FINDLAY, Ohio (April 10)—Cooper Tire & Rubber Co. said it expects its earnings per share for the first quarter to be 5 to 7 cents higher than its previous estimate of 30 cents per share. The tire maker attributes the improvement to an increase in market share and a rise in North American light vehicle production. Cooper will release final results for the first three months of 2002 on April 18. In separate news, the tire maker has nominated a Goodyear veteran to its board of directors. John F. Fiedler, currently chairman and CEO of powertrain components supplier BorgWarner Inc., held numerous marketing and sales positions in the U.S. and Far East during his 29-year tenure with Goodyear. Cooper's shareholders will vote on Fiedler's appointment during the company's May 7 annual meeting.
Cooper's first-quarter earnings to exceed expectations
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