Europe shores up Q2 earnings at Goodyear

Akron, Ohio – Goodyear Tire & Rubber Co. has posted a 3.5-percent drop in segment operating income to $531 million (€479 million) on second quarter sales of $3.9 billion, 7-percent lower than in the same three months of last year.

The result for the three months to 30 June featured an impressive 37-percent rise in earnings in the Europe, Middle East and Africa (EMEA) region offset by mainly one-off factors impacting the tire maker’s business in the Americas.

Globally, tire unit volumes reached 41.5 million units, up 2 percent…

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