Thursday, 11 August 2011 20:33

Goodyear: High End Tire Sales Helping Offset Costs

Written by  Mike Ward
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Better sales of high-end tires are boding well for Akron's Goodyear.

At a Detroit auto conference Thursday, Goodyear chief financial officer Darren Wells pointed out that the "price mix" of more specialty tire sales could help the company reach a very important milestone in the coming third quarter.

"We're feeling very good, I think we feel confident that for the third quarter," Wells told the conference, "we'll be able to fully offset raw material cost increases with price mix."

Wells says high-end tires like "FuelMax" are selling well at dealers, with many having to reorder more often.

He says despite the rise in raw material costs - costs increasing by nearly $600 million dollars in the third quarter, the company is "feeling good" about its ability to overcome those costs.

Wells says the company's outlook is good in the next couple of years, as well.

Mike Ward

Mike Ward

Mike Ward has been a radio news reporter and anchor for over 20 years, for a variety of stations in Ohio, Virginia, and California. For seven years, he was a news reporter and anchor for Sacramento's top-rated news/talk station, KFBK, and was also news director for WFIR in Roanoke, Virginia.  He's also been heard on Cleveland stations. Mike has a special interest in technology, and was a regular on the nationally syndicated radio show "On Computers with Gina Smith". Despite his out-of-area experience, Mike is an Akron native. He was born at Akron City Hospital, and grew up in Cuyahoga Falls. He's been with AkronNewsNow since 2009. You can  reach Mike through the newsroom at 330-864-6397, or by email mward@rcrg.net.





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