real-time news and commentary for investors
Friday, Dec 9
2011, 5:27 PM
Goodyear Tire (GT) warns of a potential global shortage of aviation tires that could begin...
Goodyear Tire (GT) warns of a potential global shortage of aviation tires that could begin affecting the commercial airline industry by early 2012. The situation is a result of the catastrophic flood in Thailand in October that disabled many manufacturing operations in that country, including Goodyear's main aviation tire manufacturing facility in Bangkok. In response, the company has increased production in its other facilities to meet demand.