Goodyear’s NZ accounts tagged as tyre company’s future relies on latest restructure

Tue, 18 Jun 2013

By Paul McBeth June 18 (BusinessDesk) - Goodyear & Dunlop Tyres (NZ), the local unit of the biggest US tyre maker, posted a third annual loss last year and its accounts were tagged by the auditors as its future viability becomes increasingly reliant on its decision to quit retailing in New Zealand. The tyre company’s annual loss widened to $20.4 million in calendar 2012 from $9.3 million a year earlier, according to financial statements lodged with the Companies Office. Goodyear’s sales plunged 25 percent to $114.8 million and it booked rest...

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