Goodyear Tire 2nd Q Earnings Drop 90% Despite Replacing 50% Of 2M Firestone Tires

Background
Ford Motor Com­pa­ny recalled 13M Fire­stone Wilder­ness AT tires in May
Opened up con­sumer replace­ment mar­ket for Fire­stone rivals look­ing to gain mar­ket share
Goodyear raised pro­duc­tion in late May at 7-major N Amer­i­can plants to meet surge in demand at 5,000 retail out­lets
Goodyear Tire & Rub­ber Co is largest US tire­mak­er




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