Michelin to acquire 10-pct stake in Hankook Tire

Newswire

SEOUL, Jan 28 (Reuters) - Global tyre maker Michelin said on Tuesday it would buy a 10-percent stake in South Korea's Hankook Tire for a strategic alliance. Top executives of the two companies signed a partnership agreement in Seoul on Tuesday, Michelin said in a statement. "This agreement allows the two companies to exploit synergies in a search for common opportunities to develop their respective positions in the tyre market," the statement said.

Premium Content (PAID Subscription Required)

"Michelin to acquire 10-pct stake in Hankook Tire" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×