JAPAN: Toyo to tie with Michelin in run-flat tyre deal - reports
Toyo Tyre & Rubber Co. Ltd. is to tie up with Europe's biggest tyre maker, Michelin, in high-performance car tyres, the Nihon Keizai newspaper said on Tuesday according to Reuters. The companies will share marketing and customer service networks, and jointly develop a "run-flat" tyre, which enables vehicles to run safely despite pressure loss and eliminates the need for a spare, the paper reportedly said.
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