Goodyear Achieves Record Sales in Third Quarter
The Goodyear Tire & Rubber Company today reported third quarter sales of $5.3 billion, a record for any quarter and a 6 per cent improvement compared to the year-ago period excluding the impact of businesses divested in 2005, and despite the strategic decision to exit certain segments of the private label tyre business in North America.
Third quarter 2006 sales were driven by improved pricing and product mix, particularly in North American Tire, and the favourable impact of currency translation, estimated at $77 million. All five of the company’s tyre businesses achieved sales that were a record for any quarter.