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FrontRow · Aug 29, 2026

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Goodyear has extended the timeline for its turnaround plan as the company tries to restructure its business, refinance and pay down years of debt and as key financial targets remain unmet. CEO Mark Stewart told CNBC the iconic tire manufacturer is trying to reach a 10% operating margin and generate meaningful cash flow. Goodyear’s business has been impacted by tariffs, inflated raw material costs and the expansion of cheaper Chinese products.

Goodyear has extended the timeline for its turnaround plan as the company tries to restructure its business, refinance and pay down years of debt and as key financial targets remain unmet. CEO Mark Stewart told CNBC the iconic tire manufacturer is trying to reach a 10% operating margin and generate meaningful cash flow. Goodyear’s business has been impacted by tariffs, inflated raw material costs and the expansion of cheaper Chinese products.

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