Thursday, June 20th 2019

GT - Goodyear

Goodyear Tire & Rubber (NYSE: GT) was founded in 1898 by Frank A. Seiberling, who acquired a plant for a down payment of $3,500 to begin operations

The first products developed by the company at its inception were tires for carriages, horseshoe pads and bicycles. Another unrelated product Seiberling included in the initial product line was of all things - poker chips.

Goodyear today has as its core business the design, manufacturing and marketing of tires for a variety of vehicles and implements that need them, including beyond cars, trucks and motorcycles, things like planes, mining and industrial equipment, and also equipment used for farming, among other things that have need of tires.

Secondary businesses include auto repair and flaps for a variety of tire types. There are close to 1,600 tire and auto service centers operated by the company.

The primary brands it sells under besides Goodyear are Kelly, Dunlop, Debica, Sava and Fulda.

Markets for the company are identified as North American Tire; Europe, Middle East and Africa Tire; Latin American Tire, and Asia Pacific Tire.

The Goodyear Tire & Rubber Company is based in Akron, Ohio.
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