The Goodyear Tire & Rubber Company was founded in 1898 by 38-year-old Frank Seiberling. He purchased the first plant with a $3,500 down payment using money he borrowed from a brother-in-law. The timing couldn't have been better. The bicycle craze of the 1890s was booming. The horseless carriage was a wide-open challenge. On Aug. 29, 1898, Goodyear was incorporated with a capital stock of $100,000.
The Goodyear Tire & Rubber Company is one of the world’s leading manufacturers of tires, with one of the most recognizable brand names and operations across most regions.
Goodyear presently has existing operations in most parts of the world. Along with its subsidiaries and Joint Venture companies, Goodyear develops, markets and sells tires for almost every application imaginable.
Goodyear also has two centers focused primarily on coming up with the latest innovations in the tire industry- one is based in the United States of America (Akron), while the other is based in Europe with offices in Colmar-Berg (Luxembourg) and Hanau (Germany). In addition to this, Goodyear also has 4 test tracks located around the world to facilitate testing under various conditions.
The foundation of Goodyear is built on delivering the highest quality tires, products and service to their customers and consumers, along with market driven innovation, and thereby building the value of their brands.
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