Goodyear Tire and Rubber Co
1898 The Goodyear Tire and Rubber Co was founded in USA by Frank Seiberling. The company was named after Charles Goodyear, one of the inventors of vulcanized rubber. Initially made of carriage tires, bicycle tires, horseshoe pads and rubber sundries, followed in 1899 by auto tires.
1909 •The company's first sale for $25.80 in rubber tubes for pharmaceutical bottles is recorded on December 1.
1899 •Raymond Penfield, Frank Seiberling's brother-in-law and an original stockholder in Goodyear, becomes second president. •Automobile tires added to Goodyear's product line. •Sales for first full year of operation total $508,597, generate a profit of $34,621.
1900 •Goodyear exhibits solid tires at Auto Show in New York. •Paul Litchfield joins Goodyear as factory superintendent. •Tillinghast bicycle tire license withdrawn, forcing Goodyear to alter production methods. •Two-story office building constructed. •Annual sales double to $1,035,921.
1901 •First advertisement in Saturday Evening Post with Wingfoot trademark. •Goodyear develops first straight-side tire, with braided wire bead. •George Stadelman joins the company as sales manager for carriage tires.
1902 •Grant patent on carriage tires declared invalid, Goodyear's bond money returned. •Construction starts on new factory building, four times larger than original plant.
1903 •Lucius Miles becomes president. •Paul Litchfield granted patent on first tubeless automobile tire.
1904 •Seiberling-Stevens patent issued for tire-building machine. •First detachable rim developed by Goodyear to replace one-piece clincher rim.
1905 •Goodyear becomes the industry leader in the manufacture and sales of carriage tires. •300 employed, 28 in sales department.
1906 Developed first pneumatic rubber airplane tire
1913 Company established a subsidiary in the UK - Goodyear Tyre and Rubber Co
1986 Sir James Goldsmith, the British financier, acquired an 11.5 percent interest in Goodyear before selling his shares back to the company.
Goodyear responded with a sweeping restructuring that included a huge share repurchase to be financed by stripping the company of its energy holdings
1987 Sold the aerospace business[1].
See Also
Sources of Information
- ↑ The New York Times 13 January 1987
- [1] Goodyear history