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Goodyear announced plans to sell the assets of its Latin American off-road tire business to Titan Tire for $98.6 million, including the plant in São Paulo, Brazil and a licensing agreement that allows Titan to continue manufacturing under the Goodyear brand. This deal is similar to Titan's 2005 purchase of Goodyear's US farm tire assets.
In April 1997, Goodyear officially became the exclusive tire supplier of NASCAR; this deal was subsequently extended until 2022, which theoretically would prevent another tire war. But in late 2006, when Goodyear workers went on strike, NASCAR once again approached Hoosier and proposed a backup plan for the 2007 season. That plan fell through ...
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