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The Goodyear Tire & Rubber
Company was founded in 1898 by Frank Seiberling. Goodyear manufactures tires for automobiles, commercial trucks, light
trucks, SUVs, race cars, airplanes, and heavy earth-mover machinery.
Although the company was not connected with him, it was named
in honor of Charles Goodyear.
Goodyear invented vulcanizedrubber in 1839. The first Goodyear Tires
became popular because they were easily detachable and low maintenance.
Goodyear is very famous throughout the world because of
the Goodyear blimp. The
first Goodyear blimp flew in 1925. Today it is one of the most recognizable advertising icons in America. The
company is the most successful tire supplierin Formula Onehistory,
with more starts, wins, and constructors' championships than any other tire supplier. They pulled out of the
sport after the 1998 season.
Goodyear is a former component of the Dow Jones Industrial Average. 
On July 10, 2008, the Goodyear Tire & Rubber Company was
recognized as one of America’s most respected companies by the Reputation Institute (RI)
and Forbes magazine. Goodyear ranked 16th on the magazine’s third annual listing of companies
with the best reputations in the United States.
The list is based on the results
RI’s Global Pulse consumer opinion survey, which measures the overall respect, trust, esteem, admiration and good
feelings consumers hold toward the world’s largest companies.
Scores are based on RI’s seven dimensions
of reputation: products/services, innovation, workplace, citizenship, governance,
leadership and performance. RI said the 2008 survey indicates that consumers are most influenced by a
company’s high-quality products and services as well as its governance and
Goodyear’s score of 76.0,
represented a 7.54 point increase over 2007 and was the largest year-over-year improvement of any company on the
list. Goodyear is the only tire company on the top-75 list.
The recognition from RI and Forbes is the fifth significant
honor for Goodyear in 2008. The company was named the world’s most admired company in the motor vehicle parts
industry by Fortune magazine. Audit Integrity
Inc. and Forbes magazine ranked Goodyear sixth on their list of America’s most trustworthy
companies. The Wall Street
Journalrecognized Goodyear for leading
shareholder return for the past five years in the automotive category. Goodyear was also ranked among the Top
100 Corporate Citizens selected by
The company announced in summer
2009 that it will close its tire plant in the Philippines as part of a strategy to address uncompetitive
manufacturing capacity globally by the end of the third quarter.