Goodyear Tire and Rubber took a US$132m foreign exchange hit in Q1 2014 as the Venezuelan bolivar tumbled. That and other challenges in South America led the company to report a net loss of US$58m for the quarter.

Nevertheless, operating income grew 24% to US$373m and the company is sticking by its forecast of year-on-year growth of between 2-3% during 2014-16.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“Our strategy is working and continues to deliver sustainable results,” said chairman and CEO Richard Kramer.

“Despite the Venezuelan charge in the quarter, our operating results remained strong and in line with our expectations and we are reaffirming our 2014-2016 financial targets,” he added.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact