Goodyear posts loss, raises cost-cutting targets

Newswire

CHICAGO, April 27 (Reuters) - Goodyear Tire & Rubber Co. , the largest U.S. tire maker, posted a quarterly net loss on Friday pressured by several one-time charges and said it would increase and extend a multi-year cost-cutting plan. Goodyear posted a net loss of $174 million, or 96 cents per share, in the first quarter, compared with net income of $74 million, or 37 cents per share a year earlier.

Premium Content (PAID Subscription Required)

"Goodyear posts loss, raises cost-cutting targets" 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
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×