Goodyear Tires can benefit from EVs, but not how you may think
GTThe Goodyear Tire(GT) MarketBeat·2024-02-05 19:21

Key PointsGoodyear is the nation's largest replacement tire company, benefitting from the electric vehicle (EV) tire tailwind.EVs tend to wear out tires 5X faster than gas-powered cars, usually requiring replacements from 10,000 to 30,000 miles compared to 55,000 to 75,000 miles for gas-engine vehicles.Goodyear has a new CEO from Stellantis and is considering selling or spinning off three non-core assets, including its chemical, Dunlop, and off-the-road segments.5 stocks we like better than Goodyear Tire & ...