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Goodyear is going big in China with $3 billion takeover of Cooper

Goodyear is going big in China with $3 billion takeover of Cooper CNN 2/23/2021 By Laura He, CNN Business © David Paul Morris/Bloomberg/Getty Images Tires are stacked at a Goodyear auto service location in San Francisco, California, U.S., on Wednesday, July 22, 2020. Goodyear has agreed to buy rival Cooper for $2.8 billion. The deal will give America s largest tire producer a much bigger footprint around the world, including in China, the world s top car market. Popular Searches Goodyear was already the world s third largest tire manufacturer after Japan s Bridgestone and France s Michelin. It will retain that spot after the deal, though its global annual sales total will rise to some $15 billion from the $12.3 billion that Goodyear currently makes.

U S high-performance tire sector hit harder than overall market

WASHINGTON — The U.S. market for high-performance tires topped 100 million units last year for a second straight year even though shipments were off 11.5% versus 2019, according to data from the U.S. Tire Manufacturers Association (USTMA). The dip in demand for high-performance tires (those…

U S tire production tanked in 2020, dropping to 1950s level

AKRON Among the myriad statistics available on the tire industry for 2020, one set stands out. Production by U.S.-based tire makers fell by double-digits last year in all key categories, including a 25.5% drop in passenger tire output, reflecting the weeks and even months of suspended…

Rubber industry associations focus agendas as Democrats take charge

Rubber industry associations focus agendas as Democrats take charge President Biden said he will pursue policies in infrastructure, climate and sustainability. WASHINGTON With Democrats in control of both Congress and the White House for at least the next two years, the business of the federal government is going to look different. Democrats hold the Senate by the slimmest of margins, with Vice President Kamala Harris as president of the Senate able to break any potential ties with her vote. The House margin for Democrats shrunk during the last election, a time when many thought the party would solidify its hold instead of giving ground to Republicans.

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