Goodyear to sell Dunlop brand to Sumitomo Rubber
Tire Maker Goodyear to Sell Dunlop Brand to Japan's Sumitomo Rubber for $701 Million
(Reuters) -Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan's Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its business. The sale covers the Dunlop brand and its trademarks in Europe, North America and Oceania, the company said.
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Goodyear Tire & Rubber Company is a global leader in tire manufacturing, offering a wide range of tires for various vehicles including cars, trucks, buses, motorcycles, and even aircraft.
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