CHICAGO, May 21 (Reuters) - Struggling tire maker Goodyear Tire & Rubber Co. said on Wednesday its North American consumer replacement tire shipments outpaced the industry in April, with its namesake brand fueling most of the market share gain.
Goodyear, the world's third-largest tire maker, said it gained one-half point of market share from a year ago as the overall industry's shipments of consumer replacement tires fell 1 percent in April from last year's levels.
Goodyear, based in Akron, Ohio, has pledged to regain market share and cut $1.0 billion to $1.5 billion in costs in a bid to return to profitability.