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Posted AT 9:11 AM EST on 26/06/08

Goodyear raises investment, savings plans

NEW YORK

Reuters — � Goodyear Tire & Rubber Co., said Thursday it would spend up to $1.3-billion (U.S.) on global development and raised its savings target as it navigates a tough economic environment. The largest U.S. tire maker, which does not provide sales or profit forecasts, raised its savings target more than 11 per cent to more than $2-billion by 2009.

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