Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
January 26, 2004 12:00 AM

Anticipated tyre launch sends Goodyear stock price higher

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Rubber & Plastics News

    Akron, Ohio-The price of a share of Goodyear stock closed 21 Jan above $10 for the first time in more than a year following an analyst's upgrade pending the anticipated launch of a new tyre line in February.

    Goodyear's stock hit $10.74, up from $9.51 Jan. 20, after Saul Ludwig of McDonald Investments Inc. in Cleveland upgraded his evaluation of Goodyear to “hold” from “underweight.” In his report, Ludwig said he made the adjustment because of recent positive indicators that have pushed the scales back to neutral.

    Among those, the analyst cited improved dealer relations, improved market share of branded tyres, a surging truck tyre business, the possibility Goodyear will refinance its debt and the pending launch of a new high-end, all-season tyre dubbed “Assurance.”

    “In our opinion, this is (Goodyear's) most important product launch in the last 10 years,” he wrote. “We believe the Aquatred line will be phased out, and the Assurance will be its new, high-end tire for the consumer market.”

    Goodyear declined to comment on the tyre in advance of its launch, saying only it always is working on new products. In a recent trade magazine advertisement, Goodyear touted the all-weather, all-road capabilities of the product. “In fact, on 6 Feb, 2004, it will be a new day for drivers everywhere,” the ad said. “You have our assurance.”

    RECOMMENDED FOR YOU
    Trelleborg acquires Dutch composite hose supplier
    Trelleborg acquires Dutch composite hose supplier
    Conti hose & line unit zeros in on low-emission mobility
    Conti hose & line unit zeros in on low-emission mobility
    Cabot expands sustainable rubber operations in Malaysia
    Cabot expands sustainable rubber operations in Malaysia
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. 
    European Rubber Journal is published bi-monthly by NUERJ Ltd.

    Registered Office: Castle House, 89 High Street,
    Berkhamsted, Hertfordshire HP4 2DF, United Kingdom. 

    Tel. + 44 (0)203 196 0141 

    Registered No. 13104613 England

    Email: [email protected]

    Website www.european-rubber-journal.com

    Customer service 

    Tel. + 44 (0)203 196 0141 

     

    Resources
    • About us
    • Contact Us
    • Advertise with Us
    • Media Kit
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac