Goodyear to invest in Brazil, China

Newswire

NEW YORK, June 26 (Reuters) - Goodyear Tire & Rubber Co , said on Thursday it would increase investments in China and Brazil, close a plant in Australia and refurbish four U.S. plants. The largest U.S. tire maker, which does not provide sales or profit forecasts, raised its savings target by more than 11 percent to more than $2 billion by 2009. "We anticipate capital investments totaling between $1 billion and $1.3 billion per year from 2008 to 2010," Chief Executive Officer Robert ...

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