: Goodyear’s stock jumps 5.5% on news of transformation plan that aims to raise more than $2 billion

Goodyear Tire & Rubber Co.’s stock GT jumped 5.5% in premarket trade Wednesday, after the company unveiled a transformation plan that aims to raise more than $2 billion in proceeds from portfolio optimization and to generate a positive benefit of $1.3 billion by the end of 2025. The company also said Chief Executive Richard J. Kramer will retire in 2024 and it has hired an executive search firm to find a successor. “The Review Committee explored all value maximizing opportunities and...