The Goodyear Tyre & Rubber Company will receive approximately $US159 million from certain insurance companies as settlement for a lawsuit previously filed by the tyre maker.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The money will be paid to the company in instalments over the next 15 months.


While the specific terms of the settlement are confidential, it provides for the payments to Goodyear in exchange for the company’s releasing the insurers from certain past, present and future environmental claims.


The lawsuit, which Goodyear filed in 1993, sought to have the insurers honour their policies to pay the company’s liability and defence costs in regard to certain environmental claims.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now