UPDATE 2-Goodyear plans investments in emerging markets

Newswire

(Adds analyst comment, detail on international strategy) NEW YORK, June 26 (Reuters) - Goodyear Tire & Rubber Co said on Thursday it would spend up to $1.3 billion annually over the next few years on global development, and raised its cost-cutting target as it navigates a tough economic environment. The largest U.S. tire maker said it would push its high-end tires in international markets and sees many opportunities in emerging markets like China, Russia and Brazil. "We anticipate ...

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