Goodyear moves to dissolve Sumitomo alliance

Newswire

DETROIT, Feb 14 (Reuters) - Goodyear Tire & Rubber Co has moved to end its global alliance with Sumitomo Rubber Industries Ltd, citing the Japanese tire maker's "anticompetitive conduct." Goodyear said on Thursday that it began arbitration proceedings last month to end the alliance, as well as seeking damages and other relief. Goodyear did not provide details on what actions by Sumitomo led to Goodyear's decision. "We have learned that (Sumitomo Rubber ...

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