8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):  December 14, 2010

COOPER TIRE & RUBBER COMPANY

(Exact Name of Registrant as Specified in Charter)

Delaware	001-04329	344297750
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

701 Lima Avenue, Findlay, Ohio	45840
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:                  (419) 423-1321

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On December 20, 2010, Cooper Tire & Rubber Company (the "Company") announced that an agreement has been reached to increase the Company’s ownership in its affiliated Mexico operations.  The Company will increase its percentage ownership position in Corporacion de Occidente SA de CV (“Occidente”) from 38 percent to 58 percent and its percentage ownership position in Cooper Tire & Rubber Company de Mexico SA de CV (“Cooper Mexico”) from 50 percent to approximately 100 percent.  The costs to increase its ownership interests in both Occidente and Cooper Mexico is currently valued at approximately $22 million.  As a result of the increased ownership position, which is currently expected to be effective January 1, 2011, Occidente and Cooper Mexico will be fully consolidated into the Company’s 2011 financial results.

Item 9.01. Financial Statements and Exhibits.

Exhibit
Number	Exhibit Description
99.1	Press Release, dated December 20, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

COOPER TIRE & RUBBER COMPANY
By:
	Name: Jack Jay McCracken
	Title: Assistant Secretary

Date:  December 20, 2010

Exhibit Index

Exhibit
Number	Exhibit Description
99.1	Press Release, dated December 20, 2010

EX-99.1

COMPANY CONTACT:	Curtis Schneekloth	FOR IMMEDIATE RELEASE
	(419) 427-4768	Dec. 20, 2010

Cooper Tire & Rubber Company Reports

Increased Investments in Mexico

Findlay, Ohio, Dec. 20, 2010 - Cooper Tire & Rubber Company (NYSE:CTB) today announced it will increase its ownership levels in its affiliated Mexico operations. As part of its long term strategy to produce high quality cost competitive products Cooper will raise its ownership level in Corporacion de Occidente SA de CV., to 58 percent from 38 percent upon closing of this transaction. This change is intended to be effective Jan. 1, 2011, and will result in the entity being fully consolidated starting in 2011 in the Company's financial results.

The Company will also be increasing its ownership of Cooper Tire & Rubber Company de Mexico SA de CV., to approximately 100 percent from 50 percent. This entity conducts sales and marketing in Mexico and will continue to be fully consolidated. The increase in ownership is the result of a capital call by the entity and conversion of an existing loan into equity.

Roy Armes, Chairman, CEO and President stated, "We are extremely pleased with the opportunity to increase our ownership at these entities. This action aligns with the Company's strategic plans and should allow us to continue investing and growing these important pieces of the Cooper organization."

About Cooper Tire & Rubber Company

Cooper Tire & Rubber Company is a global company with affiliates, subsidiaries and joint-ventures that specialize in the design, manufacture, marketing and sales of passenger car and light truck tires. The Company also has subsidiaries that specialize in medium truck, motorcycle and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has manufacturing, sales, distribution, technical and design facilities within its family of companies located in 10 countries around the world. For more information on Cooper Tire, visit www.coopertire.com, www.facebook.com/coopertire, or twitter.com/coopertire.