Cooper wants to sell auto group

25th March 2004 | 0 Comments
 

Cooper Tire & Rubber Co. is reported to want to sell off its automotive group. The automotive parts division accounted for almost half of last years sales. Cooper-Standard Automotive, based in Michigan, had revenues of about 1.66 billion US dollars in 2003. Cooper said it could use money gained from selling the auto unit to reduce debt or invest in tyre operations. Chairman Thomas Dattilo said the company may be better off concentrating on its tyre business and expanding overseas.

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