goodyear

Goodyear’s EMEA results impacted by raw material costs, competition

Akron, Ohio – Goodyear Tire & Rubber’s half-year results in Europe, Middle East and Africa (EMEA) have seen significant decline reflecting the impact of higher cost of raw materials’ costs and increased competition in the replacement tire segment.

Year-on-year sales in EMEA fell 6.3% to $2.35 billion (€2 billion) in the first six months of the year, region’s operating income declined sharply at 23.2% to $175 million.

In second quarter alone, EMEA operating income of $77 million was 48% below the prior year driven by the impact…

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