Goodyear to cut US tire-making capacity-report

Newswire

AKRON, Ohio, Jan 30 (Reuters) - Goodyear Tire and Rubber Co. plans to idle 15 percent of its North American tire-making capacity this year and shift production of some tires to other countries, the Akron Beacon Journal newspaper reported on Thursday. Accoridng to the newspaper, Akron-based Goodyear said in a company newsletter distributed to employees that it could no longer afford to produce low-priced commodity-type tires in North America. A Goodyear spokesman was not immediately ...

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