Goodyear strike leads to net loss in first quarter

Akron, Ohio – Goodyear said its recovery from the United Steelworkers´ three-month strike late last year is going “much better than expected” though the Akron-based tyre maker posted a net loss of $174 million in the first quarter and sales inched up less than 1 percent.

In the three months to 31 March, Goodyear reported sales of $4500 million, compared with $4460 million a year ago. In the first quarter of 2006, the firm had posted net income of $74 million.

Goodyear attributed its net loss…

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