US: Higher material costs dent Cooper Tire’s Q3 margin

Cooper Tire has reported strong growth in revenue in the three-month period ended 30 September, but earnings and margins were undermined by the adverse impact of rising raw material prices, especially in the company's North American Tire segment. Company revenue in Q3 2011 totalled US$1,053.5m, versus US$882.9m in Q3 2010, a Subscribe to Automotive World … Continued

• By Webmaster
• October 31, 2011