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Goodyear Tire (GT) Stock Slipping Following Two Notch Downgrade
2015-06-10 17:05:10| Industrial Machines - Topix.net
CLSA analysts also lowered their price target to $33 from $34, saying recent tailwinds from natural rubber and oil prices could turn, leaving it exposed to lower tire prices. Akron, Ohio-based Goodyear Tire & Rubber Co is engaged in the development, manufacturing, distribution and sale of tires and related products and services worldwide.
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tire
notch
slipping
French court orders Goodyear to stop stripping factory
2015-06-08 18:35:26| Industrial Machines - Topix.net
A French court has ordered US tyre company Goodyear to stop dismantling its former factory in the northern town of Amiens, which a group of ex-employees wants to take over, a union lawyer said Monday. The court in Amiens "has suspended the dismantlement of the factory for three months," said Fiodor Rilov, a lawyer for the CGT trade union which is supporting the effort to resurrect production at the site which had employed 1,173 people.
Tags: stop
french
orders
court
Goodyear Dunlop Tonawanda plant returning to former owner in $271M deal
2015-06-04 23:15:30| Industrial Machines - Topix.net
Sumitomo Rubber Industries Ltd. will reacquire the Goodyear Dunlop Tires North America Ltd. plant in Tonawanda as part of a $271 million transaction that dissolves a joint venture agreement between the entities. The deal, announced Thursday, will have Goodyear pay SRI $271 million with SRI taking full ownership of the joint venture's tire plant in Tonawanda.
Tags: owner
deal
plant
returning
Two Goodyear airships now in Akron area; California blimp to be retired in August
2015-06-02 05:21:47| Industrial Machines - Topix.net
Goodyear is retiring the Spirit of America blimp in August. The blimp, christened in 2002 and stationed in Carson, Calif., is now on a farewell tour along the West Coast.
Tags: in
area
august
california
Citigroup Inc. Increases Goodyear Tire & Rubber Co Price Target to $34.00
2015-05-25 11:57:38| Industrial Machines - Topix.net
The firm currently has a "buy" rating on the stock. Citigroup Inc.'s price objective would indicate a potential upside of 7.12% from the stock's previous close.
Tags: to
price
target
increases
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