Goodyear, Michelin to Cooperate on Run-flat Tires

Goodyear and Michelin tire companies have announced that they will cooperate in the
research and development of advanced run-flat technologies through a joint venture. This is
in response to the growing demand of consumers for increased comfort, improved handling and
security of run-flat capability.

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.

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