Global tyre giant
Thursday 04 February 1999
GOODYEAR, the US tyre giant, yesterday merged its worldwide operations with Sumitomo Rubber of Japan creating the world's largest tyre maker with sales of $15.5bn (pounds 9.6bn).
The US company will be the dominant partner and will control the European and US businesses of the enlarged group after paying $936m to Sumitomo. The link will lead to 2,600 job losses in Goodyear's US workforce.
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