sector: Cyclical Consumer Goods & Services ·
industry: Tires & Rubber Products ·
As of
25 Nov 2009
14.00USD
The Goodyear Tire & Rubber Company (Goodyear) is a manufacturer of tires. The Company, along with its United States and international subsidiaries and joint ventures, develops, manufactures, market and distribute tires for applications. Goodyear also manufactures and markets rubber-related chemicals for various applications. The Company is an operator of commercial truck service and tire retreading centers. In addition, it operates more than 1,600 tire and auto service center outlets where it offers its products for retail sale and provides automotive repair and other services. The Company manufactures its products in 61 manufacturing facilities in 25 countries, including the United States. During the year ended December 31, 2008, Goodyear operated its business through four segments: North American Tire; Europe, Middle East and Africa Tire; Latin American Tire, and Asia Pacific Tire.
BRIEF: For the nine months ended 30 September 2009, The Goodyear Tire & Rubber Company's revenues decreased 23% to $11.86B. Net loss totaled $482M vs. an income of $253M. Revenues reflect a decrease in sales from Europe, Middle East & Africa Tire and lower income from North American Tire. Net loss reflects an increase in rationalizations expenses, a decrease in interest income and lower gains on asset sales, decreased royalty income.
The Goodyear Tire & Rubber Company
1144 East Market Street
Akron OH 44316
P: +1330.7962121
F: +1330.7962222