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AKRON, Ohio (AP) - Goodyear Tire & Rubber Co., the world's biggest tire maker, has cut back production at its North American plants by 30 percent due to Hurricane Rita's disruption of the raw materials supply. Its shares sank 5 percent in afternoon trading.
The company is assessing the impact that higher production, raw material and transportation costs will have on financial results in the third and fourth quarters.
The disruption affects nine plants in the United States and three in Canada. Goodyear has 34 tire plants worldwide.
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