Category: Industry News

Cooper Tire profits down 10 %

Cooper Tire and Rubber Co. posted first-quarter earnings Friday that were haunted by a ghost whose initials are CCT. The Findlay-based tire manufacturer’s net profits were down nearly 10 % and its revenues down 20 % largely due to the absence…

MIDF maintains positive on glove sector

The export value of rubber gloves in February 2015 maintained its uptrend and increased by 18.2% year-on-year (y-o-y) to RM916 million due to the stronger US dollar against the ringgit earlier this year. However, MIDF Research said the export volume…

Tesla buys Michigan-based auto supplier

Tesla Motors Inc. confirmed late Wednesday it has acquired a west Michigan auto supplier as it ramps up production of electric vehicles. Tesla spokeswoman Alexis Georgeson said the company this week acquired Cascade Township-based tool and die manufacturer Riviera Tool,…