UPDATE 1-Goodyear raises investment, savings plans

Newswire

(Adds details, background) NEW YORK, June 26 (Reuters) - Goodyear Tire & Rubber Co , said on Thursday it would spend up to $1.3 billion on global development and raised its savings target as it navigates a tough economic environment. The largest U.S. tire maker, which does not provide sales or profit forecasts, raised its savings target more than 11 percent to more than $2 billion by 2009. "We anticipate capital investments totaling between $1 billion and $1.3 billion per year from ...

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