ERJ staff report (DS)
Akron, Ohio — Goodyear has responded to press speculation over the impact of the financial crisis in Venezuela on its business. Goodyear said it expects to record a charge of around $150 million in the first quarter of 2010 due to economic measures taken by the Venezuelan government.
Venezuela has suffered from hyper inflation, and has announced a two-tier currency exchange rate against the US dollar.
The official exchange rate has been devalued from 2.15 bolivar fuerte to each U.S. dollar to 4.30, except…