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News Breaks
January 15, 2013
12:59 EDTGTGoodyear Tire says plant expansions to begin to impact earnings in 2-3 years
Sees Chile expansion complete in 2013, Brazil expansion complete in 2014. Sees China plant in Pulandian complete in 2013. Comments from slides that will be presented at the Deutsche Bank Global Auto Industry Conference.
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April 24, 2015
13:20 EDTGTGoodyear Tire to build tire factory in Mexico
The Goodyear Tire & Rubber Company announced it will build a new tire factory in San Luis Potosi, Mexico to serve its customers in the Americas. The new factory, combined with investments in its existing U.S. and Canadian factories, will enable Goodyear to meet the strong and growing market demand for high-value-added, or HVA, consumer tires in North America and Latin America. Industry demand for HVA tires in these regions is expected to increase by 10M tires per year from 2014-2019. Total capital investment for the project will be approximately $500M-$550M, net of government incentives, and is consistent with the company's existing capital allocation plan. Its outlook for 2015 and 2016 capital expenditures remains unchanged at $1.1B and $1.2B-$1.3B, respectively.
06:28 EDTGTGoodyear Tire plans to put plant in San Luis Potosi, Mexico, Reuters says
Goodyear Tire is planning to invest $550M in a new tire plant in San Luis Potosi, Mexico, reports Reuters, citing two people familiar with the matter. Reference Link

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