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SEC Investigates Goodyear

The federal Securities and Exchange Commission is investigating accounting problems at Goodyear Tire & Rubber Co., the world's largest tire maker said. News of the investigation sent Goodyear shares down 96 cents, or nearly 10 percent, to close at $8.96 on the New York Stock Exchange. The stock had been rebounding recently as the company pushed a new line of tires that analysts said could help make Goodyear profitable again.

aftermarketNews Staff
By aftermarketNews Staff

From Detroit Free Press

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AKRON, OH — The federal Securities and Exchange Commission is investigating accounting problems at Goodyear Tire & Rubber Co., the world’s largest tire maker said.

News of the investigation sent Goodyear shares down 96 cents, or nearly 10 percent, to close at $8.96 on the New York Stock Exchange. The stock had been rebounding recently as the company pushed a new line of tires that analysts said could help make Goodyear profitable again.

But in a filing with the SEC, Goodyear said the accounting investigation and other issues could negatively affect the company’s finances.

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Tire Industry CEOs Commit to Sustainability Work Plan

CEOs from 10 global tire manufacturers are committing to efforts to research tire emissions.

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By aftermarketNews Staff

This month, CEOs from 10 global tire manufacturers convened to confirm a two-year work plan for the Tire Industry Project (TIP), focusing on sustainability research and initiatives throughout the tire lifecycle. This plan, covering the years 2024 and 2025, includes research on tire emissions and strategies for managing end-of-life tires.

TIP Executive Director Larisa Kryachkova highlighted the commitment of the group. "Our new workplan underscores the commitment of our members to a tire value-chain that has positive impact on people and planet,” she said. “We are evolving and taking an increasingly collaborative and solution-oriented approach to building the knowledge, engagement, and action required to drive a sustainable tire lifecycle."

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