US CREDIT-Goodyear seen as bargain in auto sector

Newswire

NEW YORK, March 22 (Reuters) - The auto sector has been hammered over the past week, but some traders think Goodyear Tire & Rubber Co. might be worth looking at. Automakers and auto suppliers have been in a freefall since last Wednesday, when General Motors Corp. slashed its 2005 earnings outlook. As U.S. automakers slow production, auto parts suppliers should get hit, but analysts say Goodyear is a different story. Goodyear earns its highest margin on replacement tires, and as new ...

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