Cooper posts deeper losses companywide, in North America

Findlay, Ohio – Cooper Tire & Rubber Co. posted a 28.3-percent gain in net sales in the third quarter – primarily from its Chinese acquisition – yet the firm´s net loss and loss from continuing operations steepened significantly.

For the third quarter, Cooper posted a net loss of $25 million versus a net loss of $840 000 for the same period in 2005. The loss from continuing operations also deepened to $23.4 million from $1.09 million a year ago. Sales in the period rose to…

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