Goodyear permanently ceases Venezuela operations | WHAT REALLY HAPPENED


Goodyear permanently ceases Venezuela operations

Goodyear Tire & Rubber Co (GT.O) is halting operations in Venezuela because of dire economic conditions and U.S. sanctions, the company said on Monday, part of an exodus of foreign corporations from the country.

“Goodyear-Venezuela has made the difficult decision to stop producing tires,” the firm said in a statement. “Our goal had been to maintain its operations, but economic conditions and U.S. sanctions have made this impossible.”

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