Goodyear to cut costs up to $1 bln, close plants

Newswire

NEW YORK, Sept 23 (Reuters) - Goodyear Tire & Rubber Co. , the largest U.S. tire maker, said on Friday it will close plants and increase sourcing from Asia, cutting costs by $750 million to $1 billion over the next three years. The tire maker said it would take cash charges of $150 million to $350 million for the restructuring, which will include selling more noncore assets. Goodyear expects to cut high-cost manufacturing capacity by 8 percent to 12 percent to generate savings of ...

Premium Content (PAID Subscription Required)

"Goodyear to cut costs up to $1 bln, close plants" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Nov 21, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More

Newswire

Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×