A roundup of this week’s news involving automotive suppliers Cooper Tire & Rubber Co. is considering selling its Cooper-Standard Automotive Group. If the sale goes through, proceeds could be used to reduce debt, invest in tire operations, return capital to stockholders, repurchase shares, or a combination of those things, says Cooper. CEO Thomas A Dattilo says although significant investment has been put into the automotive unit, the company’s board believes it’s the right time to ...
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