Goodyear completes sale of OTR tyre business to Yokohama

The Goodyear Tire & Rubber Company has completed the previously announced sale of its off-the-road (OTR) tyre business to The Yokohama Rubber Company Ltd, effective 3 February 2025, in an all-cash transaction valued at $905 million. The two companies’ deal was initially announced on 22 July 2024. For its part, Goodyear intends to use transaction proceeds to reduce leverage and fund initi