fbpx
Connect with us

Cooper Placed on Credit Watch

(Akron/Tire Review) Standard & Poor’s put Cooper Tire & Rubber Co. on credit watch yesterday, after the company reported a 2005 net loss of $9 million.

Advertisement

Standard & Poor’s said the move was due to concerns Cooper’s future financial results will not meet expectations.

Advertisement

The credit rating agency said it expects Cooper to have improved manufacturing efficiencies and increased sales in 2006, but does not think that will strengthen its overall operating results.

Advertisement
Click to comment

POPULAR POSTS

TPMS-Light-1400 TPMS-Light-1400

TPMS

Tips for Turning Off the TPMS Light

Michelin-Enviro-Tire Michelin-Enviro-Tire

Tires

Michelin’s Enviro System Unveils Tire with 58% Sustainable Materials

Conti-extremecontact-02-closeup Conti-extremecontact-02-closeup

Tires

Continental Debuts Enthusiast-Driven ExtremeContact Sport 02

Tires

Cooper Unveils Largest Tire in its Discoverer Rugged Trek Line

Connect
Tire Review Magazine