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The Goodyear Tire & Rubber Company (NASDAQ: GT) today posted a Q2 2025 loss of $48 million compared to a net income of $48 million in Q2 of 2024. Goodyear during H1 2025 had net sales of $8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. Goodyear’s first six months 2025 saw net sales of$8.7 billion, with tire unit volumes totaling 76.4 million. Goodyear net income was $369 million ($1.27 per share) compared to Goodyear net income of $10 million (4 cents per share) a year ago. Nonetheless, the stock market punished the stock dropping it ~17% from the previous day closing as the impending Trump tariff recession appears to be underway. Tariff costs at Goodyear are now estimated at, gulp, $350,000,000 for 2025.
“The second quarter proved challenging in both our consumer and commercial businesses, driven by industry disruption stemming from shifts in global trade – including a surge of low-cost imports across our key markets,” said Mark Stewart, Goodyear CEO. “We expect conditions to stabilize in the coming quarters, and we see clear opportunity ahead as we capitalize on our strong U.S. manufacturing footprint. We continue to expect to exceed the original goals for Goodyear Forward both in terms of cost savings and proceeds from asset sales. Continue reading
Avoidable Contact – IndyCar Penalizes Kyffin Simpson
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IndyCar today announced a six-position starting grid penalty for the No. 8 Chip Ganassi Racing entry for avoidable contact involving driver Kyffin Simpson during the Sunday 27 July 27 race at WeatherTech Raceway Laguna Seca during the Grand Prix of Monterey The penalty comes after a post-race review of the Lap 1, Turn 6 incident with the No. 60 entry of Meyer Shank Racing driven by Felix Rosenqvist. (Read AutoInformed.com on: IndyCar – Palou 8 wins for 14 Taking Grand Prix of Monterey)
“Simpson was in violation of Rule 9.3.3. Avoidable Contact. The primary responsibility for avoiding contact with a Competitor resides with the overtaking Competitor and the secondary responsibility resides with the Competitor(s) being overtaken. A Competitor who fails to demonstrate their responsibility and initiates a maneuver that results in contact with another Competitor may be penalized,” IndyCar said. Continue reading →