Goodyear sells Dunlop brand to Sumitomo Rubber for $701 million (NASDAQ:GT)


Decline in car production hurts Goodyear

Justin Sullivan/Getty Images News

Goodyear Tires and Rubber (NASDAQ:GT) said on Tuesday agreed to sell its Dunlop tire brand to Japan's Sumitomo Rubber Industries for $701 million in cash.

Under the terms of the contract, Goodyear (GT) said it would continue to manufacture, sell and distribute Dunlop



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