Cooper Tire Sells Automotive Unit
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Cypress Group and Goldman Sachs Capital Partners have agreed to pay $1.17 billion to acquire Cooper-Standard Automotive by the end of the year.
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Goodyear Tire & Rubber Co. GT.N, the  largest U.S. tiremaker,  on Friday said it would report a  third-quarter profit, reversing a year-earlier loss, on higher  prices for its products and stronger sales.
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Bridgestone Americas Holdings Inc., the U.S. subsidiary of Japanese tire maker Bridgestone Corp. , will buy Bandag Corp. , a maker of tire retreading materials and equipment, the companies said on Tuesday.
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KNOXVILLE, Tenn. - Sales of sport utility vehicles jumped 151 percent in Tennessee between 1997 and 2002 - faster than any other state and three times the national rate, a new government report says.
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A group led by Goldman Sachs Group Inc. agreed to buy the Cooper Tire &amp; Rubber Co. business that makes automotive fluid-handling systems and other components for $1.
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Goodyear Tire &amp; Rubber Co. (GT.N: Quote, Profile, Research) , the largest US tiremaker, on Friday said it would report a third-quarter profit, reversing a year-earlier loss
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General Motors Corp. said on Thursday it will sell its Allison Transmission unit for $5.6 billion to private equity firms Carlyle Group and Onex Corp. , sending the automaker's shares to their highest level in 2-1/2 years.
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Ford Motor Co. said on Monday it had reached a preliminary agreement to sell its Automotive Components Holdings (ACH) unit's climate-control business to French car parts maker Valeo.
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Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to an unidentified number of hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
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The automotive parts distributor produces a higher profit and has an attractive yield.
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Upmarket car dealership HR Owen says it has received an indicative offer for the company.
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G.M. said it sold 9,369,524 vehicles, a 3 percent increase. Toyota last week reported its sales as a rounded 9.37 million, 6 percent more than in 2006.
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FINDLAY, Ohio, Dec. 29 /PRNewswire-FirstCall/ -- Cooper Tire &amp; Rubber Company (NYSE:CTB) announces today that Robert Simmons of Baton Rouge, La.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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General Motors Corp.  on Thursday said it reached a deal to sell its Allison Transmission unit for $5.6 billion to private-equity firms Carlyle Group and Onex Corp.
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General Motors Corp.  on Thursday said it reached a deal to sell its Allison Transmission unit for $5.6 billion to private-equity firms Carlyle Group and Onex Corp. , sending the automaker's shares to the highest level in 2-1/2 years.
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AKRON, Ohio Sept. 10, 2004 - Goodyear Tire &amp; Rubber Co. said Friday it will eliminate 340 jobs in its engineered products and chemical businesses to reduce costs.