Goodyear and Michelin, two of the world's largest tire companies, announced today in an historic agreement that they will cooperate to provide auto manufacturers and consumers with significant new choices in run-flat tire systems. Recognizing the growing demand of consumers for increased comfort, improved handling and the security of run-flat capability, the two companies will cooperate in the research and development of advanced run-flat technologies through a joint venture. Run-flat systems will also provide auto manufacturers with greater opportunities in vehicle design, use of interior space and styling flexibility. These innovations should lead to further advances in rolling resistance for reduced fuel consumption.