Goodyear has extended its Goodyear Forward turnaround beyond the two-year plan originally scheduled to end last year, as CEO Mark Stewart continues efforts to restructure the business, refinance and reduce debt. The company is targeting a 10% operating margin and meaningful cash flow, but reported a 1.6% operating margin and a $453 million net loss through the first half of the year. Debt remained above $7 billion at the end of the second quarter, while tariffs, elevated raw-material costs, geopolitical pressures and cheaper Asian imports continue to weigh on performance. Goodyear has cut roughly $1.5 billion in annualized costs, is shifting toward premium tires and plans to launch more than 1,600 products this year. Cash burn is expected to continue into 2027, although the planned closure of its Fayetteville, North Carolina, plant next year is expected to improve annual Americas segment operating income by $270 million.