Michelin said the decision is a result of a lack of competitiveness of its German operations.
The acquisition marks a significant step in the development of its polymer composites activities.
Acquiring a stake in Symbio, a hydrogen solutions provider for vehicles, complements Stellantis’ BEV portfolio.
The acquisition gives Michelin a step forward in growing its polymer composite activities.
The tire distributor will purchase Michelin Russia Tyre Manufacturing Company LLC and Camso CIS LLC.
Stellantis will acquire a 33.3% stake in zero-emission hydrogen mobility company Symbio, alongside Faurecia and Michelin.
The company’s charity golf tournament has generated almost $9 million since its inception in 1989.
Jason Anzalone has served in several positions during his 11-year Michelin career.
Campaign increased awareness of Michelin’s EV-specific tires by 70 percent.
Inaugural day to be celebrated just as travelers prepare for holiday road travel.
The “holiday” will be officially announced/registered by the National Day Calendar on Nov. 16.
Michelin will leverage Arity data to work with cities, transportation departments to facilitate infrastructure optimization.