Hints and tips:
...Goodyear Tire & Rubber of Akron, Ohio, one of the bigger constituents, was a good example of a company hit hard, reporting a 41 per cent collapse in sales and a quarterly loss of $696m, from a profit of...
...In the Americas and Europe, Goodyear’s two largest markets which generated over 85 per cent of total group revenues last year, new-vehicle sales have slowed following two bumper years....
...The Americas, Goodyear’s largest segment by revenue, posted sales of $2.1bn, down 3 per cent amid weaker replacement demand....
...Elsewhere, paints group Sherwin-Williams and Goodyear Tire & Rubber both delivered profit warnings, with shares down 4.3 per cent and 4.7 per cent, respectively, and among the weakest in the S&P 500....
...An ATD spokesperson said the company remains “the largest independent supplier of tires to the replacement tire market.”...
...Dollar-based returns of tyre stocks such as South Korea’s Hankook Tire and US group Goodyear declined roughly a quarter in the past year, while shares in Japanese maker Bridgestone are almost flat....
...Goodyear Tire & Rubber is feeling the squeeze from higher oil prices....
...His absence was announced after the company claimed to have found issues with supplier contracts in the US and Mexico that he had signed when he led operations in North America from 2014 to 2018, according...
...Goodyear Tire & Rubber blamed soaring oil prices for its 50 per cent slump in first quarter profits....
...The wheels are coming off Goodyear Tire & Rubber shares on Friday after the US tyre maker was forced to cut its profit outlook for the year following another quarter of weak sales....
...Goodyear Tire and Rubber on Wednesday reported a 53 per cent drop in profits for the first quarter, mainly because of the rising cost of its oil-based raw materials. 3M, the industrial and consumer products...
...Tel Aviv’s Ben Gurion Airport was heavily congested with passengers because of the shutdown, and protesters burnt tires and blocked highways near Teva facilities in Netanya, Petah Tikva, Jerusalem and elsewhere...
...Elsewhere on Friday, Goodyear Tire & Rubber reported earnings of 65 cents a share, beating Wall Street’s estimate but falling short of results for the same period for last year of 68 cents per share....
...Sumitomo retained the rights to the brand in Japan, and also supplies Dunlop tyres in North America for new cars made by Japanese automakers while Goodyear furnishes tyres for vehicles made by non-Japanese...
...And companies like Goodyear, AT&T, General Motors have all had to take write-offs in recent years....
...Makers of car parts weakened as Goodyear Tire & Rubber fell 7.4 per cent to $30.34 a share after sales fell short of expectations....
...Goodyear Tire & Rubber became the latest big US company to detail damage from Venezuela’s financial crisis when the automotive tyre manufacturer reported a $646m charge against fourth-quarter earnings....
...The economic meltdown in Venezuela continues to blow holes across the balance sheets of corporate America, with Goodyear, the US tire maker, the latest to announce a substantial write-down to its business...
...Chip Goodyear suggested the mining industry should get ready for a once in a lifetime increase in demand for commodities, as a consequence of China’s integration into the global economy....
...Alliance specialises in the production of tyres for agricultural and industrial machinery, primarily in North America and Europe....
...US tyremaker Goodyear Dunlop sold a €250m eight-year euro-denominated bond on Wednesday — its first such deal in four years — as US companies raise record amounts in the eurozone....
...Goodyear Tire & Rubber was one of the best performing stock on the S&P 500 after a one-time benefit tied to the release of a tax valuation allowance helped the company post fourth-quarter profits that eclipsed...
...Just under a third of its portfolio is invested in Singapore, with 41 per cent in the rest of Asia and 24 per cent spread across North America, Europe, Australia and New Zealand....
...Cooper Tire will consider moving production out of China after selling its stake in a joint venture that was seized by workers last year, according to executives at the US tyre manufacturer....
...By Joel Backaler, Author of “China Goes West” On March 22, China National Chemical Corporation (CNCC) reached an agreement with the controlling shareholders of Italian tire-maker Pirelli to move forward...
International Edition