Goodyear Shares Fall Hard on Financial News

(Akron/Tire Review) Investors reacted negatively to Goodyear Tire & Rubber Co.’s pre-2005 financial report, pushing the tiremaker’s shares down some 17% on Jan. 31.

Published: February 1, 2006

Goodyear shares dropped $3.12, closing at $15.64, which was its single largest one-day decline since February 2003.

The decline came just two days before Goodyear kicks off its annual dealer meeting, which will be held in Nashville beginning tomorrow. It is expected that Goodyear will unveil a new high performance tire line during the meeting.

On Monday, Goodyear said that its expected fourth quarter operating profit to be about $238 million, less than the financial community expected, while raw material costs increased more than the tiremaker expected. Further, Goodyear said its preliminary profit figures did not include impact from Hurricanes Katrina and Rita.

Goodyear plans to issue its 2005 financial results on Feb. 16.

Is the future of TPMS technology blue(tooth)?

TPMS hasn’t changed much since it was mandated in 2007, but Bluetooth sensors could be a welcome update for drivers and shops.

By Christian Hinton

Published: April 30, 2024

TPMS technology hasn’t changed much over the years. You might think, “But that’s a good thing, right? Don’t we want a consistent technology that can be fixed easily?” You may be on to something there, but TPMS technology currently relies on radio waves to transmit data. That means the radio spectrum the sensors use can be “noisy” with other nearby devices potentially causing interference with the sensor. It’s like someone interrupting you mid-sentence. Bluetooth sensors may be the answer to these radio-wave issues.