Latest news with #GoodyearTire
Time of India
19 hours ago
- Automotive
- Time of India
Goodyear India's first-quarter profit falls on weak auto demand
Tyremaker Goodyear India reported a 43.6 per cent fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire's Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1 per cent in the quarter ending June, compared to 16.4 per cent growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1 per cent to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Total expenses fell 3 per cent to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT reported a fall in June-quarter profit, while MRF is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8 per cent in the quarter ended June 30.
Business Recorder
2 days ago
- Automotive
- Business Recorder
Goodyear India's first-quarter profit falls on weak auto demand
Tyremaker Goodyear India reported a 43.6% fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire's Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1% in the quarter ending June, compared to 16.4% growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1% to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Indian equity benchmarks to open higher; US tariffs continue to weigh Total expenses fell 3% to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT reported a fall in June-quarter profit, while MRF is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8% in the quarter ended June 30.
Business Times
2 days ago
- Automotive
- Business Times
Goodyear India's Q1 profit falls on weak auto demand
[NEW DELHI] Tyre maker Goodyear India reported a 43.6 per cent fall in first-quarter profit on Monday (Aug 11), hurt by dampened automobile demand. The net profit of US-based Goodyear Tire's Indian unit fell to 141.1 million rupees (S$2.06 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1 per cent in the quarter ending June, compared with 16.4 per cent growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1 per cent to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Total expenses fell 3 per cent to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT reported a fall in June-quarter profit, while MRF is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8 per cent in the quarter ended June 30. REUTERS
Reuters
2 days ago
- Automotive
- Reuters
Goodyear India's first-quarter profit falls on weak auto demand
Aug 11 (Reuters) - Tyremaker Goodyear India ( opens new tab reported a 43.6% fall in first-quarter profit on Monday, hurt by dampened automobile demand. The net profit of U.S.-based Goodyear Tire's (GT.O), opens new tab Indian unit fell to 141.1 million rupees ($1.61 million) for the three months ended June 30, from 250.3 million rupees a year ago. Goodyear India, which sells tyres, tubes and flaps, depends on auto sales for a large part of its revenue. Total vehicle sales in the country fell 5.1% in the quarter ending June, compared to 16.4% growth in the same period last year, according to Society of Indian Automobile Manufacturers data. The tyremaker's revenue from operations fell 5.1% to 6.56 billion rupees. The company said that increasing adoption of larger rim sizes in vehicles is expected to drive robust sales in the replacement business this year in its latest annual report. Total expenses fell 3% to 6.42 billion rupees, but not enough to boost the bottom line. Rival CEAT ( opens new tab reported a fall in June-quarter profit, while MRF ( opens new tab is yet to report its quarterly results. Goodyear India's shares are flat on the day and rose 16.8% in the quarter ended June 30. ($1 = 87.6212 Indian rupees)
Fast Company
03-06-2025
- Business
- Fast Company
6 facts to know about the iconic Goodyear Blimp which turns 100 this week
The iconic Goodyear airships are taking a victory lap over the skies of an Ohio city this week. The Akron-based tire company is celebrating the 100th anniversary of 'Pilgrim,' its first blimp to take flight just outside of the city on June 3, 1925. Goodyear began experimenting with vessels that would be lighter than aircraft in the early 1900s, and the dirigibles have since become a lasting and iconic symbol of the corporate brand. For some, it evokes nostalgia, while for others it offers a glimpse into a larger-than-life part of advertisement history. Here is a by-the-numbers look at Goodyear airships over time: 1910 Goodyear establishes an Aeronautics Department to build lighter-than-air aircrafts, and by 1912 the company had built its first balloon. In 1930, the 'Defender' blimp became the first airship in the world to carry a lit neon sign so the company's name could be seen after dark. Goodyear began making airships for the U.S. Navy in 1917, and its first blimp — the first commercial non-rigid airship flown using helium — launched years later, becoming a marketing tool. From 1942 to 1944, the company built more than 150 airships for the Navy to serve in World War II, flying patrol over warships on the seas with zero reported loss of ships when a blimp was on watch. New Year's Day 1955 The Goodyear Blimp has been a regular at major sporting events since flying above the 1955 Rose Bowl. A few years later, it became a service vehicle for television coverage while simultaneously functioning as a highly visible advertising platform. Since that time, blimps have undergone wholesale changes and improved dramatically: steering technology; safety innovations; high-definition cameras; aerial views captured with specialized systems that compensate for movement during filming, resulting in stable and smooth footage footage; and much quieter rides thanks to relocated engines and propellers. 4 blimps There currently are four Goodyear Blimps — the three in the U.S. and one in Friedrichshafen, Germany. Today's Goodyear Blimps are semi-rigid dirigibles, meaning they have an internal frame as compared to previous eras of blimps that could be fully deflated. In 2014, Goodyear transitioned to the New Technology semi-rigid airship platform designed to allow for improved maneuverability and speed. 246 feet The Goodyear Blimp is 246 feet long (75 meters), which would cover about 80% of a football field. It is 58 feet (18 meters) high and holds three Olympic-sized swimming pools' worth of helium. Goodyear gets helium for its blimps from multiple sources. Because helium is a finite resource, the company purifies its helium every six to eight weeks to extend its life. The blimp travels more than 100 days per year, with trips ranging anywhere from three days to three weeks. A crew of nearly 20 people travel with the airship whenever it is touring. Today's Goodyear Blimps fly between 1,000 and 1,500 feet (305 meters and 457 meters) in the air and travel at speeds up to 73 miles per hour (117 kilometers per hour). 10 blimp pilots There currently are fewer blimp pilots in the world than astronauts, according to Goodyear, which has 10 full-time pilots. To serve in that job, you must have a commercial pilot license followed by approximately 250 hours of training to earn an additional lighter-than-air airship rating from the Federal Aviation Administration. 2,500 and 500,000 The blimp has covered more than 2,500 events and taken more than 500,000 passengers for rides, according to Goodyear. Former President Ronald Reagan might be the most famous passenger, but it was rapper Ice Cube who raised the blimp's street cred when he included a line about it in his 1992 song titled 'It Was A Good Day.'
