SHANGHAI — French tiremaker Group Michelin SA reportedly is in final negotiations to form a joint venture with Shanghai Tire and Rubber Co. Ltd. The Shanghai government already has approved the deal, reportedly worth US$300 million. The Chinese tiremaker, the country's largest maker of radial tires, views the potential deal as an opportunity to repay debt and increase profitability, reports say. The company's long-term debt reportedly stood at RMB1.2 billion (US$145 million) last year. ...

Premium Content (PAID Subscription Required)

"Michelin pursues final negotiations in venture with Shanghai 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 pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.