Moody's Investors Service, ("Moody's") has today affirmed all ratings of Compagnie Generale des Etablissements Michelin (CGEM, Michelin, or the group), including the issuer ratings of A3 for CGEM and Compagnie Financiere Michelin SCmA (CFM), a wholly owned subsidiary of CGEM and parent company of Michelin Luxembourg SCS (MiLux). Concurrently, Moody's has affirmed the short-term Prime-2 (P-2) ratings of CGEM and CFM. "The rating affirmation reflects the resilience of Michelin's business model, its strong liquidity and the self-help measures already initiated by the company at a time where the global coronavirus outbreak leads to a drop of volumes in the global tire market.", said Matthias Heck, a Moody's Vice President -- Senior Credit Officer and Lead Analyst for Michelin.

Moody's Investors Service confirmed the ratings of The Goodyear Tire & Rubber Company ("Goodyear") including the corporate family and Probability of Default ratings at B1 and B1-PD, respectively; Goodyear's senior secured second-lien term loan at Ba2; senior unsecured guaranteed notes at B2; senior unsecured unguaranteed notes at B3; and Goodyear Europe B.V.'s senior unsecured guaranteed notes at Ba3. Moody's also assigned a B2 rating to Goodyear's new $600 million senior unsecured note.

To celebrate the highly-anticipated return of the NASCAR Cup Series on Sunday, May 17, the "Official Tire of NASCAR®," today announced the "Return to Racing Sweepstakes," giving fans the chance to win one of four Goodyear Eagle racing tires from the winner of the Darlington 400, aptly re-named "The Real Heroes 400" race.¹

Shares of Goodyear Tire & Rubber (NASDAQ: GT), a manufacturer of rubber tires for automobiles, trucks, buses, and aircraft, among other vehicles, are down 16% after the company reported a disappointing first-quarter result. There's no question Goodyear Tire felt the negative impact from the COVID-19 outbreak during the first quarter. "While this unprecedented crisis continues to disrupt our business and the broader automotive industry, I am confident we will emerge from this crisis in a strong position," said Richard J. Kramer, chairman, chief executive officer, and president.

The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its offering of $600 million aggregate principal amount of 5-year senior notes. The notes will be senior unsecured obligations of the company.

You could ask 100 different analysts what they think about buying and selling stocks during COVID-19, and you might just get 100 different opinions. If you have $1,000 to invest, now could be a great opportunity to start a new position, and billion-dollar hedge fund managers have been scooping up shares of IDEXX Laboratories (NASDAQ: IDXX), Goodyear Tire (NASDAQ: GT) and Starbucks (NASDAQ: SBUX). You may not recognize IDEXX Laboratories, but if you're a pet owner there's a chance you've crossed paths with its products or services already.

At this time, I'd like to welcome everyone to Goodyear's First Quarter 2020 Earnings Call. Thank you, Keith, and thank you everyone, for joining us for Goodyear's First Quarter 2020 Earnings Call. If I could now draw your attention to the safe harbor statement on slide two, I would like to remind participants on today's call that our presentation includes some forward-looking statements about Goodyear's future performance.

Q1 2020 Goodyear Tire & Rubber Co Earnings Call

An icon is back in the European skies today, as, for the first time in nearly a decade, the legendary Goodyear Blimp takes flight over Europe. The return of the Goodyear Blimp is the latest in a series of investments in Goodyear's business in Europe. This has included an award-winning refresh of the European product portfolio over the last 18 months, a realignment of our distribution network to grow with a dedicated set of partners, the launch of e-commerce options in select European markets, a new media partnership with Eurosport and a return to the international motorsport racing scene.

To help alleviate the pressures America's food banks are facing to supply meals to communities impacted by COVID-19, Roll by Goodyear, an innovative new tire buying and installation provider in the greater Philadelphia and Washington, D.C. markets, will donate the cost equivalency of 100 meals to Feeding America for every tire sold. This donation will apply to all tires purchased through www.rollbygoodyear.com or at any Roll by Goodyear location through June 30, 2020.

Goodyear (GT) reports loss in Q1 due to lower revenues across all segments.

Goodyear Tire & Rubber Co. said Wednesday it is publicly offering $600 million in five-year senior unsecured notes. The tire maker expects to use the proceeds from the offering to repay the 8.75% notes that mature in August 2020, of which there is $282 million in principal outstanding. Goodyear's credit is rated B+ at S&P Global Ratings, which is four notches deep into speculative grade, or "junk," territory. The stock rose 2.1% in premarket trading, after falling 8.7% the past two days. Year to date through Tuesday, the stock has tumbled 57.6% while the Dow Jones Industrial Average has declined 16.7%.

Shareholders might have noticed that The Goodyear Tire & Rubber Company (NASDAQ:GT) filed its first-quarter result...

Shares of Goodyear Tire & Rubber (NASDAQ:GT) fell 3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 415.79% year over year to ($0.60), which may not compare to the estimate of ($0.15).Revenue of $3,056,000,000 less by 15.06% year over year, which missed the estimate of $3,240,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 30, 2020View more earnings on GTTime: 04:02 PM ETWebcast URL: https://edge.media-server.com/mmc/p/wjg6af2jTechnicals 52-week high: $19.6652-week low: $4.09Price action over last quarter: down 34.01%Company Overview Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East and Africa (EMEA); and the Asia Pacific.See more from Benzinga * Recap: Insmed Q1 Earnings * Recap: Patrick Industries Q1 Earnings * Superior Group: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has priced its offering of an additional $200 million aggregate principal amount of its 9.500% senior notes due May 31, 2025. The notes will be senior unsecured obligations of the company. The notes will be offered to the public at a price of 101.75% of their principal amount, plus accrued and unpaid interest from May 18, 2020. Goodyear expects the offering to close on May 22, 2020, subject to customary closing conditions.

The Goodyear Tire & Rubber Company (NASDAQ: GT) and Enovos will build two photovoltaic power stations at Goodyear's testing facilities in Colmar-Berg, Luxembourg.

The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced that it has commenced a public offering of $600 million aggregate principal amount of 5-year senior notes. The notes will be senior unsecured obligations of the company. Issuance and sale of the notes is subject to market and other customary closing conditions.

Shares of Goodyear Tire & Rubber (NASDAQ: GT), American Axle & Manufacturing (NYSE: AXL), and Tenneco (NYSE: TEN), all automotive parts suppliers and manufacturers, each jumped over 14% at one point Tuesday, following positive economic data that's renewing optimism for a reopening economy. The idea of states reopening more of their economies is a huge positive for the broader automotive industry. There were more positive data points: New home sales unexpectedly increased in April, and consumer confidence moved higher after two months of sharp declines -- all great news for the broader automotive industry, which has been hit hard by COVID-19.

Goodyear (GT) delivered earnings and revenue surprises of -130.77% and 2.83%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Ryder System, Inc. (NYSE: R) today announced that Goodyear (NASDAQ: GT) will become the preferred supplier of tires, retreads and tire management solutions to its vast network of fleet customers across the United States and Canada beginning January 1, 2021.