AKRON — Goodyear's tire production became more flexible during the coronavirus pandemic, the company's top executives told financial analysts during a July 31 conference call to discuss the firm's second-quarter results.
At the same time, an increase in e-commerce has the company optimistic about recovery.
Goodyear said it believes the second quarter saw the worst of the economic impact from COVID-19 when demand dropped and manufacturing was idled. The company said the tire industry is slowly recovering, but it is entering the second half of the year in a conservative fashion.
Chairman, CEO and President Rich Kramer and CFO Darren Wells talked about some of the company's highs and lows heading into the third quarter during the conference call.