| 24-12-2007
According
to the report from Goodyear said the sales of company reached $5.1 billion, up
3 percent from last year in the third quarter. Robert J. Keegan, chairman and
chief executive officer said, "Our outstanding third quarter is evidence
of the success we are seeing in marketing our premium product lines while remaining
focused on improving our cost structure. Despite market challenges, our results
are among the best ever achieved by Goodyear." Keegan said the company made
further progress during the third quarter on its plan to achieve $1.8 billion
to $2 billion in gross cost savings by the end of 2009. "We have now achieved
nearly $900 million in savings and remain on track to reach our four-year goal."
Segment operating income benefited from improved pricing and product mix of $179
million in the third quarter of 2007, which more than offset increased raw material
costs of $23 million. Goodyear
is one of the world's largest tire companies, with operations in most regions
of the world. Together with its U.S. and international subsidiaries and joint
ventures, Goodyear manufactures and markets tires for most applications.
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