Social Media

Cooper Tire reports fourth-quarter loss

February 27, 2009
Filed under Features

Cooper Tire & Rubber Co. showed a net loss of $143 million for the fourth quarter that ended Dec. 31, the company reported.

Net sales for the quarter were down nearly 17 percent from the previous year period to $636 million.

North American fourth-quarter tire operations sales were $511 million. Operating losses for the quarter were $109 million compared to profit of $45 million from the prior year period.

International tire operations showed an increase of 11 percent for the full year’s net sales, which reached $975 million. The company showed a decrease in sales for its fourth quarter compared to 2007.

  • To return to the current issue, click here.
  • For more of the latest news, click here.


Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!