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4-Traders Homepage  >  Equities  >  Nasdaq  >  Goodyear Tire & Rubber Co    GT

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Goodyear Tire & Rubber : Introduces Airless Tire Technology for Commercial Mower Application

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09/25/2017 | 05:03pm CEST

AKRON, Ohio, Sept. 25, 2017 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) has released a non-pneumatic, or airless, turf tire as a solution for users who desire worry-free performance.

The tire is available as an upgrade option on Bad Boy Mowers' Outlaw XP, a zero-turn radius model, with expected availability in early 2018.

The technology is part of the company's strategy to develop maintenance-free technologies for passenger and commercial vehicles, particularly in fleet applications.

"The commercial release of this turf tire is an important step in our efforts to develop airless tire technology for a range of applications," said Christopher Helsel, Goodyear's chief technology officer. "As we look to a future where ridesharing and autonomous vehicles become mainstream, the demand for lower maintenance, longer lasting tires will continue to increase."

Goodyear has been developing non-pneumatic technologies since the 1970s when it participated in the design of tires for NASA's Apollo lunar roving vehicle, and in recent years in the development of a tire for future missions to Mars.

TurfCommand Non-Pneumatic Tire
For this new application, the Goodyear TurfCommand with DuraWeb(TM) Technology is an optional fitment for the premium Bad Boy Mowers model. Goodyear's exclusive DuraWeb(TM) Technology has been in development for the past few years at the company's Innovation Center in Akron, and is being manufactured in the U.S., exclusively for Bad Boy Mowers.

Goodyear engineers and scientists incorporated feedback from field studies that included the Cleveland Metro Parks and with mower dealers, such as Beltz Lawn and Garden Equipment in Akron, Ohio and the team at Bad Boy Mowers to create a product for the benefit of the end-user.

The tire features a thermoplastic connecting structure that provides a unique combination of stiffness and flexibility to carry heavy loads while maintaining a smooth ride and minimizing turf tear. It was designed to deform, absorb impact, and create a smooth ride every time.

About Goodyear
Goodyear is one of the world's largest tire companies. It employs about 65,000 people and manufactures its products in 47 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About Bad Boy Mowers
Bad Boy Mowers, headquartered in Batesville, Ark., has built its reputation on delivering a better zero-turn mower for a better value, and is celebrating its 15(th) year of business. Delivering more innovation, from the patented Swing-Away(TM) design, E-Z Ride(TM) and Armor-Tek 5 Deck(TM) advantages, and coupled with its legendary build strength, every Bad Boy Mower is designed to be easy to operate, easy to maintain and last for years with its ruggedness, power and reliability. Bad Boy Mowers are sold through a nationwide dealer network (www.badboymowers.com).

View original content with multimedia:http://www.prnewswire.com/news-releases/goodyear-introduces-airless-tire-technology-for-commercial-mower-application-300525017.html

SOURCE The Goodyear Tire & Rubber Company

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Financials ($)
Sales 2017 15 299 M
EBIT 2017 1 471 M
Net income 2017 744 M
Debt 2017 4 529 M
Yield 2017 1,19%
P/E ratio 2017 11,81
P/E ratio 2018 7,59
EV / Sales 2017 0,83x
EV / Sales 2018 0,80x
Capitalization 8 200 M
Chart GOODYEAR TIRE & RUBBER CO
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Goodyear Tire & Rubber Co Technical Analysis Chart | GT | US3825501014 | 4-Traders
Technical analysis trends GOODYEAR TIRE & RUBBER CO
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 37,9 $
Spread / Average Target 16%
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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