This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

Sumitomo Rubber do Brasil Ltda has had a presence in Brazil for more than a decade - but manufacturing tyres for trucks only started in 2019.