Goodyear wants half of capacity to be low-cost

July 26, 2007

"Our strategy is to have half of our manufacturing capacity in low-cost (facilities) within the next five years," Goodyear Tire & Rubber Co. Chairman, CEO and President Bob Keegan told investors today, July 26, during a conference call.

At the same time, Keegan said Goodyear plans to increase its "high-value-added" production capacity by 40%.