Goodyear, Sumitomo plan broad tie-up

Article Abstract:

Goodyear Tire & Rubber Co. is expected to announce that it is forming a broad alliance with Sumitomo Rubber Industries Ltd. of Japan. The move will make Goodyear the leading tire manufacturer in the world once again. Under the deal, Sumitomo will give effective control of its operations in the US and Europe to Goodyear. Goodyear will also receive a 10% minority share in Sumitomo. In addition, Goodyear is expected to announce several moves that will reduce production capacity all around the world.

Comment:

Goodyear expected to announce broad alliance with Sumitomo

United States, Japan, Asset sales & divestitures, Alliances, partnerships, RUBBER AND MISC. PLASTICS PRODUCTS, Rubber Products, Rubber Product Manufacturing, Mergers, acquisitions and divestments, Abstract, Rubber industry, GT, Goodyear Tire & Rubber Co., Sumitomo Rubber Industries Ltd.

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For GM in China, tiny is might: Wuling venture plans expansion as sales of small cars surge

Article Abstract:

Sales for China's SAIC GM Wuling Automobile Co. have more than tripled since 2001, totaling almost 460,200 vehicles last year. General Motors Corp., which owns a 34% stake in Wuling, plans to focus on producing smaller cars, influenced by government and environmental regulations.

Production management, Foreign operations, General Motors Corp., GM

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Beiqi Foton and Daimler discuss a truck venture: as equity deal stalls, firms seek fast route to a China alliance

Article Abstract:

China's Beiqi Foton Motor Co. and Germany's Daimler AG are examining a potential joint venture for truck manufacturing, as an equity alliance deal made in January has yet to be approved by authorities. Daimler was originally slated to obtain a 24% stake in Beiqi.

Motor vehicles and car bodies, Strategy & planning, Truck and bus bodies, Planning, Truck industry, Germany, Company business planning, Daimler AG, DAI

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