Goodyear has record $5 billion sales, doubles income in Q2

By Liz White, ERJ staff

Akron, Ohio-Goodyear Tire & Rubber Co.’s net income for the second quarter of 2005 was $69 million “reflecting record sales and increased unit volume,” said the Akron-based tyre maker. This compares with net income of $30 million for Q2 2004, the company said, in its Q2 2005 earnings release.

Strategic pricing actions and better product mix allowed the tyre maker to offset record raw materials price rises during Q2, rises which seem set to continue this year, Goodyear indicated.

The group’s…

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