Goodyear looks in the first position to take advantage of Trump Auto’s rates: “We have many opportunities in front of us”

• The largest -north -American tire maker for vehicle companies And the consumer replacement market believes that its strong -American -American footprint is ideally overwhelming to overcome its foreign companions Michelin, Bridgestone and continental. “The exposure to Goodyear’s North -American rates equals about a quarter of the average industry,” his finance chief said to investors.

Goodyear Tire and Rubber, the largest US tire supplier, believes that his severe mark on north -American production will help him overcome his three main competitors.

The company benefits from a large tire portfolio, including luxury cars, electric vehicles and light trucks supplied to vehicle manufacturers, as well as increasing exposure to the replacement of replacement tire consumption market in more profitable segments of 18 inches and larger.

Finally, the company noticed $ 200 million in savings, the most important in any information period since it started its Goodyear -Six quarters Goodyear Restructuring Program before the collapse of the activist money manager Elliott Investment.

“Looking forward, it is almost certain that we will continue to see some volatility in our markets related to United States commercial policy,” said CEO Mark Stewart on investors during the first quarter call.

“For Goodyear, as a greater north -American manufacturer who already offers a change through a major transformation program, it is also clear that we have many opportunities in front of us.”

Stewart’s tire maker mainly competes with Michelin from France, the Bridgestone of Japan and the continental of Germany. Smaller rivals include PirelliYokohama, Nokian and Sumitomo.

The total market for North -American passenger tires, including volumes sold to vehicle manufacturers and in the consumer replacement market, increases to 300 million tires, of which just over half are estimated to come from countries from outside North America.

In comparison, Goodyear supplies about 60 million annual tires to the North -American Market, with only 12% of what was exhibited in the new section 232 of the Trump’s auto sector rates. The direction argues that its factories in Canada and Mexico fully fulfill the USMCA free trade area.

“Indeed, this means that exposure to Goodyear’s North -American Rates is equivalent to about a quarter of the average industry. This is undoubtedly a significant advantage for our north -American business,” said Christina Zamarro, finance chief during the call.

Two out of three assets of assets were completed with only synthetic rubber operations

Despite a decrease in revenue and exploitation benefits, the first quarter went from a loss to a net profit of $ 115 million.

This included $ 260 million Benefit of sale of sale of his business that supplies tires off the road (OTR) for construction, mining and other vehicles of great resistance.

More unique earnings could increase the results in the second quarter today and beyond.

Just this week, Goodyearended the divestmentFrom his Dunlop brand to Sumitomo Rubber on Wednesday for a purchase price of $ 526 million, as well as an additional compensation to cover various costs.

In both transactions, Goodyear collected $ 1.6 billion in gross cash revenue.

Finally, Zamarro said that Goodyear’s chemical business, which generates approximately a billion dollars in annual income from the sale of synthesized rubber, remains under strategic review.

“We are engaged in various parties interested in this possible transaction,” he said, reaffirming that he was expecting at least $ 360 million in at least dirty revenue for chemicals.

This story originally presented to Fortune.com

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