AKRON, Ohio — Goodyear will sell its chemical business to private equity firm Gemspring Capital for approximately $650 million, continuing a sweeping transformation effort aimed at refocusing ...

Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China.

Photo: Patrick T. Fallon/Bloomberg News Goodyear Tire & Rubber will sell the majority of its chemical business to Gemspring Capital Management for approximately $650 million.

Goodyear developed a specially engineered non-pneumatic (airless) tire (NPT) designed to extend tire life and reduce maintenance activities. While air-filled tires will always have their place, a ...

Goodyear has named Gregory Boucharlat as its next senior vice president, global commercial, the company announced May 15. The appointment is effective immediately, CEO Mark Stewart said.

AKRON, Ohio — Goodyear announced Monday it will sell its Off-The-Road tire business to Japanese tire maker Yokohama for $905 million, and separately said it is moving 175 Akron jobs to Costa Rica.

Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.’s off-the-road tire business for $905 million as part of the Japanese manufacturer’s global expansion plan.

Goodyear will sell its chemical business for $650M to Gemspring Capital, part of its plan to streamline operations, reduce debt and boost performance after pressure from activist investors.

Much like automakers’ and related suppliers’, Goodyear’s business is rapidly changing with new technologies and increased competition.

AKRON, Ohio — Goodyear announced Monday it will sell its Off-The-Road tire business to Japanese tire maker Yokohama for $905 million, and separately said it is moving 175 Akron jobs to Costa Rica.

Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China.

Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China.