Updated

A new analysis of Goodyear Tire & Rubber's ongoing turnaround effort found that the company continues to burn through significant cash even as it pursues operational improvements. The report raises questions about the sustainability of Goodyear's restructuring plan absent a faster improvement in free cash flow. The findings add to investor scrutiny of legacy industrial and consumer manufacturers attempting multi-year turnarounds amid soft demand and elevated input costs. Goodyear's cash burn contrasts with its stated turnaround narrative, prompting some analysts to question the pace of recovery.