Ending a difficult year, Goodyear showed areas of loss and areas of increasing growth, with total year sales down 16% and tyre unit volumes down 19%. However, whilst the segment operating sector for the whole year reduced by $14 million, it rose substantially during the last quarter, showing room for optimism.
How Goodyear Fared in 2020
Releasing all their results for the year, Goodyear’s fourth quarter 2020 sales were $3.7 billion, down 2% from a year ago, which they attribute to lower volume and unfavourable foreign currency translation, whilst these negatives were balanced by impr...
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