Goodyear in £1.5bn equity downgrade
GOODYEAR is reducing shareholders' equity by $2.4bn (£1.5bn) due to an accounting charge and increased pension liabilities. The company, which is attempting to restructure its loans, has been struggling with higher raw material prices and weak demand.
Most watched Money videos
- Iconic Dodge Charger goes electric as company unveils its Daytona
- Volvo's Polestar releases new innovative 4 digital rearview mirror
- Skoda reveals Skoda Epiq as part of an all-electric car portfolio
- Mini unveil an electrified version of their popular Countryman
- How to invest to beat tax raids and make more of your money
- The new Volkswagen Passat - a long range PHEV that's only available as an estate
- How to invest for income and growth: SAINTS' James Dow
- Tesla unveils new Model 3 Performance - it's the fastest ever!
- Mercedes has finally unveiled its new electric G-Class
- Mini celebrates the release of brand new all-electric car Mini Aceman
- Blue Whale fund manager on the best of the Magnificent 7
- 'Now even better': Nissan Qashqai gets a facelift for 2024 version
- Europe set for June interest rate cut as inflation...
- Shawbrook didn't transfer my cash Isa and paid just 0.1%...
- BUSINESS LIVE: FTSE 100 breaks winning streak; HSBC boss...
- Car makers post a slump in profits amid weak demand for...
- Some three in five motorists feel they have been...
- Why Pret's £4.50 cheddar baguette made me swear never to...
- My new car is the wrong colour. Can I get compensation?...
- Elementis confident of hitting full-year targets after...
- MARKET REPORT: Hargreaves Lansdown cashes in on ISA season
- Hargreaves Lansdown and St James's Place cash-in on Isa...
- Amazon booms on AI bonanza: Tech titan rakes in sales of...
- Haleon to close UK production site with more than 400 job...
- The good, the bad and the ugly of the Magnificent Seven:...
- My 20-year-old granddaughter can't get her hands on money...
- HSBC boss to quit after just five years: Quinn eyes 'rest...
- Duke of Westminster's property company Grosvenor to pay...
- Looking to fix your savings? A two-year deal is my tip,...
- Terrace trainers loved by Rishi Sunak and Keir Starmer...