Goodyear may sell engineered products unit — report

Akron, Ohio–Goodyear may be about to sell its Engineered Products business, according to a report in TheDeal.com., a US-based organisation that tracks mergers and acquisitions.

The report quotes an anonymous source saying the company has hired J.P. Morgan Chase & Co to handle the sale, and the sale process is due to start in January 2005.

A Goodyear spokesman said the company is constantly reviewing its portfolio of assets, but declined to speculate on rumours of any acquisitions or divestments.

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