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Goodyear is on the right track, Kramer says

During a conference call to discuss Goodyear Tire & Rubber Co.’s second quarter financial results (see “Goodyear: a record $5.6 billion in quarterly sales”), Chairman, CEO and President Richard Kramer said while the company is pleased with its level of earnings (a net income of $47 million on net sales of $5.6 billion), it realizes that it is not sustainable.

Goodyear's first-half sales increase 18%

Goodyear Tire & Rubber Co. reported second quarter 2010 sales were $4.5 billion, up 15% from the 2009 quarter. Segment operating income was $219 million, up from $24 million in the year-ago quarter.