Market Overview

Goodyear Acquires Nippon Giant Tire Unit

The Goodyear Tire & Rubber Company (NYSE: GT) today demonstrated its commitment to its global Off-The-Road (OTR) tire business by announcing a major expansion in Japan.

The company has acquired 100 percent ownership of its Nippon Giant Tire (NGT) subsidiary in Tatsuno, Japan.  Goodyear, the majority shareholder of NGT since 1985, has purchased the shares owned by its joint venture partners, Toyo Tire & Rubber Co., Ltd. and Mitsubishi Corporation, for an undisclosed amount.

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