AKRON (Aug. 4) — Goodyear began marketing its Engineered Products business unit to potential buyers in the second quarter, though executives expect the sale to take "considerable" time.
In a conference call with analysts, Chairman and CEO Robert Keegan said he expects a long selling process because of the size and complexity of the business.
"We are still in the early stages of the process," he said.
In the second quarter, Engineered Products´ sales fell 5 percent to $427 million as segment operating income rose 10 percent to $30 million.