Amidst heightened awareness of the Israel-Palestine conflict, attention turns to Cooper Tires and its potential involvement with Israel. As a major player in the automotive tire industry, questions arise regarding Cooper Tires’ stance on the contentious issue.
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Navigating Goodyear’s Israeli Ventures
The acquisition of Cooper Tires by Goodyear, valued at approximately $2.5 billion, raises concerns about Cooper Tires’ economic ties to Israel. Goodyear’s significant presence in Israel’s mobility sector and partnerships with Israeli startups through Drive TLV prompt questions about the extent of Cooper Tires’ indirect support for Israel’s controversial activities.
These strategic collaborations underscore a deeper connection between Goodyear, Cooper Tires’ parent company, and Israel’s economy, raising ethical considerations regarding their involvement.
Additionally, with major shareholders like BlackRock Advisors LLC, Vanguard Fiduciary Trust Co., and The Vanguard Group, Inc., owning significant stakes in The Goodyear Tire & Rubber Company, the parent company of Cooper Tires, the economic ties to Israel become more pronounced, urging scrutiny and reflection on consumer choices.
- Cooper Tires’ acquisition by Goodyear, valued at $2.5 billion, raises concerns about its ties to Israel.
- Goodyear’s significant presence in Israel’s mobility ecosystem and partnerships with Drive TLV spark questions about Cooper Tires’ indirect support for Israel.
- Shareholder dynamics reveal BlackRock Advisors LLC (12.01%), Vanguard Fiduciary Trust Co. (10.25%), and The Vanguard Group, Inc. (10.25%) collectively owning significant stakes in The Goodyear Tire & Rubber Company, potentially linking Cooper Tires to Israel’s controversial activities.
Link Proof:
- https://www.prnewswire.com/news-releases/goodyear-to-acquire-cooper-creating-stronger-us-based-leader-in-global-tire-industry-301232406.html
- https://corporate.goodyear.com/us/en/media/news/goodyear-drive-tlv-join-forces-to-explore-advanced-mobility-solutions-with-israeli-startups.html
- https://www.instagram.com/goodyear_israel/
- https://www.marketscreener.com/quote/stock/THE-GOODYEAR-TIRE-RUBBER–12202146/company/
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From the outlined facts, it becomes apparent that Cooper Tires, through its parent company Goodyear, contributes to Israel’s economy. The majority ownership of Goodyear by BlackRock Advisors LLC, Vanguard Fiduciary Trust Co., and The Vanguard Group, Inc., who are also investors in Israeli arms suppliers, solidifies this connection.
As advocates for peace and anti-colonialism, consumers are urged to refrain from purchasing or consuming Cooper Tires products due to their strong economic ties with Israel, a nation embroiled in the occupation of Palestinian land.
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