The move is expected to improve the segment's operating income by approximately $50 million to $55 million in 2025, the tire manufacturer said, adding that the plan would also improve profitability in its Australia and New Zealand operations. Goodyear would also exit nine warehouse locations, a regulatory filing showed. The Ohio-based company said the approved plan that is part of its broader restructuring effort would be completed by the end of 2024.
The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced the newest addition to its lineup of hardworking Wrangler® tires, the Wrangler Boulder MT™.
Delving into the financial health and intrinsic value of Goodyear Tire & Rubber Co