AKRON, Ohio, July 22, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell its Off-the-Road ("OTR") tire business to The Yokohama Rubber Company, Limited (TYO: 5101) ("Yokohama") for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan.Goodyear's OTR tire business provides industry ...

GT Resources Announces Diamond Drilling Underway on the Canalask Nickel-Copper ProjectJuly 08, 2024 6:30 AM EDT | Source: GT Resources Inc.Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT Resources") is pleased to announce drilling of the Electromagnetic ("EM") targets at the Canalask Nickel-Copper Project is now underway. "The first drill hole is well underway and is targeting a ~1000m x 400m EM Maxwell plate in t ...

AKRON, Ohio, June 27, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today released its report on corporate responsibility performance for 2023. The company's latest report details how Goodyear is helping create value for its internal and external stakeholders. The report also outlines the progress Goodyear is making toward achieving its short- and long-term sustainability goals.2023 Goodyear Corporate Responsibility ReportChief Executive Officer and President Mark Stewart said, "Our c ...

The Cooper Discoverer Stronghold AT lives up to its name, providing a strong hold with 3D sipe technology in the shoulders that help provide stability in cornering. With wide open grooves in the tread, the Cooper Discoverer Stronghold AT offers solid traction in dirt, gravel and other soft surfaces. The tire also carries the Three-Peak Mountain Snowflake Designation (3PMS), indicating that it meets a snow traction standard set by Federal Motor Vehicle Safety Standards."The Cooper® Discoverer Stronghold AT i ...

Core Points - GT Resources Inc. has completed a non-brokered private placement financing of C$1.84 million to fund exploration drilling at the Canalask copper-nickel project in the Yukon [1][3] - The company plans to drill up to 2,000 meters to test the Electromagnetic Maxwell plate and conduct additional downhole EM surveys to locate massive copper-nickel sulphide mineralization [1][2] - The private placement involved the issuance of 26,666,667 common shares at a price of C$0.069 per share, which will qualify as flow-through shares for tax purposes [3][4] Financial Details - The gross proceeds from the private placement will be used for eligible Canadian exploration expenses, specifically for flow-through critical mineral mining expenditures, to be incurred by December 31, 2025 [3] - Glencore Canada acquired 26,666,667 common shares for C$1.2 million, increasing its ownership from 9.23% to 16.1% of the issued and outstanding shares [5][8] Historical Resource Estimate - The goal of the exploration is to locate the source of a historical footwall resource estimate of 400,000 tonnes at 1.35% nickel, with significant copper mineralization also present [2][9] - Historical samples collected in 2021 showed copper values as high as 6.1% Cu, alongside other valuable minerals [2] Company Overview - GT Resources focuses on discovering and producing critical Green Transportation Metals, including nickel, copper, palladium, platinum, and cobalt [11] - The company is advancing projects in Canada and Finland, with a commitment to achieving net-zero greenhouse gas emissions throughout its operations [11]

Veteran Goodyear Leader Gary VanderLind to RetireAKRON, Ohio, May 29, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced the planned retirement of Senior Vice President and Chief Human Resources Officer Gary VanderLind and the appointment of Nicole Gray as his replacement, effective July 1, 2024.Veteran Goodyear Leader Gary VanderLind to RetireGoodyear Names Nicole Gray SVP and Chief Human Resources OfficerChief Executive Officer and President Mark Stewart said, "Gary has b ...

The Goodyear Tire & Rubber Company (GT) is poised to benefit from the buyout of Cooper Tire, Goodyear Forward plan and EMEA restructuring despite inflationary headwinds.Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.Cooper Tire Buyout, Goodyear Forward to Aid PerformanceCooper Tire Buyout Serves as a Key Catalyst: The acquisition of Cooper Tire has strengthened Goodyear's leadership position in the U.S. tire industry and expanded its foothold in other North American mark ...

Core Viewpoint - The article highlights the investigation led by Sophie Rollet against Goodyear, linking the company's tires to fatal accidents, culminating in a recent raid by authorities as part of a probe into involuntary manslaughter [1][4]. Company Accountability - Goodyear is under investigation for potential involuntary manslaughter related to the Goodyear Marathon LHS II tire model, which has been linked to multiple accidents across France and Europe [2][4]. - Authorities conducted searches at Goodyear's European headquarters in Brussels, a site in France, and a factory in Luxembourg that produces the tires in question [5]. Investigation and Findings - Rollet's investigation began after her husband died in a collision attributed to a tire blowout, leading her to compile evidence over a decade [2][3]. - An expert analysis concluded that the tire blowout was due to a manufacturing defect, validating Rollet's findings and prompting further investigation into similar cases [3][4]. Media and Public Response - Media coverage and a documentary about Rollet's efforts led to additional whistleblower information, suggesting Goodyear may have been aware of defects and attempted to cover them up [4]. Personal Impact and Future Actions - Rollet expressed a sense of achievement and relief following the recent developments but also acknowledged the limitations of justice in identifying all victims after ten years [5][6]. - She is transitioning to a new career as an accountant while continuing to advocate for road safety [5].

GT Resources Announces a $1.8 Million Flow-Through Non-Brokered Private Placement to Fund Drilling at the Canalask Nickel-Copper ProjectMay 15, 2024 5:27 PM EDT | Source: GT Resources Inc.Toronto, Ontario--(Newsfile Corp. - May 15, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT Resources") is pleased to announce a non-brokered flow-through private placement ("Private Placement") for gross proceeds of up to C$1,800,000 to be sold to accredited investors of ...

Shares of Goodyear Tire (GT) have risen 4.3% since the company reported first-quarter 2024 results. It reported first-quarter 2024 adjusted earnings per share (EPS) of 10 cents, surpassing the Zacks Consensus Estimate of breakeven earnings. The company had incurred a loss of 29 cents in the year-ago quarter.The company generated net revenues of $4.53 billion, which declined 8.2% on a year-over-year basis and missed the Zacks Consensus Estimate of $4.78 billion due to lower replacement volume.In the reported ...