Cooper Tire could sell stake in Chinese joint venture to partner

Newswire

Jan 31 (Reuters) - Cooper Tire & Rubber Co said it could sell its 65 percent stake in its Chinese joint venture to partner Chengshan Group Co Ltd, clearing the way for the U.S. tire maker to look for a buyer for itself. Chengshan Group protested against Cooper's deal to sell itself to India's Apollo Tyres Ltd by locking out Cooper management and halting production of Cooper-branded tires at the Chinese facility, Cooper Chengshan Shandong Tire Co Ltd (CCT). ...

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