Goodyear Invests In Autonomous Trucking Company Gatik

Goodyear Tire & Rubber Co (NASDAQ:GT) has announced a multi-year collaboration with Gatik to advance mobility solutions for the autonomous B2B short-haul logistics industry.
Under the collaboration, Goodyear's venture capital fund, Goodyear Ventures, has participated in Gatik's recently announced Series B funding. The financial terms of the deal were not disclosed.
Gatik has established the autonomous middle mile logistics network in North America and is expanding its fleet of Class 3-6 autonomous box trucks for customers in multiple markets, including Texas, Arkansas, Louisiana, and Ontario.
Gatik's medium-duty fleet will use tires equipped with tire intelligence technology powered by Goodyear SightLine.
Price Action: GT shares traded lower by 1.23% at $18.43 in premarket on the last check Tuesday.