KOBE, Japan — One year has passed since Goodyear Tire & Rubber Co. and Sumitomo Rubber Industries Ltd. announced plans to form a global alliance, and analysts remain divided over the potential impact. Is it the first step for a U.S. takeover of a 90-year-old Japanese institution, or the beginning of the end for one of the grand names in an American industry? The jury still is out. “The next logical step would be for a complete takeover of Sumitomo,” says Peter Boardman, New York ...

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