You are here: / / / Goodyear charged, fined $16 million over African bribes

Goodyear charged, fined $16 million over African bribes

Author: Tyrepress Editors Comments: 0
Goodyear has agreed to pay $16 million to settle the SEC's charges

On 24 February, the United States Securities and Exchange Commission (SEC) charged Goodyear Tire & Rubber Company with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries paid bribes in order to secure tyre sales in Kenya and Angola. Goodyear has agreed to pay more than US$16 million to settle the SEC’s charges.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. For Every Season: Goodyear’s “Vector 5″/”Eagle Vector (EV-2)”
  2. TAFF Awards Best Industry Advertising Campaign – Continental
  3. Goodyear to pay Sumitomo US$271 million to end global joint venture
  4. Astronomical salaries – merely paid or actually earned?
Comments
Comments closed
Share this entry
Agreement on Genan’s future now in place Uniwheels to increase alloy wheel capacity with 3rd Polish plant

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.