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The Goodyear Tire & Rubber Company

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Goodyear regularly launches innovative products and services to boost sales and remain competitive in the market. In March, it offered a preview of its EfficientGrip Performance tire’s prototype that will cater the electric vehicle segment. Further, in order to boost shareholders confidence in the company, it engages in frequent share repurchase programs and pays regular quarterly dividends. However, competitive environment, raw material costs, weak demand and complex industry conditions are few headwinds that the company is facing. Also, a rise in gasoline prices and interest rates might lead to weakening the demand for its original equipment and consumer replacement tires in the United States and Europe.

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