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Goodyear says Dalian investment would take years

Thu Feb 28, 2008 9:16pm IST
 
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CHICAGO, Feb 28 (Reuters) - Goodyear Tire & Rubber Co (GT.N: Quote, Profile, Research) said on Thursday it is considering further investments in Dalian, China, where it has facilities, but said a $1 billion investment over less than several years would be impossible.

Goodyear, the largest U.S. tire maker, was responding to an interview in which Dalian's mayor told Reuters that Goodyear was close to an agreement on a $1 billion plant investment near the city to produce tires for domestic sales and export. (Reporting by David Bailey, editing by Gerald E. McCormick)

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