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November 20, 2017 01:00 AM

Goodyear, NASCAR renew tire supplier pact

Tire Business Report
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    Goodyear
    Rich Kramer (center, right), Goodyear chairman, CEO and president, and NASCAR President Brent Dewar (center, left) are joined by former and current NASCAR drivers after the two parties announced an extended partnership.

    HOMESTEAD, Fla.—NASCAR has renewed its exclusive race tire supply agreement with Goodyear, according to a statement issued by the Akron-based tire maker at the Homestead Miami Speedway, prior to the start of the 2017 Monster Energy Cup finale on Nov. 18.

    While the length and financial terms of the contract were not disclosed, Goodyear did note that the deal covers NASCAR's top three national series: Monster Energy Cup Series, Xfiniti Series and Camping World Truck Series championships.

    The agreement also continues Goodyear's designation as the official tire of NASCAR, and extends a relationship that started in 1954. The tire maker has been NASCAR's exclusive race tire supplier since 1997; its last contract extension was in 2012.

    Goodyear produces more than 100,000 tires annually for NASCAR at its race tire unit in Akron.

    Richard Kramer, Goodyear chairman, CEO and president, said the new agreement "celebrates our enduring relationship with NASCAR and the continuing value of NASCAR to the Goodyear brand."

    In announcing the contract extension, NASCAR President Brent Dewar praised Goodyear's "commitment to innovation and excellence," which he said plays a key role in helping to sustain NASCAR's reputation of excellence.

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