Goodyear Tire & Rubber (GT) finalized the asset sale portion of its Goodyear Forward transformation program with the divestiture of the majority of its polymer chemical business on October 31, 2025. The transaction involved selling chemical plants and an R&D facility for a total purchase price of \(650 million, yielding approximately \)580 million in cash proceeds at closing. Total gross proceeds from divestitures under Goodyear Forward now approach $2.2 billion, which Goodyear intends to use primarily for debt reduction and funding further transformation initiatives. Ancillary agreements includ
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