Key Developments: The Goodyear Tire & Rubber Co (GT.MW)
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23 May 2013
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Latest Key Developments (Source: Significant Developments)
Con-way Truckload Selects Goodyear Tire & Rubber Company as Tire Supplier
Goodyear Tire & Rubber Company announced that it has been selected by Con-way Truckload, the North American full-truckload transportation subsidiary of Con-way Inc., as its principal supplier of wide-base truck tires. Full Article
Goodyear Tire & Rubber Company Declares Dividend On 5.875% Preferred Stock
Goodyear Tire & Rubber Company announced that the Company has declared a quarterly dividend of $0.7344 cents per share of mandatory convertible preferred stock. The dividend is payable October 1, 2011, to shareholders of record on September 15, 2011. The payout represents an annual rate of $2.9375 per share. Full Article
Goodyear Tire & Rubber Company Closes Tennessee Plant
Goodyear Tire & Rubber Company announced that it has ceased production at its tire manufacturing facility in Union City, Tenn. Full Article
Goodyear Tire & Rubber Company To Sell Global Wire Business To Hyosung Corporation
Goodyear Tire & Rubber Company announced that it has agreed to sell its global wire business to Hyosung Corporation, pending government and regulatory approvals and other customary closing conditions. Goodyear and its affiliates will receive approximately $50 million for the business. In addition, Goodyear and Hyosung, a multinational corporation with substantial tire reinforcement operations, will sign a multi-year supply agreement upon closing. The sale, which is expected to close in the third quarter of 2011. Full Article
Goodyear Tire & Rubber Company Declares Preferred Stock Dividend
Goodyear Tire & Rubber Company announced it has declared a quarterly dividend of $0.7425 per share of mandatory convertible preferred stock. The dividend is payable July 1, 2011, to shareholders of record on June 15, 2011. The payout represents an annual rate of $2.9375 per share. Full Article
Goodyear profit strong, but still sees weak demand
DETROIT - Goodyear Tire & Rubber Co on Friday posted a stronger-than-expected quarterly profit as lower raw material costs and increased sales of higher-priced tires offset weakness in Europe, but the company warned industry demand would remain weak.
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