<div id="readability-page-1">Major plant closure: Goodyear will close its Fayetteville, NC, plant, eliminating 1,700 jobs due to rising costs from tariffs and the Iran war. Economic headwinds: The company reported a $249 million loss in Q1, with inflation and tariffs projected to cause $420 million in annual headwinds. Sector resilience: Despite such setbacks, U.S. manufacturing output rose 0.6% in April, driven by strong motor vehicle production.</div>

<p>Goodyear will close its Fayetteville, NC plant, resulting in 1,700 job losses due to rising costs from tariffs and the Iran war. The company reported a $249 million loss in Q1, with inflation and tariffs expected to create $420 million in annual challenges. However, U.S. manufacturing output increased by 0.6% in April, supported by strong motor vehicle production.</p>

Goodyear to close NC plant as tariffs, war bite