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4-Traders Homepage  >  Equities  >  Nasdaq  >  Goodyear Tire & Rubber Company (The)    GT

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Goodyear Tire & Rubber : turns to shared mobility with fleet maintenance pilot

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01/20/2018 | 03:19pm CET

With on-demand car-sharing and ride-hailing services on the rise, The Goodyear Tire & Rubber Company is introducing its fleet services business model to shared mobility providers to improve urban fleet operations.

Focused on improving fleet operations for on-demand ride services, Goodyear announced the future launch of an advanced tyre maintenance pilot program with STRATIM, a San Francisco-based start-up whose technology platform tracks, monitors and oversees fleet maintenance for tens of thousands of vehicles. In more than 25 markets across North America these cars are operated by over 50 mobility services.

As shared mobility continues to grow in popularity, we are seeing applications where miles driven per vehicle increase from 15,000 per year to as much as 5,000 per month, said Chris Helsel, Goodyears Chief Technology Officer. Those increased miles mean increased demand for tyre maintenance and repair, especially when you consider customer expectations for comfort and safety from a mobility service.

The new program will use Goodyears artificial intelligence technology to help STRATIMs clients predict when their tyres need service or replacement, improving overall tyre management and maximising uptime across the fleet.

Vehicle maintenance and uptime are critical metrics for all mobility services, said Sean Behr, CEO of STRATIM. Companies that can efficiently take care of their cars, minimise costs and be hyper-efficient will be the companies that win in the long run. Goodyears tyre maintenance solutions are game changers for the industry.

Goodyear sees mobile fleet solutions for passenger vehicles as an emerging market, allowing it to continue serving its traditional customers through the nations largest network of tyre and service locations while also looking to whats next in mobility.

Our predictive analytics and fleet solutions are great innovations for new mobility providers, said Helsel. As these services develop, and as shared mobility and autonomous vehicles get more trial and adoption, Goodyear will continue to innovate with the industry.

(c) 2018 2017 The Sun Publishing Limited. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 15 230 M
EBIT 2017 1 340 M
Net income 2017 702 M
Debt 2017 4 719 M
Yield 2017 1,20%
P/E ratio 2017 14,17
P/E ratio 2018 8,84
EV / Sales 2017 0,88x
EV / Sales 2018 0,85x
Capitalization 8 619 M
Chart GOODYEAR TIRE & RUBBER COM
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Goodyear Tire & Rubber Com Technical Analysis Chart | GT | US3825501014 | 4-Traders
Technical analysis trends GOODYEAR TIRE & RUBBER COM
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 36,6 $
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Richard J. Kramer Chairman, President & Chief Executive Officer
Laura K. Thompson Chief Financial Officer & Executive Vice President
Joseph Zekoski Chief Technical Officer & SVP-Global Operations
Christopher Helsel Chief Technology Officer & Vice President
Thomas H. Weidemeyer Independent Director
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