The Goodyear Tire & Rubber Company (NASDAQ:GT) Q2 2023 Earnings Call Transcript

So absolutely we have to be there. That said, it is an incredibly difficult market, as you say, and as we look at ourselves there Rod and you know this, and you know the actions that we’ve taken over time, we have a footprint tilted towards Western Europe rather than Eastern Europe or other low-cost countries. Our labor costs are higher that got worse with inflation from COVID. We’ve been acting on taking factories out from beyond Philipsburg [indiscernible] and I can go back in time. We will continue to do those things and we’ll continue to right-size the business where we can make sure that the advantages that we have around our technology are coming to the bottom line. But when you look at a slow economy, you look at the volume coming out and you look at the high-cost footprint, we have there that’s what we’re struggling against.

We recognize it and we’re going to continue to put the actions in place as we referred to last time, and I think you’ll see more to come sooner than later.

Rod Lache: Okay, all right, thank you.

Richard Kramer: Thank you, Rod.

Operator: And this does conclude our Q&A session, as well as our conference call. Thank you all for your participation and you may disconnect at any time.