Goodyear posts stronger-than-expected results, but cuts outlook

Newswire

Feb 12 (Reuters) - Goodyear Tire & Rubber Co, the top U.S. tire maker, on Tuesday posted a stronger-than-expected quarterly profit, but cut its 2013 forecast due to weakness in the European automotive market. "As a result of our view of continued weakness in the European economy and its effects on the auto and tire industries, we are reducing our 2013 segment operating income expectation and are taking actions to ensure long-term competitiveness in the region," Chief ...

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