Cooper Tire recalls CS5 Grand Touring and Mastercraft LSR Grand Touring tires

Cooper Tire & Rubber is recalling 11,957 Cooper CS5 Grand Touring 225/55R17 and Mastercraft LSR Grand Touring 225/55R17 tires with DOT codes 2920 through 0121.

The tires may have low tread gauge in the shoulder slot area which could cause tread separation and sidewall failure.

Read the source article at ConsumerAffairs.com

Goodyear to Acquire Cooper Tire

Goodyear Tire & Rubber Co will acquire Cooper Tire & Rubber Company for approximately $2.8 billion to double its presence in North America and China. Goodyear said the deal also broadens the distribution for Cooper replacement tires through its retail store network.

Under the terms of the deal, Cooper shareholders will receive $41.75 per share in cash and a fixed exchange ratio of 0.907 shares of Goodyear common stock. The implied cash and stock consideration for Cooper shareholders is $54.36 per share, representing a premium of 24% to its closing price on February 19.

Watch a message from Goodyear Chairman, Chief Executive Officer and President Rich Kramer

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Source: Goodyear

Read the source article at Goodyear/Cooper Tire Transaction Facts

Groundbreaking Held for Cooper Tire’s New Distribution Center

FINDLAY, Ohio, Aug. 18, 2020 – Earlier today, a groundbreaking ceremony was held at the site of a new 1-million-square-foot regional distribution center that will be opened by Cooper Tire in Whiteland, Ind. The facility, which will replace Cooper’s Franklin, Ind. distribution center located just minutes from the new site, is expected to open in early 2021.

 

Read the source article at coopertire.com

Cooper completes acquisition of Mexico joint venture plant

Cooper Tire & Rubber Company has completed the acquisition its Mexico joint venture tyre manufacturing facility, Corporación de Occidente S. A. de C.V. (COOCSA). The agreement to increase its shareholding from 58 to 100 per cent was announced on 1 November 2019.

Read the source article at Tyrepress

Cooper Tire helps young drivers prepare for safe winter driving

Cooper Tire’s Tread Wisely Program, is offering tips to help young drivers stay safe on the road this winter.

“Winter weather can require extra attention and quick response when driving, and the cold temperatures can also impact tire care,” said Bill Geaman, Cooper’s Manager of Consumer Relations. “Outside temperatures can impact tire pressure by one pound per square inch (psi) for every 10-degree drop in temperature.

Read the source article at Traction News

Cooper, Goodyear nab top spots in NPD’s ‘aftermarket performance’ awards

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LAS VEGAS — Cooper Tire & Rubber Co. and Goodyear are winners in the inaugural “Aftermarket Performance Awards” created by NPD Group Inc. and revealed at the Automotive Aftermarket Products Expo in Las Vegas.

Read the source article at Tire Business

Cooper Tire announce plans to own 100% of Mexico tire facility

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Cooper Tire announced it plans to increase ownership in its Mexico joint venture tire manufacturing facility, Corporación de Occidente S.A. de C.V. (COOCSA), from 58 percent to 100 percent.

Trabajadores Democraticos de Occidente S.C. de R.L. de C.V. (TRADOC), which owns 42 percent of the joint venture, have entered into a definitive agreement under which Cooper Tire will purchase TRADOC’s stake in COOCSA.

Read the source article at Traction News

Cooper Tire Unveils Discoverer EnduraMax Tire at SEMA Show

Cooper Tire introduced its latest all-season SUV tire Nov. 5 in booth #43019 at the Specialty Equipment Market Association (SEMA) Show in Las Vegas.

Cooper says the new Discoverer EnduraMax tire leverages advanced technology from Cooper’s off-road tires into all-season tires made for small and midsize SUVs.

Read the source article at Tire Review

Cooper Tire Tread Wisely Program Offers Tips for National Preparedness Month

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Cooper Tire’s Tread Wisely program is encouraging young drivers to always have an emergency kit available before taking to the road during National Preparedness Month, which lasts for the month of September.

The Tread Wisely program offers a series of how-to videos, including a video that provides step-by-step instructions for packing a car emergency kit, on the Tread Wisely app and at www.treadwisely.org. The top 10 items to include in a car emergency kit are:

Read the source article at Tire Review

Bridgestone retains top spot in Global Tire ranking

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Japan’s Bridgestone Corp. retained the title of world’s largest tire maker for the 11th straight year, edging out France’s Group Michelin again.

Read the source article at European Rubber Journal