Goodyear Tire CEO says macro challenges 'have extended into 2019'
"Our teams delivered several operational wins in 2018, including increasing our consumer replacement volume and building our OE pipeline by securing numerous fitments, notably on future electric vehicles," said Richard Kramer, chairman, CEO and president. "These achievements are a testament to our product innovation, the strength of our distribution network and the value of the Goodyear brand. Additionally, we achieved a number of strategic objectives throughout the year that strengthen our connected business model and move us closer to our customers, allowing us to improve our service levels and positioning us to be a leader in the changing mobility landscape. While many of the macro challenges we faced in 2018 have extended into 2019, we continue to build on what we accomplished last year and remain focused on delivering a higher level of earnings over the longer term."