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Continental AG Progressing on Talks to Acquire Goodyear Unit

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(Akron/Tire Review – AFX) German auto parts supplier Continental AG said it expects to reach a decision soon on whether or not to pursue a purchase of Goodyear’s Engineered Products division.

Gerhard Lerch, Continental board member, made the announcement, and said that negotiations have progressed and that a decision is expected this quarter.

Goodyear said it was considering selling the division two years ago.

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