Goodyear’s German factory closures will cost ~$600 million, save $120 million yearly by 2027
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Goodyear has confirmed that ending tyre production at its Fulda and Fürstenwalde factories in Germany will be recorded as a charge of “between $575 million and $600 million”. Of that, $425 million to $450 million is “primarily for associate-related costs and other exit costs”. The remainder represents “non-cash charges of approximately $150 million” related to “…accelerated depreciation”.
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