Cooper Tire & Rubber Co., which will be acquired by Goodyear Tire & Rubber Co. later this year, posted full-year 2020 net income of $143 million, up from income of $96 million in 2019.
Goodyear Tire & Rubber Co.'s full-year 2020 net sales totaled $12.3 billion, a 16% decline from 2019 levels. The Akron, Ohio-based tiremaker also suffered a net loss of $1.3 billion for the year versus a loss of $311 million during 2019.
Hankook Tire Co. Ltd. says its third quarter 2020 operating profit increased more than 220% from the second quarter of the year thanks to a rebound in replacement tire sales in North America, China and Europe.
