Goodyear sees itself in the main position to capitalize Trump Auto tariffs: ‘We have a lot of opportunities for us’

• The largest tire manufacturer for US car companies And the consumer replacement market believes in heavy northern American footprints is like its external peers like him Michelin, Corpse and continental. “Goodyear’s US Tariff Exposition, an average of a quarter to an average of a quarter to the industry,” he said.

The largest tire supplier in the United States Goodyear Tire and Rubber will help ahead of three main opponents of a strong North American production footprint.

The company was exposed to the consumer market in the consumer market for tires, as well as light trucks, including luxury cars, electric vehicles, and carmakers, as well as the consumer market in the 18-inch and larger segments.

Finally, the company saved $ 200 million, which is six quarters in the early reporting program in the most reporting period in the most reporting period virginity Active money manager Elliott Investment.

“Looking forward, we will continue to see some volatility in the markets of the US trade policy,” CEO Mark Stewart, informed investors during a profit call in the first quarter.

For Goodyear, the largest manufacturer in the United States, when handing over a turning over a turning on a large transformation program, it is also clear that we have many opportunities. “

Stewart’s tire manufacturer mainly competes with French Michelin, Japan’s Bridgestone and Continental. Includes small competitors PyrelliYokohama, Nokian and Sumitomo.

The tires of the United States, including both volumes sold to carmakers, are due to countries from the countries of the 300 million tires from North America.

For comparison, Goodyear, About 60 million cute in the US market, with only 12% of those exposed to 232 car sector tariffs to the new part of Trump. The management claims that the factories in Canada and Mexico are fully compatible with the USMCA free trade sector.

“In the influence, this means that Goodyear’s US Tariff’s confusion is an average quarter for the industry. This is an important advantage for the progress of the United States,” Christina Zamarro, Finance Chief, financial chief call.

Two of the three asset sales were only completed with synthetic rubber ops

Despite the reduction in income and operational benefits, Q1 has slipped from a loss to $ 115 million.

This included $ 260 million Wind gain from the sale The road is supplying the tires outside (OTR) for construction, mining and other heavy vehicles.

The more one-time earnings can increase the result in the current second quarter and beyond.

Only this week, Goodyearcompleted the gapThe Dunlop brand on Wednesday, Sumitomo rubber is a $ 526 million purchase price, as well as more compensation to cover different costs.

Throughout both operations, Goodyear collected $ 1.6 billion in total cash funds.

Finally, Zamarro remains under strategic opinion, which gained the chemical business of Goodyear, which brings $ 1 billion in revenue per year.

“We are dealing with this potential operation in dealing with many stakeholders,” he said, he reaffirmed that he won a minimum of $ 360 million for chemistry.

This story was first displayed Fortune.com

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