Arizona holdings, including Goodyear Farms, Litchfield Park, and Westinghouse-Goodyear properties, are sold to SunCor Development Corporation.The New Toronto, Canada tire plant and the Kelly-Springfield tire plant in Cumberland, Maryland are closed.Motor Wheel Corporation is purchased by its management.Goodyear Aerospace is sold to Loral Corporation for $640 million.In the wake of the unsuccessful takeover attempt by the Goldsmith investment group, Goodyear makes a tender offer for up to 40 million shares of its common stock at $50 each.The Eagle radial racing tire makes its debut and carries Al Unser Sr. Financial support for Formula 1 Grand Prix racing is discontinued.Ī new airship is christened The Spirit of Akron in recognition of the community's support for the company.The Rome, Italy base for the airship Europa is sold and the airship retired.Windsor, Vermont shoe products plant closes.A restructuring program is announced that includes the sale of Celeron Corporation, Goodyear Aerospace, Motor Wheel Corporation, Goodyear Farms, and The Wigwam resort in Arizona.Goodyear moves to acquire stock held by the Goldsmith investment group.British financier Sir James Goldsmith, Hanson Trust, and a group of investors purchase 11.5 percent of Goodyear stock in a takeover attempt.Maxxim, a total gasoline vapor recovery hose, introduced.A China Affairs office opens in Hong Kong.Goodyear Corsa GT tires selected as the exclusive tire for the Hyundai Excel.A natural rubber research and quality control lab opens in Singapore.Plans announced for a $29-million technical center in Japan.Sales of Versigard rubber roofing expanded into Europe.Financing is completed for construction of the Celeron West Coast to Texas Gulf Coast pipeline.Goodyear purchases Long Mile Rubber Company, the largest full-line tread rubber producer in the U.S., and Min Tire Equipment Inc., a premier supplier of rubber extruder equipment and industrial machinery.The National 4-H Bicycle Program completes its 10th year under Goodyear sponsorship.A new and larger airship Mayflower is launched.Mario Andretti wins World Driving Championship, Al Unser the Indianapolis 500, and Kenny Roberts becomes the first American to win the World 500cc Motorcycle Grand Prix - all on Goodyear tires.Toxicology lab established to determine the safety of chemicals.Goodyear Aerospace receives contract to develop an Imaging Radar System to map the planet Venus.Expansions of tire-making facilities made in Malaysia and Luxembourg.Ashland, Ohio plant increases production to meet the demand for Pliogrip, an adhesive used to bond car components.Point Pleasant, West Virginia plant is expanded again to cope with the increasing number and popularity of polyester uses, making a total of $30 million spent on the plant in a three-year period, increasing production by 20 percent.John Gerstenmaier is elected vice chairman and chief operating officer, with Robert Mercer succeeding him as Goodyear's 13th president.The company marks its 80th anniversary.The all-season tire sold 3.5 million in its first year. Goodyear is the first company in the rubber industry to top the $7 billion mark in sales, led by the most successful tire in company history, the Tiempo.Plans announced to turn an idle Akron tire plant into a new $75-million Technical Center.Plans announced to turn an idle Akron tire plant into a new $75-million Technical Center. The company's first sale for $25.80 in rubber tubes for pharmaceutical bottles is recorded on December 1.ġ978 Big Plans for Akron Technical Center.Production of carriage tires, bicycle tires, horseshoe pads and rubber sundries begins on November 21.David Hill, who purchased $30,000 of the company's initial stock, named president.Company named in honor of Charles Goodyear, who discovered the rubber vulcanization process in 1839.Seiberling and his brother Charles found The Goodyear Tire & Rubber Company with initial capital stock of $100,000 on August 29.The remainder would be paid in four yearly installments of $2,500. Frank Seiberling borrows $3,500 from his brother-in-law Lucius Miles for the down payment needed to buy an abandoned strawboard factory on the banks of the Little Cuyahoga River in Akron, Ohio.

Frank Seiberling borrows $3,500 from his brother-in-law Lucius Miles for the down payment needed to buy an abandoned strawboard factory on the banks of the Little Cuyahoga River in Akron, Ohio, founding The Goodyear Tire & Rubber Company.

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