Rich_Kramer_goodyear

Goodyear posts ‘solid’ 2016 earnings

Akron, Ohio – Buoyed by strong performances in its Americas and Asia Pacific consumer tire operations, Goodyear posted $479 million (€447 million) in fourth quarter segment operating earnings and $2 billion in operating income for the year ended 31 Dec.

Sales for the year declined 7.8% to $15.2 billion and fell 7.9% to $3.7 billion in the quarter, reflecting primarily the deconsolidation of the company’s subsidiary in Venezuela as well as unfavourable currency translation, the Akron-based tire maker said.

“We delivered solid net income and record core…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with