Thursday, 26 July 2007

Goodyear quarterly earnings rise

(Reuters) - CHICAGO, July 26 - Goodyear Tire & Rubber Co. said on Thursday quarterly profit rose as it focused on selling more expensive brand-name tires and working through a multiyear restructuring.



Goodyear is in a restructuring set to run through 2009 that includes expanding production in low-cost regions, increasing capacity for more expensive high-margin tires and divesting units not engaged in tire production.


Read more at Reuters.com Market News

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