US based Cooper Tire is looking to move its production out of China following the sale of stake in a joint venture with Chengshan Group. Previously the dispute at the joint venture, Cooper Chengshan Tire Company in eastern Shandong, China ...
Tags: joint venture, Cooper Tire, Auto
Apollo Tyres Ltd. posted net income of nearly 2.6 billion rupees on net sales of 33 billion rupees for its second quarter ended Sept. 30, 2014. That compares to income of 2.2 billion rupees on sales of 34.3 billion rupees for the same ...
Tags: Apollo, Auto Parts
Dr. Seshu Bhagavathula's core areas of professional expertise have been in research and development, innovation and strategic analysis. Apollo Tyres Ltd. has appointed Dr. Seshu Bhagavathula chief technology officer (CTO). He will ...
Tags: Apollo, Chief Technology Officer, Auto Parts
Apollo Tyres is set to invest $340m to strengthen manufacturing capabilities at its Chennai and Kalamassery, Kerala plants. As part of the expansion project, the company will boost truck and bus radial tyre capacity at Chennai plant to ...
Tags: auto parts, tire, tyre
Cooper Tire & Rubber Co. released its third-quarter 2013 results on February 28. Despite a $168,000 loss attributable to the company, Cooper will report positive net income for the fourth quarter, according to Chairman, CEO and President ...
Tags: Tire, Cooper Tire&Rubber
Apollo Tyres Ltd. announced its R&D team developed the new, variable front spoiler of the recently introduced Porsche 911 turbo and 911 turbo S in an exclusive partnership with Porsche AG. Branded as “Air Masterby Vredestein,” ...
Tags: exclusive partnership, Porsche
Leveraging its three-year, high profile partnership with the Manchester United Football Club in India and the United Kingdom, Apollo Tyres Ltd. has launched a broad corporate advertising campaign. Using television, cinema, print, digital ...
Tags: Auto Parts, Accessories
Cooper Tire & Rubber Co. Cooper Tire & Rubber Co. said it will pursue a $112.5 million "reverse termination fee" after ending its attempt to acquire Apollo Tyres. The $2.5 billion acquisition deal had been in doubt for months after ...
Tags: Cooper, reverse termination fee, Apollo Tyres, acquisition
It is not surprising that tire industry analysts are re-evaluating the stock of Cooper Tire & Rubber Co. following the termination of its "merger agreement" with Apollo Tyres Ltd. on Dec. 30, 2013. Nick Mitchell, senior vice president for ...
Tags: tire, tyre, Auto Parts
Cooper Tire & Rubber Co. has terminated its merger agreement with Apollo Tyres Ltd. And Apollo is not happy about it. "Apollo is disappointed that Cooper has prematurely attempted to terminate our merger agreement," says the company. ...
Tags: tyre, tire, Auto Parts
Cooper Tire & Rubber Co. announced it has terminated the merger agreement with Apollo Tyres Ltd. "It is time to move our business forward," says Cooper CEO and Chairman Roy Armes. "While the strategic rationale for a business ...
Tags: Auto Parts, Accessories, tire, tyre
Cooper Tire & Rubber Co. said it will pursue damages against Apollo Tyres Ltd. in a webcast following the announcement of its decision to terminate the merger agreement. The company answered questions previously submitted by investors, ...
Tags: Auto Parts, tyre, tire
The Delaware Supreme Court has dismissed Cooper Tire & Rubber Co.'s appeal of a lower court's partial ruling on the single issue of whether Apollo Tyres Ltd. used reasonable best efforts to reach an agreement with the United Steelworkers. ...
Tags: tyre, tire, Auto Parts
Apollo Tyres Ltd. has introduced its premium European brand, Vredestein, to India in sizes ranging from 15 to 20 inches. The Vredestein brand primarily caters to luxury coupes, premium luxury sedans and SUVs, with speeds up to 240 to 300 ...
Tags: tire, tyre, auto parts
Apollo Tyres Ltd. has completed the sale of some assets in Africa to Sumitomo Rubber Industries (SRI) for $60 million. The deal allows SRI to acquire Apollo Tyres South Africa (ATSA), including the Ladysmith passenger car tyre plant, and ...
Tags: tyre, tire, Auto Parts