Goodyear (GT) is acquiring full ownership of its Japan-based Nippon Giant Tire (NGT) subsidiary,...

|About: Goodyear Tire & Rubber Co. (GT)|By:, SA News Editor

Goodyear (GT) is acquiring full ownership of its Japan-based Nippon Giant Tire (NGT) subsidiary, buying out the minority stakes held by Toyo Tire & Rubber and Mitsubishi for an undisclosed sum. Goodyear adds it will invest $250M in NGT, which makes off-road tires, to upgrade and expand its manufacturing facility.