Goodyear highlights sustainable tires at the European truck racing championship
Competitors utilize tires containing sixty percent recycled content while attendees examine new fleet management technologies.
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Tire manufacturer and automotive service provider
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In short: Goodyear executed its turnaround plan through plant closures and debt management while focusing on premium EV and luxury SUV segments.
Competitors utilize tires containing sixty percent recycled content while attendees examine new fleet management technologies.
It recorded a $204 million net loss driven by lower volumes and higher costs, while segment operating income dropped to $36 million.
Net proceeds will refinance outstanding 4.875 percent senior notes maturing in March 2027 and fund general corporate operations. Joint book-running managers include J.P. Morgan and BofA Securities.
Fourth quarter net sales reached $4.9 billion with an 8.5% segment operating margin, while full-year adjusted net income totaled $136 million. An investor conference call follows on February 10.
The tire maker has an ongoing turnaround plan as the company tries to restructure its business, refinance and pay down years of debt.
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Goodyear’s decision to wind-down its Fayetteville, N.C., plant will save the tire maker money and advance its strategic goal of having the right factories to...
Goodyear Tire is reportedly set to name Stellantis executive Mark Stewart as its new CEO, following pressure from activist investor Elliott Management.
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