US EditionGoodyear Completes Sale of Dunlop Brand
- On May 7, 2025, Goodyear finalized the sale of its rights to the Dunlop tire brand in Europe, North America, and Oceania.
- Goodyear transferred its rights to the Dunlop brand for consumer, commercial, and specialty tires in Europe, North America, and Oceania, along with related patents and stock, to Sumitomo Rubber Industries.
- The transaction closed with gross cash proceeds of $735 million, including $526 million for the brand, $105 million for transition support, and $104 million for inventory.
- Goodyear CEO Mark Stewart stated that selling the Dunlop brand supports the company’s strategy by streamlining its brand lineup, lowering debt levels, and enhancing emphasis on its key business areas.
- Goodyear intends to use the proceeds to reduce leverage as part of its Goodyear Forward transformation plan, reflecting its ongoing operational transformation and targeted growth.
31 Articles
31 Articles
The Berkshire Eagle
Goodyear Completes Sale of Dunlop Brand
AKRON, Ohio, May 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") has completed the previously announced sale of the Company's rights to the Dunlop brand in Europe, North America and Oceania for…
GOODYEAR INTRODUCES RACE GRADE EAGLE F1 ASYMMETRIC 6 SUV TIRES ACROSS ASIA PACIFIC
SHANGHAI, May 8, 2025 /PRNewswire/ — The Goodyear Tire & Rubber Company recently launched Goodyear Eagle F1 Asymmetric 6 SUV tires across Asia Pacific, adding another milestone as it celebrates the 45th anniversary of the iconic Eagle F1 brand. The tire demonstrates Goodyear’s continued focus on innovation and superiority, winning multiple awards and delivering superior handling and braking performance. Since its 1980 debut, the Goodyear Eagle…
Coverage Details
Bias Distribution
- 69% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
