WOLVERHAMPTON, England (Oct. 7)—Goodyear G.B. Ltd. has sold its Wolverhampton manufacturing site to St. Mowden Developments Ltd. and signed a renewable 10-year rental deal with the property development firm. The deal enables Goodyear to release value from the site while securing on-going production, according to James Fraser, finance director, Goodyear-Dunlop Operations. Terms of the sale were not disclosed. The arrangement "will have no effect on day-to-day manufacturing operations at Wolverhampton," he said in a prepared statement. Goodyear has halved production and employment at Wolverhampton over the last two years, and recently transferred its sales and administration activities to a new head office in Birmingham, England.