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Goodyear CEO Richard Kramer: The Cooper Tire deal 'simply makes sense for both of us'


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AKRON When Goodyear made its initial inquiry combining the top two U.S.-based tire manufacturers, situated 132 miles apart, both with a century of history behind them executives at Cooper Tire & Rubber Co. said they felt comfortable with their company’s current trajectory.
“We were feeling quite good about the strategy and direction of the company,” Cooper CEO and President Bradley Hughes said.
Once serious talks commenced, Mr. Hughes said it became clear Goodyear’s offer to purchase Cooper for $2.5 billion in a cash and stock deal was the right one for two reasons.
“Ultimately we needed to represent our shareholders, and Goodyear, first of all, presented a very compelling offer for the company,” Mr. Hughes said, “and secondly, very compelling strategic logic . really positions the combined entity to be successful going forward.” ....

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Travel News - Kerala plans to turn Kannur into North Kerala's tourism hub


Kerala plans to turn Kannur into North Kerala’s tourism hub
As part of Kerala Tourism’s ambitious plan to pitchfork Kannur as North Kerala’s tourism hub, work will start soon on the INR 52.54 crore first-stage development of the Muzhappilangad Beach, one of the few drive-in beaches in Asia, and the picturesque Dharmadam Beach and Island projects, reports The Hindu Business Line.
The project at an overall cost of INR 233.72 crore is a key ingredient of Kerala Tourism’s aggressive campaign to promote the Malabar region and has immense potential to put Kannur on the world tourism map. Featured by the BBC among the top six best beaches for driving in the world, Dharmadam is surrounded by rivers on three sides and the Arabian Sea on one side. Dharmadam Island offers a picture-perfect view of the confluence of Anjarakandy and Thalassery Rivers. ....

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The Story Behind The Gigantic Tire on I-94


The Story Behind The Gigantic Tire on I-94
Have you ever wondered what the story is on the gigantic Uniroyal Tire visible off I-94 in Allen Park, between the Southfield Freeway Interchange and Outer Drive overpass? You certainly can’t miss it, as it stands over 80 feet high and weighs 12 tons.
It was originally created by the United States Rubber Company for the 1964 New York World’s fair, where at the time it functioned as a Ferris Wheel. After the fair ended in 1965 it was disassembled and shipped to Detroit requiring 22 trucks. Once in Detroit it was reassembled, minus it’s passenger gondolas as a static display outside the Uniroyal sales office in 1966. After a period of time the sales offices moved, but the gigantic tire remained in its location. ....

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