CHICAGO: Goodyear Tire & Rubber Co has posted one of its largest quarterly losses ever due to a tax-related charge but set a goal of returning its troubled North American tyre unit to profitability by year's end.
The world's No. 3 tyre maker, which earlier this week secured a key restructuring agreement with lenders, said it had learned from what it called “self-inflicted” problems in 2002 and knew it must cut costs to become more competitive.
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