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Recently, Darren Wells, finance director of Goodyear Tire Company, said that the company’s consumer and commercial sales in North America are weak, and its demand in Asia and Latin America is weak.
Goodyear Tire warned in December that a severe flood in Thailand could trigger a potential global shortage of certain aviation tires, which may hit the commercial aviation industry in early 2012. In midday trading on the New York Stock Exchange (NYSE) Tuesday, the company's stock price fell 9.9699% to $13.89.
The United States Goodyear tire rubber company was founded in 1898, has been more than 100 years of history. Goodyear is the world's largest tire manufacturing company, headquartered in Akron, Ohio, USA. The company produces tires, engineering rubber products and chemical products in more than 90 factories in 28 countries. Today, Goodyear employs more than 80,000 people worldwide.