AKRON, Ohio, Feb. 9, 2021 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2020. "We delivered strong performance to end a challenging year," said Richard J. Kramer, chairman, chief executive officer and president. "With a determination to win with our products in the marketplace and a relentless focus on cost and cash, we finished the year on a high note. "We have good momentum as we enter 2021. Our commercial business continues to outperform the industry, our consumer replacement business is strengthening, and we are beginning to see the benefits of our robust consumer OE pipeline. I am confident we are positioned to capitalize on stronger industry fundamentals in 2021," added Kramer. Goodyear's fourth quarter 2020 sales were $3.7 billion, down 2% from a year ago. The decline was driven by lower volume and unfavorable foreign currency translation. These factors were partially offset by improvements in price/mix.