MUW0 0NTD6
0NTD7 0RL66 0TTR1 0VJR7
Operating Segments: Automotive, Industrial, and Non-tire industrial products and services.
HQ: Akron, Ohio, United States
Partner: Goodyear has partnered with a variety of companies including, but not limited to, the Luftschiffbau Zeppelin Company, Fountain Tire, SmartWay Transport Partnership, Bridgestone Americas, NASCAR, YourMechanic, Local Motors Inc., and Root Insurance.
About The Goodyear Tire & Rubber Company
The Goodyear Tire & Rubber Company, often referred to as just Goodyear, is an American manufacturing company based in Akron, Ohio. Goodyear is well known for their various tire products that serve automobiles, commercial trucks, motorcycles, SUVs, aircraft, farm equipment, and more. Goodyear was first established in 1898 when their first factory was opened in Akron. Originally, their products consisted of tires for bicycles and carriages, rubber horseshoe pads, and poker chips.
As the automobile industry began to take off in the early 1900’s with the invention of the Ford car, Goodyear began to produce racing tires for Henry Ford. During this time, Goodyear also began to join in partnerships with other companies, working with entities such as the Luftschiffbau Zeppelin Company to form joint ventures and develop products. In 1927, Goodyear went public on the New York Stock Exchange, holding its initial public offering. With new financial power, Goodyear began to expand their operations and soon became a multinational corporation.
As the United States started to shift towards the radial tire, Goodyear became one of the select few tire firms that came out on the other side as the machinery for such products proved to be very costly. Nevertheless, the company continued to grow financially, even furthering their expansion in international markets. During the late 1980’s and into the 1990’s, Goodyear began to diversify their operations to ensure continued success, and they began acquiring multiple companies within various market sectors.
The 1990’s served as the last period of major restructuring for Goodyear leading into the present, as it was at this time that they began to further expand into other markets and acquire businesses. Recently, Goodyear has begun to sell off some of their international plants due to a lack of competition, also announcing new partnerships and joint-ventures to further their operations.
Products, Services, and Platforms
Products Include But Are Not Limited To
- Automotive: Goodyear provides a wide variety of automotive tires for vehicles such as passenger cars, SUVs, trucks, performance vehicles, and more. Some of their products specialize in certain applications as well, such as winter tires or off-roading tires.
- Industrial: Goodyear produces and supplies industrial tires for vehicles such as commercial trucks, cranes, dozers, ATVs, RVs, and for aviation applications.
- Non-tire Industrial: Goodyear also produces industrial products outside of their tires, including items such as air springs, hydraulics, conveyor belts, rubber tracks, synthetic rubber, etc.
Subsidiaries/Partners
Goodyear has partnered with Luftschiffbau Zeppelin Company, Fountain Tire, SmartWay Transport Partnership, Bridgestone Americas, NASCAR, YourMechanic, Local Motors Inc., Root Insurance, and more through their extensive history. The Goodyear Tire & Rubber Company has an extensive portfolio of subsidiaries, including those such as Dunlop Tyres, Goodyear Dunlop Sava Tires, Kelly-Springfield Tire Company, TireHub, LLC, Wingfoot Commercial Tire Systems LLC, and Goodyear Public Co ltd (Thailand).
Competitors
Goodyear’s competitors include Yokohama, Sumitomo, Cooper Tires, Michelin, Bridgestone, Pirelli, and Continental.