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Stock Market & Financial Investment News

News Breaks
February 13, 2014
18:47 EDTGTGoodyear Tire, Sumitomo look to dissolve 15-year partnership, Nikkei reports
Sumitomo Rubber Industries and Goodyear Tire & Rubber are seeking to dissolve a 15-year partnership due to rising emerging markets and intense price competition, according to Nikkei.Reference Link
News For GT From The Last 14 Days
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April 29, 2015
08:18 EDTGTGoodyear Tire backs 2015-2016 segment operating income growth 10%-15%
Backs annual positive free cash flow from operations for 2015-2016. Backs adjusted debt to EBITDAP ratio of 2.0x to 2.1x.
08:18 EDTGTGoodyear Tire reports Q1 North America sales $1.86B
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08:17 EDTGTGoodyear Tire reports Q1 unit volumes totaled 40.8M
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08:17 EDTGTGoodyear Tire reports Q1 adjusted EPS 54c, consensus 44c
Reports Q1 revenue $4.02B, consensus $4.09B
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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