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Goodyear

All articles tagged with #goodyear

sports1 year ago

"Bristol's Tire Mysteries: A Wild Cup Series Race Analysis"

Goodyear director of racing, Greg Stucker, expressed confusion over the drastic increase in tire wear at Bristol Motor Speedway during the Food City 500 NASCAR race, despite using the same tire package as the previous year. The extreme cording and lack of rubber adherence to the track led to drivers conserving rubber and NASCAR allowing an extra set of tires. Goodyear is working to understand the unexpected change and adjust accordingly.

via RACER|
#bristol-motor-speedway#goodyear#nascar
business2 years ago

"Buc-ee's Set to Make Arizona Debut with Goodyear Location"

Texas-based gas station chain Buc-ee's has submitted plans to open a 75,000-square-foot retail store in Goodyear, Arizona, near Interstate 10 and Bullard Avenue. The city's planning and zoning commission has approved the plan, but the Goodyear City Council still needs to vote on the project. If approved, this would be Buc-ee's first location in Arizona, adding to its current 47 locations, with the majority in Texas and the rest in the Southeast United States.

via FOX 10 News Phoenix|
#arizona#buc-ees#business
business2 years ago

"Stellantis Exec Mark Stewart Named Goodyear's New CEO"

Goodyear Tire & Rubber Co is expected to name Stellantis executive Mark Stewart as its new CEO following pressure from activist investor Elliott Investment Management. The appointment is anticipated to be announced this week, and the search for a new CEO was reportedly not influenced by the settlement with Elliott. Last year, Goodyear announced the retirement of its longtime CEO Richard Kramer in 2024 and initiated business streamlining efforts after the Elliott settlement.

via Reuters|
#business#ceo#elliott-investment-management
stock-market2 years ago

Stock Market Update: Target, JD, and Goodyear Surge; TJX and Advance Auto Parts Decline

Target's stock soared over 13% after beating earnings estimates, while Advance Auto Parts' stock fell 1.5% due to mixed Q3 results and lowered guidance. TJX disappointed with holiday quarter guidance despite beating Q3 expectations, and Goodyear's stock rose 6.2% after announcing a transformation plan. JD's stock rose 4.9% as the Chinese e-commerce giant posted a surge in quarterly profit.

via Investing.com|
#advance-auto-parts#goodyear#jd
business2 years ago

"Goodyear Unveils Ambitious Transformation Plan: Goodyear Forward"

Goodyear Tire & Rubber Company has announced a transformation plan called "Goodyear Forward" aimed at optimizing its portfolio, expanding margins, and reducing leverage to create shareholder value. The plan includes pursuing strategic alternatives for its Chemical business, the Dunlop brand, and the Off-the-Road equipment tire business, as well as implementing cost reduction and top-line actions to drive profitability. Goodyear aims to double its segment operating income margin to 10% by the end of 2025 and achieve a net leverage of 2.0x - 2.5x by the same time. The company expects to generate over $2 billion in gross proceeds from portfolio optimization and reduce debt by approximately $1.5 billion.

via Goodyear Corporate|
#business#cost-reduction#goodyear
motorsports2 years ago

Garage 56 Car Shines at Le Mans with Chevy Camaro ZL1.

NASCAR's Garage 56 entry, a modified Chevrolet Camaro based on the Next Gen car, was entered in the non-competitive class at the 2023 24 Hours of Le Mans to experiment with new technologies. The car features new carbon brakes, working lights, aero upgrades, and paddle shifters. Goodyear introduced real-time tire intelligence to record tire pressure and temperature, providing data to optimize the car's performance. The team will gather valuable data from the race that could be used to improve the Next Gen car and NASCAR's on-track product.

via Forbes|
#garage-56#goodyear#le-mans
motorsports2 years ago

Tanner Gray Takes Pole in Weather-Impacted Charlotte NASCAR Race.

Pit crew coach Brian Haaland advocates for a formalized free agency period and trades for pit crew members in NASCAR. Fords have struggled on 1.5-mile tracks this season, with only one win at Atlanta. Goodyear plans to use a new tire that wears more at New Hampshire in July. Chase Elliott has climbed to 28th in the standings after returning from a leg injury. Kyle Larson will run the Indianapolis 500 and Coca-Cola 600 next year.

via NASCAR on NBC Sports|
#ford#goodyear#kyle-larson
motorsports2 years ago

NASCAR Charlotte Schedule Altered by Weather.

Pit crew coach Brian Haaland suggests radical ideas such as a formalized free agency period and trading pit crew members in NASCAR. Fords have struggled on 1.5-mile tracks this season, with only one win at Atlanta. Goodyear plans to use a new tire that wears more at New Hampshire in July. Chase Elliott has climbed to 28th in the standings after returning from a leg injury. Kyle Larson will run the Indianapolis 500 and Coca-Cola 600 next year.

via NASCAR on NBC Sports|
#ford#goodyear#kyle-larson
automotive2 years ago

Comparing the Top Ultra-High-Performance Tires

A comparison of the best ultra-high-performance tires from Michelin, Bridgestone, Continental, Goodyear, Hankook, and Yokohama was conducted to determine the best tire. The Michelin Pilot Sport 4S was ranked as the best overall tire, with the Bridgestone Potenza S-04 Pole Position coming in second. The Continental ExtremeContact Sport was ranked third, followed by the Goodyear Eagle F1 Asymmetric 3 and the Yokohama Advan Sport V105.

via Jalopnik|
#automotive#bridgestone#continental
business2 years ago

Elliott Management's Push for Changes Boosts Goodyear Stock.

Activist investor Elliott Management has launched a campaign against Goodyear, citing poor margin performance versus rivals, weak board oversight of management, and ill-timed tire distribution deals. Elliott is pushing for a sale or other action on Goodyear's 1,000-plus retail stores and the installation of five new board members. The firm thinks Goodyear could be worth $32 a share under its plan. Goodyear stock rose 20% on Thursday afternoon to $14.10 on news of Elliott's involvement.

via Yahoo Finance|
#activist-investor#board-refresh#business
sports2 years ago

NASCAR drivers get early feel for North Wilkesboro track in tire test.

NASCAR Cup Series drivers Tyler Reddick, Chris Buescher, and Austin Dillon participated in a Goodyear tire test at the historic North Wilkesboro racetrack, which hasn't hosted a NASCAR race since 1996. The drivers noted significant tire fall-off and the rough pavement, which is a favorite among fans. The track is undergoing modernization but keeping its historic feel. The drivers are unsure how the tire chosen for the All-Star Race will affect the racing, and the format of the race is still unknown.

via RACER|
#all-star-race#goodyear#nascar