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Author: Zhang Jidan
Goodyear Tire Company announced that in the first quarter of 2007, Goodyear’s sales revenue from continuing operations increased by 1% compared to 2006, reaching US$4.5 billion. Despite the impact of the North American steel workers’ strike in the fourth quarter of last year, Goodyear’s sales in the first quarter of this year still maintained a sustained growth.
The growth in global sales was mainly attributed to the tire business of the three major emerging markets in Goodyear, namely Asia Pacific, Latin America and Eastern Europe, and Middle East and Africa markets. The business in these three markets grew by 11% on the basis of 2006 and both set a record for sales in the quarter. The North American market recovers faster than expected from the impact of steel workers' strikes, and it also supports the overall sales growth.