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 automobiles, commercial trucks, light trucks, motorcycles, SUVs, race cars, airplanes, farm equipment and heavy earth-moving 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 four tire manufacturers along with Bridgestone (Japan), Michelin (France) and Continental (Germany).[4]

The Goodyear Tire & Rubber Company
TypePublic
IndustryManufacturing
FoundedAugust 29, 1898; 123 years ago (1898-08-29)
Akron, Ohio, U.S.
FounderFrank Seiberling
Headquarters
Akron, Ohio
,
U.S.
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 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. It is the sole tire supplier for NASCAR series.

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.


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