Truck News

Product

Goodyear continues to cut costs

AKRON, Ohio -- Goodyear Tire and Rubber has reported a US$174 million first quarter loss due to a decrease in North...


AKRON, Ohio — Goodyear Tire and Rubber has reported a US$174 million first quarter loss due to a decrease in North American sales and a labour dispute which has since been resolved.

When announcing the results, Goodyear spokesman Keith Price hinted at further plant closures. The company has already announced it plans to end tire production by the end of this year at its Valleyfield, Que. plant. However, the company said it will be opening a materials mixing center in June near Montreal. The company announced it will continue to seek ways to reduce costs.

“Additional savings are possible to the extent that production from the closed plants are transferred to existing facilities and/or are moved to low-cost countries,” CEO Robert Keegan said.


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page
Related Articles
TruckNews
TodaysTrucking


Have your say:

Your email address will not be published. Required fields are marked *

*