Goodyear Tire and Rubber Company
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. As of 2017, Goodyear is one of the top four tire manufacturers along with Bridgestone (Japan), Michelin (France), and Continental (Germany).
Logo used since 1968 | |
Goodyear's new headquarters building in Akron, Ohio | |
| Company type | Public |
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Traded as |
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| Industry | Manufacturing |
| Founded | August 29, 1898 Akron, Ohio, U.S. |
| Founder | Frank 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) |
| Products | Tires |
| Revenue | US$12.32 billion (2020) |
| US$−538 Million (2020) | |
Net income | 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) |
| Subsidiaries | List of subsidiaries |
| Website | goodyear |
| Footnotes / references | |
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. 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.
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. 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. The company opened a new global headquarters building in Akron in 2013.