Ostander Leaving, Cooper Taps Hughes and Kortokrax to Lead
With the pending departure of Chris Ostrander, president of Americas Tire Operations, Cooper Tire & Rubber Co. has made two top-level executive appointments, both effective immediately. Brad Hughes, 52, was named to the newly created position of senior vice president and COO, with responsibility for Cooper’s worldwide operations. He joined Cooper in 2009 as CFO,
Cooper Earns Best Buy Distinction
Consumers Digest selected Cooper Tire & Rubber Co.’s Zeon RS3-A UHP tire as a “Best Buy.” This is the second time Cooper’s Zeon RS3-A has earned a “Best Buy” distinction from the magazine. Editors for Consumer Digest selected the Zeon RS3-A for a repeat Best Buy distinction because “it delivers the best braking and wet
CS5 Receives Award
Cooper Tire & Rubber Co.’s CS5 Touring tire has earned a 2014 Good Design Award from the Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. The CS5 was selected from several thousands of entries from more than 47 countries, according to Cooper. “Earning the Good
Commerce Department Lowers Tariff Rates
The U.S. Department of Commerce amended its countervailing duty rates for passenger vehicle and light truck tire from China to correct ministerial errors, according to reports. The errors occurred when the department included Giti Tire Fujian Co. Ltd. and Cooper Kunshan China Tire Co. Ltd. in its weighted average calculation. With the corrections, Cooper Kunshan
100 Years of Cooper Tire & Rubber Co.
The tire industry – and the world – was vastly different a century ago, when Cooper Tire & Rubber Co. got its start. The automotive industry was still quite young in 1914, when brothers-in-law John F. Schaefer and Claude E. Hart purchased M and M Manufacturing Co. in Akron, which produced tire patches, cement and
NY Tire Shop Celebrates 75 Years With Cooper
Sloat Tire Shop in Batavia, N.Y., is celebrating a milestone this year. The tire business, which opened its doors in 1927, is in its 75th year as a Cooper dealer. This year also marks Cooper Tire & Rubber Co.’s 100-year anniversary. The four-generation family business is believed to be one of the oldest family-owned tire
Update: Cooper Drops Lawsuit Against Apollo
On Dec. 16, Cooper Tire & Rubber Co. agreed to drop a lawsuit filed in the Delaware state court that sought to extract a $112 million breakup fee from Apollo Tyres Ltd. Apollo also agreed to drop its counterclaims. “Each party shall bear its own costs and fees,” said the dismissal notice, approved by Delaware
Sorting Through the Rubble of the Apollo-Cooper Break-up
Dec. 31…twenty-eight days from this writing…will be the one-year anniversary of the epic and tragic Cooper-Apollo Break-up. And even as they began the process of unwinding a $2.5 billion arranged marriage, they continued to profess their love publicly (well, sort of) while their respective legal teams rolled up their sleeves and continued the unseen liquidation
Chinese Duties Now Effective
Effective Dec.1, importers of passenger and light truck tires from China are required to pay the 15.69% countervailing duties, according to the Commerce Department’s notice in the Federal Register. The new duty is retroactive 90-days from the publication date of the Federal Register. Three companies have been singled out by the Commerce Department to pay
Cooper Announces New CFO
Cooper Tire & Rubber Co.’s board of directors has elected Ginger M. Jones as vice president and chief financial officer. Effective Dec. 3, Jones takes over for Brad Hughes, who in July was named president of Cooper’s international operations. “We are pleased to welcome Ginger to our leadership team,” said Roy Armes, Cooper chairman, CEO
Cooper Closes on Sale to CCT Joint Venture
Cooper Tire & Rubber Co. today has closed on the sale of its 65% ownership in Cooper Chengshan (Shandong) Tire Co. (CCT) plant to Chengshan Group Co. for approximately $262 million. “With the closing, offtake agreements go into effect under which CCT will continue to produce Cooper-branded products, including Roadmaster tires, through mid-2018,” said Roy
Tiremakers Ranked in LGBT Inclusion Assessment
The Human Rights Campaign (HRC) released its 2015 Corporate Equality Index, an annual report assessing LGBT (lesbian, gay, bisexual, and transgender) inclusion in major companies and law firms across the nation. The report included three major tire companies this year: Bridgestone Americas, Cooper Tire & Rubber Co. and Goodyear Tire & Rubber Co. In the
