Goodyear Posts Third-Straight Annual Loss

Goodyear Tire & Rubber GT, North America's largest tire maker, posted losses in the forth quarter and for the year. This marks the third-straight annual loss. To stave off further deterioration, the company is closing its Tennessee plant. In 2009, union negotiations left the plant unprotected, meaning that it could be closed at the company's discretion. The plant closing makes fourth-quarter results a bit confusing. Continue reading the article.