Goodyear Tire and Rubber Company. The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1. Frank Seiberling and based in Akron, Ohio. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, motorcycles, SUVs, race cars, airplanes, farm equipment and heavy earth- mover machinery. The company was named after American Charles Goodyear, inventor of vulcanized rubber. The first Goodyear tires became popular because they were easily detachable and required little maintenance. Though Goodyear had been manufacturing airships and balloons since the early 1. Goodyear advertising blimp flew in 1. Today it is one of the most recognizable advertising icons in America. It is the sole tire supplier for NASCAR series. Goodyear is a former component of the Dow Jones Industrial Average. The thirteen original employees manufactured bicycle and carriage tires, rubber horseshoe pads, and poker chips. The company grew with the advent of the automobile. In 1. 90. 1 Frank Seiberling provided Henry Ford with racing tires. In 1. 90. 3, Paul Weeks Litchfield was granted a patent for the first tubeless automobile tire. By 1. 90. 8 Ford was outfitting his Model T with Goodyear tires. Goodyear Tire & Rubber Company (GT) SUMMARY: BULLS: BEARS. The Retirees of The Goodyear Tire & Rubber. Were Active Employees and who upon retirement satisfy such eligibility requirements as the VEBA. Welcome to the Goodyear Retiree Health Care Trust. The Retirees of the Goodyear Tire & Rubber Company Health Care Trust (the “Trust”), also known as the Goodyear Retiree Health Care Trust, provides post-retirement health. The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees. Print; Form 5500 Year: 2014. Did the plan file for an extension of time or the DFVC Program? In 1. 90. 9 Goodyear manufactured its first aircraft tire. It later manufactured airships and observation balloons for the United States Army Air Service during World War I. The transport and reconnaissance capabilities that Goodyear provided contributed significantly to the Allied victory. In 1. 91. 6, Litchfield found land in the Phoenix area suitable for growing long- staple cotton, needed for reinforcing rubber in tires. The 3. 6,0. 00 acres purchased were controlled by the Southwest Cotton Company, formed with Litchfield as president. Only four years earlier it was forced to temporarily halt production of racing tires due to heavy competition. Nevertheless, the popularity of the Goodyear tire on the racing circuit led to a popular demand for the return of the brand. Expansion 1. 92. 6. It acquired their rival Kelly- Springfield Tire in 1. During World War II Goodyear manufactured F4. U Corsair fighter planes for the U. S. Goodyear ranked 3. United States corporations in the value of wartime production contracts. By 1. 95. 6 they owned and operated a nuclear processing plant in Ohio. In 1. 94. 4, Goodyear created a subsidiary in Mexico in a joint venture with Compa. Estimates to fit the factories with a new set of machinery and tools for making this new product were between $6. This was a substantial amount in a low margin business with sales revenue in the low billions. In 1. 96. 8, Consumer Reports, an influential American magazine, acknowledged the superiority of radial construction, first developed in 1. Michelin. In 1. 97. Akron plant was converted into a Technical Center for research and design. By 1. 98. 5 worldwide sales exceeded $1. Goodyear Aerospace, a holding that developed from the Goodyear Aircraft Company after World War II designed a supercomputer for NASA's Goddard Spaceflight Center in 1. Eligibility to receive benefits was. MPP. The subsidiary was sold in 1. Loral Corp. British financier James Goldsmith in conjunction with the investment group Hanson purchased 1. Goodyear's outstanding common stock. On November 2. 0, 1. Goodyear acquired all of the 1. Goldsmith's group at an above- market price of $4. The tender offer resulted in Goodyear buying 4. February 1. 98. 7. As a result, Goodyear took a charge of $2. The company closed plants in Cumberland, Maryland; New Toronto, Ontario, Canada; and Windsor, Vermont. It sold its Goodyear Aerospace business to Loral Corporation for $5. Motor Wheel business to MWC Inc. Two subsidiaries involved in agricultural products, real estate development, and a resort hotel in Arizona were sold for $2. Goodyear hired Stanley Gault, former CFO of Rubbermaid to expand the company into new markets. The moves resulted in 1. In 2. 00. 5, Titan Tire purchased the farm tire business of Goodyear, and continues manufacturing Goodyear agricultural tires under license. This acquisition included the plant in Freeport, Illinois. Goodyear ranked 1. RI said the 2. 00. Goodyear is the only tire company on the top- 7. The recognition from RI and Forbes is the fifth significant honor for Goodyear in 2. The company was named the world. Goodyear was also ranked among the Top 1. Corporate Citizens selected by CRO magazine. This deal is similar to Titan's 2. Goodyear's US farm tire assets. District Court, funded with $1 billion. Goodyear Assurance Fuel Max tire introduced in North America. European and Latin American farm tire businesses. WWII, Goodyear and Zeppelin's legacy company partner again to build more airships together. Szulc, President. North American Tire. Steve Mc. Clellan, President. Board of Directors. Boland and Rodney O'Neal. Richard Kramer is the chief executive officer and president of the company (since 2. Robert J. In an NBC special aired in 1. Ted Yates aired footage showing former Communist rubber union workers escorted at gunpoint to the rubber plantation. Bad as things are in Indonesia, one positive fact is known. Indonesia has a fabulous potential wealth in natural resources and the New Order . So they are returning the private properties expropriated by Sukarno's regime. Goodyear's Sumatran rubber empire is an example. The rubber workers union was Communist- run, so after the coup many of them were killed or imprisoned. Some of the survivors, you see them here, still work the rubber - - but this time as prisoners, and at gunpoint. For most of those years, she worked as an area manager, a position largely occupied by men. Over time, however, her pay slipped in comparison to the pay of male area managers with equal or less seniority. By the end of 1. 99. Ledbetter was the only woman working as an area manager and the pay discrepancy between Ledbetter and her 1. Ledbetter was paid $3,7. She won the suit and was awarded $3. Goodyear had clearly engaged in discrimination. The case was appealed to the Supreme Court. Goodyear Tire & Rubber Co., 5. U. S. The United States Congress overturned this decision by passing the Lilly Ledbetter Fair Pay Act of 2. President Obama. The plaintiff in this case, Lilly Ledbetter, characterized her situation as one where . She argued against applying the 1. Furthermore, the pay information of fellow workers is typically confidential and unavailable for comparison. Ginsburg argued that pay discrimination is inherently different from adverse actions, such as termination. Adverse actions are obvious, but small pay discrepancy is often difficult to recognize until more than 1. Ginsburg argued that the broad remedial purpose of the statute was incompatible with the Court's . Her dissent asserted that the employer had been, . Major pollutants included sulfuric acid, cobalt compounds, and chlorine. The Goodyear Eagle LS2. The new technology increases the tires . Environmental Protection Agency's Smart. Way Transport Partnership. The transport partnership is an attempt between the truck transportation industry and the EPA to reduce air pollution and greenhouse emissions as well as increase energy efficiency. The Smart. Way partnership's tractors and trailers will use Goodyear's Fuel Max linehaul tires that increase fuel efficiency while reducing emissions. According to Goodyear and EPA officials . Securities and Exchange Commission . It was not alleged that Goodyear had any involvement with or knowledge of its subsidiaries. The wipers were never under the Veyance umbrella. Manufacturing and development facilities. United States Securities and Exchange Commission. Retrieved 3. 0 December 2. Retrieved 2. 9 December 2. Retrieved October 2. Harvard Business School. Retrieved 2. 7 June 2. Retrieved 2. 7 June 2. Retrieved May 3. 1, 2. GOODYEAR TIRE & RUBBER CO.(No. Day of vindication for grandma as pay law signed January 3. WASHINGTON (CNN)^Political Economy Research Institute Toxic 1. Retrieved 1. 4 August 2. EPA Smart. Way Transport Partnership. Accessed May 6, 2. Archived from the original on April 1. Retrieved May 6, 2. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P. C. Retrieved 2 March 2. The National Law Review. Barnes & Thornburg LLP. Retrieved 2 March 2. Retrieved 2 March 2. The Goodyear Story: An Inventor's Obsession and the Struggle for a Rubber Monopoly (2. Ronald P. The real story of Goodyear.
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