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SEC charges another Cooper/Apollo insider trader

In April 2015 the United States Securities and Exchange Commission (SEC) charged two men, long-time friends Amit Kanodia and Iftikar Ahmed, after the pair illegally profited from inside information related to Apollo Tyres’ plan to acquire Cooper Tire & Rubber in 2013. Kanodia, whose wife held the post of general counsel at Apollo Tyres prior to the deal’s announcement and was privy to highly confidential information, also shared details with others. A further ‘close friend’, Steven C. Watson, is now the subject of a further case being pursued by the SEC. The US federal agency submitted its case against Watson to the United States District Court in the District of Massachusetts on 17 November.

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  1. Friends charged with insider trading on Apollo/Cooper deal
  2. Prison sentence for Apollo/Cooper insider trading
  3. Apollo and Cooper – is this the start of the expected wave of consolidation?
  4. Reports: Cooper Chengshan strike over Apollo acquisition
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Spiniella appointed Cooper Tire Europe business development director

Cooper Tire Europe has appointed Mirco Spiniella as its new business development director. Spiniella will be responsible for the implementation of Cooper’s sales and marketing strategy, with a focus on business intelligence and key account management in the German, Swiss, Spanish and French markets. He will report to Sylvain Borré, general manager European Subsidiaries.

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  1. Giti Tire appoints Italian market analyst
  2. Marangoni appoints Avril general manager for French subsidiary
  3. Jon Tatnall made EDT sales director
  4. Triangle Tyre appoints new European team
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Cooper Tire Europe launches first Arabic website for Middle East market

Cooper Tire Europe has launched its first full Arabic website, www.coopertire.me. The new site has extensive content including product pages, company information and a dealer locator. The company stated the site demonstrates its continued commitment to the region, coming shortly after Cooper Tire Europe announced that it will be the official tyre sponsor of this year’s Dubai International Motor Show.

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  1. Cooper becomes Dubai International Motor Show official tyre sponsor
  2. New products and brand support for Cooper, Avon ranges
  3. Cooper showcasing 4×4 tyres on 6×6 vehicle in Geneva
  4. Avon Tyres supplies slick tyres for Rodin FZED single-seater
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Cooper prepares for final European round of 2015 World RX Championship

The penultimate round of the FIA World Rallycross Championship – the last in Europe – takes place at the Franciacorta International Circuit this weekend, and both the 2015 World RX Drivers’ Championship and Teams’ Championships could be decided. Franciacorta, in northern Italy, will form the final round of this year’s FIA European Rallycross Championship (Euro RX), the Super1600 category plus the supporting RX Lites Cup. Cooper Tire is the exclusive tyre supplier for the series, and Paul Coates, general manager – motorsport, Cooper Tire Europe has explained the challenges for the drivers at the Franciacorta circuit.

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  1. Cooper ready to support World RX and RX Lites Swedish ‘carnival’
  2. Cooper and ambassador Coulthard on the road to Hell
  3. EKS wins teams’ title in Cooper-supplied World Rallycross Championship
  4. Cooper Tire Europe supplying BTRDA Clubmans Rallycross Championship
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Cooper launches A-rated Zeon CS8

Cooper Tire Europe has launched the Cooper Zeon CS8 – a high performance passenger car tyre, which ‘A’ grade wet grip and is also said to perform in terms of fuel efficiency and handling. Brand ambassador and Formula 1 driver, David Coulthard, evaluated the Cooper Zeon CS8 and provided feedback to Cooper’s product development team.

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  1. Cooper unveils World RX-Edition Zeon CS8 UHP tyre
  2. Prinx Chengshan develops label-topping tyre
  3. Dunlop 145SR10 SP44 Weathermaster launched
  4. Yokohama enters 20th year supplying Lotus with new road legal OE track tyres
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Dakar involvement bolsters Cooper’s 4×4 tyre strength

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Cooper can lay claim to being a leading brand within the 4×4 tyre market, with one of the stronger ranges of any manufacturer. Its tyres are selected for many applications, with the world’s most gruelling off-road endurance event, the Dakar Rally, perhaps the most notable for the challenge it presents to rubber. Cooper tyres are utilised by rally legends such as Xavi Foj, whose team is supported by the brand; links such as this help the manufacturer to underline its presence within this segment. Foj used the Discoverer S/T Maxx to take a podium finish in Buenos Aires this January, in what was the Spanish driver’s 25th Dakar Rally.

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Related news:

  1. Cooper: Off-road strength, on-road quality
  2. GfK: UK still amongst largest and fastest growing SUV tyre markets
  3. GfK: SUV sales drive UK tyre market post-Brexit
  4. Goodyear: SUV/4×4 sales projections “good news for premium brands”
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New Cooper WM Van sizes available

Introduced for the upcoming winter season, Cooper Tire Europe’s WM winter van tyre is now available in a wide range of sizes. Sarah McRoberts, European marketing communications manager for Cooper, said, “With what could be an extreme winter for us in Britain, it is important to ensure that one of our flagship products is made available to as many van and car owners as possible, across the Cooper Tire WeatherMaster range.

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  1. Avon Tyres launches new WV7 and WT7 winter fitments
  2. Cooper Tires becomes title sponsor, supplier of RallyX on Ice
  3. Enjoy’s Rotalla, Routeway winter tyres available through exclusive UK distributor
  4. Cooper unveils World RX-Edition Zeon CS8 UHP tyre
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Cooper becomes Dubai International Motor Show official tyre sponsor

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Cooper Tire will be the official tyre sponsor of this year’s Dubai International Motor Show. Announced during a visit by the vice president and managing director of Cooper Tire, Europe and the Middle East, Jeff Schumaker, the sponsorship will mark the tyre brand’s first move to increase its presence across the Middle East ahead of a series of new product arrivals over the coming months. The manufacturer has a tangential connection to the region through Arsenal Football Club, for whom it is the Official Tyre; Arsenal’s shirt sponsor is Dubai-based airline, Emirates.

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Related news:

  1. Cooper Tire Europe sponsoring Arsenal
  2. Cooper Announces Champ Atlantic Deal at SEMA
  3. SEMA Show 2006: Cooper Now Part of Need For Speed Game Series
  4. Cooper expands US sport sponsorship involvement
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World RX tyre supplier goes to Hell with 47 Supercar entries

After passing the midway point of the season for the 2015 FIA World Rallycross Championship, tyre supplier Cooper says the competition is heating up in Hell, Norway, with just six rounds to go. A record number of 47 Supercars will be on the grid in Norway, accompanied by 12 RX Lites competitors, all running on Cooper’s rallycross tyres which are specifically designed for the very unique demands of rallycross – a fusion of gravel and asphalt racing.

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Related news:

  1. Cooper ready to support World RX and RX Lites Swedish ‘carnival’
  2. Cooper brings together football and motorsport in pendulum Precision Challenge
  3. EKS wins teams’ title in Cooper-supplied World Rallycross Championship
  4. Cooper unveils World RX-Edition Zeon CS8 UHP tyre
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New automated compounder for Cooper Tire’s Tupelo plant

According to local media reports, Cooper Tire & Rubber will invest US$1.89 million in new equipment for its Tupelo tyre factory in the USA. The investment covers the purchase and installation of a new automatic compounder, along with a 1,300 square metre (14,000 square foot) extension of the facility in order to house the new equipment.

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  1. Cooper investing US$4 million in Tupelo mixing
  2. Cooper will focus on HP, UHP this year
  3. Cooper, USW give Texarkana deal the thumbs up
  4. Cooper Tire’s Tread Wisely app reminds young drivers to check their tyres
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Operating profit up in Q2 as Cooper Tire benefits from raw material prices

Cooper Tire & Rubber blames the absence of Cooper Chengshan Tire (CCT) from the company’s books for the 15.4 per cent year-on-year drop in sales experienced during the second quarter of 2015. Excluding the impact of CCT, Cooper Tire & Rubber’s second quarter 2015 sales rose five per cent year-on-year as a result of $64 million worth of higher unit volume gained both in the Americas and International business units.

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  1. Cooper Tire: 2013 figures show impact of ‘unique challenges’
  2. Increased OE activities and higher global sales part of Cooper’s growth strategy
  3. Chinese JV exit gives Cooper Tire flexibility to plan for a changing tyre market
  4. Q1 performance ‘well above target’, says Cooper Tire
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Cooper Tire releases global sustainability report

The third annual Cooper Tire & Rubber corporate social responsibility and sustainability report was published today. This year’s document is titled ‘Responsibility the Cooper Way’.

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Related news:

  1. Cooper reports domestic, international sales increase in Q1, 2011
  2. Cooper Tire to purchase up to $200 million more of own shares
  3. Q1 performance ‘well above target’, says Cooper Tire
  4. Operating profit up in Q2 as Cooper Tire benefits from raw material prices
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Retail service centres to boost Cooper Tire’s brand recognition in China

Cooper Tire & Rubber has shared news of its work with tyre dealers in China to elevate Cooper brand awareness amongst consumers, including the many first-time car buyers in this enormous market. The tyre maker says that over the past eight months it has collaborated with dealers to introduce a new retail concept. So far this has led to the opening of four Cooper ‘Superfeel Centers’ in China. The first of these outlets opened in Shanghai in November 2014, and this was followed by centres in Shandong (January 2015), Beijing (March 2015) and Chengdu (July 2015). These four sites will be joined by two more Superfeel Centers, in Baoding and Inner Mongolia, by the end of this year.

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Related news:

  1. Chinese JV exit gives Cooper Tire flexibility to plan for a changing tyre market
  2. Cooper completes GRT shareholding purchase
  3. De Vries: “Navitrac is Coming to Europe“
  4. Cooper Tire acquiring majority share in Chinese truck tyre maker
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Court dismisses Cooper Tire shareholder lawsuit

The US District Court in Delaware has dismissed the class action against Cooper Tire & Rubber that followed the unsuccessful Apollo Tyres acquisition attempt. The lawsuit, which was filed in January 2014, alleged the tyre maker, along with CEO Roy Armes and CFO Bradley Hughes, violated US federal securities laws by misrepresenting its financial condition, financial prospects, and the effectiveness of its internal controls. The action was filed by law firms Entwistle & Cappucci LLP and Bernstein Litowitz Berger & Grossmann LLP on behalf of Cooper Tire investors OFI Risk Arbitrages, OFI Risk Arb Absolu and Timber Hill L.L.C.

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Related news:

  1. Cooper Appoints New HR Senior VP
  2. Cooper counters Apollo offer reduction talk with statement
  3. Cooper not yet ready to resume financial reporting
  4. Long awaited Cooper 2013 3Q report reveals Apollo, Chengshan damage
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