Goodyear Tire & Rubber Company: A Legacy of Innovation and Global Leadership
For over 125 years, Goodyear has stood as a symbol of American innovation in the tire industry. Founded in 1898 in Akron, Ohio, by Frank Seiberling, the company was named in honor of Charles Goodyear, the inventor of vulcanized rubber. Today, Goodyear Tire & Rubber Company is a globally recognized multinational corporation headquartered in Akron, Ohio, and ranked as the world’s third-largest tire manufacturer by annual revenue since 2021.
Goodyear manufactures a comprehensive range of tires for passenger vehicles, aviation, commercial trucks, military and police vehicles, motorcycles, recreational vehicles, race cars, and heavy off-road machinery. The company also licenses its brand to bicycle tire manufacturers, having resumed production in this segment after a hiatus from 1976 to 2015.
Beyond tires, Goodyear has a storied history in aviation and advertising. The company began manufacturing airships and balloons in the early 1900s, and the first Goodyear advertising blimp took flight in 1925. This iconic airship has since become one of the most recognizable symbols in American advertising, frequently seen at major sporting events and public gatherings.
As of 2024, Goodyear reported:
- Revenue of US$18.88 billion
- Operating income of US$709 million
- Net income of US$70 million
- Total assets of US$20.96 billion
- Total equity of US$4.906 billion
- 68,000 employees worldwide
The company operates 1,240 tire and auto service centers and 57 facilities across the globe, serving customers worldwide. Goodyear continues to innovate in mobility, investing in advancements for driverless vehicles and participating in the new space race through tire technology development.
Through its commitment to innovation, quality, and performance, Goodyear remains a driving force in the evolution of transportation — on the road, in the air, and beyond.
Frequently Asked Questions
Where is Goodyear headquartered?
Goodyear Tire & Rubber Company is headquartered in Akron, Ohio, United States.
When was Goodyear founded?
Goodyear was founded on August 29, 1898, in Akron, Ohio.
Who founded Goodyear?
The company was founded by Frank Seiberling.
Is Goodyear a publicly traded company?
Yes, Goodyear is a publicly traded company listed on the Nasdaq under the ticker symbol GT and is a component of the S&P 400 index.
What types of tires does Goodyear manufacture?
Goodyear manufactures tires for passenger vehicles, aviation, commercial trucks, military and police vehicles, motorcycles, recreational vehicles, race cars, and heavy off-road machinery. It also licenses its brand for bicycle tires.
What is the significance of the Goodyear blimp?
The first Goodyear advertising blimp flew in 1925 and has since become one of the most iconic advertising symbols in America, often seen at major events and stadiums.