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News Breaks
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December 9, 2011
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| 16:32 EDT |  | GT |
| theflyonthewall.com: | Goodyear Tire provides update on Thailand flooding | | Since October, when severe flooding in Thailand began to affect its operations, The Goodyear Tire & Rubber Company has been in regular communication with its commercial airline customers regarding a potential global shortage of bias aviation tires that it now has determined may begin affecting the commercial airline industry in February or March 2012. This situation is a result of the catastrophic flood in Thailand in October that disabled many manufacturing operations in that country, including Goodyear's main aviation tire manufacturing facility in Bangkok. The floodwaters that idled Goodyear's plant finally receded during the last week of November, allowing the company to make an assessment of the damage and to get a clearer understanding of the impact on the global aviation tire business. In response to the flood, Goodyear has increased its production of aviation tires in its other facilities and is pursuing other viable sources of tire supply for its customers. Goodyear will never compromise on the quality of its products and is confident in the high quality of the tires it obtains from these qualified sources. :theflyonthewall.com |
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May 16, 2012
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| 09:32 EDT |  | GT |
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May 11, 2012
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| 05:57 EDT |  | GT |
| theflyonthewall.com: | Goodyear Tire shares look increasingly attractive, says Deutsche Bank | | After spending time with management, Deutsche Bank said it has increased confidence in Goodyear Tire's earnings outlook. The firm believes the stock looks increasingly attractive and keeps a Buy rating on the name with a $20 price target. :theflyonthewall.com |
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