Goodyear to shutter Fayetteville plant as part of Americas manufacturing overhaul
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Goodyear plans to close its Fayetteville plant to restructure its Americas manufacturing footprint, targeting operating profit improvement starting 2027 and larger annual gains from 2028. The move carries sizeable upfront pre-tax charges, including meaningful cash outlays, and follows a sharp swing to a Q2 net loss versus prior-year profit. Near-term focus is likely on execution risk, restructuring costs, and margin trajectory.
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Goodyear has confirmed it will close its Fayetteville, U.S. plant as it restructures its manufacturing footprint across the Americas to boost competitiveness. The company expects the move to lift operating profit in its Americas segment by about $90 million starting in 2027, rising to roughly $270 million in annual gains from 2028. The shutdown is expected to trigger $535 million to $565 million in pre-tax charges, including $190 million to $210 million in cash costs. Goodyear reported a second-quarter net loss of $204 million, compared with net income of $254 million a year earlier.
