Goodyear Tire (GT) Announces Transformation Plan "Goodyear Forward"

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GOODYEAR ANNOUNCES TRANSFORMATION PLAN: GOODYEAR FORWARD

November 15, 2023 7:00 AM EST

Gross proceeds in excess of $2 billion from portfolio optimization

Top line and cost reduction actions totaling $1.3 billion by end of 2025

Segment operating income margin doubling to 10% by end of 2025

Net leverage of 2.0x 2.5x by end of 2025

AKRON, Ohio, Nov. 15, 2023 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT)... More