Global 500 rank: 348 (Previous rank: 327)
2006 loss: $330 million
Get quote: GT
The tire maker took a hit as raw material prices soared last year, led by a doubling of the price of rubber. The company suffered too from a late 2006 steelworkers strike that cost it more than $360 million and lowered tire sales by 11 million units worldwide. CEO Robert Keegan has also vowed to cut costs this year by more than the $1 billion previously targeted.
See more Global 500 data for Goodyear Tire & Rubber
Goodyear Tire & Rubber
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