Tag: Goodyear cuts 2020 forecast as raw material costs rise

Goodyear cuts 2020 forecast as raw material costs rise

Goodyear Tire & Rubber Co recently cut its 2020 forecast for combined earnings of its three units amid higher prices for raw materials, overshadowing better-than-expected quarterly profit and revenue. About two-thirds of Goodyear’s raw materials are oil-based derivatives and the…