The Goodyear Tyre & Rubber Company has reported a third quarter net loss of $48m (27 cents per share), including $126m in after-tax restructuring charges.

Of those, $107m is related to the previously announced plan to close the Tyler, Texas, tyre plant.

The results also reflected higher raw material costs of $249m, offset partially by $225m of improved price/mix, and lower tyre volume.

During the period, the company also recorded an after-tax gain of $10m from a supplier settlement, and after-tax expenses of $7m related to accelerated depreciation primarily for a previously announced plant closure in New Zealand.

Net income in the 2005 quarter was $142m (70 cents per share).

Sales were a quarterly record $5.3bn and a 6% improvement year on year.

Third quarter total segment operating income was $313m, a decrease of 5%.

Net income for the first nine months of 2006 was $28m (16 cents per share) compared to $279m ($1.39 per share) a year ago.

Sales for the first nine months of 2006 were a record $15.3bn, an increase of 3%

Segment operating income was $891m, compared to $938m.