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
Cooper Tire & Rubber Co. will sell its 65% ownership in Cooper Chengshan (Shandong) Tire Co. Ltd (CCT) to Chengshan Group Co. Ltd. for approximately $262 million. “Resolving the ownership of CCT has been a key goal for us, and we ...
Tags: Cooper Tire, Cooper-branded products, Auto
Cooper Tire & Rubber Co. posted net income of $47.7 million on net sales of $920.1 million for the third quarter ended Sept. 30, 2014. That compares to a net loss of $168 million on sales of 832.4 million for the same period last year. ...
Tags: Cooper Tire, Auto Tire
U.S. Sens. Rob Portman and Sherrod Brown and Reps. Bob Latta and Jim Jordan sent a letter to Secretary of State John Kerry, Secretary of Commerce Penny Pritzker and U.S. Trade Representative Ambassador Mike Froman urging government ...
Tags: Auto Parts, Accessories
Cooper Tire & Rubber Co. has notified the U.S. Securities and Exchange Commission (SEC) that its third-quarter earnings report will be delayed. The company blamed the delay on a dispute with its Chinese joint venture partner in its Nov. 12, ...