Cooper and Fate Sign Letter of Intent

Cooper Tire & Rubber Co., a $3.4 billion global tire design, manufacturing and marketing company, and Fate S.A.I.C.I., the leading Argentine tire manufacturer and a global exporter, have signed a letter of intent (LOI) to work together.


Some tariff rates are changing — again!

Tariffs on passenger and light truck tires imported from China are final, but with yet another twist. The U.S. Department of Commerce (DOC) has amended some of the rates — again — affecting more than 60 manufacturers.

Cooper is working to extend its reach into the growing tire market in China with its first retail stores in six cities by the end of 2015.

Cooper opens retail centers in China

Cooper Tire & Rubber Co. is working to make its brand known in China, and its latest venture is a set of retail stores developed in partnership with existing tire dealers. The fourth Cooper Superfeel Center opened in July, and two more are to open by the end of 2015.

Brad Hughes has been named senior vice president and chief operating officer at Cooper.

Cooper announces leadership changes

Cooper Tire & Rubber Co. has named Brad Hughes to the newly created position of senior vice president and chief operating officer and Phil Kortokrax as vice president of its North America tire operations. Both appointments are effective immediately.


Timing of CCT sale is "opportunistic" for Cooper

By 2015 Cooper Tire & Rubber Co. hopes to know how it will replace the truck and bus tires currently made at the Chengshan (Shandong) Tire Co. Ltd. (CCT) plant in China. Last week Cooper announced it finalized the sale of its share of the plant, though production of Cooper-branded tires will continue there through mid-2018.


Cooper has a plan for ownership of Chinese plant

Cooper Tire and Rubber Co. has reached an agreement with its Chinese partner and the labor union representing its Chinese employees to resume regular financial reporting and determine the future ownership of its Chinese plant.


Cooper will pursue damages against Apollo

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, including whether litigation could have been avoided if the price per share had been reduced.

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