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Goodyear (GT) extends 'Goodyear Forward' turnaround plan after missing key financial targets, reporting $453M net loss in H1 and over $7B debt
The company's operating margin was only 1.6% in the first half of the year. Goodyear plans to cut capital expenditures to $725 million this year from roughly $1 billion annually in 2024-2025 combined, prioritizing debt paydown and refinancing amid challenges like tariffs and rising raw material costs.
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Source：Yahoo财经 · Source Link
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