The Goodyear Tire & Rubber Company, commonly known as Goodyear, is a global titan in the tire manufacturing industry. Founded in 1898 by Frank Seiberling in Akron, Ohio, the company pays homage to Charles Goodyear, the inventor of vulcanized rubber.
Over its illustrious history, Goodyear has pioneered numerous industry innovations, like the groundbreaking all-season tire. Through years of commitment to quality and safety, Goodyear has cemented its reputation as a leading name in tire technology and performance.
As of August 2023, its market cap is $3.68B.
As with all major corporations, Goodyear has experienced its share of challenges and successes, navigating the ever-evolving automotive and transportation industries. Its stock performance over the decades showcases its position in the tire manufacturing sector.
Goodyear's share price has seen periods of robust growth and challenging downturns. Key product innovations and strategic business decisions have historically influenced investor sentiment and share value.
In recent years the share price has reached a high of $24.14 in November 2021 and as of August 11, 2023, it was trading at $12.97.
The Goodyear Tire & Rubber Company faces stiff competition from several globally renowned manufacturers. Bridgestone, a Japanese giant, and Michelin, based in France, are among its top competitors, both boasting extensive global reach and diverse tire portfolios.
Continental, a leading German tire producer, is another significant rival, with a strong foothold in both passenger and commercial vehicle segments. American-based Cooper Tires and Pirelli, with its Italian heritage, further intensify the competitive landscape. These brands, alongside Goodyear, vie for global market share, pushing advancements in tire technology, safety, and performance.
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