Goodyear Tire & Rubber

Industry: Tires

Fortune Rank: 141

Goodyear Tire & Rubber Co., through its U.S. and international subsidiaries, develops, manufactures, distributes and sells tires and rubber products. GT also provides automotive repair services. For the 6 months ended 6/30/05, revenues rose 11% to $9.76B. Net income totaled $137M vs. a loss of $48M. Results reflect higher pricing, a more favorable product mix, favorable currency translation and a $13M gain on rationalizations.

The Goodyear Tire & Rubber Company (Goodyear) is a manufacturer of tires and rubber products, engaging in operations in most regions of the world. The Company together with its subsidiaries and joint ventures develops, manufactures, markets and distributes tires for most applications. It also manufactures and market several lines of power transmission belts, hoses and other rubber products for the transportation industry and various industrial and chemical markets, as well as synthetic rubber and rubber-related chemicals for various applications. It is an operator of commercial truck service and tire retreading centers. Its operating segments are North American Tire; European Union Tire; Eastern Europe, Middle East and Africa Tire (Eastern Europe Tire); Latin American Tire; Asia/ Pacific Tire; Engineered Products, and Chemical Products. On January 1, 2005, the Company integrated Chemical Products into North American Tire.

Goodyear Tire & Rubber

Goodyear Tire & Rubber achieved revenue of $16,301.00 million in 2010 but posted a loss of $-375.00 million.

Goodyear Tire & Rubber's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 127th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $19,488 million (a change of -3 million compared to 2010) and profits of $-77 million (a change of -298 million compared to 2010).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Goodyear Tire & Rubber would be ranked 444th rather than 141st due to the fact it made a loss of $-375 million in 2010.

Goodyear Tire & Rubber Revenue* Profit* Fortune Ranking

* US$ Million

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