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February 10, 2011

US: Goodyear books net loss again

Tyre maker Goodyear booked a 2010 net loss of US$216m compared to $375m in red ink in 2009.

Tyre maker Goodyear booked a 2010 net loss of US$216m compared to $375m in red ink in 2009.

Sales rose 16% to $18.8bn, due partly to an 8% improvement in tyre unit volume.

Operating income of $917m was up from $372m in 2009 as improved price/mix of $689m offset $685m in higher raw material costs.

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