Goodyear Named one of America’s most Reputable Companies
13-05-2011 Category: Events
Goodyear has not only been recognized as one of America’s most reputable companies by Forbes magazine once again, but it has also moved up its annual ranking of the 500 largest companies in the USA.
Corporate Reputation
Goodyear ranked 38th on the magazine’s sixth annual ranking of corporate reputation in the United States, which was released on www.forbes.com. Goodyear is the only tyre maker on the list and the highest-ranked company in the automotive industry. The list is based on the results of the Reputation Institute’s U.S. Reputation Pulse consumer opinion survey, which measures the overall respect, trust, esteem, admiration and good feelings consumers hold toward 150 of the country’s largest companies. Scores are based on RI’s seven dimensions of reputation: products/services, innovation, governance, workplace, citizenship, leadership and financial performance. RI said the 2011 survey indicates that the top three drivers of corporate reputation are products and services, governance and citizenship. “This recognition is particularly meaningful as it is based on surveys with the general public – the consumers who buy our tyres and put their trust in Goodyear and its products every day,” said Chairman Rich Kramer. “I’m especially pleased with our ranking because it reflects the public’s perception of not only our products, but our company as a whole,” he added. “We are proud that our employees take the initiative to do good works that benefit our fellow employees, our customers, our communities and the environment. The survey indicates that the public recognizes our corporate citizenship and respects the Goodyear brand for more than great tyres.”
Goodyear ranks 139th on latest Fortune 500 list
Goodyear is in the upper echelon of American businesses in Fortune magazine’s annual ranking of the 500 largest companies in the United States. Based on 2010 sales of $18.8 billion, Goodyear is the 139th largest business in the country, up from 141st last year. It is ranked fifth in the magazine’s Motor Vehicles and Parts category and is Ohio’s sixth largest company. Wal-Mart, with 2010 sales of $421 million, topped the list. Rounding out the top 10 were: Exxon Mobil, Chevron, ConocoPhillips, Fannie Mae, General Electric, Berkshire Hathaway, General Motors, Bank of America and Ford. The top 10 companies in the Motor Vehicles and Parts category, and their overall positions in the Fortune 500, were:
•General Motors (8)
•Ford (10)
•Chrysler Group (59)
•Johnson Controls (76)
•Goodyear (139) •TRW Automotive (171)
•Navistar International (204)
•Lear (207)
•Paccar (238)
•Oshkosh(252)
In total, 17 Motor Vehicles and Parts companies made the Fortune 500, two more than last year. Compiled since 1955, the Fortune 500 ranks U.S. companies by sales. This year, a company had to post sales of more than $4.38 billion to make the "500." The complete Fortune 500 listing is in the magazine’s May 23 issue and is now available on the its Web site www.fortune.com/500.
More about Goodyear
Goodyear is one of the world’s largest tyre companies. It employs approximately 72 000 people and manufactures its products in 55 facilities in 22 countries around the world. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
More about Goodyear in South Africa
Goodyear South Africa was founded in 1915. Goodyear Tyre & Rubber Holdings and its group of companies employ almost 5 000 people in sub-Saharan Africa. It is headquartered in Port Elizabeth and its tyre manufacturing facility is based in Uitenhage. Goodyear supplies tyres to the local replacement market through its main distribution channels which includeHi-Q and Trentyre. It also supplies original equipment to major motor vehicle manufacturers and exports tyres to various parts of the world.
