Goodyear Tire and Rubber Company
Overview
The Goodyear Tire & Rubber Company was founded in 1898 by Frank Seiberling
Frank Seiberling
Franklin Augustus Seiberling was an American inventor and founder. He is most famous for founding the Goodyear Tire and Rubber Company and the Seiberling Rubber Company...

. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery.

Even though he had no connection with the company, it was named after Charles Goodyear
Charles Goodyear
Charles Goodyear was an American inventor who developed a process to vulcanize rubber in 1839 -- a method that he perfected while living and working in Springfield, Massachusetts in 1844, and for which he received patent number 3633 from the United States Patent Office on June 15, 1844Although...

 of Springfield, Massachusetts
Springfield, Massachusetts
Springfield is the most populous city in Western New England, and the seat of Hampden County, Massachusetts, United States. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers; the western Westfield River, the eastern Chicopee River, and the eastern...

. Goodyear invented vulcanized
Vulcanization
Vulcanization or vulcanisation is a chemical process for converting rubber or related polymers into more durable materials via the addition of sulfur or other equivalent "curatives." These additives modify the polymer by forming crosslinks between individual polymer chains. Vulcanized material is...

 rubber in 1839. The first Goodyear tires became popular because they were easily detachable and low maintenance.

Goodyear is very famous throughout the world because of the Goodyear Blimp
Goodyear Blimp
The Goodyear Blimp is the collective name for a fleet of blimps operated by Goodyear Tire and Rubber Company for advertising purposes and for use as a television camera platform for aerial views of sporting events...

.
Encyclopedia
The Goodyear Tire & Rubber Company was founded in 1898 by Frank Seiberling
Frank Seiberling
Franklin Augustus Seiberling was an American inventor and founder. He is most famous for founding the Goodyear Tire and Rubber Company and the Seiberling Rubber Company...

. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, SUVs, race cars, airplanes, farm equipment and heavy earth-mover machinery.

Even though he had no connection with the company, it was named after Charles Goodyear
Charles Goodyear
Charles Goodyear was an American inventor who developed a process to vulcanize rubber in 1839 -- a method that he perfected while living and working in Springfield, Massachusetts in 1844, and for which he received patent number 3633 from the United States Patent Office on June 15, 1844Although...

 of Springfield, Massachusetts
Springfield, Massachusetts
Springfield is the most populous city in Western New England, and the seat of Hampden County, Massachusetts, United States. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers; the western Westfield River, the eastern Chicopee River, and the eastern...

. Goodyear invented vulcanized
Vulcanization
Vulcanization or vulcanisation is a chemical process for converting rubber or related polymers into more durable materials via the addition of sulfur or other equivalent "curatives." These additives modify the polymer by forming crosslinks between individual polymer chains. Vulcanized material is...

 rubber in 1839. The first Goodyear tires became popular because they were easily detachable and low maintenance.

Goodyear is very famous throughout the world because of the Goodyear Blimp
Goodyear Blimp
The Goodyear Blimp is the collective name for a fleet of blimps operated by Goodyear Tire and Rubber Company for advertising purposes and for use as a television camera platform for aerial views of sporting events...

. The first Goodyear blimp flew in 1925. Today it is one of the most recognizable advertising icons in America. The company is the most successful tire supplier
Formula One tyres
Formula One tyres play a significant role in the performance of a Formula One car. The tyres have undergone significant changes throughout the history of Formula One, with different manufacturers and specifications used in the sport.-History:...

 in Formula One
Formula One
Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...

 history, with more starts, wins, and constructors' championships than any other tire supplier. They pulled out of the sport after the 1998 season
1998 Formula One season
The 1998 Formula One season was the 49th FIA Formula One World Championship season. It commenced on March 8, 1998, and ended on November 1 after sixteen races.-Season summary:...

. It is the sole tire supplier for NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

 series.

Goodyear is a former component of the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...

.

Company locations

Principal operating facilities:
North American Tire Manufacturing Facilities. North American Tire owns (or leases with the right to purchase at a nominal price) and operates 23 manufacturing facilities in the United States and Canada.
  • 10 tire plants (8 in the United States and 2 in Canada),
  • 1 steel tire wire cord plant,
  • 4 chemical plants,
  • 1 tire mold plant,
  • 3 tire retread plants,
  • 2 aviation retread plants, and
  • 2 mix plants (1 in the United States and 1 in Canada).
  • at least one known hose plant (located in the United States).


These facilities have floor space aggregating approximately 24900000 square feet (2,313,285.7 m²).

European Union Tire Manufacturing Facilities. European Union Tire owns and operates 15 manufacturing facilities in 5 countries, including:
  • 14 tire plants,
  • 1 steel tire wire cord plant,
  • 1 tire mold and tire manufacturing machines facility,
  • 1 aviation retread plant, and
  • 1 mix plant.


These facilities have floor space aggregating approximately 13400000 square feet (1,244,900.7 m²).

Eastern Europe, Middle East and Africa Tire Manufacturing Facilities. Eastern Europe Tire owns and operates 5 tire plants in 4 countries. These facilities have floor space aggregating approximately 7300000 square feet (678,192.2 m²).

Latin American Tire Manufacturing Facilities. Latin American Tire owns and operates 9 manufacturing facilities in 5 countries, including 6 tire plants, 1 textile mill, 1 tire retread plant, and 1 aviation retread plant. These facilities have floor space aggregating approximately 5600000 square feet (520,257 m²).

Asia Pacific Tire Manufacturing Facilities. Asia Pacific Tire owns and operates 10 tire plants and 2 aviation retread plants in 9 countries. These facilities have floor space aggregating approximately 6200000 square feet (575,998.8 m²).

Plant Utilization. Worldwide tire capacity utilization rate was approximately 86% during 2007 compared to approximately 82% in 2006 and 87% in 2005. 2007 utilization increased due to the recovery from the 2006 USW strike.

Other Facilities. Goodyear owns and operates three research and development facilities and technical centers:
  • Goodyear Innovation Center in Akron, Ohio (853 Employees)
  • Goodyear Innovation Center Luxembourg, Colmar-Berg (900 Employees )
  • Technical Center in Kobe, Japan (a joint venture with Sumitomo Rubber Industries
    Sumitomo Rubber Industries
    is a tire and rubber company based in Japan. It is part of the Sumitomo Group.The company traces its origins to 1909, when the Sumitomo Group made an investment in Dunlop Japan, the newly formed Japanese subsidiary of the British company Dunlop Rubber...

    )


Goodyear also owns six tire proving grounds, in the following areas:
  • San Angelo, Texas
    San Angelo, Texas
    San Angelo is a city in the state of Texas. Located in West Central Texas it is the county seat of Tom Green County. As of 2010 according to the United States Census Bureau, the city had a total population of 93,200...

  • Mireval, France
  • Colmar-Berg
    Colmar-Berg
    Colmar-Berg is a commune and town in central Luxembourg, in the canton of Mersch. It is situated at the confluence of the rivers Attert and Alzette....

    , Luxembourg
    Luxembourg
    Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

  • Akron, Ohio
    Akron, Ohio
    Akron , is the fifth largest city in the U.S. state of Ohio and the county seat of Summit County. It is located in the Great Lakes region approximately south of Lake Erie along the Little Cuyahoga River. As of the 2010 census, the city had a population of 199,110. The Akron Metropolitan...

  • Americana, Brazil
  • JARI Ibaraki, Japan
    Japan
    Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

    (Sumitomo ? )


The company also operates more than 1,800 retail outlets for the sale of tires to consumers, approximately 60 tire retreading facilities and approximately 160 warehouse distribution facilities. Substantially all of these facilities are leased.

Early history 1898-1926

The first Goodyear factory opened in Akron, Ohio in 1898. The thirteen original employees manufactured bicycle
Bicycle tire
A bicycle tire is a tire that fits on the wheel of a bicycle, unicycle, tricycle, quadracycle, bicycle trailer, or trailer bike. They may also be used on wheelchairs and handcycles, especially for racing...

 and carriage
Carriage
A carriage is a wheeled vehicle for people, usually horse-drawn; litters and sedan chairs are excluded, since they are wheelless vehicles. The carriage is especially designed for private passenger use and for comfort or elegance, though some are also used to transport goods. It may be light,...

 tires, rubber horseshoe
Horseshoe
A horseshoe, is a fabricated product, normally made of metal, although sometimes made partially or wholly of modern synthetic materials, designed to protect a horse's hoof from wear and tear. Shoes are attached on the palmar surface of the hooves, usually nailed through the insensitive hoof wall...

 pads, and poker chips
Casino token
Casino tokens are small discs used in lieu of currency in casinos. Colored metal, injection molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines...

. The company grew with the advent of the automobile.

In 1901 Frank Seiberling
Frank Seiberling
Franklin Augustus Seiberling was an American inventor and founder. He is most famous for founding the Goodyear Tire and Rubber Company and the Seiberling Rubber Company...

 provided Henry Ford
Henry Ford
Henry Ford was an American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. His introduction of the Model T automobile revolutionized transportation and American industry...

 with racing tires. In 1903, Paul Weeks Litchfield is granted a patent for the first tubeless automobile tire. By 1908 Ford was outfitting his Model T
Ford Model T
The Ford Model T is an automobile that was produced by Henry Ford's Ford Motor Company from September 1908 to May 1927...

 with Goodyear tires. In 1912 Goodyear manufactured its first aircraft tire.

In 1911 Goodyear started experimenting with airship
Airship
An airship or dirigible is a type of aerostat or "lighter-than-air aircraft" that can be steered and propelled through the air using rudders and propellers or other thrust mechanisms...

 design. It later manufactured airships and observation balloon
Observation balloon
Observation balloons are balloons that are employed as aerial platforms for intelligence gathering and artillery spotting. Their use began during the French Revolutionary Wars, reaching their zenith during World War I, and they continue in limited use today....

s for the United States Army Air Service
United States Army Air Service
The Air Service, United States Army was a forerunner of the United States Air Force during and after World War I. It was established as an independent but temporary wartime branch of the War Department by two executive orders of President Woodrow Wilson: on May 24, 1918, replacing the Aviation...

 during World War I
World War I
World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

. The transport and reconnaissance capabilities that Goodyear provided contributed significantly to the Allied
Allies of World War I
The Entente Powers were the countries at war with the Central Powers during World War I. The members of the Triple Entente were the United Kingdom, France, and the Russian Empire; Italy entered the war on their side in 1915...

 victory.

In 1916, Litchfield finds land in the Phoenix area to be suitable for growing long-staple cotton, needed for reinforcing rubber in tires. The 36,000 acres purchased were controlled by the Southwest Cotton Company, formed with Litchfield as president. (This included land that would develop into the towns of Goodyear
Goodyear, Arizona
Goodyear is a city in Maricopa County, Arizona, United States. According to the 2010 census, the population of the city is 65,275...

 and Litchfield Park
Litchfield Park, Arizona
Litchfield Park is a city in Maricopa County, Arizona, United States. In 2010 it had a population of 5,476.-History:The town of Litchfield Park is named for its founder, Paul Weeks Litchfield...

).

In 1924, Litchfield as Goodyear Vice President forges a joint venture with the head of Zeppelin to form the Goodyear-Zeppelin Corporation.

By 1926 Goodyear was the largest rubber company in the world. Only four years earlier they were forced to temporarily cease race tire production due to competition. Nevertheless, the popularity of the Goodyear tire on the racing circuit led to a popular demand for the brand.

Expansion 1926-1990

For the next sixty years Goodyear grew to become a Multinational corporation
Multinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...

 with multi-billion dollar earnings. It acquired their rival Kelly-Springfield Tire in 1935. During World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

 Goodyear manufactured F4U Corsair
F4U Corsair
The Vought F4U Corsair was a carrier-capable fighter aircraft that saw service primarily in World War II and the Korean War. Demand for the aircraft soon overwhelmed Vought's manufacturing capability, resulting in production by Goodyear and Brewster: Goodyear-built Corsairs were designated FG and...

 fighter planes for the U.S. Military. WWII also forces the dissolution of the Goodyear-Zeppelin partnership in December of 1940. By 1956 they owned and operated a nuclear processing plant in Ohio.

In 1944, Goodyear created a subsidiary in Mexico in a joint venture with Compañía Hulera, S.A. de C.V.
S.A. (corporation)
S.A. designates a particular type of corporation in various countries, mostly those employing the civil law. It originated in Spain during the 16th century. Depending on language, the abbreviation stands for various phrases meaning anonymous society, anonymous company, anonymous partnership, or...

, Compañía Hulera Goodyear-Oxo, S.A. de C.V. or Goodyear-Oxo.

Sales for 1969 topped $3 billion, five years later sales topped $5 billion and it boasted operations in thirty four countries. In 1978 the original Akron plant was converted into a Technical Center for research and design. By 1985 worldwide sales exceeded $10 billion dollars.

Goodyear Aerospace
Goodyear Aerospace
Goodyear Aerospace Corporation was the aerospace and defense subsidiary of Goodyear.-Early Years:The company began as Goodyear Tire & Rubber Co.’s Aeronautics Department and renamed in 1917 as the Goodyear Zeppelin Corporation set up to construct dirigibles for the US military...

, a holding that developed from the Goodyear Aircraft Company after World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

 designed a supercomputer for NASA's Goddard Spaceflight Center in 1979, the MPP
Goodyear MPP
The Goodyear Massively Parallel Processor was amassively parallel processing supercomputer built by Goodyear Aerospacefor the NASA Goddard Space Flight Center.It was designed to deliver enormous computational power at lower cost than...

. The subsidiary was sold in 1987 to the Loral Corp.
Loral Corporation
Loral Corporation was a defense contractor founded in 1948 in New York by William Lorenz and Leon Alpert as Loral Electronics Corporation. The company's name was taken from the first letters of each founder's surname....

 as a result of restructuring.

In 1987, Goodyear formed a business partnership with Canadian tire retailer, Fountain Tire
Fountain Tire
Fountain Tire provides tire and automotive services to the general consumer and the commercial, farming, and mining industries. The company employs licensed technicians to service automotive needs ranging from tire services and brakes, to shocks and transmissions.Fountain Tire also has a Corporate...

.

The Goldsmith affair

In October 1986 The Goodyear Rubber & Tire Company was a victim of a Greenmail
Greenmail
Greenmail or greenmailing is the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the target firm to buy those shares back at a premium in order to suspend the takeover....

 attack. British financier James Goldsmith
James Goldsmith
Sir James Michael "Jimmy" Goldsmith was an Anglo-French billionaire financier and tycoon. Towards the end of his life, he became a magazine publisher and a politician. In 1994, he was elected to represent France as a Member of the European Parliament and he subsequently founded the short-lived...

 in conjunction with the investment group Hanson
Hanson plc
Hanson plc is a British based international building materials company, headquartered in Maidenhead. Traded on the London Stock Exchange and a constituent of the FTSE 100 Index for many years, the company was acquired by a division of German rival Heidelberg Cement in August 2007.-History:Hanson...

 purchased 11.5% of Goodyear's outstanding common stock. They threatened to take the company over. On November 20, 1986, Goodyear acquiared all of the 12,549,400 shares of stock held by Goldsmith's group at an above-market price of $49.50 per share. Goodyear also made a tender offer for up to 40 million shares of its stock from other shareholders at $50 per share. The tender offer resulted in Goodyear buying 40,435,764 shares of stock in February 1987.

As a result, Goodyear took a charge of $224.6 million associated with a massive restructuring plan. The company closed plants in Cumberland, Maryland; New Toronto, Ontario, Canada, and Windsor, Vermont. It sold its Goodyear Aerospace business to Loral Corporation for $588 million and its Motor Wheel business to MWC Inc. for $175 million. Two subsidiaries involved in agricultural products, real estate development and a resort hotel in Arizona were sold for $220.1 million.

1990 to present

The last major restructuring of the company took place in 1991. Goodyear hired Stanley Gault
Stanley Gault
Stanley C. Gault spent 31 years with General Electric before being named Chairman of the Board and CEO of Rubbermaid from 1981-1991. He became CEO and Chairman of The Goodyear Tire and Rubber Company from 1991-1996. Since 1985, he has been a director at Avon Products, Inc...

, former CFO of Rubbermaid
Newell Rubbermaid
Newell Rubbermaid is a global marketer of consumer and commercial products including such well-known brands as Rubbermaid food storage, home organization, and refuse container products; Sharpie, PaperMate, Parker and Waterman writing instruments; Calphalon gourmet cookware; Goody beauty and...

 to expand the company into new markets. The moves resulted in 12,000 employees being laid off.

Recent history

In 2005, Titan Tire purchased the farm tire business of Goodyear, and continues manufacturing Goodyear agricultural tires under license. This acquisition included the plant in Freeport, Illinois
Freeport, Illinois
Freeport is a city in and the county seat of Stephenson County, Illinois, United States. The population was 26,443 at the 2000 census. The mayor of Freeport is George W...

.

On July 10, 2008, the Goodyear Tire & Rubber Company was recognized as one of America’s most respected companies by the Reputation Institute (RI) and Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

 magazine. Goodyear ranked 16th on the magazine’s third
annual listing of companies with the best reputations in the United States.

The list is based on the results RI’s Global Pulse consumer opinion survey, which measures the overall respect, trust, esteem, admiration and good feelings consumers hold toward the world’s largest companies.

Scores are based on RI’s seven dimensions of reputation
Reputation
Reputation of a social entity is an opinion about that entity, typically a result of social evaluation on a set of criteria...

: products/services, innovation, workplace, citizenship, governance, leadership and performance. RI said the 2008 survey indicates that consumers are most influenced by a company’s high-quality products and services as well as its governance and citizenship.

Goodyear’s score of 76.0, represented a 7.54 point increase over 2007 and was the largest year-over-year improvement of any company on the list. Goodyear is the only tire company on the top-75 list.

The recognition from RI and Forbes is the fifth significant honor for Goodyear in 2008. The company was named the world’s most admired company in the motor vehicle parts industry by Fortune
Fortune (magazine)
Fortune is a global business magazine published by Time Inc. Founded by Henry Luce in 1930, the publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner. In turn, AOL grew as it acquired Time Warner in 2000 when Time Warner was the world's largest...

 magazine. Audit Integrity Inc. and Forbes magazine ranked Goodyear sixth on their list of America’s most trustworthy companies. The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....

 recognized Goodyear for leading shareholder return for the past five years in the automotive category. Goodyear was also ranked among the Top 100 Corporate Citizens selected by CRO magazine.

The company announced in summer 2009 that it will close its tire plant in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

 as part of a strategy to address uncompetitive manufacturing capacity globally by the end of the third quarter.

Goodyear announced that will sell the assets of its Latin America
Latin America
Latin America is a region of the Americas where Romance languages  – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...

n off-road tire business to Titan Tire for US$98.6 million. This includes the plant in Sao Paulo
São Paulo
São Paulo is the largest city in Brazil, the largest city in the southern hemisphere and South America, and the world's seventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the second-most populous metropolitan area in the Americas and among...

, Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...

, and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand, similar to its 2005 purchase of Goodyear's US farm tire assets.

In 2011, more than 70 years after the dissolution of the Goodyear-Zeppelin Corporation, it is announced that Goodyear will partner with Zeppelin again (the legacy company Zeppelin Luftschifftechnik) to build more zeppelins together.

Timeline

  • 1898 — Goodyear Founded
  • 1899 — automobile tires added to the original product line of bicycle tires, carriage tires and horseshoe pads
  • 1901 — Seiberling
    Frank Seiberling
    Franklin Augustus Seiberling was an American inventor and founder. He is most famous for founding the Goodyear Tire and Rubber Company and the Seiberling Rubber Company...

     makes racing tires for Henry Ford
    Henry Ford
    Henry Ford was an American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. His introduction of the Model T automobile revolutionized transportation and American industry...

  • 1903 — Paul Litchfield granted patent on first tubeless automobile tire (Litchfield would go on to become president of Goodyear-Zeppelin, then board chairman)
  • 1908 — Ford's Model T
    Ford Model T
    The Ford Model T is an automobile that was produced by Henry Ford's Ford Motor Company from September 1908 to May 1927...

     is outfitted with Goodyear tires
  • 1909 — first pneumatic aircraft tire
  • 1911 — first airship
    Airship
    An airship or dirigible is a type of aerostat or "lighter-than-air aircraft" that can be steered and propelled through the air using rudders and propellers or other thrust mechanisms...

     envelope
  • 1912 — Goodyear blimp first debuts
  • 1917 — made airships & balloons for the U.S. military during World War I
    World War I
    World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

  • 1919 — tires on the winning car at the Indianapolis 500
    Indianapolis 500
    The Indianapolis 500-Mile Race, also known as the Indianapolis 500, the 500 Miles at Indianapolis, the Indy 500 or The 500, is an American automobile race, held annually, typically on the last weekend in May at the Indianapolis Motor Speedway in Speedway, Indiana...

  • 1924 — Zeppelin patents acquired, joint venture Goodyear-Zeppelin Corporation formed with the German company
  • 1925 — Pilgrim is launched, the first commercial non-rigid airship to use helium
  • 1926 — world's largest rubber company, based on sales of $230,161,356
  • 1929 — construction of world's largest airship dock started in Akron
  • 1935 — acquired Kelly-Springfield Tire
  • 1937 — first American-made synthetic rubber tire
  • 1940 — in December, Goodyear-Zeppelin Corporation dissolved with WWII straining partnership
  • 1942 — awarded contract to build Corsair fighter planes
  • 1947 — first nylon tires developed
  • 1949 — first television advertising with sponsorship of "The Goodyear Review," hosted by Paul Whiteman
  • 1954 — first nationwide strike in company's history lasted 52 days
  • 1956 — Goodyear-operated U235 atomic processing plant opens in Ohio
    Ohio
    Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...

  • 1958 — production of foam-padded instrument panels begun for 1959 model cars
  • 1962 — Goodyear racing tires used on more winning stock and sports cars than any other brand
  • 1963 — Goodyear produces its one billionth tire
  • 1965 — radial-ply tires made available in a full range of sizes to auto manufacturers
  • 1967 — Goodyear introduces the Polyglas
    Goodyear Polyglas tire
    The Goodyear Polyglas tire is a trademark of Goodyear. It was the name of a bias belted tire introduced in 1967 which generally had a wider tread than most other tires on the market at the time and used belts made of fiberglass...

     tire, one of the first wide-tread bias-belted fiberglass tires, which along with similar tires from competitors such as the Firestone Wide-Oval would become regular equipment on 1970 to 1974 models, which would be superseded by radial tires beginning in 1975.
  • 1969 — sales reach $3 billion
  • 1970 — first tires on the moon (Apollo 14)
  • 1974 — sales reach $5 billion
  • 1975 — all tires used in Indianapolis 500 supplied by Goodyear
  • 1976 — Chemical Division shipped first shatterproof polyester resin bottles
  • 1977 — industry's first all-season tire (Tiempo) introduced
  • 1978 — Akron plant converted into Technical Center for R&D
  • 1983 — three billionth tire produced
  • 1984 — worldwide sales exceed $10 billion
  • 1986 — James Goldsmith
    James Goldsmith
    Sir James Michael "Jimmy" Goldsmith was an Anglo-French billionaire financier and tycoon. Towards the end of his life, he became a magazine publisher and a politician. In 1994, he was elected to represent France as a Member of the European Parliament and he subsequently founded the short-lived...

     takeover attempt and resulting restructuring
  • 1987 — completion of the California - Texas "All American" oil pipeline
  • 1991 — Aquatred tire introduced
  • 1992 — began selling tires at Sears stores
  • 1993 — opened first tire store in Beijing, China
  • 1994 — "electronic store" opened on CompuServe
    CompuServe
    CompuServe was the first major commercial online service in the United States. It dominated the field during the 1980s and remained a major player through the mid-1990s, when it was sidelined by the rise of services such as AOL with monthly subscriptions rather than hourly rates...

  • 1995 — worldwide sales exceed $13 billion
  • 1998 — sold the All American Pipeline and Celeron businesses
  • 1999 — Announced $1 billion global alliance with Japan's Sumitomo Rubber Industries, which had rights to the Dunlop tire brand in much of the world, to establish six joint ventures in North America, Europe and Japan
  • 2000 — formed an Internet-based purchasing alliance with five other rubber companies called RubberNetwork.com
  • 2003 — quarterly dividend to shareholders eliminated
  • 2004 — Assurance TripleTred and ComforTred tires introduced
  • 2005 — North American farm tire operations sold to Titan Tire Corporation
  • 2006 — Goodyear blimp made maiden voyage in China
  • 2007 — Engineered Products Division sold to Carlyle Group; EPD is renamed Veyance Technologies
  • 2008 — Voluntary Employees’ Beneficiary Association trust (VEBA) approved by U.S. District Court, funded with $1 billion
  • 2009 — Goodyear Assurance Fuel Max tire introduced in North America
  • 2010 — plans announced to sell European and Latin American farm tire businesses
  • 2011 — after being dissolved during WWII, Goodyear and Zeppelin's legacy company partner again to build more airships together

Corporate structure and leadership

The Goodyear Tire & Rubber Company is structured into the following units:
  • Asia Pacific Region
    • Pierre E. Cohade, President
  • Europe, Middle East & Africa Business
    • Arthur de Bok, President
  • Latin American Region
    • Jaime C. Szulc, President
  • North American Tire
    • Steve McClellan, President

Current members of the board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

 of Goodyear are: James C. Boland, James A. Firestone, Werner Geissler, Peter S. Hellman, Rodney O'Neal, Stephanie Streeter
Stephanie Streeter
Stephanie Streeter is interim Chief Executive Officer of the United States Olympic Committee.She has been on the U.S. Olympic Committee board since May 2004, and was involved in supporting the teams at the 2008 Summer Olympics and Paralympic Games, and has been on the board of the group bidding to...

, Shirley D. Peterson, G. Craig Sullivan, Thomas H. Weidemeyer, Michael R. Wessel, W. Alan McCollough, and Richard J. Kramer (chairman).

Richard Kramer
Richard Kramer
The Honorable Richard A. Kramer was born in Brookline, Massachusetts on July 22, 1947 and graduated from the University of Southern California Law School in 1972 as a Doctor of Jurisprudence, following a Bachelor of Arts, magna cum laude degree in political science in 1969. He was appointed to the...

 is the chief executive officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 and president of the company (since 2010), succeeding Robert J. Keegan.

Subsidiaries

  • Dunlop Tyres
    Dunlop Tyres
    Dunlop Tyres is a British company owned 75% by Goodyear Tire and Rubber Company and 25% by Sumitomo Rubber Industries, which bought the right to sell Dunlop-branded road tyres....


  • The Kelly Springfield Tire Company
    The Kelly Springfield Tire Company
    The Kelly-Springfield Tire Company was founded in Springfield, Ohio by Edwin Kelly and Arthur Grant in 1894.-Formation:Edwin Kelly originally called the company The Rubber Tire Wheel Company because it made rubber carriage wheels. Arthur Grant was issued for his solid rubber tire in a rim channel...


  • Fierce


  • Sava Tires (Slovenia)

  • Fulda (Germany)

  • Dębica (Poland)

  • Wingfoot commercial tire systems, LLC.


Bluestreak(Indonesia)

Regetta (Australia) Distributed by KMART

LS2000 (Japan) Distributed by Goodyear Autocare

Sexual discrimination lawsuits

United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 Supreme Court Justice Ruth Bader Ginsburg
Ruth Bader Ginsburg
Ruth Joan Bader Ginsburg is an Associate Justice of the Supreme Court of the United States. Ginsburg was appointed by President Bill Clinton and took the oath of office on August 10, 1993. She is the second female justice and the first Jewish female justice.She is generally viewed as belonging to...

 stated,

Lilly Ledbetter was a supervisor at Goodyear Tire and Rubber’s plant in Gadsden, Alabama, from 1979 until her retirement in 1998. For most of those years, she worked as an area manager, a position largely occupied by men. Initially, Ledbetter’s salary was in line with the salaries of men performing substantially similar work. Over time, however, her pay slipped in comparison to the pay of male area managers with equal or less seniority. By the end of 1997, Ledbetter was the only woman working as an area manager and the pay discrepancy between Ledbetter and her 15 male counterparts was stark: Ledbetter was paid $3,727 per month; the lowest paid male area manager received $4,286 per month, the highest paid, $5,236.


Lilly Ledbetter sued Goodyear claiming she was paid less than men doing the same work. She won the suit and was awarded $360,000, the jury deciding that Goodyear had clearly engaged in discrimination. The case was appealed to the Supreme Court
Supreme Court of the United States
The Supreme Court of the United States is the highest court in the United States. It has ultimate appellate jurisdiction over all state and federal courts, and original jurisdiction over a small range of cases...

. In Ledbetter v. Goodyear Tire & Rubber Co.
Ledbetter v. Goodyear Tire & Rubber Co.
Ledbetter v. Goodyear Tire & Rubber Co., 550 U.S. 618 , is an employment discrimination decision of the Supreme Court of the United States. Justice Alito held for the five-justice majority that employers cannot be sued under Title VII of the Civil Rights Act over race or gender pay discrimination...

, 550 U.S. ___ (2007), Justice Alito held for the five-justice majority that employers are protected from lawsuits over race or gender pay discrimination if the claims are based on decisions made by the employer 180 days ago or more. The United States Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....

 overturned this decision by passing the Lilly Ledbetter Fair Pay Act of 2009 which was the first bill signed into law by President Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

.

This was a case of statutory rather than constitutional interpretation. The plaintiff in this case, Lilly Ledbetter, characterized her situation as one where "disparate pay is received during the statutory limitations period, but is the result of intentionally discriminatory pay decisions that occurred outside the limitations period." In rejecting Ledbetter's appeal, the Supreme Court said that "she could have, and should have, sued" when the pay decisions were made, instead of waiting beyond the 180-day statutory charging period.

Justice Ginsburg dissented from the opinion of the Court, joined by Justices Stevens, Souter, and Breyer. She argued against applying the 180-day limit to pay discrimination, because discrimination often occurs in small increments over large periods of time. Furthermore, the pay information of fellow workers is typically confidential and unavailable for comparison. Ginsburg argued that pay discrimination is inherently different from adverse actions, such as termination. Adverse actions are obvious, but small pay discrepancy is often difficult to recognize until more than 180 days of the pay change. Ginsburg argued that the broad remedial purpose of the statute was incompatible with the Court's "cramped" interpretation. Her dissent asserted that the employer had been, "Knowingly carrying past pay discrimination forward" during the 180-day charging period, and therefore could be held liable.

Environmental record

Researchers at the University of Massachusetts Amherst
University of Massachusetts Amherst
The University of Massachusetts Amherst is a public research and land-grant university in Amherst, Massachusetts, United States and the flagship of the University of Massachusetts system...

 identified Goodyear as the 19th-largest corporate producer of air pollution
Air pollution
Air pollution is the introduction of chemicals, particulate matter, or biological materials that cause harm or discomfort to humans or other living organisms, or cause damage to the natural environment or built environment, into the atmosphere....

 in the United States, with roughly 4.16 million lbs of toxins released into the air annually. Major pollutants included sulfuric acid
Sulfuric acid
Sulfuric acid is a strong mineral acid with the molecular formula . Its historical name is oil of vitriol. Pure sulfuric acid is a highly corrosive, colorless, viscous liquid. The salts of sulfuric acid are called sulfates...

, cobalt
Cobalt
Cobalt is a chemical element with symbol Co and atomic number 27. It is found naturally only in chemically combined form. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal....

 compounds, and chlorine
Chlorine
Chlorine is the chemical element with atomic number 17 and symbol Cl. It is the second lightest halogen, found in the periodic table in group 17. The element forms diatomic molecules under standard conditions, called dichlorine...

. The Center for Public Integrity
Center for Public Integrity
The Center for Public Integrity is a nonprofit organization dedicated to producing original, responsible investigative journalism on issues of public concern. The Center is non-partisan and non-advocacy and committed to transparent and comprehensive reporting both in the United States and around...

 reports the Goodyear has been named as a potentially responsible party in at least 54 of the nation's Superfund
Superfund
Superfund is the common name for the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 , a United States federal law designed to clean up sites contaminated with hazardous substances...

 toxic waste sites.
On February 8, 2008, Goodyear announced the launch of an environmentally friendly tire produced using a cornstarch
Cornstarch
Corn starch, cornstarch, cornflour or maize starch is the starch of the corn grain obtained from the endosperm of the corn kernel.-History:...

-based material. The Goodyear Eagle LS2000 partially replaces the traditional carbon black
Carbon black
Carbon black is a material produced by the incomplete combustion of heavy petroleum products such as FCC tar, coal tar, ethylene cracking tar, and a small amount from vegetable oil. Carbon black is a form of amorphous carbon that has a high surface-area-to-volume ratio, although its...

 and silica with filler materials derived from corn starch thanks to "BioTRED compounding technology". The new technology increases the tires "flexibility and resistance to energy loss", which extend the tires life-span and lessen the impact on the environment. Similarly, Goodyear announced on April 22, 2008 that it had joined the U.S. Environmental Protection Agency's
United States Environmental Protection Agency
The U.S. Environmental Protection Agency is an agency of the federal government of the United States charged with protecting human health and the environment, by writing and enforcing regulations based on laws passed by Congress...

 SmartWay Transport Partnership. The transport partnership is an attempt between the truck transportation industry and the EPA to reduce air pollution and greenhouse emissions as well as increase energy efficiency. The SmartWay partnership's tractors and trailers will use Goodyear's Fuel Max linehaul tires that increase fuel efficiency while reducing emissions. According to Goodyear and EPA officials "the fuel-efficient line-haul tires deliver up to 4% improved truck fuel economy, and when used with other SmartWay-qualified components, each 18- wheel tractor and trailer used in long-haul can produce savings of up to 4,000 gallons per year, or more than $11,000 annually."

Goodyear's plants in Aurangabad and Ballabhgarh
Ballabhgarh
Ballabhgarh is a town and a tehsil in Faridabad District of Haryana, India, and is part of the National Capital Region...

, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

 have received recognition for their excellence in energy conservation, efficiency and management with awards from both state and national governments.

Goodyear products

Automotive

  • Assurance (Passenger All Season)
    • TripleTred
    • TripleTred All Season
    • ComforTred
    • ComfortTred Touring
    • FuelMax
    • CS Fuel Max (SUV)

  • Integrity (OE All Season)

  • Fortera (SUV)
    • Silent Armor
    • TripleTread

  • Wrangler (truck)
    • Silent Armor

  • Eagle (Touring/Performance/OE)
    • Eagle F1
    • Eagle GT
    • Eagle LS
    • Eagle RS-A
    • Response Edge
      • Carbon Fiber Technology

  • Nordic (Winter tires)
  • Ultra Grip (winter tires)

Commercial

  • Commercial Truck
    • Fuel Max
    • Duraseal
  • Off The Road Tires
    • Articulated Dump Truck
    • Rigid Haulage Truck
    • Mobile Crane
    • Scaper
    • Port & Container Handling
    • Dozer and Loader
    • Mine Service
    • Motor Grader
  • ATV Tires
    • Rawhide Camo
    • Rawhide MT/R
  • RV Tires
    • Unisteel series (G670RV, G149RSA, G169RSA, G647RSS, G614RST)
    • Wrangler HT (all weather)
    • Marathon (trailer towing)
  • Aviation

Non-tire industrial (licensed products produced by Veyance Technologies)

  • Airsprings
  • Industrial hose
  • Hydraulic products
  • Conveyor belt products
  • Power transmission products
  • Molded Transportation products (vibration control)
  • Rubber Track
  • Isoprene
    Isoprene
    Isoprene , or 2-methyl-1,3-butadiene, is a common organic compound with the formula CH2=CCH=CH2. Under standard conditions it is a colorless liquid...

     monomer
  • Synthetic rubber for medical applications
  • Synthetic rubber for chewing gum


Motor racing

Goodyear participates extensively in motorsports both as a sponsor and as a tire supplier. Their involvement includes NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

, IndyCar
IndyCar Series
The IZOD IndyCar Series is the premier level of American open wheel racing. The current championship, founded by Indianapolis Motor Speedway owner Tony George, began in 1996 as a competitor to CART known as the Indy Racing League . Citing CART's increasing reliance on expensive machinery and...

, Formula SAE
Formula SAE
Formula SAE is a student design competition organized by the Society of Automotive Engineers . The competition was started back in 1978 and was originally called SAE Mini Indy.-Concept:...

.

Further reading

  • Richard Korman. The Goodyear Story: An Inventor's Obsession and the Struggle for a Rubber Monopoly (2002)
  • Ronald P. Conlin; "Goodyear Advertising Research: Past, Present and Future" Journal of Advertising Research, Vol. 34, 1994. The real story of Goodyear.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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