AKRON, Ohio, June 25, 2020 /PRNewswire/ -- The Goodyear Tire
& Rubber Company (NASDAQ: GT) and Lordstown Motors announced
today a strategic relationship with the two Ohio-based companies agreeing to collaborate
on tires and service in addition to future tire intelligence
opportunities.
The announcement coincides with Lordstown's debut of its first all-electric
pickup truck, the Endurance, featuring Goodyear tires on
Thursday.
As part of the agreement, Goodyear also intends to acquire new
Endurance vehicles to integrate into its own servicing fleet
recognizing the sustainable footprint of the all-electric
vehicles.
"We want to be the tiremaker of choice for electric vehicle
manufacturers and working with Lordstown represents an ideal relationship
with shared Ohio roots and shared
values of innovation, performance and sustainability," said
Erin Spring, Goodyear's director,
new ventures.
Operating out of the former General Motors plant near
Youngstown, Ohio, Lordstown has retooled the facility to begin
producing its first vehicles at the end of this year. Lordstown
Motors says it has received advance orders for fleet purchases of
the Endurance and plans to build 20,000 of the pickups during its
first year of production.
"Debuting the Endurance is the biggest milestone
Lordstown Motors has hit to date and having a legendary company
like Goodyear a part of the moment is extra special," said LMC CEO
Steve Burns. "Goodyear is a
household name, and their partnership is an important step for
Lordstown Motors. The fact that they're in our backyard is just
icing on the cake."
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It
employs about 63,000 people and manufactures its products in 47
facilities in 21 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. For more
information about Goodyear and its products, go to
www.goodyear.com/corporate.
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SOURCE The Goodyear Tire & Rubber Company