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February 12, 2013
07:34 EDTGTGoodyear Tire announces pension funding strategy
Goodyear has announced its strategy to accelerate funding of its U.S. pension plans once frozen and to reduce its exposure to future interest rate and equity market movements. The company intends to finance the additional contributions by accessing the debt capital markets. As funded levels increase, Goodyear plans to shift its U. S. pension plan asset allocation to a portfolio of fixed income securities designed to offset the future impact of discount rate movements on the plans' funded status.
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October 6, 2015
16:35 EDTGTGoodyear Tire raises quarterly dividend 17% to 7c per share
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October 1, 2015
16:37 EDTGTGoodyear Tire ends global alliance with Sumitomo Rubber Industries
Goodyear has dissolved its global alliance with Sumitomo Rubber Industries. The terms and conditions of the transaction are consistent with those outlined by Goodyear when the agreement was announced on June 4. The alliance, which was formed in 1999, primarily consisted of four joint venture operating companies, one each in North America and Europe, and two in Japan. Under terms of the agreement, Goodyear retains exclusive rights to sell Dunlop-brand tires in the replacement market and to non-Japanese auto manufacturers in the U.S., Canada and Mexico. Goodyear also retains exclusive rights to sell Dunlop-brand tires in replacement and original equipment markets in European countries where the former joint venture exclusively served the market. Additionally, Goodyear regains exclusive rights to serve Japanese markets with Goodyear-brand tires. The completion of the transaction will resolve the pending arbitration filed in January. The transaction does not impact the company's existing financial targets or capital allocation plan. The company will include the impact of the transaction in its full-year outlook beginning in February 2016.

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