More accounting troubles at Goodyear

Goodyear Tire & Rubber Co. has revealed that its accounting troubles are ongoing. Goodyear said after the close of regular stock trading that an internal investigation has identified possible improper accounting issues in Europe.

The company said an amended filing it expected to submit to the Securities and Exchange Commission detailing its finances will be delayed until next year so that it can complete a review of its accounting. The United Steelworkers of America (USWA) announced today it will closely monitor the circumstances surrounding Goodyear Tire and Rubber Company’s announcement that it will be necessary to delay the filing of its 2002 Form 10-K/A with the U.S.

Securities and Exchange Commission. “We are hopeful that the problems in Europe are not significant,” stated USWA International vice president Andrew V. Palm.