Cooper Tire sold to Goodyear Tires in a deal worth about $2.8 billion. What effects does this have on Goodyear’s supply chain?
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, we highlight the top 10 Biden appointees in the freight industry; a recall at Daimler; growth plans at Yellow Corp.; and big news in the tire industry.
Goodyear is buying Cooper Tire in a $2.5 billion “transformational” deal.
The coronavirus pandemic has caused a sharp drop-off in demand for tires and cars, causing manufacturers across North and South America to furlough workers and implement partial factory shutdowns.
Cooper Tire & Rubber Co. (NYSE:CTB) recently announced a plan to increase ownership in its joint venture tire plant in Guadalajara, Mexico, from 58% to 100%. The Findlay, Ohio-based company […]
