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Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
23-02-2021, 10:00 AM
Příspěvek: #1
Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China
presence


[Obrázky: the-goodyear-tire-and-rubber-co--company...rado-4.jpg]

Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co in a US$2.8 billion deal to beef up
its portfolio in the high-margin light truck and SUV segments and strengthen its presence in
North America and China.

Shares of Cooper, which has historically had stronger margins than Goodyear, jumped 20per cent in
morning trade while Goodyear stock was up 3.4per cent.

The deal, announced on Monday, nearly doubles Goodyear's presence in China and broadens distribution
for Cooper replacement tires through Goodyear's network of 2,500 retail stores in the country. U.S. and
China, the two largest tire markets in the world, account for about one-third of global industry volume.

The combined company will also benefit from Goodyear's original equipment and Cooper's strength in
the rapidly growing light truck and SUV product segments.

The global tire industry was hard hit in 2020 as the COVID-19 pandemic led to a sharp decline in demand
for replacement tires and original equipment, forcing automakers to halt production.

However, industry experts expect a rebound in auto demand this year, fueled by the rollout of COVID-19
vaccines, record low interest rates and healthy consumer savings as people held off spending money
on large purchases during the pandemic.

Read the news here. : ประโยชน์ของเกม SLOTXO รวยง่ายแค่คลิกเดียว
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17-03-2021, 11:27 AM
Příspěvek: #2
RE: Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
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21-04-2021, 08:54 AM
Příspěvek: #3
RE: Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
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19-07-2021, 09:13 AM
Příspěvek: #4
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22-10-2021, 09:06 PM
Příspěvek: #5
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16-04-2022, 06:16 PM
Příspěvek: #6
RE: Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
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17-11-2022, 07:47 PM
Příspěvek: #7
RE: Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
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