Goodyear Posts Fourth Quarter Results

Goodyear Tire & Rubber Co. took a net loss of $291 million during the fourth quarter of 2023 versus a loss of $104 million during the same period in 2022.

The Akron, Ohio-based tiremaker’s fourth quarter 2023 sales decreased 4.8% “compared to prior year, driven by the impact of lower replacement volume and lower third-party chemical sales,” according to Goodyear officials.

The company’s total tire unit volume during the quarter totaled 45.4 million units, down 3.8% on a year-over-year basis. …

Source: MTD