Wednesday, February 13, 2013

Goodyear North American earnings hit record levels but losses in Europe mount | cleveland.com

Goodyear North American earnings hit record levels but losses in Europe mount | cleveland.com:

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CLEVELAND, Ohio -- Goodyear Tire & Rubber Co.'s business in North America boomed last year, bringing in more than $450 million in profits a year ahead of schedule.
But those stellar results herecouldn't offset weakness in Europe where currency crises in several countries have sapped consumer confidence - pushing down sales of replacement tires and new cars that also sport new tires.

"I'm proud of our progress in [Goodyear's North American tire business] whose turnaround is comparable to any in the auto industry," Goodyear Chairman and Chief Executive Richard Kramer said during a conference call with analysts and reporters Tuesda---
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goodyear has contract with usw and it expires this year

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