The Goodyear Tire & Rubber Co. has entered into an agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction is expected to close in the second half of 2021.
With a volatile market impacted by COVID-19, growth in last-mile delivery, and changing needs for alternative-fuel trucks, the truck tire industry is looking forward to a positive future.
Cooper Tire recently introduced the Roadmaster RM258 WD, which features an open shoulder design with four rows of lugs and is Three-Peak Mountain Snowflake certified.
The Roadmaster RM257 drive and Roadmaster RM170+ steer, both 19.5-inch tires, will soon be available for order through Roadmaster dealers.
After being closed for close to a month, U.S. manufacturing plants for Daimler Trucks North America, Yokohama Corporation of North America, and Cooper Tire & Rubber Company have either restarted production or are in the process of restarting their assembly lines, with Detroit's Big Three still in limbo.
Michelin North America, Inc. and Cooper Tire & Rubber Company have both announced a temporarily shut down of tire manufacturing facilities in North America in an effort to protect the health and safety of their employees amid the coronavirus outbreak.
Cooper Tire has added two offerings to its Work Series lineup, with 19.5-inch sizes for Class 4-6 trucks and vans.
Cooper Tire’s Work Series now includes a new regional all-weather drive tire, offered in sizes 295/75R22.5 LR G, 11R22.5 LR H, and 11R24.5 LR H sizes.
Cooper Tire has expanded its Work Series line of tires for Class 4-6 trucks and vans with three new tires, available in June.
Cooper Tire is offering the Roadmaster RM832 EM steer tire, a SmartWay verified tire designed for fuel efficiency and durability.