Goodyear´s Engineered Products sale process started
Akron, Ohio -- Goodyear began marketing its Engineered Products
business unit to potential buyers in the second quarter, though
executives expect the sale to take "considerable" time.
In a conference call with analysts,
Chairman and CEO Robert Keegan said he expects a long selling process
because of the size and complexity of the business.
"We are still in the early stages of the process," he said.
In the second quarter, Engineered
Products´ sales fell 5 percent to $427 million as segment operating
income rose 10 percent to $30 million.
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