Goodyear US income up 67%, sales drop globally

ERJ staff report (LMH)

Akron, Ohio – Goodyear Tire & Rubber Co.’s North American Tire business made $130 million (Euro 100 million) in operating income in the third quarter 2012, a huge 67 percent rise year-on-year. The company said it expects 2012 North American earnings to exceed its 2013 target.

For the company as a whole, sales were $5.3 billion, down 13 percent from last year’s record-setting total, reflecting $592 million in lower tire unit volumes and $258 million in unfavorable foreign currency translation. Tyre…

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