The performance of two tire companies, Goodyear Tire & Rubber (NASDAQ:GT) and Cooper Tire (NYSE:CTB), has been starkly different on the stock market over the past year as the following chart indicates. The European business has turned out to be a weak point for Goodyear as a result of which its revenue during the previous quarter fell 9.1% year-over-year, while earnings adjusted for one-time gains came in at $0.59 a share compared to $0.74 per share last year. The company blamed the fall in revenue to a milder than expected winter, which led to lower shipments of replacement tires to Europe. Its revenue declined across the globe, but EMEA was the only region to report a decline in tire unit sales, which underlines the headwinds it is facing here. Read more