Cooper Tire delays valuation of Chinese joint venture

Cooper Tire and Rubber announced a “brief” extension on the deadline for an independent valuation of its Chinese joint venture Cooper Chengshan Tire (CCT), ahead of a separation. The deadline is within the agreement that Cooper, Chengshan, and the CCT labor union reached in January 2014. The agreement was to determine the future ownership of the joint venture. In an investor call on August 8 about its latest quarterly results, […]