Goodyear reports lower sales for second quarter
Goodyear reports that second quarter sales decreased 6.6% compared to prior year, driven by lower volume and the impact of foreign exchange, partly offset by strong price/mix. Revenue per tire increased 6% excluding the impact of foreign exchange. Tire unit volume in the quarter totaled 40.8 million units, down 10.7% from prior year levels. The stronger U.S. dollar reduced sales by approximately 2%.
Read More