Goodyear to expand Dalian, invest elsewhere

NEW YORK (June 26, 2008) — Further to Goodyear’s announcement yesterday that it intends to close a tyre plant in Australia, The company has said it will begin an investment programme. Goodyear said it will move a factory in China, and spend as much as $1.8 billion in the US, Latin America and Europe to improve its global competitiveness.

In China, Goodyear intends to spend up to $500 million to expand capacity at a new facility in Dalian.

Goodyear said it will invest $500 million to $700…

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