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Goodyear profit jumps 51 pct as strong U.S. auto sales boost tire demand

Oct 29 (Reuters) – Goodyear Tire & Rubber Co, the biggest U.S. tire maker, reported a 51 percent rise in quarterly profit as demand for its tires rose due to strong U.S. vehicle sales.

Net income available to common shareholders rose to $166 million, or 62 cents per share, in the third quarter ended Sept. 30 from $110 million, or 41 cents per share, a year earlier.

Source: Reuters

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