Goodyear tire strike update

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And free is good, right? If you'd be so kind as to allow our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog. Frank Filipponio. The latest news out of Detroit is that automakers might run into some tire shortages should the recent walkout by Goodyear workers continue for more than a few weeks.

Adding to that problem was yesterday's news of an additional hourly workers being laid off at a North Carolina plant, because of the strike. Excluding those items, Goodyear would have posted a profit of 42 cents a share, easily topping the Thomson First Call-compiled average estimate of 24 cents a share. Goodyear said the sales increase was driven by improved pricing and a more lucrative product mix, particularly in its North American Tire division.

Currency translations also contributed to the growth. Tire makers, as a group, have been battling surging costs for materials like natural rubber and for petroleum-based products in recent quarters. Tire unit volume stood at Sustainable Sourcing. Explore Careers. Financial News. In , Goodyear will submit its and targets to SBTi for independent validation. Goodyear's increasing use of alternative raw materials, which has the potential to reduce its consumption of petroleum-based feedstocks and reduce its carbon footprint.

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