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March 19, 2013
06:59 EDTCTB, GTGoodyear Tire remains a favorite name in tires, says Goldman
Goldman remains positive on the Tire & Rubber sector and expects income growth to be driven by increased replacement volumes and lower input costs. The firm's checks indicate price/mix headwinds are less severe than initial expectations and lower raw materials costs should offset the impact. The analyst's favorite name remains Buy rated Goodyear tire.
News For GT;CTB From The Last 14 Days
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October 6, 2015
16:35 EDTGTGoodyear Tire raises quarterly dividend 17% to 7c per share
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October 1, 2015
16:37 EDTGTGoodyear Tire ends global alliance with Sumitomo Rubber Industries
Goodyear has dissolved its global alliance with Sumitomo Rubber Industries. The terms and conditions of the transaction are consistent with those outlined by Goodyear when the agreement was announced on June 4. The alliance, which was formed in 1999, primarily consisted of four joint venture operating companies, one each in North America and Europe, and two in Japan. Under terms of the agreement, Goodyear retains exclusive rights to sell Dunlop-brand tires in the replacement market and to non-Japanese auto manufacturers in the U.S., Canada and Mexico. Goodyear also retains exclusive rights to sell Dunlop-brand tires in replacement and original equipment markets in European countries where the former joint venture exclusively served the market. Additionally, Goodyear regains exclusive rights to serve Japanese markets with Goodyear-brand tires. The completion of the transaction will resolve the pending arbitration filed in January. The transaction does not impact the company's existing financial targets or capital allocation plan. The company will include the impact of the transaction in its full-year outlook beginning in February 2016.
September 29, 2015
09:19 EDTCTBDeutsche Bank to hold a conference
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