Connect with us

Business

Goodyear Tire CEO says company has enough supply to blunt looming rubber shortage – CNBC

Goodyear Tire & Rubber CEO Rich Kramer dismissed concerns that a looming rubber shortage could negatively impact business.

Published

on

Article feature image
ADVERTISEMENT

Goodyear Tire & Rubber CEO Rich Kramer told CNBC Tuesday that he doesn’t expect a looming shortage in rubber to hurt the tire manufacturer.
Concerns over a low supply of rubber, made from rubber trees mostly grown in Southeast Asia, is the latest problem facing automakers already struggling with a lack of semiconductors.
When asked if the company has enough of the material to produce tires for cars, Kramer said, “short answer is: We do.”
“Essentially what you see happening is either speculation…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Doge was developed as a joke; it’s not a serious blockchain: Bitwise Asset Management CIO – Yahoo Finance
Article feature image
Why McDonald’s minimum wage hike is surprisingly good news for the stock – Yahoo Finance
Article feature image
Nearly 1 in 5 college grads expect to earn $85,000 in their first job this year – CNBC