Goodyear Finalizes $905 Million Sale of Off-The-Road Tire Division to Yokohama
Monday, 22 July 2024, 07:01
Overview of the Sale
Goodyear has formally announced the sale of its Off-The-Road (OTR) tire business, marking a pivotal shift in its business strategy.
Details of the Transaction
- Sale value: $905 million
- Purchaser: Yokohama
- Focus on core operations for Goodyear
Implications of the Deal
This transaction is expected to allow Goodyear to concentrate on its primary business while enhancing Yokohama’s influence in the OTR market. The move highlights the ongoing transformation in the tire industry and sets the stage for potential future developments.
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