Positive Signs For Goodyear?

In discussions with analysts from the DB Group, Goodyear management expressed optimism that it might achieve a larger slice of OE business from the Detroit car manufacturers, at the expense of Firestone. Goodyear said it had received an order from Ford for 1.8 million tyres and is hoping for another big order from General Motors.

Spokesmen from Goodyear said that they would resist Chrysler’s request for price reductions in order to overcome the difficult situation at Chrysler. At the end of January, many contracts between Firestone and its dealers expire and Goodyear is confident of winning over many of these dealers. On the other hand, Goodyear admits that the medium and heavy truck business will remain difficult during 2001.