Auto News digest.(Hyosung Group to acquire Goodyear Tire and Rubber Co.)(Nissan North America Inc.)(Ford Motor Co.)

Automotive News, September, 2006

Goodyear will sell tire-fabric unit

AKRON, Ohio - Goodyear Tire & Rubber Co. has agreed to sell its global tire-fabric operations to Hyosung Corp. for about $80 million and sign a tire-fabric supply deal with the South Korean company, Reuters reported. The largest U.S. tire maker said it expects to make purchases of about $350 million to $400 million in the first year as part of the multiyear supply agreement.

Nissan will expand engine plant

DECHERD, Tenn. - Nissan North America Inc. says it plans to spend $34.7 million to add aluminum cylinder-block casting operations to its powertrain plant here.

Nissan expects to break ground this fall, with cylinder-block casting slated to begin in the spring of 2008. At full capacity, the plant...

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