GT » Topics » Our international operations have certain risks that may materially adversely affect our operating results.

This excerpt taken from the GT 10-K filed Feb 18, 2009.
Our international operations have certain risks that may materially adversely affect our operating results.
 
We have manufacturing and distribution facilities throughout the world. Our international operations are subject to certain inherent risks, including:
 
  •  exposure to local economic conditions;
  •  adverse changes in the diplomatic relations of foreign countries with the United States;
  •  hostility from local populations and insurrections;
  •  adverse currency exchange controls;
  •  withholding taxes and restrictions on the withdrawal of foreign investment and earnings;
  •  labor regulations;
  •  expropriations of property;
  •  the potential instability of foreign governments;
  •  risks of renegotiation or modification of existing agreements with governmental authorities;
  •  export and import restrictions; and
  •  other changes in laws or government policies.
 
The likelihood of such occurrences and their potential effect on us vary from country to country and are unpredictable. Certain regions, including Latin America, Asia, the Middle East and Africa, are inherently more economically and politically volatile and as a result, our business units that operate in these regions could be subject to significant fluctuations in sales and operating income from quarter to quarter. Because a significant percentage of our operating income in recent years has come from these regions, adverse fluctuations in the operating results in these regions could have a disproportionate impact on our results of operations in future periods.
 
This excerpt taken from the GT 10-K filed Feb 14, 2008.
Our international operations have certain risks that may materially adversely affect our operating results.
 
We have manufacturing and distribution facilities throughout the world. Our international operations are subject to certain inherent risks, including:
 
  •  exposure to local economic conditions;
  •  adverse changes in the diplomatic relations of foreign countries with the United States;
  •  hostility from local populations and insurrections;
  •  adverse currency exchange controls;
  •  withholding taxes and restrictions on the withdrawal of foreign investment and earnings;
  •  labor regulations;
  •  expropriations of property;
  •  the potential instability of foreign governments;
  •  risks of renegotiation or modification of existing agreements with governmental authorities;
  •  export and import restrictions; and
  •  other changes in laws or government policies.
 
The likelihood of such occurrences and their potential effect on us vary from country to country and are unpredictable. Certain regions, including Latin America, Asia, the Middle East and Africa, are inherently more economically and politically volatile and as a result, our business units that operate in these regions could be subject to significant fluctuations in sales and operating income from quarter to quarter. Because a significant percentage of our operating income in recent years has come from these regions, adverse fluctuations in the operating results in these regions could have a disproportionate impact on our results of operations in future periods.
 
This excerpt taken from the GT 10-K filed Feb 16, 2007.
Our International operations have certain risks that may materially adversely affect our operating results.
 
Goodyear has manufacturing and distribution facilities throughout the world. The international operations are subject to certain inherent risks, including:
 
  •  exposure to local economic conditions;
  •  adverse changes in the diplomatic relations of foreign countries with the United States;
  •  hostility from local populations and insurrections;
  •  adverse currency exchange controls;
  •  restrictions on the withdrawal of foreign investment and earnings;
  •  withholding taxes and restrictions on the withdrawal of foreign investment and earnings;
  •  labor regulations;
  •  expropriations of property;
  •  the potential instability of foreign governments;
  •  risks of renegotiation or modification of existing agreements with governmental authorities;
  •  export and import restrictions; and
  •  other changes in laws or government policies.
 
The likelihood of such occurrences and their potential effect on Goodyear vary from country to country and are unpredictable. Certain regions, including Latin America and Asia, are inherently more economically and politically volatile and as a result, our business units that operate in these regions could be subject to significant fluctuations in sales and operating income from quarter to quarter. Because a significant percentage of our operating income in


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recent years has come from these regions, adverse fluctuations in the operating results in these regions could have a disproportionate impact on our results of operations in future periods.
 
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