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And the the Chinese hookups just don't stop. Cooper Tire has announced that it has government approval to acquire 51% of China's third largest tire company, Shandong Chengshan Tire. The deal's expected to close in January and includes are you ready for this a 25 percent stake in a steel cord factory next to the tire facility. Now if that ain't a sweet deal on rubbers, we ain't never purchased a dusty pack o' Trojans at a convenience store at 3am.

Cooper Tire OK'd for Stake in China Co. [MSN Money]

The Wings of Goodyear to Carry Less: Tiremaker to Slash Production in Wake of Hurricanes [Internal]