Cooper Results Have Implications on Goodyear

(Clacton, U.K./Tyres & Accessories) Cooper Tire & Rubber Co.’s recent 2005 results may have shown full-year losses, but they also show that the company’s inventories would have been $125.6 million (41%) higher “had they used FIFO instead of LIFO,” according to analysts.

Published: March 7, 2006

The results have implications on the way other tire company’s results are interpreted. “As a result, we would expect a substantial earnings impact (on Goodyear) from raw material cost inflation in the quarters ahead,” Deutsche Bank analysts said.

Meanwhile Standard & Poor’s put Cooper Tire & Rubber Co. on credit watch after the company reported a 2005 net loss of $9 million. Standard & Poor’s said the move was due to concerns Cooper’s future financial results will not meet expectations.

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.

EV tire satisfaction gap widens as wear rates increase, J.D. Power study finds

The J.D. Power study shows that EV owners have similar expectations of tire wear as owners of gas-powered vehicles do.

By Christian Hinton

Published: April 15, 2024

The satisfaction gap with original equipment tires between electric vehicles (EVs) and gas-powered vehicles is widening, as EV owners say their tires are wearing faster, according to the recently released J.D. Power 2024 U.S. Original Equipment Tire Customer Satisfaction Study. J.D. Power said the study shows that EV owners have similar expectations of tire wear as owners of gas-powered vehicles do, despite EV tires naturally wearing faster due to greater vehicle weight and higher torque.