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Reading: Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal (NASDAQ:GT)

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Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal (NASDAQ:GT)

Last updated: January 8, 2025 3:31 am

By MT HANNACH

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Decline in auto production hurts Goodyear — Justin Sullivan/Getty Images News

Goodyear tires and rubber (NASDAQ:GT) said it on Tuesday agreed to sell its Dunlop tire brand to Japanese Sumitomo Rubber Industries for $701 million in cash.

Under the terms of the agreement, Goodyear (GT) said it would continue to manufacture, sell and distribute Dunlop